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Sterling Bank minimizes operational risk as growth spurts

Sterling Bank minimizes operational risk as growth spurts

Background Sterling Bank Plc is a full-service national commercial bank. The Bank, formerly known as…

Diamond Bank, Medical Credit Fund to provide loans for private primary Healthcare Providers

Diamond Bank, Medical Credit Fund to provide loans for private primary Healthcare Providers

Nigerians can now look forward to improved medical care as Diamond Bank Plc has signed…

Novartis, GSK trade assets worth $20 bn as pharma industry reshapes

Novartis, GSK trade assets worth $20 bn as pharma industry reshapes

Novartis and GlaxoSmithKline traded over $20 billion (11 billion pounds) worth of assets, aimed at…

amsung and Hellofood partnership: food delivery app available on all Galaxy S5 devices in Nigeria

amsung and Hellofood partnership: food delivery app available on all Galaxy S5 devices in Nigeria

Online food ordering service Hellofood.com, which is founded by Africa Internet Holding (AIH), announced a…

Angola sovereign wealth fund starts hotel, infrastructure pools

Angola sovereign wealth fund starts hotel, infrastructure pools

The Fundo Soberano de Angola, the $5 billion sovereign wealth fund of Africa’s second-largest oil…

African Sign expo gets APCON boost

African Sign expo gets APCON boost

The much anticipated first international African Outdoor Advertising Sign Expo Lagos which is scheduled for June…

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Multimedia

  • BusinessDay sits with Zuriel Oduwole
  • INTERVIEW: Bunmi Lawson, Managing Director ACCION Microfinance Bank Limited
  • INTERVIEW: Otunba Bimbola Ashiru; Honorable Commisioner, Ministry of Commerce & Industry Ogun State.
  • INTERVIEW:Olubunmi Adefisayo Research Associate Leap Africa
  • INTERVIEW: Joachim Adenusi CEO Conrad Clark Nigeria – YouTube
  • INTERVIEW:Friday Okpara- Head Public-Private Partnership SMEDAN
  • INTERVIEW:Yvonne Isiche ED Keystone Bank
  • Businessday Conference – Identifying, Understanding & Managing Risks in SMEs
  • By the numbers: NIS Recruitment Disaster
  • Finally a Second Niger Bridge
  • INTERVIEW: Ayodele Joseph, Chairman Apapa LGA
  • INTERVIEW: Participants at the BD Competitive Strategy Master Class
  • INTERVIEW: Hal Gregersen, Professor of Innovation and Leadership, INSEAD
  • INTERVIEW: Frank Aigbogun at BD Competitive Strategy Master Class 2014

10 exploration prospects identified in Nigeria, says CAMAC Energy

In addition to its development wells offshore Nigeria, United States-based CAMAC Energy Inc. says it has identified 10 exploration prospects and 12 leads in the country, and has currently high-graded three prospects containing unrisked prospective resources in excess of 200 million barrels of oil each. The company, which explores for oil and gas mostly in…

10 exploration prospects identified in Nigeria, says CAMAC Energy

Petroleum Product Marketing Companies’ revenue fell by N53 billion in 9 months of 2013

The nine months of 2013 unaudited results re¬leased by Nigerian Stock Exchange and made available to BusinessDay Research and Intelligent Unit (BRIU) shows that the turnover of six out of the seven quoted petroleum products marketing companies fell by N53 bil¬lon or 6 percent.These companies include Oando Plc; Total Nigeria Plc; Mobil Oil Nige¬ria Plc;…

Petroleum Product Marketing Companies’ revenue fell by N53 billion in 9 months of 2013

Li Shufu: An engineer with a mind for poetry and motion

Li Shufu guffaws. The Chinese billionaire – viewed by some as his country’s answer to Henry Ford – executed one of corporate China’s most daring overseas raids when he bought Volvo Cars in 2010 from Ford. But the chairman of Zhejiang Geely as well as Volvo made his start in business in much more humble…

Li Shufu: An engineer with a mind for poetry and motion

Treasury auction 4-1/2 times oversubscribed

A Nigerian short-term debt sale was 4-1/2 times oversubscribed by local pension funds and foreign investors on Wednesday, driving yields down across maturities, dealers said. Nigeria received N680.14 billion ($4.21 billion) in subscriptions for Treasury bills ranging from 3-month to one-year maturities. It had aimed to raise N150.61 billion ($932 million) and the heavy demand…

Treasury auction 4-1/2 times oversubscribed

Telcos bank on digital content growth to offset falling voice revenue

Telecommunications companies in Nigeria, Africa’s largest economy, are hopeful that the recent foray into digital content development as a viable means of driving broadband usage amongst subscribers will offset the steady decline in voice revenue, industry insiders have said. Voice service pricing has taken a huge blow in recent times as a result of intense…

Telcos bank on digital content growth to offset falling voice revenue

Columnists

Markets

Zenith, Unity record pre-tax profit increase in Q1

Zenith, Unity record pre-tax profit increase in Q1

In separate filings on the Nigerian Stock Exchange (NSE) on Thursday, Zenith and Unity banks declared increases in pretax profit for the first quarter (Q1). Zenith Bank said its first-quarter pretax profit rose to N28.91 billion ($179 million), up from…

Treasury auction 4-1/2 times oversubscribed

Treasury auction 4-1/2 times oversubscribed

A Nigerian short-term debt sale was 4-1/2 times oversubscribed by local pension funds and foreign…

Strong corporate governance drives Wema Bank’s profit Q1

Strong corporate governance drives Wema Bank’s profit Q1

Wema Bank Plc has posted a profit before tax of N590.7 million in its first…

Banks and installing anti-skimming devices on ATM terminals… how far?

Banks and installing anti-skimming devices on ATM terminals… how far?

It will not be a surprise to see a bank or banks keep mute over…

Intelligence

Eco-friendly building: How feasible in Nigeria?

Eco-friendly building: How feasible in Nigeria?

Ordinarily, the idea of green building would have been strange in our largely traditional and…

Indigenous participation critical to oil, gas industry growth

Indigenous participation critical to oil, gas industry growth

The panel of discussants on the issue was led by Scott Aitken, the Co-CEO of…

Ethical responsibilities of the board of directors

Ethical responsibilities of the board of directors

A leader takes people where they want to go. A great leader takes people where…

Fidelity Bank’s dwindling performance highlights restructuring urgencies

Fidelity Bank’s dwindling performance highlights restructuring urgencies

Background Incorporated in 1987, as a private limited company with a merchant banking licence, Fidelity Bank has since evolved to become a publicly listed financial institution aspiring to be a top tier Nigerian bank through organic and inorganic means. In…

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