Business

Access Bank Plc has raised $2.2 million (N800 million) to support vulnerable children during the finale of the annual Access Bank’s UNICEF Charity Shield Polo tournament in partnership with Fifth Chukker held at the prestigious Guards Polo Club, Windsor, United Kingdom. The lender sees the game of Polo as an avenue to deepen its commitment towards impacting the environment and …

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The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed the need for a single data window system of all activities in the maritime sector. This, according to him would help engender economic growth in the country. Peterside made this call in Lagos yesterday, during an interactive session with journalists in Lagos. According …

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The Central Bank of Nigeria (CBN) and the Bankers’ Committee on Thursday agreed to offer single-digit interest rate loans to operators in the manufacturing and agricultural sectors of the economy from commercial banks’ cash reserve requirement (CRR) with the apex bank. The central bank explained that instead of out rightly lowering interest rate, it opted for a system whereby the …

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Wema Bank Plc, has launched a comprehensive Hospital Management Solution System designed to enhance day-to-day operations of hospitals in Nigeria by digitizing core administrative processes and patient data management in medical centres. The Hospital Management Solution System is a one stop-shop single technology platform that enables patients makes payment (Cash or card) at various cash points. It improves the daily …

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Folake Sokoya Lagos State Commissioner of Police, Edgal, Imohinmi has appointed  SP Abubakar Aliyu of the X-Squad section to represent him as member of Stakeholders on Police Accountability. Imohinmi made the announcement on  Wednesday,August 15,2018 during the official launch of Stakeholders Forum on Police Accountability at the Conference Hall of the Lagos State Police Command with a promise to monitor …

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The Central Bank of Nigeria on Wednesday said it was not possible for any importer to bring in substandard products into the country under the currency swap agreement recently signed with the People’s Bank of China. The apex bank said adequate measures had been put in place with all the regulatory agencies to check abuse of the terms of contract …

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MTN Nigeria on Wednesday signed a seven-year N200bn medium-term loan facility with a consortium of 12 banks, with FBN Quest acting as the facility agent. The telecommunication company said the credit facility would allow it to fund its capital expenditure, roll out infrastructure and extend its reach to rural communities. According to the company, the facility is structured with a …

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The Nigerian National Petroleum Corporation has announced plans to establish a 100,000-barrels-per-day brownfield refinery each in Port Harcourt, Rivers State and in Warri, Delta State. It said the plan was part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation, adding that a group of investors had commenced the process …

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As part of efforts to improve primary healthcare services across Nigeria, the Global Financing Facility of the World Bank Group has announced an investment of $20 million to support the recently approved Basic Healthcare Provisions Fund (BHCPF) by the federal government. The investment, according to the development partner, will compliment Nigeria’s one percent consolidated revenue fund of N55.1 billion earmarked …

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Telecommunications solutions provider, Globacom, yesterday unveiled another mouth- watering product  tagged “Oga SIM” which offers  an unprecedented 125 percent bonus on data bundle subscriptions on the network. Globacom’s Regional Chief Marketing Officer, Ashok Israni, disclosed at the product launch held at the Mike Adenuga Towers, Lagos head office of the company that “Oga SIM is the king of all products in …

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