All posts by Ifreke Inyang

• 
  Amangbo replaces Emefiele as Zenith Bank’s GMD

  Zenith Bank Plc, the nation’s third-biggest lender by assets, has named long-serving Mr. Peter Amangbo as its new chief executive officer. This came barely one week after its current Group Managing Director/CEO, Mr. Godwin Emefiele, was confirmed...

  • Posted April 2, 2014
  • 0
• 
  FCMB’s profit rises by 12%

  The FCMB Group Plc has reported a 12 per cent rise in its profit before tax for the financial year ended December 31, 2013. The bank’s results released to the Nigerian Stock Exchange on Monday, showed that...

  • Posted April 2, 2014
  • 0
• 
  Country size, threat to broadband plan – Minister

  The large size of the country and getting state governments from different political parties to implement the federal policies on broadband may be major challenges facing the Ministry of Communication Technology and other stakeholders as far as...

  • Posted April 2, 2014
  • 0
• 
  Investors lose N960bn in 3 months as NSE market value drops by 7.3%

  Investors in the Nigerian capital market lost N960 billion between January and March this year. The Nigerian Stock Exchange, NSE, market capitalisation dropped by 7.3 per cent to close at N12.27 trillion last Thursday from N13.23 trillion ...

  • Posted April 1, 2014
  • 1
• 
  Access Bank inaugurates e-Branch

  As part of efforts to promote inclusive banking and the cashless policy, Access Bank Plc has opened a self-service electronic branch in Ikota, Lagos State. The bank said the self-service banking service is its innovative response to...

  • Posted April 1, 2014
  • 0
• 
  CSCS boss explains West African Capital Market Integration

  The Chief Executive Officer, Central Securities Clearing System (CSCS), Mr. Kyari Bukar, has said that the ongoing integration of capital markets in West Africa will create more opportunities for investors in the region. Bukar explained that the...

  • Posted April 1, 2014
  • 0
• 
  We’re ready for Cat-1 – NCAA

  The Nigerian Civil Aviation Authority has reiterated its readiness for the reassessment by the United States’ Federal Aviation Administration of its Category One status slated to commence today (Monday). A statement signed by the Acting Director-General, NCAA,...

  • Posted April 1, 2014
  • 0
• 
  CBN introduces e-Referencing to quicken account opening process

  The Central Bank of Nigeria (CBN) has introduced electronic referencing to quicken process of opening bank accounts. To open current accounts with banks, prospective bank customers are required to provide two referees. This referees must have current...

  • Posted April 1, 2014
  • 0
• 
  Fuel Marketers threaten nationwide strike over shut down of NIPCO

  Some oil marketers on Monday threatened to embark on industrial strike following the shutdown of Nigerian Independent Petroleum Company (NIPCO) by National Union of Petroleum and Natural Gas Workers (NUPENG). NUPENG shutdown the NIPCO facilities on March...

  • Posted April 1, 2014
  • 0
• 
  15% CRR: Banks face increased competition for deposits

  Deposit Money Banks will need to begin aggressive moves to retain private sector customers following the recent increase in Cash Reserve Requirement of private sector deposits by the Central Bank of Nigeria’s Monetary Policy Committee. The MPC...

  • Posted April 1, 2014
  • 0