30 results
- 2 Jul 2017
Fraudsters Steal N16.5Bn from Nigerian Banks
Nigerian banks lost some N16.5 billion in 31,736 fraud cases between January 2014 and December 2016, according to Punch which quoted figures it obtained from the Central Bank of Nigeria (CBN). The…
- 31 May 2014
GTBank Launches E-Commerce Portal for Nigerian SMEs
Guaranty Trust Bank (GTBank) Plc, Africa's Bank of the Year, as part of measures to empower Nigerian Small and Medium Enterprises (SMEs), has launched first e-commerce portal for different…
- 18 Feb 2026
BoI Secures CBN’s Approval for Non-interest Banking Operation
Bank of Industry (BOI) has received approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window. Theodora Amechi, bank’s divisional head, Public Relations, said the…
- 22 Jun 2016
Exploiting Economic Potentials of the Nigerian Aviation Industry
The aviation industry is a catalyst for socio-economic development anywhere! It provides the fastest and safest means of transportation of persons and cargo within and between countries thereby…
- 2 Jul 2026
BoI, NBCC Sign MoU to Deepen Bilateral Trade, Industrial Growth and Investment
The Bank of Industry (BoI), Nigeria's foremost Development Finance Institution (DFI), has signed a landmark Memorandum of Understanding (MoU) with the Nigerian Belgian Chamber of Commerce (NBCC),…
- 18 Jan 2022
Konga Represents Stretch Factor in Nigerian e-commerce – Ibukun Awosika
Mrs. Ibukun Awosika, a serial entrepreneur and former Chairman, First Bank of Nigeria Plc., has hailed Konga, Nigeria’s leading composite e-commerce giant as a stretch factor that has taken on and…
- 4 Apr 2018
Nigerian Women Entrepreneurs Urged To Embrace E-Commerce
Nigerian women entrepreneurs have been urged to embrace e-commerce to grow their businesses. Mr. Ahmed Kagara, the South West Regional Head of Bank of Industry (BoI) Nigeria, on Tuesday gave the…
- 28 Jul 2020
Nigerians, Firms Owe Banks N1.2Trillion- NBS
Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central Bank of Nigeria (CBN). Godwin Emefiele, governor, CBN This amounted to about 6.4 per…
- 10 Oct 2016
50 Nigerian “Big Men” Owe Banks N5.2Trn
Central Bank of Nigeria’s (CBN) Financial System Stability (FSS) report has revealed that 50 customers owe commercial banks the sum of N5.23 trillion, representing 33.4 per cent of the total private…
- 1 Dec 2021
Wema Bank Hosts Webinar to Empower Nigerian SMEs
Nigeria’s innovative bank, Wema Bank Plc., has further shown its commitment to the growth and development of Nigerian Small and Medium Enterprises (SMEs) with a webinar on Thursday, 2nd of December,…
- 1 Apr 2024
NACCIMA Plans Consultations Over Bank Recapitalization
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture is taking a cautious and analytical approach to the Central Bank of Nigeria’s new guidelines on the recapitalisation…
- 9 Jun 2025
Union Bank’s alpher Initiative Empowers SMEs, Strengthens Nigerian Economy
Union Bank of Nigeria has reiterated its commitment to entrepreneurship and women’s empowerment through its alpher initiative by sponsoring the Nigerian British Chamber of Commerce (NBCC) Women and…
- 19 Jul 2010
LCCI Proposes Recapitalisation Guidelines for Rescued Banks
Lagos Chamber of Commerce and Industry (LCCI) has proposed guidelines for recapitalisation for the banks recently rescued by the Central Bank of Nigeria (CBN). LCCI second quarterly report released…
- 19 Jul 2010
Third BOI Board of Directors Inaugurated
The Federal Ministry for Commerce and Industry has inaugurated the third Board of Directors of the Bank of Industry (BOI) Limited towards priming the bank for the strategic role it has to play in the…
- 2 Jun 2014
What GTBank Tends To Achieve with MarketHub for Nigerian SMEs
Guaranty Trust Bank (GTBank) Plc, Africa's Bank of the Year, as part of measures to empower Nigerian Small and Medium Enterprises (SMEs), launched first e-commerce portal for different…
- 4 Jul 2015
Jovago Says Hospitality Industry 2.4% Expected Benefits e-Commerce
