Diamond Bank Promotes 850 Employees

Diamond Bank has announced the promotion of over 850 employees of its workforce who have distinguished themselves in performance and in living the core values of the bank.

According to a statement issued by the bank tuesday, “these members of staff will be part of the talent pipeline in the coming years as they have distinguished themselves at the junior levels and therefore need to be encouraged and developed to take up critical positions in the future.”

BREAKING: Protesting Arik Air workers shut down Lagos operations

The  staff of Arik Air are currently staging a protest at the domestic terminal of the Murtala Muhammed airport over the airline’s failure to pay seven months salary arrears and other anti-labour practices.

The protesters displayed placards containing messages communicating their grievances. The National Union of Air Transport Employees, Air Transport Senior Staff Services Association of Nigeria and the National Association of Aircraft Pilots and Engineers had in a joint statement on Monday ordered its members to commence the strike.

Buhari, Obasanjo to attend South-East Economic and Security Summit

Nigeria’s President, Muhammadu Buhari, and former President, Olusegun Obasnajo, will be leading other eminent personalities and delegates to attend the maiden South-East Economic & Security Summit - SEESS 2016 – holding at the Enugu State Government House, Independence Layout, Enugu on Thursday, 22nd December 2016.

The summit, which is an initiative of the South-East Economic & Security Summit (SEESS) Group - a non-governmental organization made up of top business, military, political, religious and community leaders from Nigeria’s southeast region - is aimed at addressing real issues affecting the peace and development of the southeast, proffering practical solutions and initiating a definitive course of action with pragmatic delineation of roles towards fast-paced economic and secure advancement of the region.

Diamond Bank Maintains Stable Growth in Q3 2016 ...Assets surge to N2.05trn

Diamond Bank on Friday released its Q3 2016 performance scorecard on the floor of the Nigerian Stock Exchange (NSE), showcasing moderate growth in key financial parameters. 

For the nine months under review, the group recorded a growth of 16.9 per cent in total assets, which grew from N1.753 trillion in the same period last year to N2.05 trillion. This was driven mainly by the value of the local currency and growth in customer deposits, which surged 13.6 per cent from N1.233 billion as at the end of September 2015 to N1.401 billion in the current business year, demonstrating the Bank’s strong ability and network to generate cheap deposits from the retail and middle market segments. 

Senate Okays Reintroduction of Tolls on Federal roads

The Senate on Tuesday passed a motion seeking to revive collection of tolls on federal highways across the country.

It said collection of toll, from motorists was the only way to construct and maintain roads and enhance their efficiency.

Brazil Legend Carlos Alberto Dies at 72

Brazil’s 1970 World Cup-winning captain Carlos Alberto has died of a heart attack at the age of 72, former club Santos has announced.

Widely regarded as one of the finest defenders of all time, Carlos Alberto is most fondly remembered for scoring the stunning fourth goal in Brazil’s 4-1 final win over Italy at Mexico 1970.

KPMG Survey Indicates 42% of Customers Use Online Banking Platforms

KPMG Nigeria has developed a retail customer satisfaction survey to improve the growth of banking in Nigeria and other countries in Africa .

The report also showed that 42 per cent of bank customers in Nigeria use online banking platforms to carry out transactions.

The firm explained that the report was part of its drive to chart a solid road map for the sector and stakeholders.

I pledge my service to God and Edo People - Obaseki

The candidate of the All Progressives Congress (APC) in the September 28 Edo Governorship elections, Godwin Nogheghase Obaseki, has promised that he would govern the state with a deep sense of duty to God and the people of Edo when elected into office.

Obaseki, who is a fourth generation Christian of the Anglican faith, made the pledge at the Birthday Ceremony of Pastor Rex omosefe, the Head Pastor of Royal World Ministry, Benin City.

Emir Sanusi, Awosika, Utomi for Banking Sector Report Launch

The Emir of Kano, Muhammadu Sanusi II, Chairman of First Bank of Nigeria, Ibukun Awosika, and renowned Professor of Political Economy, Pat Utomi, will lead other prominent bankers, economists and management experts from within and outside the country to attend the launch of the 2016 Nigerian Banking Sector Report on Wednesday, September 21 at the Muson Centre Onikan, Lagos.

Afrinvest to launch 2016 Banking Sector Report September 21

Ike Chioke

Leading wealth advisory firm, Afrinvest (West Africa) Limited, is set to unveil the 2016 edition of its annual Nigerian Banking Sector Report on Wednesday, 21st September at the Shell Hall, Muson Centre, Onikan, Lagos.

Ike Chioke, Managing Director of Afrinvest, revealed that this year’s report, which is the 11th edition since its inception in 2006, is titled ‘Searching for Investor Confidence.’

According to him, “The 2016 Banking Sector Report chronicles developments within the global and domestic economy in relation to monetary and fiscal policy responses to shocks while also contextualizing the impact of policy decisions on domestic macroeconomic variables.

CBN Provides N1.9bn Loans to 12,405 Farmers

The Central Bank of Nigeria said it provided a total of N1.99bn to 12,405 farmers under its Agricultural Credit Guarantee Scheme during the second quarter of this year.

The ACGS is an initiative of the CBN set up to fast-track the development of the agricultural sector of the economy by providing credit facilities to farmers at a single digit interest rate.

It was aimed at enhancing national food security by increasing food supply and effecting lower agricultural product prices.

Wawrinka stuns Djokovic to clinch US Open

Stan Wawrinka became the oldest US Open men’s champion in 46 years when he defeated world number one Novak Djokovic to claim a third Grand Slam title on Sunday.

Wawrinka, the 31-year-old third seed, triumphed 6-7 (1/7), 6-4, 7-5, 6-3 after almost four hours of high intensity tennis.

Better Days Ahead, Obaseki Assures Edo Citizens, Congratulates Muslims

The governorship candidate of the All Progressives Congress (APC) in the September 28 Edo gubernatorial elections, Godwin Nogheghase Obaseki, while congratulating the Muslim faithful across Nigeria on the Eid-el Kabir celebrations, has assured Edo people of better days ahead.

Obaseki, in his Eid-el kabir message, expressed optimism that Edo State and Nigeria in general will rise above the current economic challenges confronting her, and become a truly prosperous state where every citizen is empowered with opportunity to live life in its fullness.

Edo 2016: APC alleges plot by PDP to unleash mayhem, rig Elections

The All Progressives Congress (APC) in Edo State has raised alarm over an alleged plot by the Peoples’ Democratic Party (PDP) to unleash violence and cause confusion in the state so as to pave way for them to rig the gubernatorial elections scheduled for September 10.

According to a statement released by the party, “no less than 500 militants from Delta are being mobilized to critical areas of Edo State to carry out this evil plan using the waterways. The primary targets are Edo-North using the River Niger to access areas around Agenebode; Edo-South, via the Osse River; and Edo Central, via Ilushi River.”

Diamond Bank Partners FG on IT Innovation Campaign and Start-Ups’ Incubation

L-R: Mark Zuckerberg, CEO, Facebook; Yemi Osibanjo, Vice President, Federal Republic of Nigeria; Adebayo Shittu, Minister of Communication; and Chris Ogbechie, Chairman, Diamond Bank Plc, at the Aso Villa Demo Day Event held in Aso Villa , Abuja recently. 

Diamond Bank has thrown its weight behind the Federal Government in a renewed drive to unlock the huge creative potential of technology Start-Ups in Nigeria and stimulate massive growth and development in the information technology sector.

The project is part of the Bank’s commitment to drive and develop capacity in the IT segment of the economy, and help stimulate creative solutions amongst young IT entrepreneurs in the country.