Umuchinemere Pro-credit Micro Finance Bank (UPMFB), owned by the Catholic Diocese of Enugu has disclosed that it gave out N263,680,000 micro credit fund to a total of 3,860 poor people in the diocese in 2011. It said the gesture was in line...
Guaranty Trust Bank Limited has acquired the licence to issue MasterCard debit cards in its Ghana subsidiary, GTBank (Ghana) Ltd. With this launch, the bank has rolled o...
The Nigerian Stock Exchange at the weekend announced the revocation of Licences of 10 dealing member firms just as it declared 48 and 27 others inactive and unactivated respectively as at February 10, 2012. This was contained in a Circular number BDR/C...
Unlike some of the markets in other climes, since the beginning of the economic meltdown in the mid 2008, the Nigerian capital market is yet to regain its confidence due to the loss suffered by the investors and the inability of the market regulators t...
The Nigerian Stock Exchange continued on a negative trajectory at the close of the trading weekend as most blue chip companies joined the league losers resulting in the NSE All-Share Index depreciating by 254.01 points or 1.2 per cent ...
First City Monument Bank said on Friday it has completed the acquisition of rescued lender Finbank, which it said would double its branch network and customer base. FCMB shares were up almost four per cent on Friday at N4.10 per share. The mid-size len...
Union Bank of Nigeria Plc has, again, retained its position as the Best Performing Bank in Nigeria under the Central Bank of Nigeria - managed Agricultural Credit Guarantee Scheme Fund ( ACGSF); making it the 5th time the bank is winning the award sinc...
The Cashless policy, an initiative of the Central Bank of Nigeria (CBN) and the 24 deposit money banks, aimed at encouraging electronic transactions and reducing the amount of physical cash in circulation has been given a push by Interswitch with the a...
Some people die while they live but others, though they are no more, live in the hearts of those who they touched writes PEMBI STEPHEN-DAVID. Dantata & Sawoe has lost a visionary and passionate chair, and the world has lost an amazing human being....
America’s Nimitz-class aircraft carriers are powered by two small on-board pressurised water reactors (IPWR), which drive the ship’s four steam turbines that not only power four five-bladed propellers, but also generate electricity to power...
As aviation stakeholders make a case for the promulgation of a Fly Nigeria Act, Nkem osuagwu takes a look at what it means for the industry and posits that indigenous airlines have to work towards upgrading their service offerings to be able to benefit...
Nurudeen Rafindadi, is the Chief Executive Officer of Afri Project Consortium, a multi disciplinary consulting firm and national President of Association of Consulting Engineers of Nigeria. The frontline engineer that identifies problems of engineering...
The world last week, once again, stood up against the dangerous traditional practice of: Female Genital Mutilation, FGM. The United Nations Organisation UNO, set aside every February 6th as the International Day of Zero Tolerance to Female Genita...
Going by the transformation agenda of the present administration, experts are of the view that the major target should be at improving the living standard of those at the grassroot. The President/Founder of Growing Business Foundation (GBF), Dr. Ndidi ...
For many years now, fishing, particularly in Nigeria’s Niger Delta region, has suffered a terrible setback because of the hostile activities of the oil companies in the area. GABRIEL EWEPU writes on this development. It was common sight to behol...