Nigerian Commercial bank, Access Bank Plc has temporarily shut down its Ligali Ayorinde branch in Victoria Island, Lagos after a visitor tested positive for the deadly coronavirus disease. This was confirmed in a statement issued by the bank across their social media platforms on Monday. “We have just confirmed that an individual who visited our … Read more
Eko Hotels and Suites, Victoria Island was on Sunday shutdown by the management over threat of the deadly Coronavirus. The hotel’s management announced on Sunday that it has shut the edifice, saying that its decision to shut the hotel was a difficult one, but had to be taken in the interest of the public. Lagos … Read more
MTN Nigeria on Sunday said its team would start working from home as part of the precautionary measures to stop the spread of COVID-19. Mr Funso Aina, the telcos Senior Manager, External Relations, said in a statement that from March 23, workers are expected to perform their duties from home. Aina said that the telco’s … Read more
The Central Bank of Nigeria (CBN) has made an alteration to the price of dollar sales. In a communique to all banks and Bureau De Change on Friday, the CBN advised that the BDC to end-user sales of the Dollar should not be more than N380/1USD. This is the highest official exchange rate between the … Read more
A mobile insurance service has been introduced into the country by Zenith General Insurance Company Limited (commonly known as Zenith Insurance) in partnership with MTN Nigeria, a telecommunications giant. The service will enable users to have access to product through the use of the USSD code *5966#. Some of the products offered include Third Party … Read more
… Air Peace suspends Liberia, Senegal flights The disruption to air travel due to the continued spread of coronavirus will cost Nigeria’s aviation industry over N160.58bn (using Bureau de Change rate of N370 to $1) ($434m) in revenue and 22,200 jobs, the International Air Transport Association has said. IATA said on Thursday that the country … Read more
A Nigerian, Mr Kayode Adeuja, has emerged winner of the Global HR Awards held at the 28th World HRD Congress in Mumbai, India. He was celebrated as one of the ‘501 Fabulous Global HR Leaders’. For the first time in its 28-year-history, the World HRD Congress introduced a Talent Listing featuring ‘501 Fabulous Global HR … Read more
Bentley will stop car production at its British factory from the end of Friday for four weeks over the coronavirus outbreak, one of the final automakers in Britain to announce such plans. Parent company Volkswagen said on Tuesday it would be ceasing output at plants across Europe as the pandemic hits sales and disrupts supply … Read more
Ecobank is urging its customers to utilize its digital self-service solutions, including Ecobank Mobile App, Ecobank Online, EcobankPay, Ecobank OmniPlus, OmniLite, and the RapidTransfer App without having to visit branches. This is as part of efforts to ensure social distancing which will help curtail the spread of COVID-19. According to the bank, customers can “Bank … Read more
Federal Government and the African Development Bank have launched the National Electrification Project aimed at addressing critical energy access deficits by channeling private sector investments into mini-grid and off-grid solutions. The project, which would be implemented by the country’s Rural Electrification Agency, was a boost to efforts to achieve the target of universal energy access … Read more
U.S. restaurants on Wednesday asked President Trump and congressional leaders for at least $455 billion in aid to help them weather the coronavirus crisis, saying the industry could shed nearly half of its 15.6 million jobs and a quarter of annual sales. Restaurants could take a $225 billion hit over the next three months, equal … Read more
Shareholders of Jaiz Bank Plc will receive a dividend for the financial year ended December 31, 2019, Businesspost reports The decision to finally reward shareholders of the company after a long wait was reached at the meeting of the board of directors of Jaiz Bank held on Monday, March 16, 2020. Announcing the outcome of … Read more
Zenith Bank Plc, on Monday, March 16, 2020 held its 29th Annual General Meeting (AGM) in Abuja, Nigeria, during which the Bank’s shareholders unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value of N87.9 billion. This … Read more
According to the latest statistics released by the National Bureau of Statistics on Tuesday, it was learnt that inflation rose by 12.20 percent year-on-year in February. The inflation rate of 12.2 percent, according to the bureau is 0.07 percentage points higher than the 12.13 percent recorded in January. The 12.2 percent index is also the … Read more
Access Bank has completed the listing of its N15 billion green bond on the Luxembourg Stock Exchange (LuxSE). The 15.50% fixed rate, the unsecured climate-credential green bond is the first of its kind to be issued by a Nigerian corporate and represents a major milestone in the development of the local green finance market. The … Read more
Access Bank Plc, is seeking to increase its customer base to 100 million by 2022 from its present level, 41 million. The Executive Director in charge of Retail Banking at Access Bank, Mr Victor Etuokwu, made this disclosure during the Diamond Xtra Season 12 Launch Event held in Lagos on Friday, March 13, 2020. He … Read more
The Federal Government on Friday released N285 billion to fund some infrastructural projects under the 2020 budget. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said this on Friday to the State House correspondents. She said the releases were made under transportation, Niger Delta, Works, and Housing ministries. Ahmed made this known after … Read more
The Governor, Central Bank of Nigeria (CBN) Mr Godwin Emefiele announced that the bank is reconsidering adding the importation of hand sanitizers amongst items not valid for foreign exchange (FX) from its official forex window. He said this while speaking at the ‘Going for Growth 2.0,’ roundtable that took place in Abuja. Emefiele said that … Read more
The Lagos State Ministry of Home Affairs said government was planning to review the Laws on money lending activities in the state. Commissioner for Home Affairs Olanrewaju Elegushi made this known on Friday, during a stakeholders’ forum with money lenders in Ikeja. Elegushi said there was need for the review as the laws guiding the … Read more
Fears about the economic impact of the Coronavirus pandemic has been allayed as Oil prices jumped almost four percent in Asian afternoon trade Friday, reversing earlier losses sparked by the Saudi-Russia price war. West Texas Intermediate was up 3.9 percent at nearly $33 a barrel while Brent crude rose 3.7 percent to more than $34 a barrel after the … Read more