Category: Business

Nigeria’s Mutual Funds Elicit Increased Interest Locally, Internationally—Okolo

Against the backdrop of increased interest and investments in Mutual Funds in Nigeria, Nigeria’s Securities & Exchange Commission (SEC) announced that total Asset Under Management (AUM) of mutual funds in Nigeria topped N300 billion for the first time ever. This has been attributed to various factors not excluding the current state of the economy, stock…

Diamondxtra Season 9: Diamond Bank To Create More Winners With Xtraordinary Draws

A whopping N600 million has been set aside by Diamond Bank Plc to reward its loyal customers in the DiamondXtra Season 9 bonanza. Activities planned for the season include extra ordinary draws that will produce 3164 lucky winners throughout Q3 2017. According to information made available to the press, the Bank stated that in the…

Airtel Unveils Home Broadband Service to Deepen Internet Connectivity

Leading telecommunications services provider, Airtel Nigeria, has unveiled its Home Broadband Service in line with its commitment to deepen Internet connectivity as well as empower telecoms consumers to share data with a number of people without worrying about cost and other limitations. The new Airtel Home Broadband delivers superfast broadband service via data terminals such…

Unbanked Nigerians Reduce, As Heritage Bank Targets 1,000 Agent Banking Partner In 2017

Heritage Bank Plc, has taken aggressive approach to support the Central Bank of Nigeria’s initiative to curb the unbanked Nigerians in the rural areas by 20 percent by 2020, thereby offering financial services to the nooks and crannies of Nigerian communities; providing access to underserved markets. The policy was sequel to a research conducted by…

UBA Increases International Spend Limit on Naira Cards to $2000

An immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000 has been announced by pan-African financial institution, United Bank for Africa (UBA) Plc. The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per month…