BUSINESS

LAPO Microfinance Bank limited on Friday announced the appointment of Cynthia Ikponmwosa as the new managing director designate of the premium bank. She succeeds Godwin Ehigiamusoe, founder/CEO, Lift Above Poverty Organisation and LAPO…

Investors have poured almost $400m into payments companies based in Nigeria in the past week, in a sign of how seriously venture capital firms are taking the opportunity to build financial networks across the continent. OPay, the…

The Debt Management Office (DMO) has revealed that Nigeria’s total debt profile reached N25.7 trillion as at June 2019. Patience Oniha, DMO Director-General who made this revelation Friday when she appeared before the House of…

Connected Development (CODE), a Non-Governmental Organisation (NGO) on Thursday said it saved the Federal Government more than N15billion by blocking leakages in funded projects in rural communities. Mr Hamzat Lawal, the Chief…

Anyone that begins a side hustle or facet company has one major reason: earning extra cash during spare time. What else could be why, you may ask. Evidently, you are not as inclined to open a negative hustle if you are already making…

Ibom International Business Fair 2019 is a four (4) day event organized to be one of the biggest and one-of-a-kind fair in Akwa Ibom State, Nigeria. This event presents an excellent opportunity for Akwaibomites at home and in the Diaspora,…

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the sale of treasury bills to individuals and small firms with effect from November 29. Ibom Leak News understands that the apex bank directed…

Nigeria’s Parallel Market Exchange rate is a daily compilation of the price of the Naira against three major currencies in the world. This tracker dates from April 1, 2019. Note: Rates displayed here may be different from rates…

How should you start your investment journey? What comes first? Is personal finance an itemized list? The answer is in the affirmative. Personal Finance is about planning, keeping to that plan, and adjusting if necessary, to meet a…

Sterling Bank Plc posted net interest income growth of N47.53 billion for the third quarter ended Sept. 30, 2019. The net interest income represented a growth of 19.3 per cent when compared with N39.83 billion recorded in the…

Development Bank of Nigeria (DBN) said it disbursed N100 billion loan to over 95, 000 entrepreneurs this year to fast-track growth of Micro, Small and Medium Scale Enterprises (MSMEs) in the country. The Managing Director of the bank,…

The just concluded entrepreneurial summit which attracted attendance from all works of life in and out of Akwa Ibom, The Blow business festival. The “Blow Business Community” is all about having a “Clear Vision” which is Essential…

The Akwa Ibom State Government through the Ministry of Investment and Industry gave recognition to celebrated indigenous entrepreneur and founder of Made In Akwa Ibom Showroom, Mr Collins Oscar last weekend when the Commissioner in…

Kings Flour Mill construction project is located in Mkpok-Okad Village, Onna LGA, Akwa Ibom State, Nigeria. The factory has 4.892m2 of closed area with 47.406m2 of open area. …

Ibom Leak gathered that, Ecobank Nigeria has announced the appointment of key Management Officers across various levels. Among those appointed are Kenneth Okere, who is now the Company Secretary & Chief Legal Counsel; Ibukunoluwa…

The Executive Chairman of Federal Inland Revenue Service (FIRS), Tunde Fowler, on Thursday said the Federal Government has given a 30-day window to high profile tax defaulters to regularise their tax status with FIRS. Fowler, stated…

Financial experts react to FG’s planned increase of VAT to 7.2 percent from five percent Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would further dampen purchasing power of…

Curriculum of studies at the Akwa Ibom state university AKSU is to include Entrepreneurship training for graduates to become employers of labour and not white collar job seekers. Governor Udom Emmanuel announced this while declaring…

I Avoid Luxury Things Because They Are Distraction. Africa’s richest man, Aliko Dangote, a Nigerian from Kano State says he has no time for luxury stuff because they tend to be a distraction. Dangote disclosed this while speaking at the…

CAN I BECOME VERY SUCCESSFUL WITHOUT EDUCATION AND CERTIFICATES? ...If every one in the world was a Catholic, I think Bill Gates would have been declared a patron saint for school dropouts. He is the reference point for being successful…

Union Bank Abak road completely shut down by AKIRS for tax evasion . . Details later ALSO SEE ECOBANK SHUTS DOWN IN UYO