Bank of Industry The Bank of Industry (BoI) has announced the successful completion of a landmark EURO 1 billion Guaranteed Senior Loan Facility. This is to further enhance its capacity to deliver on its mandate, in line with President Muhammadu Buhari’s economic diversification agenda. According to the bank, the initially …
Read More »DisCos takeover: BEDC MD Osibodu arrested, alleges threat to life
Managing Direction of Benin Electricity Distribution Company (BEDC) Plc, Mrs. Funke Oshibodu, The embattled Managing Direction of Benin Electricity Distribution Company (BEDC) Plc, Mrs. Funke Osibodu, has raised the alarm over alleged threat to her life, following her arrest by police operatives, over alleged trespass of the company’s premises. Osibodu …
Read More »TCN Suspends Interview-Before-Promotion Directive After Protest By Electricity Workers
Managing Director, TCN, Dr Sule Abdulaziz The Transmission Company of Nigeria (TCN) has appealed to the electricity workers to suspend their proposed strike billed to begin on Aug. 17. The Managing Director, TCN, Dr Sule Abdulaziz, made the appeal in a letter to the workers on Tuesday following the threat …
Read More »EFCC Recovers N1.4 Billion NHIS Fund
The Economic and Financial Crimes Commission, EFCC, on Tuesday released a statement that it had recovered an additional sum of one billion, four hundred million naira (N1.4 billion) for the National Health Insurance Scheme, NHIS. According to the statement, the money which was released to the NHIS on August 5, …
Read More »Jaiz Bank Gets Shareholders’ Approval To Raise N150bn For Expansion
Shareholders of Jaiz Bank Plc on Tuesday gave approval to the Board of Directors of the bank to raise the sum of N150bn through issuance of Sukuk or Equity from the Nigerian capital market. The approval was unanimously given at the Bank’s 10th Annual General Meeting held in Abuja. Through …
Read More »Senate knocks NSITF over misappropriation of N17.2bn
Both present and past management of the Nigeria Social Insurance Trust Fund have come under fire in the Senate for failing to justify its spending of N17.158 billion in 2013 with required evidential documents. Some of which were alleged to have been eaten up by termites. The N17.158 billion as stated in …
Read More »Unity Bank Rolls Out Yanga Market Penetration Campaign, Targets Millions of Underbanked Women
Lagos. 16.08.22. Retail lender, Unity Bank Plc has deployed a new marketing campaign targeted at reaching millions of women entrepreneurs, especially the underbanked across Nigeria with its new retail product, the Yanga account. Starting this August, the lender shall deploy strategic marketing campaigns leveraging several channels including the traditional and digital …
Read More »First Set of Winners Emerge in Union Bank’s Save & Win Palli Promo 2
Leading financial institution Union Bank of Nigeria has rewarded the first set of winners in the second edition of its Save & Win Palli promo. The first live draw of this season, which took place at Union Bank’s Head office in Lagos, saw 50 customers win cash prizes of ₦105,000 …
Read More »Old English Supermarket Opens New Outlet In Surulere
With four branches already booming and servicing its teeming customers, novel Superstore, Old English Supermarket has opened another outlet. This is to further realise its aim of becoming the superstore of choice of millions of upwardly mobile Nigerians. Old English Supermarket, founded a couple of years ago, is a rare …
Read More »Alliance for Youth Nigeria empowers over 11,000 young Nigerians in one year
As the world marks the International Youth Day, the Alliance for Youth Nigeria has announced the conclusion of a vocational skills training program reaching over 350 young Nigerians in Lagos and Kano States. The training, which covered four skillsets – Solar panel installation, Graphics Design (Designs, social media and …
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