The manufacturing giant, Unilever Nigeria Plc. in a meeting with the Senate President, Dr. Bukola Saraki and a separate meeting with the Minister for Trade and Investment and the Minister for State for Trade and Investment, Prof. Okey Enelamah and Mrs. Aisha Abubakar; revealed its plans to further increase its investment in the country. The…
Category: Business
Visa Partners UBA To Launch SmartMoney
Global electronic payments company Visa, in partnership with United Bank of Africa Plc (UBA) announces the launch of ‘SmartMoney’, a 21st century banking solution comprising a prepaid card and a mobile app for the African market. The partnership brings together Visa Inc’s trusted payments technology and SmartMoney’s mobile app experience to establish a millennial centric…
Citi, Union Banks’ MDs In Trouble Over Fraud Charges
As you read this, the Managing Directors of both Citi and Union Banks are running helter skelter to face their faces. This is because a Federal High Court in Lagos has ordered them and 14 others to appear before it to answer criminal charges of fraudulent diversion to the tune of N10.7 billion belonging to…
Contempt Charge: Ecobank Floors Honeywell In Court
The Federal High Court in Lagos last Friday struck out a contempt charge filed against Ecobank Nigeria Limited by Honeywell Flour Mills Plc. Justice Mohammed Idris held that the Form 48 and Form 49 (with which contempt proceedings are initiated) were not properly served on the alleged contemnors. The charge had been filed by Honeywell…
Nigerian Sugar Refiners To Stop Credit Facilities To Customerst
With the current state of currency fluctuations and a Nigerian sugar industry that is still largely dependent on imported raw sugar, indications are that sugar refiners within Nigeria are set to discontinue credit facilities to their customers. This is expected to guard against any currency and transaction risks as well as prevent hedging. In the…
GTBank's Associate Debunks Tenancy Of Sealed Abuja Plaza By EFCC
An associate of Guaranty Trust Bank has debunked online reports on Sunday that the Economic and Financial Crimes Commission, EFCC, sealed one of its branches in Abuja, precisely in Wuse 2. Miffed by this, Kockane hit nairaland to inform customers of the reputable financial institution as well as the general public that the said story…
GTBank to Reward Mobile Banking Customers With 100k
Foremost financial Institution, Guaranty Trust Bank, GTBank, has launched the #GTBankMobileWin100k competition to reward its mobile banking customers by availing them a chance to win N100,000 weekly in the mBank January rewards. The competition will run throughout the month of January 2016 and 10 lucky customers will win N100,000 weekly during the period. To participate…
Court Stops MTN Taking Money Abroad
Justice Mohammed Idris of the Federal High Court in Lagos has barred MTN Nigeria Communications Limited from moving any of its funds from all commercial banks in Nigeria abroad pending hearing of its suit challenging the N1.4trillion fine imposed on it by the Nigerian Communication Commission, NCC. The Federal Government, through the NCC, initially imposed…
MTN To Retrain Visafone Staff
**To Roll Out LTE 4G Technology Information reaching us confirms that a good number of Visafone staff will be retrained to have the requisite skills for engaging the new 4G LTE technology. Visafone, a leading CDMA Operator in Nigeria, was recently acquired by telecommunication giants, MTN Nigeria, and the new owners are set to provide…
MoneyGram Launches Instant Account Deposit into Nigerian Banks From Europe
Nigerians can now receive money directly into their bank accounts from Europe within minutes at a very competitive exchange courtesy a new initiative from MoneyGram. The fast money transfer company says it now offers customers in France, Germany, Ireland, Italy and Spain to send money to most personal Nigerian Naira bank accounts within minutes. “This…