The Central Bank of Nigeria (CBN) has introduced Electronic Payment Incentive Scheme (EPIS) to encourage the use of debit cards in line with its cashless policy of the apex bank. Senior Manager Banking and Payment System of the CBN, Mr. Omileye Ifeoluwa disclosed this in Akure, Ondo State in a […]

The shares of Stanbic IBTC Holdings Plc rose for the first time in eight days on Wednesday, a day after the Central Bank of Nigeria defended the group against the allegations levelled against it by the Financial Reporting Council of Nigeria. Shares of the group rose by 4.97 per cent […]

By InvestAdvocate Lagos (INVESTADVOCATE)- Transnational Corporation of Nigeria Plc (Transcorp) on Wednesday said its power subsidiary Transcorp Ughelli Power Plc (Transcorp Power) is owed about N25 billion. “Since privatisation there has been delayed and sometimes partial payment for the electricity generated. This has led to the industry owing Transcorp Power […]