Sterling Bank to seek for non-interest banking license – CEO

The outgoing Managing Director/Chief Executive Officer of the Sterling Bank Plc, Mr. Yemi Adeola, has revealed plans for the bank to seek a license for a stand-alone Non-Interest Bank (NIB) as soon as possible. Speaking at a visit to the Nigeria Deposit Insurance Corporation (NDIC)  management in Abuja, Adeola said the decision was informed by […]

Stocks: Market capitalisation sets new record at N14.18tr

The Nigerian Stock Exchange (NSE) market capitalisation yesterday hit a new record of N14.18 trillion at the end of the trading day. Equities market closed on a positive note as investors gained N330 billion from N37 stocks that recorded gains. This is the first time the market reaches this level. The closest to this was […]

Kamfanin Apple ya nemi afuwar abokan huldarsa

Hakkin mallakar hotoGETTY IMAGESImage captionWayar salula samfurin iPhone na da farin jini musamman tsakanin matasa Kamfanin Apple da ya yi fice wajen samar da wayoyin zamani na komai da ruwanka, ya nemi afuwar abokan huldarsa kan gwangen da ya yi kan wayar iPhone rage saurin wasu tsofaffin wayoyin da gangan. Masu hulda da kamfanin sun […]

Zenith Bank, UBA, Others Pay N499bn on income tax expenses

Zenith Bank, UBA, Others Pay N499bn On Income Tax Expenses Seven Systematicaly Important Banks (SIBs) of the Central Bank of Nigeria (CBN) have paid N499 billion on income tax expenses between 2011 and 2016 Financial institutions under the category of SIB include Zenith Bank Plc, Access Bank Plc, Guaranty Trust Bank Plc (GTBank), parent company of FBN […]

Nigeria Spends $3.2bn On Importation Of Palm Oil In 10yrs

By YUSUF BABALOLA, Lagos Nigeria has imported palm oil worth over $3.2billion in the last ten years, LEADERSHIP can authoritatively report. Findings by LEADERSHIP revealed that the nation imported a cumulative 4,760,000 tonnes of palm oil from 2007 to November, 2017. Palm oil, hitherto one of the nation’s major foreign exchange earners in the early 1960s […]

Bitcoin breaks $10,000 mark

Bitcoin hits over $10,000 in value Virtual currency Bitcoin continued its stratospheric rise on Wednesday, breaking  through the $10,000 barrier for the first and sparking fears of an imminent bubble. The virtual currency hit a high of $10,379 in Asia, according to Bloomberg News, more than 10 times higher than its value at the start […]

Mystery buyer pays $36m for Aluko’s New York penthouse

Aluko’s penthouse in Manhattan New York: sold to mystery buyer for $36m A yet-to-be identified  buyer has paid $36million for the luxury penthouse at the One57 tower in New York formerly owned by wanted  Nigerian oilman Kola Aluko. Quoting Bloomberg,  Curbed reported that the 79th floor apartment was sold at a  foreclosure auction. Kola Aluko: Penthouse sold at […]

My three key plans: Cement, then oil – then Arsenal FC – Dangote

Billionaire businessman Aliko Dangote in this interview with Francine Lacqua of Bloomberg Markets, says he chooses to make daring moves that others would shy away from. He also speaks on future investment plans. You’ve made billions in cement-something humans have produced for thousands of years. What did you figure out? I think actually what I […]

BOI disburses funds to over 1,000 Plateau women

The Bank of Industry (BoI) has disbursed loan facilities ranging from N10,000 to N50,000 to over 1,000 women entrepreneurs in Plateau State, under the Government Enterprise and Empowerment Programme (GEEP). Tagged the  MarketMoni Alert, the  initiative is one of the Federal Government’s social intervention programmes aimed at helping micro enterprise operators in the country bridge […]