CardinalStone Finance Assures Customers Financial Flexibility

By Modupe Gbadeyanka A total of N7 million has been won by 70 customers of Stanbic IBTC Bank Limited in season three of the lender’s Reward4Saving promo. The winners were given N100,000 each in the October draw held recently, with their corresponding cheques presented to them on Friday, November 10, 2023, at the headquarters of the company in Lagos. The third season of the promo started in September 2023 and 140 people have been rewarded so far with N100,000 each. There are 10 draws left until the end of season three and 700 new and existing customers from our seven

Sterling Bank Limited’s cutting-edge investment platform, Doubble, has been upgraded with new features aimed at improving investment returns for existing and new customers. With various flexible naira and dollar investment options, including money market offerings with returns higher than your bank’s returns on savings. The digital savings and investment platform provides a seamless avenue for individuals to build wealth. Users are provided with a guaranteed income stream and fixed growth over a set period, as well as a hedge against market volatility, the ability to secure loans against account balances, and the convenience of transferring the annuity to a spouse

By Adedapo Adesanya The Nigeria Deposit Insurance Corporation (NDIC) claims it has refunded over N1.2 billion to about 34,000 depositors of 179 microfinance banks whose licenses were revoked by the Central Bank of Nigeria (CBN). The Managing Director of the agency, Mr Bello Hassan, revealed this while speaking during the 2023 Sensitisation Seminar for Judges of the National Industrial Court of Nigeria (NICN) and members of the Investments and Security Tribunal in Port Harcourt, Rivers State on Tuesday. Mr Hassan, who was represented by the Executive Director of Operations at NDIC, Mr Mustapha Ibrahim, explained that the seminar was imperative

By Modupe Gbadeyanka A strategic partnership that will enable subscribers of Airtel Nigeria to stream songs on Boomplay has been entered into between the two organisations. One of the major challenges faced by music lovers is having access to affordable music streaming service offered by platforms like Boomplay. But that has become a thing of the past as the Airtel-Boomplay partnership rides on the Airtel Streaming Data Plan and will give music enthusiasts the opportunity to save more on streaming data cost, as they will enjoy 500MB exclusive data for only N100. To activate the plan, customers are required to

By Modupe Gbadeyanka Senior Pastor of Latter Rain Assembly, Lagos, Mr Tunde Bakare, on Friday had a closed door meeting with President Muhammadu Buhari. Mr Bakare was spotted today at the Presidential Villa in Abuja with the embattled Minister of Finance, Mrs Kemi Adeosun, before the meeting. The cleric, who was the running-mate to Mr Buhari in the 2011 presidential election, arrived the State House around 2:30 pm. However, about an hour and half later, he emerged from the meeting, refusing to tell the waiting and anxious newsmen what he discussed with the President. Mr Bakare and Mrs Adeosun hail

By Daily Times Chief Executive Officer of Union Bank Plc, Mr Emeka Emuwa, has disclosed that the lender, which is currently on breach of regulatory prescribed 20 percent share flotation, may sustain the tempo until trends in the market improves. Mr Emuwa made this disclosure on Wednesday, at the Nigerian Stock Exchange (NSE) during the bank’s presentation of ‘Facts Behind the Offer’ of its ongoing N50 billion rights issue, which closes this month. He said that the state of the market has made it impossible for shareholders not to trade their shares in the market. According to him, the prevailing

By Dipo Olowookere Nigeria’s Minister of Agriculture and Rural Development, Mr Audu Ogbeh, has said that Federal Government would distribute no fewer than 200 rice mills to millers across the states of the federation. This, the Minister explained, is to encourage fresh milling of locally produced rice in order to make them more palatable than the imported ones. Mr Ogbeh said said rice importation has reduced in the last two year, from 580,000 tonnes in 2015 to 58,000 tonnes by 2016 and that by the end of 2017, the difference would have been eliminated because more people now grow rice

By Adedapo Adesanya Shell Production Development Company and Joint Venture (JV) partners have revealed plans to reopen some of its oil and gas wells in the Niger Delta as a way of enhancing its portfolio of assets in Nigeria. In its Nigeria Briefing Notes 2021, SPDC said its investment in large gas projects would be selective and will be executed in the Gulf of Guinea as well as rejuvenation of the SPDC JV’s onshore oil and gas production in the Niger Delta. “SCiN (Shell Companies in Nigeria) are working with the federal government of Nigeria to build a network of

By Modupe Gbadeyanka The appointment of Mr Olusola Ajayi as an Executive Director of AIICO Insurance Plc has been approved by the National Insurance Commission (NAICOM). This information was confirmed by the insurer in a notice to the Nigerian Stock Exchange (NSE) on Monday. Mr Ajayi is making his entry into the board of directors of AIICO after joining the company in 2009 as head of the Business Strategy and Transformation teams. It was stated that the new director, who went through a thorough assessment, is armed with over 15 years’ leadership positions in management consulting and insurance in Nigeria

By Dipo Olowookere Head of Service in Ogun State, Mr Abayomi Sobande, has commended the administration of Governor Ibikunle Amosun for prioritising welfare of civil servants in the state. Mr Sobande gave this commendation in a statement he issued on Wednesday, August 1, 2018, while reacting to a mass-circulating SMS on the occasion of 2018 Civil Service Week from a gubernatorial aspirant claiming awareness about certain public service matters with the promise of future life in abundance. The HOS said workers in the state were happy with Mr Amosun because he has done much for them, pointing out that the

By Dipo Olowookere The stock market in Nigeria recorded a week-on-week decline of 2.56 per cent as investors’ appetite waned, with traders preferring to watch if prices will further crash before taking a buying decision. This low investor confidence depleted the All-Share Index (ASI) to 37,658.26 points from 38,648.91 points and deflated the market capitalisation to N19.627 trillion from N20.143 trillion. Last week, which had a five-day trading session, only 1.0 billion shares worth N10.3 billion were traded in 17,165 deals in contrast to the 981.2 million shares valued at N10.4 billion traded in 15,001 deals in the preceding week