BUSINESS Archives - Page 54 of 162

Transcorp Hotels Plc bids Farewell to Valentine Ozigbo and welcomes Owen Omogiafo as the Managing Director/Chief Executive Officer

January 21, 2019Ayo Olowo

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owners of the award-winning Transcorp Hilton Abuja and the iconic Transcorp Hotels Calabar hosted a farewell/welcome dinner in honour of its immediate past Managing Director/CEO, Valentine Ozigbo who has been elevated to the role of the President/CEO of Transcorp Plc and […]

Report failed e-transactions not reversed within 24 hours to CBN

January 20, 2019January 20, 2019Ayo Olowo

The Central Bank of Nigeria (CBN), said any failed instant payment transaction not reversed into the customer’s account within 24 hours after complaint by the sender or beneficiary should be reported to CBN The Director, Consumer Protection Department, CBN, Mr Kofo Salam-Alada said this in an interview with the News Agency of Nigeria (NAN) on […]

NOVA Merchant Bank Rewards Excellence, Promotes One-Third of Workforce

January 17, 2019January 17, 2019Ayo Olowo

In fulfillment 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 […]

Wise Savers Promo 1: l-r: Head Lagos Office, Consumer Protection Council, (CPC) Susie Onwuka; Group Executive, Digital & Consumer Banking, United Bank for Africa (UBA) Plc, Anant Rao; Officer, Lagos Office, CPC, Abideen Onifade; Executive Director, UBA Plc, Liadi Ayoku; Regional Head, Lagos , UBA Plc , Aminat Tunji-Akinwande; Marketing Monitoring and Enforcement Officer, National Lottery Regulatory Commission, Ayeniyi Idowu; and Head, Retail Liabilities, UBA Plc, Tomiwa Sotiloye, at the First Quarter Draw of UBA Wise Savers Promo where 20 Savings Account Holders won N1.5m each, in Lagos on Tuesday.

UBA Customers Win N30m in Wise Savers Promo, N90m Still Up for Grabs

January 16, 2019January 16, 2019Eben Tanimola

Pan-African financial institution, United Bank for Africa (UBA) Plc has rewarded 20 loyal customers with N1,500,000 each, in the first edition of its quarterly draw for the ongoing UBA Wise Savers Promo, which was held at the bank’s headquarters in Lagos on Tuesday. At the event, a total of N30,000,000 was won by 20 lucky […]

CBN and SEC Grant Provisional Approval For Diamond, Access Banks Merger

January 15, 2019Ayo Olowo

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) has provisionally approved the merger of Diamond Bank and Access Bank. Victor Etuokwu, Executive Director (Personal Banking), Access Bank, said on Tuesday in that a deal in principle has been approved by the two regulatory bodies. He stated that the merger process would […]

NNPC working to crash price of cooking gas in Nigeria

January 11, 2019January 11, 2019Ayo Olowo

The Nigerian National Petroleum Corporation (NNPC), says it is working to crash the price of cooking gas in the country. It said this would be done through the implementation of effective commercial framework that would halt the export of propane and butane from the country. The Group General Manager, Crude Oil Marketing Division (COMD) of […]

Apple Inc shares tumble by as much as 10%

January 4, 2019January 4, 2019Ayo Olowo

Apple Inc shares tumbled as much as 10 percent on Thursday after the iPhone maker blamed weak China demand for its revenue shortfall in the holiday quarter, a clear sign of the company’s struggles in the world’s largest smartphone market. The rare revenue warning – the company’s first in nearly 12 years – sent shockwaves […]

First trading day of 2019: NSE loses N134bn, see gainers and losers

January 2, 2019Ayo Olowo

The Nigerian Stock Exchange (NSE) started the year 2019 on the red side, as the market shed N134 billion on Wednesday. As at the last trading day of 2018, the market capitalisation stood N11.7207 trillion, only to fall by N134 billion to N11.5863 trillion on the first trading day of 2019. The all share index […]

Nigeria’s daily crude oil production rises 9%

January 2, 2019Ayo Olowo

Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels. Pitched against the low-level daily crude oil production in 2016 and what obtains now, Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. […]

CBN settles issue with MTN

December 27, 2018Ayo Olowo

The Central Bank of Nigeria has announced the resolution of its dispute with MTN Communications Limited, saying the company will now atone only for the illegal remittances on preference shares issued in 2008. CBN’s spokesman and director of corporate communications, Isaac Okorafor announced the breakthrough in a statement published on the bank’s website on Monday. […]