Access Bank Plc has launched a new mobile banking application called AccessMore app. According to the bank, the new app comes with amazing features and innovative banking experience. Speaking on the application, Access bank CEO, Herbert Wigwe, said; “In a period like this, when we need to be more present and relevant in the lives … Read more
Crude oil prices rose above $30 on Friday after indications that oil-producing partners of the Organisation of Petroleum Exporting Countries, also known as OPEC+, would hold a meeting on Monday, TheCable reports. Donald Trump, president of the United States, had said a production cut as high as 15 million barrels may be implemented. He, however, … Read more
The Bank of Industry (BoI) has recorded a profit of N39.33 billion for the 2019 financial year. The bank said in a statement that it disbursed N234 billion to 10,145 enterprises, thus facilitating the creating of an estimated 1 million direct and indirect jobs. The group’s total equity, it said stood at N293.09 billion showing … Read more
In view of the coronavirus pandemic altering socio-economic activities around the world and as part of the on-going efforts to mitigate the effect on businesses and taxpayers, the Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of Annual Returns for Individual taxpayers including self-employed persons for two (2) months from April … Read more
4G LTE broadband service provider, Smile Nigeria, has enjoined Nigerians to strive to be safe by observing safety precautions against COVID-19. To this end, the company has created data free access to websites for everyone, on its network, to have easy access to up-to-date information on the pandemic. The websites are: http://covid19.ncdc.gov.ng/ and https://www.who.int/health-topics/coronavirus READ … Read more
Ekohotblog gathered that Owigs and Obigs Nig Ltd, an indigenous Nigerian company has dragged Zenith Bank Plc to Court of Appeal over a failed international deal worth N23.2bn. A report on PaparazziPressNig.com said Owigs and Obigs had some time in 2014 appointed Zenith bank as the Confirming Bank in conformity with international trade protocol known … Read more
In furtherance of the President’s lockdown directive on Lagos, Ogun, and Abuja, Banks in these states have started sending messages to the customers that they will extend their closing hour till 6pm on Monday and open back on 13th April 2020. Recall that President Buhari in his address on Sunday evening, ordered the restriction of … Read more
As part of a robust effort to combat the deadly Coronavirus outbreak in Nigeria, the management of Keystone Bank today announced the donation of N1 billion for the purchase of relief materials, critical care facilities and protective gear to contain the spread of the virus. The pledge was made during the Bankers’ Committee meeting held … Read more
A global shortage of condoms is oncoming as the world’s largest manufacturer was forced to shut down production due to the coronavirus pandemic. Goh Miah Kiat, the Chief Executive of Karex Bhd, the Malaysian company that makes one in every five condoms globally told Reuters about his fears of an impending global shortage of condoms. “We are … Read more
In the wake of the ongoing coronavirus pandemic, several organizations as part of their social responsibility have engaged one form of education or the other on the virus. One of such is MTN, a mobile network provider in the Nigeria telecommunication space who has deemed it fit to promote advocacy in this direction. Her recent … Read more
Union Bank of Nigeria (UBN) Plc has donated $130,000 or N50 million to tackle the spread of the Coronavirus pandemic in Nigeria. The donation was made into a fund set up by 54gene, an African genomics research, services and development company working closely with the Nigeria Centre for Disease Control (NCDC) to fight the Covid-19 … Read more
Fidelity Bank on Thursday revealed that one of its staff who returned from a holiday in the United Kingdom has tested positive for coronavirus. The bank noted that the individual had embarked on self-isolation upon his arrival in the country in line with its policy that mandates staff/family members who have travelled overseas in recent … Read more
FBNInsurance bags Best Life Insurance Company in Nigeria at the World Finance Global Insurance Award, World Finance Magazine reports. The spotlighted firms, according to the magazine, are transforming the global insurance sector, with their use of technology and their desire to have a relationship with their customers; one that would be long-lasting. The Managing Director/CEO … Read more
The management of Nigerian National Petroleum Corporation (NNPC) has directed all office-based workers below management cadre across all its formations to work from home with effect from today. It said it is in compliance with the Federal Government’s directive on the COVID -19. In a statement, its Group General Manager, Group Public Affairs Division, Dr. … Read more
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 13.5 per cent. CBN Governor, Godwin Emefiele, announced the decision of the Monetary Policy Committee (MPC) after the two-day meeting which held at the apex bank’s headquarters in Abuja. According to Emefiele, all members of the committee had agreed to retain … Read more
The Nigerian Stock Exchange (NSE) says trading activities will be suspended due to the recent confirmed cases of COVID-19 in the country. In a statement on Monday, the NSE noted that with effect from Wednesday, March 25, 2020, all its trading floors will be temporarily closed, while remote trading will continue. It adds that NSE … Read more
Nigeria’s Public Relations firm, Mediacraft Associates, has directed all its staff to begin working from home in view of the raging Coronavirus pandemic. The measure was taken as a result of rising COVID-19 cases in Nigeria, Mediacraft Associates is 2019 LaPriga ‘PR Agency of the Year’, The directive means that members of staff will now work … Read more
The Nigerian Stock Exchange Equity trading ended on a negative note last week amid the spread of the global pandemic, COVID-19, in the country. The NSE All-Share Index and market capitalization both depreciated by 2.35% to close last week at 22,198.43 basis points and N11.568tn respectively. According to the weekly analytic report, All other indices … Read more
United Bank for Africa (UBA Plc), Transcorp and all affiliated companies have announced the cancellation of their 2019 Annual General Meetings (AGMs) to prevent the spread of COVID-19. The companies stated this in a statement to their shareholders and stakeholders posted on the Nigerian Stock Exchange (NSE) web site. UBA’s 58th AGM was initially slated … Read more
The Nigerian National Petroleum Corporation (NNPC) has announced a laudable 34% increase in trading surplus in its monthly operational and financial report for December 2019. The details of the report were explained in a statement signed and released by the corporation’s Group General Manager, Group Public Affairs Division, Dr Kennie Obateru. In the report, the … Read more