One of the top lenders in the country, Heritage Bank Plc, has reiterated its commitment to the growth and development of Nigeria’s creative industry because it is a major contributor to the country’s Gross Domestic Product (GDP). In an assessment of the industry’s performance done recently, Nollywood defied recession and had grossed an amazing N1…
Thanks to changing lifestyles and the ubiquity of mobile phones, the number of people across Nigeria using mobile banking is rising exponentially. This is creating the opportunity to turn my vision of a cardless Nigeria into a reality. By 2020 there will be 200 million smartphone connections in Africa (Guardian). In Nigeria, there are more…
It’s almost impossible these days to keep a small business running with money from your own pocket. To meet up with financial commitments, entrepreneurs usually approach their banks for loans and it is rejected. As such, Jumia Travel, the leading online travel agency shares reasons you may not be granted your business loan request. Lack…
The ongoing Diamond Xtraordinary wins promotion by Diamond Bank has produced 22 more millionaires, reaffirming the bank’s resolve to reward its loyal customers. A unique feature of the DiamondXtra Season 9 campaign, the Diamond Xtraordinary Wins offer has produced more than 1,500 winners including 10 customers who won N500,000 each, 300 customers who won N10,000…
In the second quarter of this year, Stanbic IBTC, a member of Standard Bank Group, facilitated a staggering $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria. The Nigerian Bureau of Statistics (NBS), in its Capital Importation Q2 2017 Report, stated that Stanbic IBTC accounted for…
The financial statements released by Guinness Nigeria Plc revealed that the company increased its revenue by 23 percent in the full year ended June 30, 2017. The results, which were released to the Nigerian Stock Exchange (NSE), also showed a gross profit of N48.3 billion which is 16 percent higher versus the previous year and…
Banking abroad is more than just using your card at an ATM or using Point of Sale. So, when you travel abroad and you want to perform any transaction, you must know how to avoid paying bank fees, eliminate foreign transaction charges, and get a good exchange rate. If you do not, you will discover…
Heritage Bank Plc has denied reports that its Managing Director, Ifie Sekibo, and other members of staff of the bank were involved in a fraud to the tune of N13 billion in connivance with officials of the Oyo State government. In a statement issued on Sunday to refute the story published by Punch newspaper, Heritage…
The Pan African financial institution, United Bank for Africa (UBA) Plc has announced its audited half year financial results ended June 30, 2017, showing remarkable performance across major metrics. UBA grew its gross earnings for the period by 34.5 percent to N222.7 billion, as against N165.6 billion reported in June 2016. This impressive performance, which reflects the strong…
The Nigerian military has been applauded for their zeal and commitment towards ensuring the protection of Nigeria’s territorial integrity and the fight against insurgency in some parts of the country. The Chairman of Heirs Holdings, Mr. Tony O. Elumelu gave the commendation while delivering a lecture on Tuesday at the Armed – -Forces Command and…