All posts by BusinessNews Staff

• 
  Ecobank records N20bn profit after tax

  …Shareholders to receive 33% increase in dividend Shareholders of Ecobank Transnational Incorporated, the parent company of the Ecobank Group, will receive a 33 percent increase in dividend payments this year following a resolution approved at the group’s...

  • Posted July 6, 2011
  • 0
• 
  Nigeria to become Africa Headquarters For Tech Mahindra to Develop BPO Operations

  Lagos, July 04, Tech Mahindra, a global systems integrator and business transformation consulting has made the decision to shower Nigeria as the Africa headquarters. This decision was taken on the eve of its second year of BPO...

  • Posted July 4, 2011
  • 0
• 
  Commissioning of the IPP Funded by Fidelity Bank

  The Lagos State Governor, Babatunde Raji Fashola, commissioned the 10megawatts Island Power Plant (IPP), built by ENCON Plc, a subsidiary of NEGRIS. Fidelity bank had the singular honour of financing the Project. The IPP is very important...

  • Posted June 29, 2011
  • 0
• Ecobank and Bharti Airtel join forces to promote mobile banking across Africa

  Ecobank Transnational Incorporated (“Ecobank”), the leading pan-African banking group, and Bharti Airtel (“Airtel”), a leading global telecommunications company, have signed a Memorandum of Understanding (“MOU”) to promote mobile banking services across Africa. Under the terms of the...

  • Posted June 23, 2011
  • 0
• GTBank completes Migration of Customers to New CBN Numbering Format (NUBAN)

  In accordance with CBN’s recent directive that Nigerian Banks should migrate all customer account Numbers to the new 10-digit Nigerian Uniform Bank Account Number (NUBAN) format by July 2011, Guaranty Trust Bank has fully complied with the...

  • Posted June 14, 2011
  • 0
• CBN APPOINTS EXECUTIVE DIRECTORS FOR THREE BANKS

  The Central Bank of Nigeria wishes to announce the appointment of new Executive Directors for Bank PHB, Spring Bank Plc and Equitorial Trust Bank Limited respectively. This follows the removal of the CEO’s of the affected banks...

  • Posted May 27, 2011
  • 0
• 
  Bears Stunt Stock Market

  THE month of April witnessed the firm grip of the stock market by the bears. Though the bulls made spirited effort to come up the stage, their victory was transient, as the bears sooner upturned them and...

  • Posted May 1, 2011
  • 0
• 
  As Ikhazoboh Vacates NSE’s Management…

  PERHAPS, the atmosphere at the Conference Room of the Nigerian Stock Exchange (NSE) on Thursday afternoon could be described as stimulated congeniality. Sitting behind the new helmsman of the foremost investment platform, Oscar Onyema, an elated Emmanuel Ikhazoboh,...

  • Posted May 1, 2011
  • 0
• Operators seek $500m lifeline from FG to procure ships

  Indigenous Ship Owners Association of Nigeria says it is seeking a lifeline of $500m (N75bn) from the Federal Government to procure ships. The General Secretary of ISAN, Capt. Niyi Labinjo, told the News Agency of Nigeria in...

  • Posted May 1, 2011
  • 0
• Banking industry’s deposit liabilities hit N9.9tn — Report

  The total deposit liabilities of the 24 Deposit Money Banks as at December 31, 2009 stood at N9.99tn. The amount, when compared with the N8.7tn collected in 2008, represented an increase of N1.29tn or 14.83 per cent....

  • Posted May 1, 2011
  • 0