Telcos, Oil& Gas Listing Will Deepen Capital Market – Sotubo

Mr. Dele Sotubo is the Chief Executive Officer (CEO) of Stanbic IBTC Stockbrokers. In this interview with journalists, he discusses critical issues in the capital market and the company’s efforts in attracting interest in the market. Our Correspondent, Bamidele Ogunwusi was there. Excerpts: There have been agitations for multinational oil and gas companies and telecoms […]

ATM cards

BVN: Sterling Bank Deploys Solutions To Upload From Other Banks

Sterling Bank Plc has successfully deployed an innovative solution to enable customers who had previously enrolled for their Bank Verification Number (BVN) with other banks to upload same on its platform via their mobile phones. With this development, customers are now able to seamlessly comply with the regulatory requirement on BVN and save themselves the […]

CBN Appoints Inspectors To Ensure Export Of Quality Products

By Sola Alabadan,  Lagos   As part of efforts to ensure that only goods with acceptable quality are exported from Nigeria, the Central Bank of Nigeria (CBN) has appointed two additional Pre-shipment Inspection Agents (PIAs) for non-oil exports. Director, Trade and Exchange Department, Olakanmi Gbadamosi, in a circular to dealers and operators in the non-oil […]

Report Says High Inflation Will Drag Stock Prices Down

Financial analysts at Financial Derivatives Companies (FDC) Limited have expressed fear that higher inflation will further lead to decline in stock prices considering the fact that the National Bureau of Statistics (NBS) pegged official inflation rate for June 2015 at 9.2 per cent. In its latest edition of its Economic Bulletin, the Chief Executive Officer, […]

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Sovereign Trust: Still Grappling With Operating Costs

By Bamidele Ogunwusi  – Lagos   The ‘No Premium No Cover’ policy, which was introduced by the National Insurance Commission (NAICOM) to deepen insurance penetration and improve premium of insurers and bottom line seems not to have any significant impact in the insurance sector. Bamidele Ogunwusi examines the company’s financials. The insurance sector has found itself […]

Zenith Bank Bags Three BSI Certifications

The British Standards Institution (BSI) last week gave three distinguished certification awards to Zenith Bank. The bank thus became the first company in Nigeria to achieve this feat. The bank achieved the BSI certifications for Information Security Management System ISO/IEC 27001:20013, IT Service Management System ISO/IEC 20000-1:2011 and Business Continuity Management System, ISO 22301:2012. In […]

SEC Insists On BGL, Okumagba’s Suspension

Stories by Bamidele Ogunwusi Lagos Facts are daily emerging on the lingering controversy between the Securities and Exchange Commission (SEC) and BGL Group Plc. SEC, according to investigation by Daily Independent, received over 40 letters of investor complaints against BGL Group alleging indebtedness to the tune of about N5.8 billion. Investigations were conducted and all-parties […]

Ecobank Supports Entrepreneurs, As Shareholders Elect New Directors

By Bamidele Ogunwusi and  Akinwunmi King   In line with its corporate disposition to sustainable women empowerment, Ecobank Nigeria is partnering Women’s Entrepreneurship Day (WED) on the hosting of this year Women of West Africa Entrepreneurship (WOWe) Festival. WOWe Festival 2015 with the theme ‘Vision to Reality’ slated for June 25 and 26 will provide […]