Stanbic IBTC Directors suspended by Financial Council over Irregularities in Financial Statements

Stanbic IBTC Directors suspended by Financial Council over Irregularities in Financial Statements

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 […]

Global Recognition for Nigerian Stock Exchange

Global Recognition for Nigerian Stock Exchange

The Nigerian Stock Exchange’s efforts to at promoting corporate social responsibility and sustainability received boost recently when the bourse was honored with the Best Corporate Social Responsibility Company Award in New York, United States at the African Business Awards.  The African Business Awards, launched in 2008 by African Business magazine, is designed to celebrate excellence […]

Money: OAU makes N200 Million from post UTME

Money: OAU makes N200 Million from post UTME

    Following the introduction of the post-UTME into tertiary institutions in Nigeria, most schools have been making good money off admission seekers. A statement issued the public relations officer of Obafemi Awolowo University,Ile Ife (OAU) shows that no fewer than 27,000 candidates wrote the post  Unified Tertiary Matriculation Examination (UTME).    Findings by Gistmaster […]

FCMB Posts Reduced Profit

FCMB Posts Reduced Profit

FCMB Group Plc on Wednesday declared a profit after tax of N8.3bn for the half-year ended June 30, 2015, 13 per cent lower than the N9.576bn it made in the same period last year. Although the group grew its gross earnings by 11 per cent from N69.620bn to N77.353bn in the review period, higher expenses […]

Fidelity Bank declares increase in gross earnings

Fidelity Bank declares increase in gross earnings

Nnamdi Okonkwo, the MD/Ceo of Fidelity Bank has declared that his bank is positive about gaining more grounds in it business operations. Okonkwo said despite some economic and political issues in the country, the bank was able to record increase in it gross earnings and profits. Read the full details of the financial records of […]

TONY ELUMELU FOUNDATION HOSTS HISTORIC BOOTCAMP FOR 1,000 EMERGING AFRICAN ENTREPRENEURS FROM 51 AFRICAN COUNTRIES IN OTA, NIGERIA

TONY ELUMELU FOUNDATION HOSTS HISTORIC BOOTCAMP FOR 1,000 EMERGING AFRICAN ENTREPRENEURS FROM 51 AFRICAN COUNTRIES IN OTA, NIGERIA

Benin Republic Prime Minister,  Mr. Lionel Zinsou, Nigeria’s Vice President, Prof. Yemi Osinbajo, Founder, Tony Elumelu Foundation Mr. Tony Elumelu and Kaduna State Governor, Mallam Nasir El-Rufai at the $100 Million Tony Elumelu Entrepreneurship Programme (TEEP) boot camp for 1000 entrepreneurs from 51 countries across Africa, Ota, Ogun State, on Saturday July 11, 2015. As […]

Alibaba now major investor in mei.com

Alibaba now major investor in mei.com

One of the world’s biggest e-commerce companies,Alibaba just announced that it would be a major investor in mei.com. Forbes reported that the company would be investing more than one hundred million dollars into mei.com, a website that sells discounted luxury products from Armany,Tiffany Jewelry,Shisedo Cosmetics. Thibault Villet is the founder of Mei.com.Forbes’ Yue Wang disclosed […]

UBA Introduces Simplified Process for BVN Registration

UBA Introduces Simplified Process for BVN Registration

Group Managing Director/CEO, UBA Plc, Mr. Phillips Oduoza and Director, Information Technology, UBA Plc, Mr Rasheed Adegoke during the press launch of the Bank’s simplified solution for  Biometric Verification Numbers (BVN) registration, in Lagos on Monday Lagos, Nigeria.  July 6, 2015. United Bank for Africa (UBA) Plc has introduced a simple, convenient and hassle free process […]

Zumax Nigeria drags FCMB to Court over N1 Bbillion Monumental Fraud

Zumax Nigeria drags FCMB to Court over N1 Bbillion Monumental Fraud

Zumax Nigeria has dragged FCMB to court over improper management of it account and the diversion of N1 Billion,resulting in what it called monumental fraud. There have been amazing revelations in the Lagos State High Court, where FCMB is currently defending allegations that it is responsible for the massive defrauding of a corporate customer.  (The […]

CONTRACT STAFF PROTEST IN PROMASIDOR NIGERIA

CONTRACT STAFF PROTEST IN PROMASIDOR NIGERIA

Keith Richards MD Promisidor Contract staff working with Promasidor in Nigeria yesterday protested what they described as delay in payment of their salaries.  As a result of the protest, the management of Promasidor invited policemen to forestall a break down of law and order, which might lead to damages of the company properties.    Gistmaster […]