Friday Ekeoba

Ecobank Raises MasterCard Limits For International Spend

Ecobank

Ecobank Nigeria has again reviewed, upwards, the daily limit that customers can spend with their naira MasterCards for international transactions. With this review, the spending limits currently applicable for customers, using an Ecobank naira MasterCard, for international spend on Point of Sale (PoS) and online channels was raised from $300 to $1,000 representing 333% for its standard card holders, $750 …

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UBA Card Can Be Used On Any Site, Anywhere

leading pan African financial instution, United Bank for Africa (UBA), has reiterated that holders of the bank’s Automated Machine Card (ATM), can use it at any site and anywhere. According to a statement made available to Nationalwire, Friday, and signed by Group Head, Marketing and Corporate Communications, Bola Atta, she said protecting the bank’s customers transactions and identity is garmane …

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Paul Adefarasin bemoans Nigeria’s parlous infrastructure at Spirit Life Conference’s opening

The senior pastor of the House On The Rock Churches, Pastor Paul Adefarasin, yesterday in Lagos, declared open this year’s annual conference of his church: “Spirit Life Conference”, with a charge on the government to improve the state of infrastructure in the country. Adefarasin equally challenged Christians particularly and Nigerians generally on the same issue, saying development in a country …

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Tony Elumelu mourns with Sierra Leone, Donates $500,000 

Following the August 14 unprecedented disaster, Tony Elumelu, Founder of Tony Elumelu Foundation and Chairman of United Bank for Africa (UBA), Wednesday 23 August, paid a state visit to the people and Government of Sierra Leone to commiserate over the great loss caused by devastating mudslides and floods that have claimed hundreds of innocent lives and left many more still …

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UBA Grows Profit by 66% in Half-Year 2017

…Declares N0.20 Per Share Interim Dividend The Pan African financial institution, United Bank for Africa (UBA) Plc has announced its audited half year financial results ended June 30, 2017, showing remarkable performance across major metrics. UBA grew its gross earnings for the period by 34.5 percent to N222.7 billion, as against N165.6 billion reported in June 2016. This impressive performance, which reflects the strong …

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Ecobank Makes N389 bn In Six Months

Ecobank Transnational Incorporated (ETI) has posted an impressive results in all the key financial indices for the half year ended 30 June 2017. The audited results released to the Nigerian Stock Exchange (NSE) on Thursday showed that the pan African bank recorded gross earnings of  N389 billion for the H1 in 2017, up 41 per cent from N273 billion in the …

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World press briefing on restructuring through a new constitution…Pix

Photo Caption: From Left: Member, Southern Leaders of Thought, Project Nigeria Movement (PNM), Professor Akin Oyebode‎; Chairman, PNM, Professor Ben Nwabueze‎; former president, Ijaw National Congress, Professor Kimse Okoko and Legal Consultant, Solomon Asemota & co, Solomon Asemota, during PNM World press briefing on restructuring focus Negotiated restructuring, implemented through a new constitution, is the best assurance for The realisation …

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Sultan: 1914 amalgamation not an error because God doesn’t make mistakes

Sultan of Sokoto, Sa’ad Abubakar, has said the 1914 amalgamation of Nigeria was not a blunder because “God does not make mistakes”. He said Nigeria will not be one entity if God doesn’t wish it to be so. Speaking on Wednesday at a colloquium organised by Nigeria Labour Congress (NLC), he said anyone advocating for the break up of Nigeria …

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Nigeria launches $200 million fund to help local oil and gas firms

Nigeria launched a fund on Thursday with an initial value of $200 million to support local oil and gas firms, the oil minister said, part of a government drive to improve access to low-cost credit across the economy. The Nigerian Content Development Fund (NCDF) would be financed through allocating the fund one percent of the value of all contracts awarded …

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Nigeria’s oil output in July slightly below 1.8 mln bpd -minister

Nigeria’s oil production, excluding condensates, was slightly below 1.8 million barrels per day in July, the country’s oil minister said on Thursday. Emmanuel Ibe Kachikwu, speaking on the sidelines of an event in the capital, Abuja, said there had been issues with aging pipelines. “We continue to have challenges, some of our pipelines are old, so these are basically technical. …

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