Business News

Unity Bank Unveils New Code on USSD Platform to Combat E-Banking Fraud

In a bid to safeguard its e-banking platforms with enhanced safety and security features, Unity Bank Plc has unveiled a new code on its USSD platform that completely puts the customer in control of his Bank Account against any e-Banking fraud. The new code which is *7799*9*Phone Number # allows customers to block access to …

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LAGOS EMPOWERS 190 YOUTHS, WOMEN IN FISH CAGE CULTURE

      The Lagos State Government has empowered 190 youths and women in Afowo Community, Badagry, in the fish cage culture system to further drive youth and women empowerment in a bid to help them to make positive changes. The State Commissioner for Agriculture, Ms. Abisola Olusanya, who made this known at the symbolic …

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Revealed! Real Reasons FCMB is Intensifying Support to Small Businesses

First City Monument Bank has explained that its increased and consistent support to Small and Medium Scale Enterprises (SMEs) is aimed at further empowering them to take the lead in the growth and development of Nigeria’s economy. According to the Bank, this is because SMEs are one of the key drivers of the country’s push …

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ZENITH BANK ADJUDGED BEST CORPORATE GOVERNANCE ‘FINANCIAL SERVICES’ IN AFRICA 2021

For the second consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance ‘Financial Services’ Africa 2021 by the Ethical Boardroom. The award, which was published in the June 2021 edition of The Ethical Boardroom magazine, is in recognition of the bank’s adherence to global best practices and institutionalization of corporate governance, …

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FIRSTBANK CLINCHES ANOTHER INTERNATIONAL RECOGNITION; RANKED SECOND MOST ADMIRED FINANCIAL SERVICES BRAND IN AFRICA

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has been ranked the second ‘most admired financial services brand’ in Africa – for the second straight year – at the 2021 Brand Africa 100: Africa’s Best Brands Event, held on Africa day, 25th May 2021. Brand Africa is an intergenerational movement …

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NIOB Holds Sustainable Building Services Roundtable

The Nigerian Institute of Building (NIOB) has concluded plans to hold its 2021 Mandatory Continuous Professional Development workshop on sustainable building services. The NIOB said in a statement that it recognises the critical role of building services in providing comfort and utility to users and occupants, hence the need to address stability, functionality, economy and …

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Unity Bank Partners RIFAN On Ekiti Pyramids Projects

Having sponsored no fewer than 900,000 smallholder farmers in rice production across the federation to benefit from CBN’S intervention fund under the Anchor Borrowers Programme, Unity Bank Plc has partnered the launching of Ekiti Rice Pyramid Project in South West Nigeria held recently. The launch is a follow-up to the unveiling of Rice Pyramid earlier …

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Global fund and Chemonics conspired to intimidate and blackmail Zenith Carex

The Global Fund, an international financing and partnership organization that aims to “attract, leverage and invest additional resources to end the epidemics of HIV/AIDS, tuberculosis and malaria to support attainment of the Sustainable Development Goals has unjustly refused to honor an agreement reached with a Nigerian indigenous company, Zenith Carex (‘Zenith’), between may 2017 and March 2020. Between may 2017 and march 2020 …

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FBN Insurance Brokers Hosts Webinar To Sensitise SMEs On Risk Management And Cyber Security.

FBN INSURANCE BROKERS LIMITED, A SUBSIDIARY OF NIGERIA’S LEADING FINANCIAL SERVICES GROUP, FBN HOLDINGS PLC, HAS ANNOUNCED A WEBINAR TO SENSITISE SMES ON RISK MANAGEMENT AND CYBER SECURITY. SPEARHEADING DISCUSSIONS AT THE WEBINAR ARE SEASONED EXPERTS ON INSURANCE BROKERAGE, CYBER SECURITY AND RISK MANAGEMENT. The event is themed Risk Management and Business Continuity amidst COVID19 …

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UNION BANK SUPPORTS NGOs THROUGH ‘UnionBetta’ DONATIONS

UNION BANK OF NIGERIA PLC SAID IT HAS DELIVERED ON ITS PROMISE TO SUPPORT CHARITABLE ORGANISATIONS WITH A PORTION OF PROCEEDS FROM THE UNIONBETTA SAVINGS PRODUCT. Launched in 2016, UnionBetta is a sub-account which allows Union Bank customers earn attractive interest rates for saving as little as N5,000 monthly. In return, the bank donates a …

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Access Bank Reacts To The Viral Video Of A Guy Who Claimed To Have Stolen Customers’ Data

Access Bank has assured customers of the safety of their personal information denying reports of a breach of its system. The bank said in a statement: “A video of an individual claiming to be in possession of our customers’ banking details such as BVN and Account Number, has been brought to our notice. “We urge …

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Buhari, Emefiele, others for virtual CIBN banking, finance conference

President Muhammadu Buhari, among over 2,500 participants across the globe, are expected to participate in a virtual Banking and Finance Conference being organised by the Chartered Institute of Bankers of Nigeria (CIBN). Mr Patrick Akinwuntan, Chairman, Consultative Committee of 13h Annual Banking and Finance Conference and MD/CEO, Ecobank Nigeria, made the disclosure in a statement …

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Polaris Bank appoints Innocent Ike acting MD/CEO

Innocent Ike Innocent C. Ike has been appointed as the acting managing director of Polaris Bank Limited. Ike’s appointment was announced by the bank’s board in a statement on Saturday. He will succeed Tokunbo Abiru, who recently retired from the bank after he was nominated by the All Progressives Congress (APC) in Lagos state as a replacement …

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COVID 19: Wema Bank introduces collateral-free SME loans to support businesses

Wema Bank, one of the leading innovative banks in Nigeria, has continued in its responsibility to support fight against the ongoing global health crisis. In another dimension, the Bank has made available SME loan products that are collateral free to support businesses. Businesses in need of working capital finance can get up to N10 million …

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China, Nigeria Seal $5.57bn Loan Agreements under Eight Years

$3.313bn disbursed, 3.121 currently outstanding TI, CISLAC seek end to wastage by MDAs Amid fiscal pressure that threatened its capacity to fund capital projects, the federal government sealed $5.575 billion loan agreements with the Export–Import Bank of China between December 10, 2010 and May 29, 2018, a Debt Management Office (DMO) document has revealed. With …

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COVID-19: CAC explains new policy on company certificates delivery

Following a widespread protest by customers over the new certificate delivery system being adopted by the Corporate Affairs Commission (CAC), the agency has made some clarifications about the measures that were introduced to curtail the further spread of the Covid-19 pandemic. CAC on Thursday explained that company registration certificates will henceforth be sent to customers …

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NIPC considers Shoprite strategic investment in Nigeria

Nigerian Investment Promotion Commission (NIPC), says Shoprite, South African Retailer is a strategic investment playing vital role in connecting Nigerian produce and products to national and regional value chains. NIPC Executive Secretary, Yewande Sadiku, disclosed this at a Webinar held by NIPC management team with Journalists on Thursday in Abuja. Sadiku noted that the announcement …

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