By Niyi Tabiti Back in the days, Union Bank pay off “Big, Strong,Reliable” was very exciting to the ears.The adverts was shown regularly on television with the logo of a horse.Union bank was always on the top five best banks in Nigeria. However, Gistmaster findings show that Union bank management forgot to consolidate on […]
After publishing the news of Financial council suspension of IBTC directors,Gistmaster got a message from the bank stating their own side of the story. Our attention has been drawn to the media statements by the Financial Reporting Council of Nigeria (FRCN) in which several inaccurate and unseemly allegations were made against Stanbic IBTC Holdings PLC […]
The Financial Reporting Council of Nigeria has suspended the Chairman of Stanbic IBTC Bank Plc, Atedo Peterside; its Managing Director, Sola David-Borha; and two staff of KPMG, Arthur Oginga and Dr. Daru Owei, over accounting irregularities and improper disclosures in Stanbic IBTC’s 2013 and 2014 financial statements. The FRC in a statement on Monday, said […]
Jumia just sacked about 300 staff and that is really no good news to many people who have been following the trend in e-commerce business in Nigeria. Rocket Internet the major investor behind Jumia have not issued a statement on the future of it business in Nigeria. But Gistmaster gathered that Jumia’s office […]
Adeduntan FBN Holdings Plc, the leading and most diversified financial services group in Nigeria, today announced major changes to its leadership team, effective January 1 2016. Mr. Bello Maccido, pioneer Group CEO, FBN Holdings, is leaving his position to become pioneer Chairman of the newly-licenced FBN Merchant Bank Ltd, while Mr. UK Eke (MFR), currently Executive Director, South, […]
Thousands of Nigerians flock the internet on a daily basis in search of jobs as gaining employment has been quite chore. Despite the explosion of apps, websites and other tools for job applicants seeking to optimize their hunt for employment in Nigeria, many are still unable to use the technology available to its fullest potential […]
Marek Zmyslowski, the co-founder and managing director of Jovago.com, Africa’s largest hotel booking portal has provided seed capital as initial investments in Nigeria’s first online retailer of audio books. Marek who is also bringing his extensive experience of over 8 years in the cyber market place will contribute strategic enterprise blueprint to aid the company grow […]
Managing Director/Chief Executive Officer, Fidelity Bank Plc., Nnamdi Okonkwo has said that the Bank will continue to reward loyal customers to show appreciation for their patronage of the bank’s products. This, Nnamdi Okonkwo said, is to encourage the banking public to benefit from the bank’s numerous products and in line with the Bank’s mission to […]
CAPE TOWN – Two of Africa’s most prominent foundations – the Nigeria-based Tony Elumelu Foundation and the Oppenheimer family’s Brenthurst Foundation of South Africa – launched an important new book titled “Africans Investing in Africa” on the sidelines of the World Economic Forum Africa meeting in Cape Town. The 338-page book covers a range of […]
The group managing director of First Bank Plc, Mr. Bisi Onasanya retires after many years of meritorious service. A statement by Folake Ani-Mumuney, FBN Holdings Global Head of Marketing and Corporate Communications, confirmed the latest news. Onasanya is reputed as the architect of modern day First Bank. Mr. Bisi Onasanya is set to retire at […]