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Parallex Bank
Parallex Bank Limited is a Nigerian financial services provider that operates as a licensed commercial bank, regulated by the Central Bank of Nigeria, the country's central bank and national banking regulator. In December 2023, Parallex Bank was awarded Reputable Bank of the Year by the Global Reputation Forum in UK for being the first bank and only bank to transit from being a Microfinance to being a Commercial Bank in Nigeria. History 2008 - 2009 Parallex Bank, previously called Parallex Microfinance Bank, was first incorporated in May 2008, and began as a Microfinance Bank. Femi Otenigagbe held the office of MD/CEO from inception till 2019. 2009 - 2013 By March 2012, Parallex Microfinance Bank upgraded from a Unit to a state Microfinance Bank, and by October 2013, it was licensed by the Central Bank of Nigeria to operate at National level, becoming one of the ten National Microfiance Banks in Nigeria in 20 months of operation. 2013 - 2021 After operating for ten years ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Victoria Island, Lagos
Victoria Island (VI) is an affluent area that encompasses a former island of the same name neighbouring Lagos Island, Ikoyi and the Lekki Peninsula by the Lagos Lagoon. It is the main business and finance, financial centre of Lagos State, Nigeria. Victoria Island is one of the most exclusive and expensive areas to reside in Lagos. The town and island lie within the boundaries of the Eti-Osa List of Lagos State local government areas by population, Local Government Area (LGA). History A large part of the Island was originally part of jurisdiction of the Oniru chieftaincy family of Lagos with tenants inhabiting the land. In 1948, the Lagos Executive Development Board paid 250,000 pounds as compensation for the land acquired from the Oniru family and an additional 150,000 pounds as compensation for the inhabitants and shrines destroyed. The inhabitants were later resettled at Maroko, Lagos, Maroko village. Victoria Island was originally surrounded entirely by water. It was border ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lagos State
Lagos State (, ) is a States of Nigeria, state in South West, Nigeria. Of the 36 States of Nigeria, Nigerian states, Lagos is the second List of Nigerian states by population, most populous state but the List of Nigerian states by area, smallest in terms of land mass. Bounded to the south by the Bight of Benin and to the west by the Benin–Nigeria border, international border with Benin for 10 km, Lagos State borders Ogun State to the north for about 283 km, making it the only Nigerian state to border only one other state. Named for the city of Lagos—the List of urban areas in Africa by population, most populous city in Africa—the state was formed from the Western Region, Nigeria, Western Region and the former Federal Capital Territory on 27 May 1967. Geographically, Lagos State is dominated by bodies of water with nearly a quarter of the state's area covered with bodies of water. The largest of these bodies are the Lagos Lagoon, Lagos and Lekki Lagoon, Lekki lagoo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nigeria
Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea in the Atlantic Ocean to the south. It covers an area of . With Demographics of Nigeria, a population of more than 230 million, it is the List of African countries by population, most populous country in Africa, and the List of countries and dependencies by population, world's sixth-most populous country. Nigeria borders Niger in Niger–Nigeria border, the north, Chad in Chad–Nigeria border, the northeast, Cameroon in Cameroon–Nigeria border, the east, and Benin in Benin–Nigeria border, the west. Nigeria is a Federation, federal republic comprising 36 States of Nigeria, states and the Federal Capital Territory, Nigeria, Federal Capital Territory, where its capital, Abuja, is located. The List of Nigerian cities by population, largest city in Nigeria by population is Lagos, one of the largest List of largest cities, metr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adeola Phillips
Adéọlá is both a Yoruba surname and a given name meaning "the crown or royalty of prestige and wealth". Notable people with the name include: Surname * Aderonke Adeola, Nigerian film director, art historian, fashion entrepreneur, script-writer and producer *Fola Adeola (born 1954), Nigerian civil servant * Ogechi Adeola, Nigerian business academic Given name * Adeola Ajayi, Nigerian intelligence officer * Adeola Fayehun (born 1984), Nigerian journalist *Adeola Odutola (1902–1995), Nigerian businessman *Adeola Lanre Runsewe Adeola Lanre Runsewe (born 1 December 1989) is a Nigerian professional footballer who plays as a midfielder for Turkish Cypriot club Baf Ülkü Yurdu. Career On 19 June 2011, Runsewe's contract with HB Køge was turned into a professional one ... (born 1989), Nigerian footballer {{given name, type=both Yoruba given names Yoruba-language surnames ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chairman
