Big Business

MTN looks to get banking license for Nigerian unit
Big Business

MTN looks to get banking license for Nigerian unit

South Africa’s MTN Group Limited said it is looking at getting a banking license to further cement its operations in Africa’s largest economy. MTN is Nigeria’s largest mobile carrier. However, the company has drawn the hire of regulators in Nigeria for various infractions and regulatory offences. The chief executive officer […]

S&P downgrades Diamond Bank to CCC+/C’
Big Business

S&P downgrades Diamond Bank to CCC+/C’

Global credit rating agency, S&P Global Ratings said it has lowered its long- and short-term issuer credit ratings on Nigeria-based Diamond Bank Plc. to ‘CCC+/C’ from ‘B-/B’. S&P said it also gave a negative outlook to the bank’s credit rating. In addition, the rating agency said it also lowered its […]

SEC nullifies NEM insurance AGM
Big Business

SEC nullifies NEM insurance AGM

Nigeria’s Security Exchange Commission, SEC, has now been reported to have invalidated the 48th annual general meeting of NEM Insurance. The insurance company held its AGM in June. Sources privy to the SEC directive said all the resolutions reached the meeting were declared null and void. The insurance was also […]

Renmoney appoints Tobi Boshoro as CEO
Big Business

Renmoney appoints Tobi Boshoro as CEO

Nigeria’s unsecured lender, Renmoney, has announced the appointment of Tobi Boshoro as its new chief executive officer. Renmoney said in an official statement that Tobi is armed with a wealth of experience in business strategy, marketing and business development in the fintech sector. Below is her profile: Tobi holds a […]

Commonwealth Bank appoints Jason Yetton as CEO
Big Business

Commonwealth Bank appoints Jason Yetton as CEO

Commonwealth Bank of Australia said through a global and local search, Jason Yetton will be appointed Chief Executive Officer and Andrew Morgan will be appointed Chief Financial Officer of CBA’s wealth management and mortgage broking businesses. These appointments follow CBA’s commitment in June 2018 to the demerger of NewCo, which […]