CBN to set up offshore banking in free trade zones to boost investments
Rosemary IwualaDecember 7, 2022
By Rosemary Iwuala The Central Bank of Nigeria (CBN), in collaboration with the Free Trade Zone Authority (FTZA), has commenced moves to establish offshore banking in the zones in Nigeria so as to encourage investors to repatriate their returns from their businesses. Confirming the report on the sideline of a three-day conference […]
Greenville LNG signs MoU with Nasarawa for infrastructural development
Innocent ObasiDecember 2, 2022
By Innocent Obasi Greenville Liquefied Natural Gas (LNG) Limited, an LNG production and distribution company, has signed a Memorandum of Understanding (MoU) with the Nasarawa State government to allocate land for an LNG and liquefied compressed natural gas (L-CNG) facility in Lafia, the state capital. The company disclosed this in a statement released on […]
FCMB grows PBT by 68.4% to N26.9bn in nine months
Onome AmugeDecember 2, 2022
Onome Amuge FCMB Group Plc recorded an impressive financial performance across all indicators for the third quarter ended September 30, 2022, led by a 68.4 percent year-on-year growth in profit before tax (PBT) of N26.5 billion, compared to N15.7 billion recorded in the corresponding period of 2021. Highlights of the Group’s unaudited nine-month results showed […]
Stanbic IBTC upgrades healthcare short-term loan, ensures flexible repayment period
Cynthia EzekweNovember 29, 2022
By Cynthia Ezekwe Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has upgraded its healthcare short-term loan to ensure a flexible repayment period. This upgrade, which is.in line with the bank’s contributions to an improved healthcare sector in the country, offers affordable interest rates and zero collateral to enable sector players to access better […]
BVN registration database hits 56m in November 2022
Rosemary IwualaNovember 25, 2022
By Rosemary Iwuala The continuous registration for the Bank Verification Number (BVN) by Nigerian bank account owners has pushed the BVN database to 56 million as of November 20, 2022, according to data released by the Nigeria Inter-Bank Settlement System (NIBSS). As of July 31, 2022, NIBSS data showed that the BVN database stood at […]
Access Bank unveils Closa Agent in Imo, targets 200,000 nationwide
Sabinus ElembaNovember 25, 2022
By Sabinus Elemba Access Bank Nigeria plc has unveiled the Access Closa Agent in Owerri, Imo State capital, in a bid to satisfy its customers and make banking easier. The bank at the event on Thursday said it is targeting to increase its Closa agents from 160,000 to 200,000 nationwide in 2023 and intends to […]
Julius Berger adjudged most reliable construction company in Nigeria
Rosemary IwualaNovember 24, 2022
By Rosemary Iwuala …as Rivers commissions projects delivered by the company Nigeria’s leading engineering construction company, Julius Berger Nigeria Plc, has been adjudged “the most reliable construction company in Nigeria”. Adams Oshiomhole, a former governor of Edo State, gave the verdict in Port Harcourt, Rivers State capital, at the commissioning of […]
Dangote Cement appoints Imoedemhe acting company secretary
Cynthia EzekweNovember 24, 2022
By Cynthia Ezekwe Dangote Cement Plc has appointed Edward Imoedemhe as acting company secretary/general counsel following the exit of Mahmud Kazaure, the former company secretary/general counsel. The company announced this in a statement dated Tuesday, 22 November 2022 and signed by Michel Puchercos, its group managing director/chief executive officer. The appointment became effective on 21 […]
Stanbic IBTC Holdings appoints Omotowa non-executive director
Cynthia EzekweNovember 23, 2022
By Cynthia Ezekwe Stanbic IBTC Holdings Plc Board of Directors has appointed Babatunde (Babs) Omotowa as an independent non-executive director following the receipt of all required regulatory approvals. The company announced this in a statement signed by Chidi Okezie, company secretary, and shared on the website of the Nigerian Exchange Limited (NGX) on Monday, 21st November, […]
Claims management in focus at Carefirst Consult advocacy conference
Olivia NnoromNovember 21, 2022
By Olivia Nnorom Low insurance uptake in Nigeria has remained a concern for stakeholders in the industry. With insurance penetration in the country below one percent, industry stakeholders are constantly in search of ways to change the narrative. To help stakeholders understand what the issues are and ways to navigate them, Carefirst Consult, a foremost claims management company concentrating on insurance […]