Friday Ekeoba

Peace Corps lauds NASS for passage of Bill

Tayo Olanipekun The Nigerian Peace Corp South- West Zone have taken to the streets of Lagos in jubilation over the passage of the Bill establishing the Corps, lauding the National Assembly for demonstrating deep sense of commitment to national security and development. Speaking with journalists on Thursday in Lagos, the Zonal  Commandant, Peace Corps of Nigeria South -West, Habib Mutairu, …

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Union Bank Unveils Innovations on Digital Banking Platforms

Union Bank

Union Bank of Nigeria has unveiled a plethora of digital banking solutions in Lagos.  The solutions include a new version of its mobile banking app, UnionMobile, and *826#, a unique USSD code which will allow customers perform banking transactions through short code messaging on their mobile phones. The Bank also revealed its upgraded online banking platform, UnionOnline, with aesthetic improvements, …

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UACN Appoints’ Abdul Akhor Bello CEO as Ettah Retires

After 11 years as the Group Managing Director/ Chief Executive Officer UAC of Nigeria Plc (UACN), Mr. Larry Ephraim Ettah will retire from the company on January 1, 2018. The board of UACN that announced this in a statement on Wednesday, revealed that Ettah would proceed on his pre-retirement leave from same date. To this end, the board announced the …

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FG postpones JV cash call exit to December

The Federal Government has shifted the deadline for the exit of joint venture cash call arrangement with oil companies to the end of this year. The government failed to exit the JV cash call arrangement in January in line with the agreement it reached with the international oil companies in December last year. The nation’s oil and gas production structure …

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EFCC recovers N328.9b from Total, MRS, others

The Economic and Financial Crimes Commission (EFCC), Kano Office, has recovered N328,988,296,990.62 from some major oil marketers. The retail oil marketers are Conoil Plc, Total Plc, OVH Energy Plc,  Forte Oil and Gas Plc, Mobil Plc, MRS Oil Plc and NIPCO Oil Plc The recovery followed a petition against the leadership of the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, …

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Fidelity Bank to boost earnings with Visa partnership

Aside from its resolve to promote financial inclusion in Nigeria, Fidelity Bank Plc says it is targeting increased earnings following its partnership with the world largest payment network, Visa, on its mVisa new payment solution. mVisa  is the first mobile payment solution that will operate through the use of the Quick Response code. Through this service, the user will only …

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LCCI Celebrates Business Excellence at the 2017 Commerce and Industry Awards

The Lagos Chamber of Commerce and Industry (LCCI), the premier Chamber of Commerce and a leading voice in the organised private sector (OPS) in Nigeria, has concluded plans to honour excellence in business at its 2017 Commerce & Industry Awards slated to hold on Saturday 29th July, 2017 at the Lagos Oriental Hotel, Lekki-Epe Expressway, Victoria Island, Lagos. This year’s …

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Transcorp Posts Strong Half-Year Results, Records 134% Growth in Profit

Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost conglomerate, has announced financial results for its second quarter ended June 30, 2017, showing significant growth in key financial indicators. The company recorded N4.2bn as profit after tax (PAT) for the half-year ended 30th of June 2017, translating into 134 per cent growth compared to the loss of N12.19bn recorded in the corresponding period …

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Budget Minister consults with National Assembly on 2017 – 2020 MTEF

Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday evening continued consultations on the draft 2018 – 2020 Medium Term Expenditure Framework (MTEF) with a session with the leadership and heads of relevant committees of the National Assembly. The meeting which is in keeping with the determination of the Executive to carry the National Assembly along on …

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