Business

Ecobank Nigeria has announced a strategic partnership with Total Nigeria Limited to offer agency banking services at Total filling stations across Nigeria. We will kick off with 100 stations carefully selected to ensure members of the public can carry out their financial transactions such as deposits, withdrawals and account opening at the outlets known as Ecobank Xpress Points. In addition, …

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The Chief Executive Officer of Seplat Petroleum Development Company Plc, Mr. Austin Avuru on Tuesday assured stakeholders that the company has been positioned to deliver superior returns. Seplat, which posted a loss in 2016 bounced back into profitability in 2017 and consolidated with an impressive performance for first quarter ended March 31, 2018. Speaking at company’s facts behind the figures …

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The Federal Government on Monday ordered the Nigerian Electricity Regularly Commission to enforce the contract mandating power distribution companies to provide meters to customers and eliminate estimated electricity bills in the power sector. It said the directive to NERC became vital following the number of complaints coming from power consumers on meters, which the Discos should supply, as well as …

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A major stride in the attainment of national energy sufficiency was achieved in Lagos on Monday with the commencement of technical framing workshop and subsequent project signing ceremony of the seven Critical Gas Development Projects (7CGDP) to deliver about 3.4 billion standard cubic feet of gas per day (bscfd) to bridge the foreseen medium term supply gap by 2020 on …

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The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Dakuku Peterside has disclosed that the Agency is engaging the Central Bank of Nigeria to create a special interest rate for maritime assets acquisition in Nigeria stating that NIMASA is committed to opening new frontiers for potential investors in the sector. Dr. Dakuku who made this known on …

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As part of efforts to encourage innovation and entrepreneurship among Nigerian youths, Union Bank has announced the call for entries to its 2018 Campus Innovation Challenge, a competition open to students of tertiary institutions across the country. The Campus Innovation Challenge which is being organised in collaboration with leading social incubation centre Co-Creation Hub (CcHUB), aims to discover and support …

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In a bid to recover a debt of N902,655,866,.21, a limited liability company, Cornerstone Leasing and investment limited, has dragged Minister of Agriculture Chief Audu Ogbeh before a Federal high court in Lagos. Joined as co -defendant in the debt recovery suit is scrap metals supplying company Paz Oil limited. In a statement of claim filed before the court by …

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Heritage bank Plc, Heritage Bank Plc, Nigeria’s most innovative banking services provider, has strategies to boost the capacity development of small medium enterprises as the headline sponsor of the annual entrepreneurial reality show, The Next Titan, as the season five of the programme kicks off. Fela Ibidapo, Divisional Head, Corporate Communications, Heritage Bank, made the declaration on yesterday, during the …

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*As Lagos Traffic Radio Holds 3rd Lecture Series Executive Secretary of the Nigerian Shippers Council (NSC) Hassan Bello, has said the major causes of the gridlock being experienced at the Apapa-Tincan Road, were based on non-implementation of policies and failure to employ digital procedures at the terminals. He averred that contrary to previous assumptions, the bad road condition of the …

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Ecobank Transnational Incorporated, ETI, the Lome-based parent company of the Ecobank Group, on Monday announced that Mr. Charles Kie has formally indicated his intention to leave the Group and consequently his role as Managing Director of Ecobank Nigeria Limited. Prior to his current role at Ecobank Nigeria, Mr. Kie was the Group Executive, Corporate and Investment Bank for Ecobank Transnational …

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