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as '' president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terminology Terms for the office and its holder include ''chair'', ''chairman'', ''chairwoman'', ''chairperson'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chair of a parliamentary chamb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Managing Director
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky political controversies. After the end of colonial rule, the desire of the government to become proactive in the development of the economy became visible, especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any show shortfalls, credit allocations to the real sector. The bank became involved in lending directly to consumers, contravening its ori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Banking License
In most legal jurisdictions, a financial institution is required to obtain a banking licence before it is legally permitted to carry on a banking business. Besides other requirements, such a business is not permitted to contain in its name words such as ''bank'', ''insurance'', ''national'', etc, unless it holds an appropriate license. Depending on banking regulations, jurisdictions may offer different types of banking licenses, such as: * full banking licenses for general banking activities, such as taking deposits from the general public * international banking licenses (offshore banking licenses), which prohibits any local business activities * non-banking financial institution (NBFI) is an institution that provides financial services but has to comply with fewer regulations than one with a full banking license. License issuance Licenses are typically issued by a national banking regulator to applicant corporations that meet its banking requirements. The requirements may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Day (Nigeria)
''BusinessDay'', established in 2001, is a daily business newspaper based in Lagos, Nigeria. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily, Saturday and Sunday titles. It circulates in Nigeria and Ghana. Publisher The publisher of ''BusinessDay'', Frank Aigbogun, is a former editor of the ''Vanguard (Nigeria), Vanguard'' newspaper. The editor of the daily paper is Tayo Fagbule. Lolade Akinmurele is the deputy editor, supported by several assistant editors. Temi Bamgbose is the online editor, while the editor of the Sunday title is Zebulon Agomuo. Anthony Osae-Brown, a former editor, was a finalist for Best Business News Story in May 2011, a Diageo Africa Business Reporting Award. Godwin Nnanna, a former assistant editor, has won several international journalism awards including gold and silver medals in UN Foundation Prize for humanitarian and development reporting, and the Elizabeth Neuffer Memorial Prize for written media. The newspaper w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Champion
''The Daily Champion'' is an English language newspaper in Nigeria. The ''Champion'' is privately owned, and is published in Lagos. By March 2011 the Executive Chairman and publisher of Champion Newspapers was Chief Emmanuel Iwuanyanwu. Iwuanyanwu is one of the wealthiest of Igbo people. According to Iyara Esu, Vice-Chancellor of the University of Calabar The University of Calabar is a federal university situated in Calabar, Cross River State, Nigeria. It is one of Nigeria's second-generation federal universities. The University of Calabar was a campus of the University of Nigeria until 1975. ..., the ''Daily Champion'' is "the major paper we have east of the Niger, a paper that is indigenous to our people, that is the voice of people, this part of the country". The ''Daily Champion'' covers a wide variety of news, sports, business and community events. The typical article cites two or more sources, slightly higher than the average for Nigerian newspapers, but the newspap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Headies
The Headies (originally called the Hip Hop World Awards) are honors established in 2006 by ''Hip Hop World Magazine'' to recognize outstanding achievements in the Nigerian music industry. The annual ceremony features performances by established and promising artists. It is broadcast live on HipTV to viewers across Nigeria. The awards' first two editions were held at the Muson Centre, Muson Center in Onikan, Lagos State. Between 2010 and 2012, the awards were held at the Eko Hotel and Suites in Victoria Island (Nigeria), Victoria Island, Lagos. Various media personalities in Nigeria have hosted the ceremony, including Darey, Darey Art Alade, D'banj, Dakore Akande, Dakore Egbuson, Banky W., Rita Dominic, M.I Abaga, M.I, Tiwa Savage and Dr SID. History and plaque The image of The Headies was created by Ayo Animashaun, the founder of the awards, and drawn by Matthias Aragbada. The first Headie plaque was done by Jide Adewoye. It represents the "image and the shout of a young, vibrant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
