Category: Business

ChatPay Debuts in Nigeria

***As Artificial Intelligence Meets Banking The over 100 billion daily active users on Facebook, twitter, WeChat, Skype and Telegram can now experience the ease of performing their financial transactions directly from these platforms with the aid of the recently introduced solution, ChatPay. Never before experienced and a major leap in innovative banking solutions, ChatPay uniquely…

Eulogies For Outgoing UBA GMD/CEO at Book Launch In His Honour in Lagos

It was rain of accolades for the outgoing Group Managing Director/CEO of United Bank for Africa (UBA) Plc, Phillips Oduoza in Lagos on Wednesday as captains of industry and leading voices of Nigerian society witnessed the launch of a book in his honour. The  book titled  “Dynamics of the Nigerian Financial System” edited by Professor…

Diamond Bank Records Stable Growth in H1

Diamond Bank Plc on Thursday released its H1 2016 performance scorecard on the floor of the Nigerian Stock Exchange (NSE), showcasing considerable growth in key financial parameters. Analysts and industry watchers had, because of the harsh macroeconomic outlook, forecasted sluggish growth and greyed result for the period, but the interim report and accounts of the…

Emzor Unveils Special 30th Emzor Paracetamol Anniversary Pack

In further demonstration of its commitment to taking maximum as well as affordable wellness to every nook and cranny of the country and beyond, Nigeria’s leading indigenous brand in pharmaceutical industry, Emzor is celebrating its 30 years of its flagship brand, Emzor Paracetamol, with the unveiling of a special anniversary pack. Speaking on the celebration,…

TY Danjuma Appointed nTel Chairman

The board of NatCom Development & Investment Limited ‘NatCom’, trading as ntel, has been inaugurated and General TY Danjuma named as Chairman. Danjuma was named on Wednesday, July 27, 2016, while Tunde Ayeni as the Vice Chairman. Other members of the board include Captain Idahosa Okunbo, Abiola Ayeni, Kasheem Shettima, Philip Chukwu, Kola Adesina, John…

Copyright Infringement: Court Adjourns Suit Against Ecobank

A Federal High Court sitting in Lagos has adjourned hearing in an N8 billion copyright  infringement suit involving ROLLING INNOVATIONS & INVESTMENT LIMITED & ANOR V ECOBANK NIGERIA, MR RICHARD ADIELE AND MR. ADEKAYO BALOGUN till September 21. The claimants filed the suit against the Bank and two of its ex-staff claiming that the Bank…

Afreximbank Supports Heritage Bank Growth With $150m

African Export Import Bank, Afreximbank, has provided a $150 million funding support for Heritage Bank Limited. In a statement announcing this development yesterday, Divisional Head, Corporate Communications, Olusola Longe-Okenimkpe said, “HBCL Investment Services Limited (HISL) a major shareholder of Heritage Bank Limited has executed the term sheet for the issuance of guarantee for its $150…

Shybell Media Awards 2016: UBA Emerges ‘Best Bank’

One of the leading financial institutions in Nigeria and Africa, UBA Plc, has been announced as the ‘Best Bank of the Year 2016’. The giant bank in Africa was recognised at the Shybell Media Awards, which held recently in Lagos. Shybell Media a leading online news portal in Nigeria. According to the organisers, this accolade…

Photos: CIBN Honours Oduoza

On Friday, July 22, 2016, a valedictory lecture was organised by the Chartered Institute of Bankers of Nigeria (CIBN) to honour the outgoing Group Managing Director of pan-African banking group, United Bank for Africa (UBA) Plc, Philips Oduoza. The fourth Valedictory Lecture tagged “The Emergence of a Nigerian Pan-African Bank” recorded a parked hall of…