Ecobank Nigeria, has disclosed plans to bring banking operations closer to Nigerian neighborhoods by expanding its agent banking locations to 50,000 before the end of 2019. Managing director of the bank, Mr. Patrick Akinwuntan, who disclosed this during a media chat with journalists in Lagos, explained that the move is in line with the vision…
Month: January 2019
Refinery: FG Will Source Forex from Dangote–CBN Gov
The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream. This potential reversal of roles was disclosed by the Central Bank Governor, Mr. Godwin Emefiele, after he spent over four hours touring the ongoing Dangote Refinery, Petrochemicals, Fertilizer projects…
Fear Grips Customers As Hackers Feast on Polaris Bank’s Loophole
One of the questions some stakeholders and cyber security experts are looking for answers to is ‘how on earth were hackers able to tamper with Polaris Bank banking application to alter amount in a customer’s account?’ Already, this has triggered fears among some customers of the bank and they want the management of Polaris Bank…
Anxiety As Entries For Hymnodia End Today
Nigerians gifted in hymns rendition have been rushing to file in their entries to meet the Monday, January 21, 2019 deadline for Hymnodia, an entertainment reality TV show aimed at redefining the perception on hymns and its culture. Talented Nigerians are required to visit the Hymnodia website, www.hymnodiahq.org, and complete the Hymntestantsor Chorister application forms…
Heritage Bank Partners Para-Powerlifting Federation To Promote Sport
Heritage Bank Plc has reiterated its commitment to promoting sports in Nigeria, in partnership with Para-Powerlifting Federation to host the Lagos 2019 International Para-Powerlifting Competition. The competition which about 10 countries have indicated interest to attend is billed for 24th-31st January 2019. The MD/CEO of Heritage Bank, Ifie Sekibo commended the Para – Powerlifting Federation…
Ariflad Hotel & Suites Revolutionises Hospitality Business in Lagos
The status quo in the hospitality business in Lagos State has already been disrupted as a result of the entry on Ariflad Hotel & Suites. The newly established world class standard hotel is tucked within No 17, Emmanuel Olorunfemi Street, Off College Road, Ifako-Ijaiye, Ogba, Lagos and those who have visited the place confirmed that…
Irregularities Mar Paralympics Committee Election
The Tuesday, 15th January 2019 Presidential election of Paralympic Committee of Nigeria has been dubbed fraudulent, full of irregularities and outcome totally rejected by the President of Para-powerlifting Federation of Nigeria, Queen Obuh. Rejecting the election in its entirety, Queen Obuh told newsmen that the process of the election subverts the constitution and guidelines for…
Harnessing Mobile Payment to Boost Economic Growth
Not only in Nigeria but across the continent of Africa, mobile penetration has significantly increased. The Jumia Mobile Report 2018 found that Nigeria remains Africa’s largest mobile market, with about 162 million subscribers and a penetration rate of 84%. This has been complemented by the fact that mobile phones are now affordable. In 2014, phones sold on…
NOVA Merchant Bank Rewards Excellence, Promotes One-Third of Workforce
In fulfilment of its commitment to be the best place to work and its policy of rewarding deserving staff members, NOVA Merchant Bank has promoted about a third of its staff who have demonstrated exceptional performance in their responsibilities. These promotions come amidst the growth in the Bank’s business as it continues to scale up…
First Bank Targets Single NPL Ratio by Year End
It is no doubt that one of the financial institutions huge bad loans is First Bank Nigeria Limited, a subsidiary of FBN Holdings Plc. However, the management of the lender is working tirelessly to ensure the non-performing loan (NPL) ratio of the company is cut from double-digits to a single digit. Managing Director/CEO of First…