Industrial activity in the nation’s travel and tourism sector is set to rise exponentially as fiscal remits stack for a 2.4 percent increase before the end of the last quarter of 2015. Jovago.com…
- 11 Jan 2010
Nigerians Trust Phones More than Banks-Study
Preliminary findings from a mobile perception survey have shown that Nigerians trust mobile phones more than banking institutions and suggested that mass banking through the mobile is imminent in the…
- 8 Apr 2021
Jumia, Others Inaugurate e-commerce Sectoral Group under LCCI to Grow Private Enterprises
Jumia and other e-commerce players within the Nigerian tech ecosystem have inaugurated an e-commerce sectoral group under the banners of the Lagos Chamber of Commerce and Industry (LCCI). Meanwhile,…
- 15 Jan 2026
Paystack Buys Microfinance Bank, Enters Nigeria Banking Arena
Paystack, the Nigerian fintech company backed by global payments giant Stripe, has made a strategic entry into the regulated banking space in Nigeria with the acquisition of Ladder Microfinance Bank,…
- 16 Nov 2021
LITF Lauds UBA’s Contribution to Growth of African Economies
Lagos Chamber of Commerce and Industry (LCCI) has commended Africa’s global bank, United Bank for Africa (UBA) for its contribution to infrastructure development and growth of trade in the 19…
- 6 Sept 2012
Help! Music is Dying, Musicians Beg FG for Funds
The Nigerian Music Industry Coalition has called on President Goodluck Jonathan to give immediate marching orders to the managers of the Entertainment Industry Intervention Fund to take urgent steps…
- 14 Jan 2022
Parallex Bank Makes History as First to Transit from Microfinance to Commercial Bank
With groundbreaking value-drivers, prominent financial institution Parallex Bank has become the latest entrant into the commercial banking industry in Nigeria. Having launched on Friday, January 14,…
- 15 Jul 2013
JUMIA Gathers Industry Heavyweights to Discuss e-Commerce in Nigeria
Mrs. Omobola Johnson, minister for Communications Technology has addressed the possibilities that lay in the new technological developments and said that eCommerce and ICT are the engine of growth.…
- 11 Jan 2022
E-commerce Showing Huge Contribution to Nigeria's Economic Direction
The e-commerce section of the Nigerian digital economy holds immense potential for the overall growth of the economy. With 58 online marketplaces in the Nigerian e-commerce space, the contribution of…
- 4 Jul 2019
Experts Urge Exporters to Use ICT to Boost Business
Amb. Ayoola Olukanni, director-general, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) on Wednesday urged exporters to utilise Information and Communications…
- 25 Nov 2024
NACCIMA Warns Against Arbitrary Taxation on Businesses
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has expressed concerns over the long-term implications of arbitrary taxation on businesses and the nation’s economy.…
- 17 Jan 2021
U.S.-Based Nigerian Billionaire Inches Close to Purchase of Fidelity Bank
Dr Oluleye Adigun, a U.S.-based Nigerian billionaire, has revealed ongoing effort to invest N3 billion ($6.8 million) in Fidelity Bank through shares acquisition. Adigun said that the acquisition was…
- 23 Mar 2017
Banks’ Problems to Persist- Fitch
Nigerian banks will continue to face challenges this year, following an extremely difficult 2016, according to Fitch Ratings. Fitch Ratings.explained that banks faced multiple threats from the…
- 18 Feb 2017
Manufacturers Accuse Banks of Forex Racketeering
Nigerian manufacturers have accused commercial banks in the country of engaging in foreign exchange racketeering, which has been fuelled by acute shortage of hard currency in the economy, according…
- 17 Oct 2015
Stakeholders at Shea Conference Discuss $3.8Bn Nigeria Export Potentials
Stakeholders at Shea Conference organised by Shea Origin, US Aid and Bank of Industry in Abuja recently have highlighted the $3.8billion export potential of the Nigerian Shea industry.‎ The…