All posts by BusinessNews Staff

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  FCMB, EMP expand e-business agreement

  Emerging Markets Payments Company has announced the expansion of its e-banking agreement with First City Monument Bank Limited. According to a statement by the bank, since 2010, EMP has been providing FCMB processing services. Under the agreement,...

  • Posted April 22, 2015
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  Sterling Bank’s Q1 profit rises by 25%

  Sterling Bank Plc witnessed a 25 per cent increase in its profit after tax for the first quarter of the 2015, its unaudited results for the period ended March 31, 2015 showed. The results, which the lender...

  • Posted April 22, 2015
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  Addax, Oriental, others announce flow testing of Okwok Marginal Field

  Oriental Energy Resources Ltd (OERL) and its joint venture partners, Afren Energy Resources and Addax Petroleum have announced the completion and flow testing of their first development well, Okwok 13 in the Okwok Marginal Field in Oil...

  • Posted April 22, 2015
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  NSE market indices drop by 0.62 per cent amid profit taking

  Transactions at the Nigerian Stock Exchange (NSE) on Tuesday remained on a downward trend due to profit taking with the market indicators dropping by 0.62 per cent. The News Agency of Nigeria (NAN) reports that the market...

  • Posted April 21, 2015
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  Business backs Nigeria, tasks Buhari on unemployment, economy – Dangote

  President of Dangote Group of Companies and richest man in Africa, Alhaji Aliko Dangote,  has declared that following the successful conduct of the Nigerian elections and the smooth ongoing transition programme, the business community in the country...

  • Posted April 21, 2015
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  Banks should lend more to the agriculture sector – Dashiell

  Deputy Director General, Partnership and Capacity Development, International Institute of Tropical Agriculture (IITA) Dr. Kenton Dashiell, spoke to Goddy Egene on what the institute is doing to improve the lot of farmers and Sterling Bank Plc’s contributions...

  • Posted April 21, 2015
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  CBN to review IT standards in banking sector

  The Central Bank of Nigeria in collaboration with the Information and Technology Standards Council is reviewing the IT standards blueprint in the banking sector. The aim is to align the IT standards in the sector to current...

  • Posted April 21, 2015
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  Stock Market defies profit taking to close higher

  After succumbing to profit taking the previous week, the Nigerian equities market returned to positive territory last week helped by bargain hunters’s drive to take position for possible gain in the last trading day of the week....

  • Posted April 21, 2015
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  World Bank, others commit to accelerate access to finance

  The World Bank Group and a broad coalition of partners – including multilateral agencies, banks, credit unions, card networks, microfinance institutions and telecommunications companies have issued numeric commitments that will help promote financial inclusion and achieve universal...

  • Posted April 21, 2015
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  FG owes construction firms N500bn – FOCI

  The Federation of Construction Industry has expressed concern over the high level of indebtedness in the construction industry, saying its over 100 registered member companies are utilising less than 40 per cent of their staff strength due...

  • Posted April 21, 2015
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