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FCMB Group Plc on Wednesday declared a profit after tax of N8.3bn for the half-year ended June 30, 2015, 13 per cent lower than the N9.576bn it made in the same period last year. Although the group grew its gross earnings by 11 per cent from N69.620bn to N77.353bn in the review period, higher expenses led its profit before tax to dip by 14 per cent from N11.140bn to N9.565bn. FCMB’s financial statements, which it filed with the Nigerian Stock

The controversy over the exit of Unity Bank GMD,Mr Henry Semenitari has continued to be a debate among business executives.Sources however claimed in latest news findings that Semenitari was not sacked,rather he resigned to pursue person interests Click here to read more 

Thousands of Nigerians flock the internet on a daily basis in search of jobs as gaining employment has been quite chore. Despite the explosion of apps, websites and other tools for job applicants seeking to optimize their hunt for employment in Nigeria, many are still unable to

Nnamdi Okonkwo, the MD/Ceo of Fidelity Bank has declared that his bank is positive about gaining more grounds in it business operations. Okonkwo said despite some economic and political issues in the country, the bank was able to record increase in it gross earnings and profits. Read the full details of the financial records of the bank here

Marek Zmyslowski, the co-founder and managing director of Jovago.com, Africa's largest hotel booking portal has provided seed capital as initial investments in Nigeria's first  online retailer of audio books. Marek who is also bringing his extensive experience of over 8 years in the cyber market place will

Benin Republic Prime Minister,  Mr. Lionel Zinsou, Nigeria’s Vice President, Prof. Yemi Osinbajo, Founder, Tony Elumelu Foundation Mr. Tony Elumelu and Kaduna State Governor, Mallam Nasir El-Rufai at the $100 Million Tony Elumelu Entrepreneurship Programme (TEEP) boot camp for 1000 entrepreneurs from 51 countries across Africa, Ota, Ogun State, on Saturday July 11, 2015. As part of Tony Elumelu’s $100 million commitment to empowering African entrepreneurs, 1,000 Tony Elumelu Entrepreneurs, representing 51 African countries from the Tony Elumelu Entrepreneurship Programme (TEEP) Class of 2015, converged near Lagos, Nigeria for an intensive

One of the world's biggest e-commerce companies,Alibaba just announced that it would be a major investor in mei.com. Forbes reported that the company would be investing more than one hundred million dollars into mei.com, a website that

Zumax Nigeria has dragged FCMB to court over improper management of it account and the diversion of N1 Billion,resulting in what it called monumental fraud. There have been amazing revelations in the Lagos State High Court, where FCMB is currently defending allegations that it is responsible for the massive defrauding of a corporate customer.  (The suit no. in the

Managing Director/Chief Executive Officer, Fidelity Bank Plc., Nnamdi Okonkwo has said that the Bank will continue to reward loyal customers to show appreciation for their patronage of the bank’s products. This, Nnamdi Okonkwo said, is to encourage the banking public to benefit from the bank’s numerous products and in line with the Bank’s mission to make financial services easy and accessible Mr. Okonkwo made the statement at the weekend while reacting to the N52m the Bank gave to over 100 customers in the on-going Fidelity Loyalty Savings Scheme. Specifically, Nnamdi Okonkwo said that the Bank is committed in its drive towards excellent service delivery and

CAPE TOWN – Two of Africa’s most prominent foundations – the Nigeria-based Tony Elumelu Foundation and the Oppenheimer family’s Brenthurst Foundation of South Africa – launched an important new book titled “Africans Investing in Africa” on the sidelines of the World Economic Forum Africa meeting in Cape Town. The 338-page book covers a range of important topics critical to Africa’s development. It provides a unique perspective of how Africans are leading the way through intra-African trade and investment, documenting how, where and why Africans invest across the continent.  The book also identifies the economic, political and social experiences that hinder or stimulate

The group managing director of First Bank Plc, Mr. Bisi Onasanya retires after many years of meritorious service. A statement by Folake Ani-Mumuney, FBN Holdings Global Head of Marketing and Corporate Communications, confirmed the latest news. Onasanya is reputed as the architect of modern day First Bank.  Mr. Bisi Onasanya is set to retire at a high point of his career as Group Managing Director/Chief Executive Officer, First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable banking brand, at the successful completion of his tenure.      His retirement takes effect at the end of the current Financial Year on December 31 2015. Mr. Onasanya is retiring on the

Chairman of Heirs Holdings Tony O. Elumelu and Oxford University Dean Peter Tufano at the historic Oxford Union, where Mr. Elumelu delivered a speech on Africapitalism as a Catalyst for Africa's Development at the weekend Oxford, United Kingdom.  African businessman and philanthropist Tony Elumelu has called on business leaders to make decisions that will increase economic and social wealth, and promote development in the communities and nations in which they operate. Mr. Elumelu, the Chairman of Heirs Holdings and the Founder of the Tony Elumelu Foundation, stated this in a closing keynote speech titled, “Africapitalism as a Catalyst for Development in Africa”  delivered

