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Editorial  Business Hallmark, Monday,  August 1

On November 8, 2016 Americans elected Donald Trump as their 45th president.  By the time you’re reading this, Mr. Trump would have named all his nominees for leadership of various government departments. More...

| Published 1 month ago
protest

SWEAT, TEARS, ANGUISH: The MMM Crash

  It was a day of reckoning of sorts, participants in the scheme who had before now waved away every warning by government agencies More...

sanusi

Sanusi rocks the boat

… calls for reduction in debt service, cautions against China By Okey Onyenweaku With the economy spiralling into what seems to be More...

kenny-uzoka

UBA maintaining a winning edge in hard times

  Okey Onyenweaku As markets strain against a gagging recession local banks have devised ingenious ways of staying in business. More...

Charles Kie

Ecobank, Chinese companies on collision course over unremitted sale proceeds

  FUNSHO OLOJO Two Chinese companies, Ningbo  Cgas Valve company Limited and Hangzhou Tianlong Steel Cylinder Company Limited, More...

Stakeholders lament thriving corruption, low revenue in Customs

By FUNSHO OLOJO In August, 2015, when President Mohammed Buhari announced the appointment of Col. Hameed Ali (ertd) as the Comptroller More...

chris-ngige-1

High unemployment signposts deeper economic woes

  FELIX OLOYEDE A rising unemployment rate estimated at 19 per cent up from 13.3 per cent at the end of the second quarter of More...

bdc-3

Rising withdrawals worsen banks’ liquidity

OKEY ONYENWEAKU Jitters have gripped Nigerian Banks over current lack of liquidity which has pervaded the financial industry. This, More...

unity

Banks face fresh capital challenges

  … CBN May intervene in Unity Bank Okey Onyenweaku Fears have emerged that Nigerian Banks may be heading for systemic distress, More...

NICON Insurance, micro finance banks sign MoU to boost Nigeria’s business frontiers

insurance-coverage

  NICON Insurance has signed a memorandum of Understanding with the National Association of Micro Finance Banks (NAMFB) in order to stem the harsh effects of economic recession More...

Lloyd’s threat: Anxiety as AON struggles to save Nigerian airlines

lloyds

There is unease among domestic airlines in Nigeria following a threat by Lloyd’s of London, the world’s leading insurance market, to blacklist them over irregular More...

Ports get harmonised support portal

nigerian-ports-authority-21

  Maritime activities closed last Friday with the Nigerian Ports Authority (NPA) saying the nation’s ports are ready to absorb increase in imported vehicles expected More...

sanusi

Group cautions Sanusi over attacks on Buhari

  A pro-democracy group based in Kano, the Coalition for Democratic Norms (CODEM), has cautioned the Emir of Kano, Sanusi Lamido Sanusi, to desist from his incessant attacks More...

Ugwuanyi’s fate hangs in the balance as Appeal Court fails to decide

The protracted legal tussle between the Enugu State governor, Hon. Ifeanyi Ugwuanyi and former senator representing Enugu North senatorial zone, Ayogu Eze is poised to last longer More...

Nigerians lament economic hardship, high cost of living

Lagos-begging

These are not the best of times for Nigerians especially those whose incomes are fixed. Their N18, 000 minimum wage can barely More...

Nigerian youths commend lawmaker on Naija Green Card initiative

passport-1

Students of tertiary institutions across the nation and the National Youth Service Corps members have commended More...

money market business hallmark Nigerians to celebrate bleak Christmas

  Many who spoke to Business Hallmark noted that the incessant hike in the prices of...

banire Domestic violence: Lawyer calls for training of health personnel

A legal practitioner, Muiz Banire (SAN), has called for more training for health workers in responding...

death Abuse of paracetamol can kill you or your kidney, liver

Overuse of Paracetamol, an analgesic- drug used to relieve pains and fever can kill the kidney,...

