Fidelity Bank Raises Dividend to 20 Kobo as Profit Hits N28bn

By Modupe Gbadeyanka A global provider of audit and certification services, MSECB, has issued a certification to Access Bank Plc for its Anti-Bribery Management System. The certification was issued to the Nigerian lender after implementing effective measures and fostering a culture of integrity within its system and operations. With this certification, Access Bank aims to provide its customers with the highest level of confidence in the bank’s unwavering integrity, assuring them of its zero-tolerance policy for bribery and ethical misconduct, thus fostering a positive relationship, and building trust and credibility among its stakeholders, including customers, partners, and investors. The bank

By Modupe Gbadeyanka A total of N7 million has been won by 70 customers of Stanbic IBTC Bank Limited in season three of the lender’s Reward4Saving promo. The winners were given N100,000 each in the October draw held recently, with their corresponding cheques presented to them on Friday, November 10, 2023, at the headquarters of the company in Lagos. The third season of the promo started in September 2023 and 140 people have been rewarded so far with N100,000 each. There are 10 draws left until the end of season three and 700 new and existing customers from our seven

By Adedapo Adesanya President Bola Tinubu has thrown his full weight behind the plan by the Central Bank of Nigeria (CBN) to increase the capital base of banks in the country. The President expressed his views on this move, which last occurred in 2005, through his Special Adviser on Information and Strategy, Mr Bayo Onanuga, in his message at the 40th anniversary of The Guardian Newspapers in Lagos on Tuesday. He said bank recapitalisation was crucial to Nigeria achieving a $1 trillion economy. “Amidst the general lull in a global economy, our ambition to attain a $1 trillion economy appears

By Dipo Olowookere The management of Channels Television has promised to look into the allegation of assault against one of its reporters. On Sunday, a video emerged on social media showing a woman, Mrs Ifeanyinwa Angbo, claiming that to be assaulted by her husband, Mr Pius Angbo. Mrs Angbo said in the video that she is a medical doctor and has been married to Mr Angbo from Benue State for six years. According to her, Mr Angbo, a journalist and the correspondent of Channels Television in Imo State, has turned her to a punching bag, making her life miserable in

By Adedapo Adesanya The recent bull run at the NASD Over-the-Counter (OTC) Securities Exchange came to a halt on Wednesday, no thanks to Niger Delta Exploration and Production (NDEP) Plc and FrieslandCampina WAMCO Nigeria Plc. The two market giants pulled down the unlisted securities market yesterday by 0.41 per cent on the back of profit-taking by investors. As a result, the market capitalisation of the bourse dwindled by N2.17 billion to settle at N530.68 billion in contrast to the preceding day’s N532.85 billion. Also, the damages caused by these two companies to the market sliced the NASD Unlisted Security Index

A new strategic agreement has been entered into by Visa and Western Union so as to bring speed, simplicity and transparency to global payments. As part of the deal, Western Union will implement Visa Direct, Visa’s real-time push payments platform in an effort to bring speed and transparency to the process of sending money around the world. This collaboration reinforces Visa’s commitment to modernize how payments are made around the world. Once Western Union’s implementation of Visa Direct is live, Western Union will be able to offer customers an expedited remittance service onto cards with more transparency and an enhanced

By Investors Hub Asian stocks turned in a mixed performance on Monday as mixed corporate earnings results and falling oil prices offset upbeat U.S. GDP data as well as growing optimism over a possible U.S.-China trade deal. The markets in Japan were closed for the Golden Week holidays. Chinese stocks fluctuated before ending notably lower as investors awaited manufacturing and service sector data for directional cues. The benchmark Shanghai Composite Index dropped 23.90 points or 0.8 percent to 3,062.50, while Hong Kong’s Hang Seng Index jumped 287.80 points or 1 percent to finish at 29,892.81. Australian markets pulled back from

By Adedapo Adesanya Following a loss of N6.64 billion, the NASD Over-the-Counter (OTC) market capitalisation closed at N529.12 billion in the 27th week of trading this year. In the preceding week, the total value of securities on the exchange stood at N535.76 billion. The decline resulted from the negative movement in the price of Central Securities and Clearing System (CSCS) Plc, which outweighed three price advancers recorded in the week. Business Post reports that CSCS Plc lost 8.4 per cent last week to settle at N16.99 per share in contrast to N18.55 per share of the prior week. This depleted

By Adedapo Adesanya Members of the upper chamber of the National Assembly on Tuesday granted the request of President Muhammadu Buhari to obtain N850 billion fresh loan to fund some projects in the 2020 budget. The Senate had reconvened today from a forced five-week recess caused by the coronavirus pandemic. President Buhari had asked the red chamber of the parliament for approval to secure a fresh loan of N850 billion to fund some projects in the 2020 budget. He made the request in a letter read by the Senate President, Mr Ahmad Lawan, on the floor on Tuesday. According to

By Adedapo Adesanya Oil futures rose on Thursday as Russia indicated that it has not ruled out delaying production increases by the Organization of the Petroleum Exporting Countries and their allies, OPEC+ that are set to be implemented in January. As a result, the international benchmark futures, Brent crude, rose by 1.65 per cent or 69 cents yesterday to trade at $42.42 per barrel while the US benchmark, West Texas Intermediate (WTI) crude futures, jumped by 1.52 per cent or 61 cents to $40.64 per barrel. President Vladimir Putin of Russia said the latest sign show the cartel could restrain

By Adedapo Adesanya To use technological solutions to solve quality educational gaps in Nigeria, SchoolGate, a technological and educational focused startup, has created an affordable audio-visual learning portal filled with academic content from primary to tertiary level. This was revealed in a press statement by Techpoint Africa, where it stated that SchoolGate also provides learning contents on Basic Programming and in other fields such as Science, Technology, Engineering and Mathematics (STEM). The educational tool has been made affordable for parents and guardians, who, with as low as N500 per term, can purchase video learning materials for their children and wards.