Wema Bank Equip Teenagers With Relevant Digital Skills

By Aduragbemi Omiyale Despite the challenging operating environment characterised by the Naira redesign policy and the foreign exchange (FX) unification policy of the Central Bank of Nigeria (CBN), Zenith Bank Plc showed why it is one of the strongest lenders in the country. Analysis of its financial statements for the first six months of 2023 showed that its gross earnings surged by 139 per cent to N967.3 billion from the N404.8 billion achieved in the same period of last year. It was observed from the results filed to the Nigerian Exchange (NGX) Limited on Monday that this triple-digit growth in

By Adedapo Adesanya The African Export-Import Bank (Afreximbank) recorded a 107.1 per cent growth in total interest income to $1.1 billion for the half-year of 2023 versus $540.8 million in the same period of 2022. This was contained in the consolidated financial statements of the bank and its subsidiaries for the half year ended 30 June 2023, which demonstrates a strong and resilient performance, which was ahead of expectations due to global headwinds. The growth in its total interest income came as a result of increased volume of interest-earning assets, particularly loans and advances and higher interest rates. Afreximbank Group’s

By Dipo Olowookere The Chairman of the Board of Directors of Citibank Nigeria, Mr Yemi Cardoso, has been nominated to serve as the new Governor of the Central Bank of Nigeria (CBN). The renowned stockbroker and investment banker was picked for the position by President Bola Tinubu, according to a statement issued on Friday by the Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale. He would be screened by the Senate, and on confirmation; he will take over from the acting CBN Governor, Mr Folashodun Shonubi, for a term of five years at the first instance.

By Dipo Olowookere Schools have been urged to choose Ecobank Nigeria Limited as their preferred financial institution for fee payments and collections because of the exciting advantages the lender offers. The Head of Consumer Banking at Ecobank, Mrs Korede Demola-Adeniyi, made this appeal while rolling out the special loan packages designed by the bank for its back-to-school initiatives. Mrs Demola-Adeniyi said the financial institution created some packages for parents, guardians and schools in line with its overall strategy to support the development of the nation’s education sector. According to her, there is a Banking-for-School pack for educational institutions to access

By Modupe Gbadeyanka The fifth edition of the quarterly business forum set up by the presidency has been slated to hold on Monday, September 11, 2017. Mr Laolu Akande, spokesman of the Vice President, Mr Yemi Osinbajo, said in a statement on Friday that the event will take place at the Old Banquet Hall, State House, Abuja, by 10am. Since inception, the forum has held four times, assessing the progress made by the present administration in implementing its economic agenda. The forum was established to provide an opportunity for the Economic Management Team to interact with members of the organized

By Ashemiriogwa Emmanuel The Nigerian Export Promotion Council (NEPC) has tasked exporters in the country to explore e-commerce to boost Nigeria’s non-oil export sector and reach global markets. The Regional Coordinator, South West, NEPC, Mr Samuel Oyeyipo, made the call while speaking at a sensitization workshop organized by the agency in Lagos themed Earn Dollars by Selling on Amazon. Speaking on the situation caused by the global pandemic on Nigerian export businesses, Mr Oyeyipo cited that conditions have necessitated exporters to think out of the box to ensure continuity in their businesses. He explained that taking advantage of e-commerce would

By Adedapo Adesanya The Director General of Nigeria Employers Consultative Association (NECA), Mr Wale Smatt-Oyerinde, has faulted the plans of the federal government to distribute N5 billion to states and the Federal Capital Territory (FCT) over its lack of transparency. Recall that Business Post reported on Thursday, August 17, that President Bola Tinubu approved the allocation of N5 billion to each state, including the FCT, as palliatives to cushion the effects of the removal of the petrol subsidy. According to the FG, 52 per cent of the funds were given to the state governments as grants, while 48 per cent

By Modupe Gbadeyanka The need for government, organisations and individuals to articulate programmes that would encourage and support kids who are talented in different sports has been emphasised. Popular actor and member of the Lagos State House of Assembly, Desmond Elliot, said this would go a long way to making the society a better place. Mr Elliot, who was at the closing ceremony of this year’s Cowbell Football Academy Summer Camp held at the National Stadium, Surulere, Lagos penultimate Saturday, commended Promasidor for its commitment towards developing young sports talents, calling on other private sector players to emulate the company

By Dipo Olowookere Governor Okezie Ikpeazu of Abia State has confirmed that men of the Nigerian Army have agreed to withdraw from the streets of Aba and Umuahia in the state on Friday following the tension created by their presence. At a press conference on Thursday, September 14, 2017, Mr Ikpeazu noted that he will have a meeting with President Muhammadu Buhari on the Operation Python Dance II exercise of the Nigerian Army in the South East region. The military started the operation recently following threats being posed by members of the Indigenous People of Biafra (IPOB) and their leader,

By Investors Hub European shares have extended recent gains on Tuesday as investors brushed aside trade worries and looked ahead to a strong quarterly earnings season. While the U.K.?s FTSE 100 Index has inched up by 0.1 percent, the German DAX Index is up by 0.3 percent and the French CAC 40 Index is up by 0.4 percent. British social care services firm Cambian has soared after receiving a takeover approach from rival CareTech Holdings Plc. German windpower group Nordex has jumped on bagging a 595 megawatt wind turbine order in Brazil. Petrofac has also risen in London. The oil

By Adedapo Adesanya The National Population Commission (NPC) has inaugurated the Population Advisory Group (PAG) to drive the implementation of the Revised National Population Policy (NPP) to improve the quality of life and standard of living of everyone in Nigeria. This is as Nigeria is expected to be among the set of countries to drive population growth in the next few years. The Executive Chairman, NPC, Mr Nasir Kwarra, tasked the members to support the National Council on Population Management (NCPM) to drive the implementation of the Revised National Population Policy. “The PAG is a laudable group saddled with the

By Adedapo Adesanya Oil prices soared on Thursday as fears of a Russia-Ukraine conflict that could disrupt energy supply to Europe, resulting in the Brent crude rising by 38 cents or 0.43 per cent to $89.70 per barrel. Also, the price of the United States West Texas Intermediate (WTI) crude appreciated during the session by 46 cents or 0.50 per cent to sell at $87.04 per barrel. The tension between Russia and the West over Ukraine lent the heaviest support as the standoff continues to fester, maintaining a fear premium in the oil complex over a potential disruption of Russian