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Saturday, May 27, 2017

Business

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FBN Capital Limited (“FBN Capital”) announces it has facilitated in the closing of an up to $445 million Syndicated Medium Term Facility with Accugas Limited (“Accugas”). Accugas, a wholly owned subsidiary of Seven Energy International Ltd (“Seven Energy”), is...
Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another award to its growing list of laurels as it emerged Most Innovative Bank of the Year at the Independent Newspapers Awards The award...
Lagos, Nigeria, September 28, 2015: Against the background of the fears being expressed in the banking sector over the Treasury Single Account (TSA) , the Chairman of the Board of Directors of  Heritage Bank Limited, Mr. Akinsola Akinfemiwa, OON...
The Nigerian Deposit Insurance Corporation on Monday said it had put in place an effective risk-based supervision framework to enable it protect depositors against unethical practices and other infractions in the banking sector. It also said that an effective distress...
First Bank of Nigeria Limited, Nigeria’s most valuable banking brand will be showcasing its digital offerings at the 2017 Social Media Week 2017 in line with its digital transformation strategy. The Bank as always will be partnering with the...
Nigeria’s largest online mall, Konga.com’s commitment to constantly adding value to the lives of customers is staying true to its mantra of quality, trust and integrity as it launches a lifestyle and services platform on its site to give...
President Muhammadu Buhari’s daughter, Zahra, has signed an agreement to be the new ‘Ambassador At Large’ for ACE charity organisation. ACE (Assisting caring and empowering) charity is a non-profit organisation making a sustainable, realistic and effective difference in the lives...
The Central Bank of Nigeria (CBN), on Tuesday, barred First Bank, the United Bank for Africa (UBA) and 12 others from dealing in the Small and Medium Enterprises (SME) wholesale Forex window. The other banks affected by the order are FCMB, Keystone Bank, Main Street...
The National Agency for Food and Drug Administration and Control (NAFDAC) has fined Guinness Nigeria Plc, N1bn for violating laid down rules. Punch Newspapers reports that NAFDAC accused Guinness of allegedly revalidating expired products without authorisation and supervision, and exposing...
Sacked Super Eagles coach Stephen Keshi has demanded a compensation of a billion Naira (more than $400 million) from the Nigeria Football Federation (NFF) for defaming him. Last week, it was reported that Keshi had dragged the NFF to court...
Popular businessman and billionaire, Mr Jimoh Ibrahim got a rude shock on Monday while delivering a public lecture when unpaid workers from his company stormed the venue in protest. Ibrahim, the group managing director of the Energy Group, was delivering...
Heritage Bank Plc has continued to take the lead in empowering youths to become entrepreneurs, which is amongst others is geared to creating jobs and distributing wealth across the Nigerian economy. Recently, Heritage bank made a “measured” entry into financing...
The Minister of State for Petroleum, Dr. Ibe Kachikwu, says the Nigerian government has suspended the subsidy on petroleum products as at today, December 27, as a result of the current low price of crude in the international market. Dr....
According to fresh reports emerging, one of Britain's largest carriers, Virgin Atlantic, has laid off all its Nigerian Cabin Crew members. E-mails from several affected former staff, revealed that Richard Branson's Virgin Atlantic Airways has laid off all their Nigerian...
Are you planning an event? Do you need exceptional and exquisite planning and execution? Do you want to have amazing services with very affordable prices and discounts? Then look no further, Honnyfield Events, a subsidiary of Imagez Conceptz can make it happen for...
Lagos, Nigeria, September 23, 2015: Riding on the euphoria waves of the completion of the merger between Heritage Banking Company Limited and Enterprise Bank Limited Mr. Akinsola Akinfemiwa OON, the Chairman of Board of the new Heritage Bank Limited,...
The Naira on Wednesday depreciated slightly against the Dollar at the parallel market, dropping by N2. The currency traded N222, N350 and N256 against the Dollar, Pounds and Euro, respectively. On Monday and Tuesday, it traded at N220, N345 and N252...
MTN Group President and Chief Executive Officer, Sifiso Dabengwa, resigned on Monday morning over the N1.04tn fine imposed on MTN Nigeria by the country’s regulatory body – the Nigerian Communications Commission. Phuthuma Nhleko takes over as Executive Chairman in a...
To celebrate its 100-year milestone while delivering on its promise to provide consistent banking solutions, Union Bank, one of the longest-standing innovative banks in Nigeria, recently launched five state-of-the-art branches in Edo State. The upgraded branches are located at Akpakpava...
  Lagos,  Nigeria,  Monday,  October  12,  2015.  Daroc  Distribution  Nigeria  Limited,  a  branddistribution and sales company and a member of Rocco Global FZC with the headquarters in theUK has  introduced the DENIM range of  fragrance (Body Spray,  Aftershave and Shower...
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