NICON Insurance, micro finance banks sign MoU to boost Nigeria’s business frontiers

insurance-coverage

  NICON Insurance has signed a memorandum of Understanding with the National Association of Micro Finance More...

Lloyd’s threat: Anxiety as AON struggles to save Nigerian airlines

There is unease among domestic airlines in Nigeria following a threat by Lloyd’s of London, the world’s leading insurance market, to..

NDIC, CBN set up committee to study digital currency

  The Managing Director, Nigeria Deposit Insurance Commission (NDIC), Alhaji Umaru Ibrahim, has said that the commission and CBN had set..

Experts demand proper use of tourism funds

nigerian-carnival-2013

  Stakeholders in the tourism sector have urged the Federal Government to ensure that allocations meant More...

Fidelity Bank grows revenue by eight percent

Fidelity Bank grows revenue by eight percent …offers N4.6bn as dividend payout In an unpalatable operating environment, Fidelity Bank Plc has..

Minister suspends airport officials, orders probe into Turkish Airlines fiasco

The Minister of State for Aviation, Sen. Hadi Sirika, has ordered the suspension of three top officials of Nnamdi Azikiwe International..
Analysis

How to revitalize your brand

When a brand gets to maturity stage and nothing is done to rejuvenate it, once it enters the decline stage, it..
Murtala-Muhammed-International-Airport

Cartel hiked aviation fuel to defraud Nigerians — Airlines

The Airline Operators of Nigeria (AON) has blamed scarcity and persistent increase in the price of aviation fuel on a powerful..
Sunday Oliseh

Super Eagles coach, Sunday Oliseh, announces resignation…, His resignation is good riddance to bad rubbish — NFF

  Super Eagles coach, Sunday Oliseh, announces resignation .            His resignation is good riddance to bad..

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  • NICON Insurance, micro finance banks sign MoU to boost Nigeria’s business frontiers

      NICON Insurance has signed a memorandum of Understanding with the National Association of Micro Finance Banks (NAMFB) in order to stem the harsh effects of economic recession on small scale businesses in the country. The pact, sealed by NICON with the umbrella micro finance body, composed of 978 members, is said to be targeted […]

  • Lloyd’s threat: Anxiety as AON struggles to save Nigerian airlines

    There is unease among domestic airlines in Nigeria following a threat by Lloyd’s of London, the world’s leading insurance market, to blacklist them over irregular payment of premiums. This is another unfortunate consequence of a biting economic recession Nigeria is currently undergoing which has among other things thrown the nation into acute shortage of foreign […]

  • Ports get harmonised support portal

      Maritime activities closed last Friday with the Nigerian Ports Authority (NPA) saying the nation’s ports are ready to absorb increase in imported vehicles expected from government’s ban on importation of vehicles through land borders. The Managing Director of NPA, Ms Hadiza Usman, gave the indication in Lagos to mark her 100 days in office. […]

  • NDIC, CBN set up committee to study digital currency

      The Managing Director, Nigeria Deposit Insurance Commission (NDIC), Alhaji Umaru Ibrahim, has said that the commission and CBN had set up a committee to look into the trending “digital currency, ‘Bitcoin’. Ibrahim said this at the ongoing 2016 Workshop for Financial Correspondents in Kaduna. The theme of the workshop is “Economic Recession and the […]

  • Rice smuggling thrives in spite of ban

      The smuggling of rice through the land borders has continued to thrive in Badagry area of Lagos State in spite of the Federal Government’s ban on the practice. Markets along Badagry Expressway close to Seme border, are stocked with various varieties of smuggled rice, especially as the Christmas season approaches. A smuggler, who identified […]

  • Ugwuanyi’s fate hangs in the balance as Appeal Court fails to decide

    The protracted legal tussle between the Enugu State governor, Hon. Ifeanyi Ugwuanyi and former senator representing Enugu North senatorial zone, Ayogu Eze is poised to last longer than anticipated as the Appeal Court sitting in Abuja and presided over by Justice Tinuade Akomolafe-Wilson last week Thursday, reserved judgment on an appeal filed by Eze seeking […]