L – R: MD/CEO Unity Bank Plc, Mr. Henry J. Semenitari; Mr. Ade Bajomo, ED, Market Operations & Technology, NSE presenting the gong to the Chairman of the  Board of Directors, Unity Bank Plc., Mr. Thomas Etuh at the presentation of the Facts Behind the Figures by the Bank at the Exchange, recently. L : Managing Director/CEO Unity Bank Plc, Mr. Henry J. Semenitari; Executive Director, Market Operations & Technology, Nigeria Stock Exchange, Mr Ade Bajomo; Chairman,  Unity Bank Plc Mr. Thomas Etuh and Executive Director, Unity Bank Plc, Mrs Aisha Abraham at the presentation of the Facts Behind the Figures by the Bank at the Exchange, recently. L – R: Mr. Haruna Jalo Waziri, Executive Director, Business Development, NSE; Mr. Ade Bajomo, Executive Director,Market Operations & Technology, NSE; Mr. Thomas Etuh and the Managing Director/CEO Unity Bank Plc, Mr. Henry J. Semenitari at the presentation of the Facts Behind the Figures by the Bank at the Exchan

When Meraiah, the beautiful daughter of actress,Omotola Ekehinde told Gistmaster some years ago that she wanted to be a model, she was not joking. Now, it is a reality. Omosexy and her daughter have just been made brand ambassadors for Knorr. Omotola, who is delighted that she got a good deal from the makers of knorr, published photos from

Segun  Agbaje,MD GTBank A High Court of the Federal Capital Territory in Apo, Abuja,  on Monday ordered the Guaranteed Trust Bank Plc to refund N5.3bn illegally withdrawn from the account of one its customers, Dr. Ted Iseghohi Edwards. Justice Valentine Ashi in his judgment ordered that the N5.3bn should attract 10 per cent interest from Monday, when judgment was delivered, till the time the money was paid back to the owner. The court also ordered that the money should attract another 21 per cent interest from December 12, 2014 when GTB illegally withdrew the money, until the fund was eventually paid back to Edwards. The judge, while reviewing the case, in his judgment held that the bank did not have any defence to its action of the withdrawal of the total sum of N5,240,516,186.21 from the customer’s account and thereby ordered the bank to pay the money to the owner through his Zenith Bank Plc account. Edward, a lawyer of Edwards and Partners Law Firm,

Media propaganda against the Director General of the Debt Management Office, Dr. Abraham Nwankwo in an issue involving First Deep Water Discovery Limited and its debtors are actually campaigns sponsored by one of the creditors, Ecobank Nigeria Limited led by the Managing Director, Mr. Jubril Aku to intimidate and blackmail the DG for refusing to play side to any of the parties, no matter how powerful they may be. Further digs revealed that the case is actually a contest involving six parties, including Ecobank against First Deep Water Discovery Limited. Our findings shows that the DG might actually be a victim

  President Goodluck Jonathan's close associate, Kola Adeshina just bought a multimillion Naira mansion in Ikoyi. Adeshina is a Nigerian millionaire and MD of Sahara Power,a major electricity distribution company in Nigeria.    Kola Adeshina (second left) and others   Following the privatization process, Kola Adeshina's Sahara Power acquired Ikeja Electricity Distribution Company, the largest distribution network in the country.Sahara is also in charge of Egbin Power Station, the largest power generation plant in partnership with a Korean company.  The Ikoyi mansion,which according to The Capital is in Osbourne Estate, is a wonder on earth.It is said to have cost him several millions of Naira.   Those who know the cost of property in prime areas in Ikoyi will tell you that if you are not super rich, you should just forget it.

News of the fine imposed on GTBank London operations by British financial regulator turned into 'beer parlour' celebration for those determined to put clog in the wheel of the bank's progress by every means.     The Financial Conduct Authority (FCA) disclosed that between May 2008 and July 2010, GTBank UK had failed to assess potential money-laundering risks, screen customers against sanction lists, establish the purpose of the accounts being opened in their London branch or review the activity of "high risk" accounts. Latest findings show that the sanction by FCA was result of l

Is it the latest fashion or the new national flag? These were some of the questions on the lips of curious Lagosians yesterday, who woke up to the sight of optical Smartphone readable codes better known as barcodes in different areas of the metropolis. The imposing signs appeared everywhere, from shopping malls to school buildings, from billboards to T-shirts, everyone appeared to be rocking a barcode! The barcodes had a mysteriously simple message written below; ‘Scan me for a new attitude’. According to eyewitnesses who scanned the barcode, they were confronted with yet another mysterious message in neon green. It read, ‘DON’T BLEND IN: BE UNIQUE, FIND OUT HOW ON 05: 04: 12’. Feelers reaching us say that this mysterious new message is coming from telecoms giant Etisalat who are planning to unveil yet another innovative package for Nigerians on April 5. The company remains mum about the issue, but there is clearly a lot of buzz at their numerous offices and headquarters situated

Kolawole Oyeyemi-GM consumer services MTN Lynda Saint Nwafor-Chief Technical officer TV Presenter, Aisha Falode Tony Udenze It was to a cheering crowd that Kolawole Oyeyemi, GM Consumer Marketing; MTN Nigeria launched his new book, “Wealth without Theft” at the Grand Ballroom, Eko Hotel and Suites in Victoria Island, Lagos. Guests included top bosses from the telecommunications, advertising, marketing and PR industries. Starting out with a lush cocktail session, guests were treated to an impressive recitation by the poet, Sage and a performance by popular saxophonist; Sax Dude. There was also a surprise documentary on the celebrant made by friends and family. After the book was launched, it was reviewed by Mr. Lolu Akinwunmi (Chairman, APCON and Prima Garnet) and later, different guests said a few words about the author and made private donations to the book. Notable faces at the Saturday, February 18 event include, Mr. Felix Omoikhoje Ohiwerei (Chairman, ARM Funds) who