As the controversy over the introduction of non-interest (Islamic) banking rages, three experts, Professor Pat Utomi, Dr. Kingsley Muoghalu and Ismail Rawdan in separate analysis of the issue, argue that the banking model has the potential to ma...
One of the several approaches to build brand equity is from the consumer based perspective. The key objective is to explore creative avenues to consistently engage the consumers. This is done by having positive associations in the mind of the consu...
The credit monitoring climate in Nigeria is set to improve significantly as commercial banks are turning to credible credit bureau for their services. CR Services (Credit Bureau) Plc, a credit bureau company in Nigeria, said this week that it has ...
On April 4, 2011 an investment fund advised by Citi Venture Capital International (CVCI) completed an investment in Zenith Bank Plc. The transaction involved a purchase of shares from existing shareholders. CVCI was established in 2001 as part of C...
The Africa Finance Corporation (AFC) has formalised a strategic partnership with the Infrastructure Development Finance Company Limited (IDFC), through the signing of a Memorandum of Understanding (MoU) between the AFC and IDFC Capital Limited (IDF...
The direct cost of cash to the financial system may balloon to nearly N200 billion next year, unless efforts are made to reduce cash transactions in the economy. The cost was less than N50 billion in 2008. Director, currency operations department o...
The Central Bank of Nigeria needs to urgently resolve outstanding issues in the financial sector so that the sector can actively play its intermediation role in the economy. The chairman of UAC Nigeria Plc, Udoma Udoma, at the company’s annual genera...
The number of people with Internet access in Nigeria could triple over the next two years, mirroring the explosion in mobile phone usage in Africa’s most populous nation, an industry executive said on Wednesday. Funke Opeke, chief executive of the Ma...
A new subsidy regime for the electricity sector would come into operation next year, as part of efforts to step up electricity generation and improve distribution nationwide. Bolanle Onagoruwa, director general of the Bureau for Public Enterprises, w...
The holidays are almost here. With all the excitement of deciding where to go and what to do, it is so easy to overspend. Whilst we don't want you to be a scrooge, here are a few ways to manage your holiday finances and still have lots of fun. Plan ...
Namibian state-owned mining company, Epangelo Mining, will not commit itself to a fixed share in future joint ventures with mining firms, managing director, Eliphas Hawala, told Reuters in an interview on Wednesday. Mining minister, Isak Katali, made international headlines last month when he said certain minerals, including uranium, would be declared strategic and their future mining would fall under Epangelo.…
Tanzania’s state-run power company announced on Wednesday daily 16-hour power cuts for a week starting from Thursday, due to an expected shortfall of up to 350 megawatts on the national grid. The Tanzania Electric Supply Company said gold mines, factories and other major energy users had agreed to cut down power consumption during the week-long blackouts. East Africa’s second largest…
Zambia will decide on oil and gas exploration licences for about 14 blocks in the next two months, as petroleum prospecting interest in the copper miner increases, a senior government official said on Wednesday. Zambia last year started issuing oil and gas exploration licences to local and foreign companies in a bid to become an energy producer, after it passed…
Cement dealers and block makers in the Federal Capital Territory on Wednesday lauded the Federal Government’s intervention to bring down the high cost of cement within 30 days. A cross section of cement dealers and block makers who spoke in separate interviews with the News Agency of Nigeria in Abuja said they were very happy with the development. Cynthia Ndubisi,…
The Kogi State Property and Investment Company Ltd (KOPIC) says it has secured a N1.7 billion loan to build 350 housing units in Lokoja, the state capital. Its Sole Administrator, Moses Okino, said on Wednesday in Lokoja that the loan was sourced from the Federal Mortgage Bank of Nigeria. Mr Okino said that vast land had already been acquired for…