  • Hallmarknews Backpage

    On November 8, 2016 Americans elected Donald Trump as their 45th president.  By the time you’re reading this, Mr. Trump would have named all his nominees for leadership of various government departments. The president-elect, who will be inaugurated on January 20, 2017, has not only unveiled the lineup of his cabinet, he has also specified […]

  • Union Bank: The stallion reawakens

      After a half century era of dominance of the local banking system up until the mid-1980’s, the bank has gradually seen its relative market disappear. Nevertheless, in the last two years, the institution has regained lost vigour and begun to sprint at an impressive pace with gross earnings and operating margins growing aggressively. In […]

  • Nigerians to celebrate bleak Christmas

      Many who spoke to Business Hallmark noted that the incessant hike in the prices of household goods, especially foodstuffs which have pushed inflation rate to about 20 per cent, has made it very difficult for them to shop for Christmas. Rice which many serve during the Yuletide celebration, which was sold for between N9,000 […]

  • SWEAT, TEARS, ANGUISH: The MMM Crash

      It was a day of reckoning of sorts, participants in the scheme who had before now waved away every warning by government agencies and professional financial analysts as an unnecessary intrusion suddenly realized that they should have listened after all. There were tales of despair, anxiety, fear and hopelessness. There were those who had […]

  • Sanusi rocks the boat

    … calls for reduction in debt service, cautions against China By Okey Onyenweaku With the economy spiralling into what seems to be an unstoppable recession, the first in over twenty years, two central bank chiefs, one a former head of the institution and the other the serving boss have gone into combat mode, as both […]

  • UBA maintaining a winning edge in hard times

      Okey Onyenweaku As markets strain against a gagging recession local banks have devised ingenious ways of staying in business. While a number of domestic money centre institutions have resorted to a variety of internal cost containment measures such as increasing the use of automated service provision, Pan African Banking Group, UBA, has opted to […]

  • Ecobank, Chinese companies on collision course over unremitted sale proceeds

      FUNSHO OLOJO Two Chinese companies, Ningbo  Cgas Valve company Limited and Hangzhou Tianlong Steel Cylinder Company Limited, are set to declare an international trade dispute with Ecobank Nigeria over an alleged non- remittance by the bank of $112,166.00 (N52,718.020) being an accrued sales proceeds from goods sold to a Nigerian importer, Mr Ejimofor Chinweze […]

  • Stakeholders lament thriving corruption, low revenue in Customs

    By FUNSHO OLOJO In August, 2015, when President Mohammed Buhari announced the appointment of Col. Hameed Ali (ertd) as the Comptroller –General of Nigeria Customs Service, industry stakeholders were divided in their opinions on the propriety of such appointment. While majority of the stakeholders, mainly Customs brokers, who were grief-stricken by the sudden turn of […]

  • Against the odds: The amazing success story of GT Bank

    Okey Onyenweaku Pushing back against a worsening economic recession, GT Bank Nigeria’s most highly capitalised financial institution has managed to sustain strong operating earnings. It’s Profit after tax (PAT) for the third quarter of 2016 rose by 59.6% rising from N75.2b in 2015 to N119.9b in 2016. The upward flip in earnings bucked a downward […]

  • High unemployment signposts deeper economic woes

      FELIX OLOYEDE A rising unemployment rate estimated at 19 per cent up from 13.3 per cent at the end of the second quarter of the year is raising concerns amongst policy makers and analysts alike that the federal government’s efforts at reviving the national economy is hitting a brick wall. A number of economists […]

  • Rising withdrawals worsen banks’ liquidity

    OKEY ONYENWEAKU Jitters have gripped Nigerian Banks over current lack of liquidity which has pervaded the financial industry. This, industry analysts, believe could worsen the already existing mountain of challenges facing the struggling Deposit Money Banks, especially presently. BH investigations revealed that many banks may be finding it difficult to meet their financial obligations to […]


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