Ademola Adebisi Wema Bank Plc, one of Nigeria’s struggling financial institutions is in the news again for the wrong reasons as some customers of the bank have accused the lender of conducting illegal banking practice in the country. They said they discovered that the bank and its agents had allegedly …
Read More »Youssou Ndour headlines UBA Africa Conversations 2022: Panellists Celebrate Continent’s Success Stories, Seek Collaboration to Bridge Culture Gap
The United Bank for Africa (UBA) Plc, celebrated this year’s Africa Day in commemoration of African unity with the fourth edition of its annual UBA Africa Conversations which was held at the Tony Elumelu Amphitheater at the UBA House in Lagos on Tuesday, May 24th, 2022. The UBA Africa Conversations was …
Read More »A call for better compliance to news media ethics: The case of the rumoured acquisition of Jumia by Zinox
By Adeola Olanloko Last week, Nigeria’s business media was awash with the speculation that Leo-Stan Ekeh, the chairman of Zinox Technologies and owner of the Konga e-commerce platform is on his way to acquiring Jumia Technologies, Africa’s leading e-commerce platform. According to Nairametrics, an online business journal, Ekeh “has been …
Read More »Heirs Oil & Gas (HHOG) Reiterates Commitment to Global ESG Best Practices
Doubles gas production capacity of OML 17 while upholding ESG commitments Heirs Oil & Gas, Africa’s integrated energy company has reaffirmed its commitment to both national and global environmental, sustainability and governance (ESG) best practices in view of its upcoming operational 1-year anniversary. An important aspect of this commitment is the elimination of routine …
Read More »E-commerce: The new market enabler for distributors, manufacturers
Globally, business conduct is no longer what it used to be; thanks to the impact of digital technology. The influence has become so eroding and enormous, such that digital revolution and digital wave have become buzzwords in today’s business world. Be it large or small enterprises, business owners are left …
Read More »LandWey set to deliver over 1000 homes to Nigerians from second quarter of 2022
In furtherance of its commitment to tackle Nigeria’s housing deficit, Landwey Investment Limited, Nigeria’s largest residential developer, has announced plans to deliver 1000 premium homes starting from the end of the second quarter of 2022. Shola Bello, managing Director, LandWey, made this known in a chat with newsmen on Monday. …
Read More »Sterling Bank signs MoU with optometrists on funding, capacity building
Lagos, Nigeria, May 22, 2022: Sterling Bank Plc, Nigeria’s leading commercial bank, has signed a Memorandum of Understanding (MoU) with the Nigerian Optometrist Association (NOA) to automate operations, enhance capacity and provide funding at competitive interest rates for members of the association. Speaking at the signing ceremony of the MoU in …
Read More »FIRSTBANK REWARDS CUSTOMERS IN ITS FIRSTMOBILE CASH-OUT PROMO
In collaboration with Interswitch, FirstBank has launched a promo to reward users of the FirstMobile app, its industry-leading mobile banking application. The promo tagged FirstMobile Cash-out Promo will run for 3 months. The promo, which started on Monday, 21st March 2022 will end on Tuesday, 21st June 2022. Various prizes …
Read More »Nigerians spent $221m on foreign education in three months – CBN
Nigerians spent not less than $220.86 million on foreign education between December 2021 and February 2022, figures from the Central Bank of Nigeria (CBN). The figures are contained in the CBN data on the amount spent on educational service under the sectoral utilisation for transactions valid for foreign exchange for …
Read More »Customers Cry To Court Over Polaris Bank Illegal Deductions of $30,769
They cleared out my account’ Women seek N10m from Polaris Bank over illegal deductions. Three businesswomen have told the Surulere Magistrate Court in Lagos that their domiciliary and Naira accounts were unlawfully frozen by their bank, adding that it also allegedly made illegal deductions of $30,769 from the accounts. The …
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