Category: Business

In fulfillment of its commitment to constantly find new ways to serve its customers better, NOVA Merchant Bank has been appointed as a designated collecting bank for Import, Excise and other duties by the Nigeria Customs Service. This will enable the Bank handle duty payments for its clients in addition to process and issue custom bonds along with guarantees on their behalf. According to the MD/CEO, Mr. Anya Duroha, “We are excited about this appointment because it would enhance efficiency and improve turnaround time for duty payments and other services…

Read More

Thirty-one Nigerian academics and research interns including nine professors and four senior lecturers were last week inducted for a one-year sabbatical programme and research internship in Shell companies in Nigeria at a ceremony held at the Port Harcourt Headquarters of Shell Petroleum Development Company of Nigeria (SPDC). Drawn from 10 Nigerian and one British universities, the 31 participants are the highest in the 40-year history of the Shell Nigeria sabbatical programme, and the number represents 40 percent increase over the 22 intake for 2019 who concluded their programmes last December.…

Read More

President Muhammadu Buhari has sent the name of Dr Kingsley Isitua Obiora to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria. In a letter to President of the Senate, Ahmad Ibrahim Lawan, President Buhari said the nomination was in accordance with the provision of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007. Dr Obiora, upon confirmation by the Senate, replaces Dr Joseph Nnanna, who retires on February 2, 2020. Dr Obiora holds a Bachelor’s degree in Economics and Statistics from the…

Read More

Now is Time for Investors to Key in – Women Affairs Minister The President of Dangote Group of Companies, Alhaji Aliko Dangote, has identified the maritime industry as a key element in the efforts to stimulate the Nigerian economy. Dangote said this in Lagos while commenting on the country’s economic potentials and the vast opportunities in Nigeria’s waters. This was as Minister of Women Affairs, Mrs. Pauline Tallen, said the maritime sector had been galvanised into an inclusive community of stakeholders and players working to grow the economy. Tallen said…

Read More

Access Bank Plc has splashed over N50 million to about 1,044 customers in its DiamondXtravaganza Season 11 reward promo aimed at enhancing savings culture. The bank’s Head, Retail Products, Mr Robert Giles, said at the reward ceremony on Wednesday in Lagos that the initiative was introduced in 2008 to boost savings culture and financial inclusion. Giles said that the Diamondxtra initiative which had been running for 11 years had constantly grown with the number of prizes given out every year. He stated that over N50 million was given out in…

Read More

Fidelity Bank Plc has on Tuesday in Lagos rewarded 13 customers with N16 million in its Get Alert in Millions (GAIM) promo season 4. The cash award was in categories of one million and two million  naira respectively. The bank also gave out 19 consolation prizes to lucky winner in form of refrigerators, television sets and power generating sets. Speaking at GAIM 4 third draw, the bank’s Managing Director, Mr Nnamdi Okonkwo, said that the promo was the ninth promo in I2 years. Okonkwo who was represented by Mrs Chijioke…

Read More

President of Dangote Group, Aliko Dangote has projected a turnover of $30bn for his businesses in the next two years. He said though the company’s annual turnover is about $4 billion now, but with the completion and running of the refinery, fertilizer, petrochemicals and other businesses, the company’s turnover should be in the region of $30 billion in the next two years. Speaking with select media last week, Dangote also lauded the federal government’s efforts in the agricultural sector. He said the government’s serious focus on the sector will boost…

Read More

Aliko Dangote, Africa’s richest man, plans to take office space in New York to help diversify his investments and avoid the risk of currency fluctuations on his home continent. The owner of the biggest cement company in sub-Saharan Africa will use the base and an existing one in London to become more global after the completion of a $12 billion, 650,000 barrel-a-day refinery currently under construction in Nigeria. “In Africa, you know we have issues of devaluation, so we want to really preserve some of the family’s wealth,” Dangote told…

Read More

….It Will Encourage More Investors The Nigerian Maritime Administration and Safety Agency (NIMASA) is set to again honour stakeholders at the annual dinner and awards night scheduled to take place in Lagos on Saturday, January 18, 2020. This is as the Director General of the Agency, Dr. Dakuku Peterside extolled the role of stakeholders in assisting the Agency achieve its mandate over the years. Speaking ahead of the event, Peterside disclosed that part of the aim of organising the annual programme is to encourage industry players to keep striving to…

Read More

…….Underlining Importance of African and Global Business Lines Oliver Alawuba appointed CEO, UBA Africa; Abdoul-Aziz Dia, Executive Director, Treasury and International Banking; Chukwuma Nweke, Executive Director, Retail and Payments; Chiugo Ndubisi, Executive Director & Group Chief Operating Officer.   United Bank for Africa Plc (UBA) today, announced that Oliver Alawuba has been appointed as CEO of UBA Africa, overseeing the bank’s  20 African country operations, ex-Nigeria.  He succeeds Victor Osadolor, who retires from the Group Board, after 9 years of service working at UBA.  UBA Africa serves over 19 million…

Read More