Nigerian Banks Capable To Support Big-Ticket Transactions—Adeduntan

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 business grant of N10 million has been given to 30 members of the National Youth Service Corps (NYSC), who partook in the entrepreneurship development initiative of Unity Bank Plc known as the Corpreneurship Challenge. The young entrepreneurs received funding support for developing innovative solutions in several business value chains like honey production, rice, and snail farming, among others. The beneficiaries pitched their business ideas to judges selected for the competition across 10 state NYSC Orientation Camps; Katsina, Kano, Kwara, Imo, Rivers, Delta, Sokoto, Edo, Akwa-Ibom, and Osun States. At the NYSC Orientation camp at Ikot Itie

By Modupe Gbadeyanka The Head of Partnerships at Stanbic IBTC Bank Limited, Ms Omolara Osunsoko, has posited that any economy that intends to flourish must do everything possible to support business owners, especially those in the Small and Medium Enterprises (SMEs) sector. The banker said this at a webinar organised to inform participants of a seamless payment experience for business owners through the enhanced Enterprise Online (EOL) payment platform. At the event themed Simplifying Payments for Businesses, the company unveiled EOL 2.0, an upgraded solution created to facilitate a smooth payment experience and improve human resources (HR) services for business

By Adedapo Adesanya The bulls could not make it three out of three on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Wednesday, October 28 as the market stepped on a banana peel to fall by 1.41 per cent. At the end of the day’s trading, the NASD unlisted securities index (NSI) dropped 10.48 points from the previous rate of 740.74 points to close at 730.26 points. In the same trend, the bourse’s market capitalisation closed at N536.42 billion after investors lost N7.7 billion from the preceding value of N544.12 billion. The session saw a total volume of

By Dipo Olowookere A new report from Ericsson has recommended the adoption of digitalisation and flexible workforce management to get the best out of their employees. In the report titled Future of Work Life and obtained by Business Post, the firm disclosed that about 48 per cent of “the employees in the study say that they enjoy increased flexibility at work,” while 52 per cent consider flexible work hours or locations as key requirements, with 25 per cent saying that flexibility remains the top priority if they would start to look for a new job. The survey concluded that it

By Adedapo Adesanya The Naira depreciated against the US Dollar by 3.32 per cent or N24.53 in the Investors and Exporters (I&E) segment of the foreign exchange (FX) market on Thursday, August 31. Pressure mounted on the Nigerian currency yesterday in the official market, weakening its value to N762.71/$1, in contrast to the previous day’s value of N738.18/$1. The supply of forex into the market was shortened during the session, with the value of transactions going down by 49.6 per cent or $84.36 million to $85.79 million from the $170.15 million achieved in the preceding session. Also, in the black

By Dipo Olowookere Renowned Public Relations practitioner, Mr Charles Igbinidu, has left TPT International, a top PR agency firm based in Lagos and owned by upwardly mobile brand strategist, Mr Tokunbo Modupe otherwise known as Toks. Business Post reliably gathered that Mr Igbinidu and TPT International parted ways around last month. According to our findings, Mr Igbinidu has now floated his new PR firm called CFO & Associates. He has also recruited experienced hands to work with him in a bid to stamp his company’s authority in the highly competitive PR and communications world. CFO & Associates, we gathered, is

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has announced its intention to hold its Monetary Policy Committee (MPC) meeting on Monday, November 20, 2017. The meeting, which would be the 259th edition, will take place at the MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja. It will hold for two days and will have in attendance members of the committee. According to a statement issued by the apex bank today, the MPC meeting will take place on Monday, November 20, 2017 by 10am and on Tuesday, November 21, 2017 by 8am. During the meeting, members

By Modupe Gbadeyanka Officer in Charge of the Economic Commission for Africa’s African Climate Policy Center (ACPC), Mr James Murombedzi, has disclosed that Africa will not successfully implement the sustainable development agenda and it’s 50-year development plan, Agenda 2063, if urgent climate actions are not taken now. Speaking ahead of the 7th Climate Change and Development in Africa (CCDA7), which opened in Nairobi on Wednesday, Mr Murombedzi said the continent needs to urgently adopt climate resilient development pathways if it is to survive the adverse impacts of climate change. The CCDA-VII is being organized in partnership with the Kenyan government

By Dipo Olowookere A Disaster Assistance Response Team (DART) would be dispatched to Nigeria by the US Agency for International Development (USAID). Announcing this on Thursday, November 10, 2016, the USAID explained that the team would support government’s efforts to reduce food insecurity in the Boko Haram-affected regions of the country’s northeast. “The U.S. Government is deeply concerned about the humanitarian crisis in northeast Nigeria and the surrounding region. Approximately 9.2 million people are in need of humanitarian assistance,” said Administrator Smith. “With the announcement of the DART, we are acting swiftly to accelerate and expand our humanitarian response in

Otori Emmanuel The idea of networking contributes to the growth and relevance of a startup. We are often familiar with the saying “no man is an island”. Running your business in a solo mode might retain the focus or vision of the business, it can also make progress speedily but it shuts the owner from the real experiences of other business owners. This approach clearly affects business growth. In this article, we would look at how building a solid network can maintain a startup business. Success in business, especially for one just trying to gain traction, is not only dependent