How Access Bank Is Revitalising Agric Sector with Agriculture Desk

By Aduragbemi Omiyale The popular Ajose Adeogun Street and Roundabout on Victoria Island, Lagos, is wearing a new look, thanks to Zenith Bank Plc, which designed the areas with beautiful Christmas decorations. The yearly ritual of the financial institution is a part of its Corporate Social Responsibility initiatives aimed at setting the tone for the Christmas and Yuletide seasons. Performing the Light-Up ceremony, the 17th of its kind recently, the chief executive of Zenith Bank, Mr Ebenezer Onyeagwu, expressed his delight in heralding the 2023 Yuletide season by lighting up the iconic Ajose Adeogun Street and Roundabout. He urged everyone

By Bliss Okperan A digital investment platform known as AltInvest has been introduced by a new kid in the banking industry in Nigeria, Alternative Bank. According to the non-interest lender, which commenced operations in October 2023, the new product empowers individuals to navigate seamlessly the investment world, blending ethical and digital features for increased accessibility. At the unveiling of the innovative financial solution at the 44th Kano International Trade Fair, the company also launched another produced AltBiz, which it said caters to the financial needs of businesses, offering a comprehensive suite of services to fuel growth, innovation, and sustainability. “These

By Aduragbemi Omiyale The Banker magazine, a publication of the Financial Times, has announced Stanbic IBTC Holdings Plc as the Bank of the Year in Nigeria. The Nigerian financial institution was honoured by the media platform as an awards cement held on Thursday, November 30, 2023, in London. The event, widely acknowledged as the Oscars of the Banking Industry, attracted several critical stakeholders in the global banking sector. It was explained that Stanbic IBTC Holdings was picked for the recognition because of its exceptional achievements in banking excellence, adept navigation of industry challenges, and commitment to providing innovative financial services

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 positive trend recorded on the floor of the NASD OTC Market in the past three week came to an end this week. This came as the NASD USI ended the week in red, depreciating by 1.67 percent to close at 663.22 points against 674.45 points last Friday. Consequently, the total market capitalisation shed 1.67 percent this week, closing lower at N448.82 billion compared with N456.42 billion last Friday. On the price movement chart, FrieslandCampina WAMCO Nigeria Plc emerged the highest price gainer, closing at N154 against its previous close of N150.10k. On the other end, Niger

By Modupe Gbadeyanka Nigeria joined the rest of the world to celebrate the International Day of Women and Girls in Science held on Thursday, February 11, 2021. This year’s event was themed Women Scientists at the forefront of the fight against COVID-19 and it provided an opportunity to look into ways females can be encouraged to increase their involvement in Science, Technology, Engineering and Maths (STEM). In Nigeria, the day was celebrated by Afro-Tech Girls, a non-profit organization focused on encouraging and empowering females in STEM. The organisation, in partnership with IHS Nigeria, a subsidiary of IHS Towers, organised a

Cybercrime is nothing new in Nigeria. Part of youth culture for decades, criminal enterprises have spread across the country. In 2020, Nigeria ranked 16th highest in the world for international cybercrimes, by the FBI. However, Nigeria ranked 47th on the Global Cybersecurity Index, showing a vast disparity between the volume of cybercrime, and the effectiveness of Nigeria’s cybersecurity. To understand this divide, it’s important to understand where cybercrime originated in the country. Let’s investigate… A brief history of cybercrime in Nigeria The roots of cybercrime culture in Nigeria date as far back as the 1980s. In those early days, Nigerian

By Modupe Gbadeyanka President Muhammadu Buhari is departing Abuja on Sunday, May 16, 2021, to Paris, the French capital, to participate in the African Finance Summit. Mr Buhari will be in the European country for days and would use the opportunity to have talks with his French counterpart, Mr Emmanuel Macron, on other matters, including security. The African Finance Summit is focused on reviewing the African economy, following shocks from the Coronavirus pandemic, and getting relief, especially from increased debt burden on countries. It is hosted by Mr Macron and will draw major stakeholders in the global finance institutions and

By Dipo Olowookere Shareholders of a leading food and agro-allied company in the country, Flour Mills of Nigeria Plc, have approved the N9.23 billion dividend payout at N2.25k per ordinary share. The cash reward was ratified by the company’s investors at the 63rd Annual General Meeting (AGM) on Thursday, November 9, 2023, in Lagos However, they appealed to the board of the organisation to consider increasing the dividend payout in the future, noting that the recent performance of the company showed it could pay more dividends. While airing their views at the gathering, attended by key stakeholders of the firm,

By Dipo Olowookere Profit-taking on the floor of the Nigerian Exchange (NGX) Limited was maintained on Wednesday and this time, it was more on the banking and energy stocks. The situation watered down the value of Stanbic IBTC by 10.00 per cent during the session, closing at N45 and was trailed by CWG, which lost 9.61 per cent to settle at N2.07. Unilever Nigeria declined by 8.21 per cent to sell for N12.30, Courtville went down by 8.00 per cent to 23 kobo, while International Breweries dropped 7.02 per cent to trade at N5.30. Business Post reports that at the

By Modupe Gbadeyanka For the third trading sessions, the Nigerian Stock Exchange (NSE) finished on Friday in the green territory. Gains recorded by blue-chip stocks further pushed the stock market northward by 1.53 percent to expand the year-to-date gain to 35.15 percent. Business Post reports that the market breadth ended positive today with 32 appreciating stocks against 11 declining equities. In addition, the All-Share Index (ASI) improved by 546.95 points to settle at 36,320.93 points, while the market capitalisation increased by N188.3 billion to close at N12.5 trillion. The renew confidence of investors in the stock market reflected in the

The International Association for the Measurement and Evaluation of Communication (AMEC), in conjunction with P+ Measurement Services, is set to host the annual educational programme, AMEC Measurement Month (#AMECMM), 2019 in Nigeria. P+ Measurement, a media independent and Nigeria’s first specialized agency championing new innovative models for Communications Measurement and Evaluation, will join 86 other participating countries to host the annual event, with the theme Why Measurement and Evaluation is Necessary for the Growth of the PR Industry. The event, now in its fourth year in Nigeria, is slated for November 22, 2019. The event will be facilitated by industry