BUSINESS

CBN Defers Cashless Policy Charges for States, Till October

The Central Bank of Nigeria has deferred the implementation of Cashless Policy charges on lodgments and withdrawals in Federal Capital Territory (Abuja), Abia, Anambra, Kano, Ogun and Rivers States so as to allow customers adjust to the new policy. The

Stanbic IBTC Bank: Get a New iPad, Pay in Installments

Stanbic IBTC Bank and Core Group Africa, have partnered to give account holders the opportunity to purchase Apple iPad and pay in installments. Core Group Africa is Apple’s official distributor for Nigeria and they are willing to allow account holders

Konga.com Opens Pick-up Centres in Surulere, Ikeja and Victoria Island

Leading up to its first anniversary, Nigeria’s E-commerce firm, Konga has launched pick-up centers in Lagos areas of Surulere, Ikeja and Victoria Island, to give shoppers a place to collect orders, should timing for home or office delivery be inconvenient

Taking on PlayStation and XBox, Google is Working on Android Game Console, Report Says

Google is working on an Android Game Console, the Wall Street Journal has reported. It says, “Google Inc. is developing a videogame console and wristwatch powered by its Android operating system, according to people familiar with the matter, as the

BusinessDay Annual Mobile Money Roundtable 2013: Making Mobile Money Work in Nigeria

According to its Maya Declaration the Central Bank of Nigeria (CBN) has committed to reducing “the percentage of adult Nigerians that are excluded from financial services from the current 46.3% (39.2 million adult Nigerians) to 20% by the year 2020.”

BusinessDay Annual Retail Conference 2013: How Policy Can Shape Retail Business in Nigeria

There is no doubt that the Nigerian consumers psyche and habits are changing. People are beginning to move up the social ladder, desiring better lives and improved living conditions. They are now more aware, getting wiser and sophisticated to the

The 2013 BusinessDay Conference on AgriBusiness and Food Security

Agriculture is the economic mainstay of most households in Nigeria and is a significant sector in Nigeria’s economy. The important benefits of the agricultural sector to Nigeria’s economy, the government/public sector and the private sector, cannot be over-emphasized. Therefore as

What You Ought To Know About Colours And Communication

Colour is Nature’s own powerful indication system, a widespread, non-verbal language. Colour is an influential and significant communication tool, and it has a strong attachment to cultural, political, religious and social power. It is the first thing we register when

3 Viable Business Opportunities in Lagos

This June, Lagos became the largest megalopolis in Africa with a teeming population of about twenty two million people. Even as the development could raise more concerns for town and development planners, trade and commerce would continue to present enormous

In August, FUTA Will Hold First Motor Show in Akure

The Federal University of Technology Akure, has announced that it would host the first motor show in Akure between, August 20 and 26, within its premises. The show, according Lead organizer, Enoch Ajayi, “will bring together automobile franchise holders, manufacturers,

Abraaj Group Acquires Majority Shareholding in Fan Milk International

One of Denmark’s international success stories, Fan Milk International A/S, is seeing a change of ownership. The Emborg family from Aalborg, who are the majority shareholders, have together with the private equity fund Maj Invest Equity and the management, entered

FXTM MARKET UPDATE: USD Strength Spurs Currency Wars

The market has experienced substantial volatility in the past few days on the back of Federal Reserve Chairman Ben Bernanke’s statement last week that the Fed intends to taper economic stimulus later this year. Although he has not said when

Handling the Rude Boss

By Peace Pessu Should I “take” ‘em? Or should I wait? She has been an employee of the company for seven months, had only started working with the new boss for two months and she already feels like wearing a

FCMB Made N72.6 Billion in 2012

First City Monument Bank, FCMB at its 30thAnnual General Meeting, disclosed its 2012 financials, submitting that revenue grew by 48% between 2011 and 2012 from N49.2 billion to N72.6 billion respectively. It made a profit after tax (PAT) of N15.29

Cashless Payment in Nigeria is Growing, CBN Says

The Deputy Governor (Operations) of the Central Bank of Nigeria, CBN, Tunde Lemo, during a speech at a conference in Lagos – themed, Transiting to a Cashless Society: Charting the Way Forward – revealed that cashless banking transactions in Nigeria

Ecobank Nigeria Made $743 Million in 2012

Ecobank Nigeria, an arm of ECOBANK Transnational Incorporated (ETI), made $743 million in revenue in the 2012 financial year. This figure was the most, of $1.9 billion made by the entire group, with operations in other West African countries including

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