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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...

By Bamidele Ogunwusi, Lagos   The Central Bank of Nigeria (CBN) has set aside about N252 billion as credit to support businesses owned by women in the country. The CBN said the facility was dedicated to Small and Medium-scale Enterprises, noting that it would deepen and increase access to credit and reduce the high cost of funds for women-owned businesses across...

By Bamidele Ogunwusi –  Lagos   This is certainly not the best of tine for companies within the fast moving consumer goods sector as they have recorded decline in profits as economic pressures continue to grow. Unilever Nigeria, Nigerian Breweries and other companies appear to cringe under the weight of the economic pressures experienced within the first half...

The FBN Money Market Fund managed by FBN Capital Asset Management, has retained its Agusto & Co fund risk rating of ‘Aa(f)’. Funds with this rating are considered to have minimal to low risk of investment loss due to net asset value volatility. The fund has consistently showed high performance yields and offers 13.24% (yield as at July 24th 2015). According to...

Despite the tough operating business environment, Diamond Bank’s half year (H1) results demonstrated its ability to sustain growth in the top lines. Accordingly, the bank posted a 6% year on year growth in gross revenue from N96.8 billion in H1 2014 to N103.0 billion in the six months period ended June 30, 2015. This is as reported in the Bank’s Unaudited H1 Results...

By Bamidele Ogunwusi / Lagos   The calls for the listing of multinational oil and gas companies and telecoms giants on the floor of The Nigerian...

By Bamidele Ogunwusi,  Lagos   Private companies across Ghana will benefit from a new lending programme by Access Bank backed by EUR 15 million from the European Investment Bank. This is the first engagement between Access Bank and the European Union’s long-term lending institution under a wider initiative to support private investment in the country and further...

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 sector,...

In furtherance of the cordial relationship between the company and its shareholders, management of Vitafoam Nigeria Plc has said that it will continue to put the interest of the company and its shareholders first. The management said its current strategic expansion will deliver sustainable value to its shareholders, even as it will increase Returns on Investment (ROI)...

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, Financial Derivatives...