Business

Ecobank has apprehended and handed over an internet fraudster, James Nwagalezi who attempted to hack into its Mobile app to swindle huge sum of funds running into several millions of naira to the Police authourities. A reliable source in the bank was quoted as saying the Management of the bank quickly alerted the Divisional Police Officer (DPO) in Ikoyi, Lagos …

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Ecobank Nigeria has emerged winner in two award categories, ePayment and Partnership at the just concluded Digital Pay Expo in Lagos. Digital PayExpo is an event which brings together stakeholders in digital financial services to discuss key issues affecting the payments industry. This year’s event which held between June 5 and 7 focused on Innovative Financial Services for the vast …

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The nation’s foreign exchange reserves fell by $169m to $47.436bn on Wednesday, the latest data from the Central Bank of Nigeria showed on Thursday. The reserves, which closed at $47.605bn last month when it recorded its first decline in eight months, slipped to $47.793bn on May 14 from $47.865bn on May 10. The external reserves, which fell further to $47.784bn …

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The Central Bank of Nigeria (CBN) on Thursday, released guidelines for the bilateral currency swap agreement between Nigeria and China. The CBN gave the guidelines in a document signed by its Director, Financial Markets Department, Dr. Alvan Ikoku, and posted on its website. The regulator, in a document titled, “Regulations for Transactions with Authorised Dealers in Renminbi,” said it might …

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Diamond bank has rewarded 30 customers with N100,000 each in the just concluded Diamond Future and Cool-Teens School Fees Saver Scholarship draw held at the bank’s head office in Lagos.  The School Fees Savers Scholarship scheme is specially targeted at parents with children / wards in preschool, primary and secondary school. This initiative is aimed at driving customer loyalty and easing lifestyle challenges …

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The Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday in Brussels, Belgium, called for improved private sector investment in Nigeria by European businesses, saying that the country’s investment climate is now very attractive and conducive. Senator Udoma who was on the panel that discussed ‘Delivering Jobs, Growth and Global Competitiveness’ at the on-going High-Level Conference on Jobs …

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Seven lucky subscribers have emerged in the first draw in the ongoing promo of Nigeria’s foremost telecommunications operator, Globacom, tagged,GO Russia. Globacom launched Go Russia a couple of weeks ago to reward some of its loyal subscribers by flying them to Russia for a good time. The lucky winners that emerged in the first draw include Orewa Edwin Ehi, Aghaegbunem …

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NSBAG AND CORPORATE FAMERS

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 …Sets Up Working Group Investors in Nigeria can now heave a sigh of relief as the International Chamber of Commerce (ICC) has now taken a drastic step against piracy and counterfeiting in the country. The global body has commissioned a working group that would give the fight against the social vices an effective backing in Nigeria. The ICC delegation drawn …

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Crude oil prices fell yesterday with the global benchmark, Brent crude heading towards its lowest finish in about one month after a report revealed a surprise weekly climb in the United States’ domestic crude inventories. Prices had traded higher in early dealings, buoyed by reports Venezuela may not deliver some of its contracted crude oil exports on the heels of …

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