Customer Wins Brand New Car in Union Bank 100th Anniversary Promo

By Modupe Gbadeyanka Small and Medium Enterprises (SMEs) in Nigeria recently had the opportunity to gain more knowledge on how to scale their operations at a training organised by the Fate Foundation Alumni Conference. The event, in its 8th edition, was bankrolled by one of the leading financial institutions in the country, Union Bank of Nigeria Plc. It was gathered that at the programme, participants, including chief executive officers of major businesses, SME and MSME owners, exhibitors, and Fate Foundation Alumni shared knowledge on crucial topical subjects essential for entrepreneurial growth and success from seasoned entrepreneurial leaders and influencers. At

By Aduragbemi Omiyale The chief executive of CardinalStone Finance, formerly CSAdvance, Mr Ayoola Adeola, said the company would deliver enhanced financial solutions and empower its customers with financial flexibility. Mr Adeola said this while commenting on the recent change of name of the organisation, done because it intends to offer a comprehensive range of financing solutions to a diversified clientele, including SME businesses and high-net-worth individuals. CardinalStone Finance is the subsidiary of CardinalStone Partners Limited. The firm said the transition marks a pivotal moment in the group’s pursuit of becoming a world-class financial services firm, catering to the evolving needs

By Aduragbemi Omiyale Despite the challenging operating environment characterised by the Naira redesign policy and the foreign exchange (FX) unification policy of the Central Bank of Nigeria (CBN), Zenith Bank Plc showed why it is one of the strongest lenders in the country. Analysis of its financial statements for the first six months of 2023 showed that its gross earnings surged by 139 per cent to N967.3 billion from the N404.8 billion achieved in the same period of last year. It was observed from the results filed to the Nigerian Exchange (NGX) Limited on Monday that this triple-digit growth in

By Modupe Gbadeyanka Equity transactions on the floor of the Nigerian Stock Exchange (NSE) close negative on Wednesday, reversing the gain recorded the previous day. The 16 stocks that depreciated at the close of trading activities today pulled the market southward, leaving the 10 equities that appreciated with less impact on the market. The All-Share Index (ASI), which went down by 134.46 points or 0.54 percent, ended at 24,986.02 points today, while the Market Capitalisation declined by N49.6 billion to close at N8.65 trillion. Investors traded a total of 218.7 million shares today in 3,191 deals worth N3.9 billion compared

By Modupe Gbadeyanka A convenient payment method which allows merchants to safely and securely collect payments from consumers who have recurring bills or subscription payments in a seamless way has been introduced by PayU Nigeria. Called PayU Subscription, the system provides customers with a simple, safe and secure alternative to regular direct debit payments. Using tokenisation as the underlying technology, PayU offers a card based recurring payment method for the payment of any recurring bills or subscriptions. Customers who want to setup recurring or subscription payment is inconvenienced as they are required to physically go to their bank and complete

By Dipo Olowookere The social media space was on fire yesterday following the video of a Nigerian Senator, Mr Ishaku Abbo, allegedly beating up a lady in a brutal manner at an adult shop located in Abuja. Protests were staged at the police headquarters in Abuja, calling for his prosecution, while the lawmaker reportedly skipped plenary at the red chamber, ostensibly because of the backlash that followed his action, which happened in May 2019, few months after he was elected to represent the people of Adamawa North Senatorial District at the National Assembly. Though he initially promised to give a

By Omoshola Deji Election is the recruitment of persons with the largest percentage electorates feel are capable of actualizing their imaginings of an ideal nation. Nigerians elect their leaders every four years and the time is here. Parties have campaigned; candidates have promised; sociocultural groups have endorsed; observers have arrived; and Nigerians are preparing to elect their President and federal lawmakers on February 16. This piece appraises the election winning determinants to foretell the outcome of the presidential poll. A brief introduction and clarification is essential at this point. The writer, subsequently titled Pundit, is Nigeria’s election result Nostradamus. Foretelling

By Dipo Olowookere Motorists have been warned against travelling with gallons of Premium Motor Spirit (PMS) tucked inside their vehicles’ booths. This warning was given on Thursday by the Commander, Ore Unit of the Federal Road Safety Corps (FRSC) in Ondo State, Mr Philip Ozonnandi. Mr Ozonnandi said carrying petrol in jerry cans was not only “very dangerous” for motorists, but was also a “great offence.” “We are aware of the fuel situation right now but it is a great offence for motorists to travel with petrol in jerry cans in their vehicles’ booths. “We are reminding motorists that the

By Adedapo Adesanya A day after the Central Bank of Nigeria (CBN) quietly devalued the Nigerian Naira at the Investors and Exporters (I&E) segment of the foreign exchange (FX) market, the local currency traded flat on Friday. On Thursday, the domestic currency was devalued to N435.00/$1 from the preceding session’s value of N415.00/$1, indicating a change by N20 or 4.82 per cent against the United States Dollar. At the investors’ window yesterday, which was the last trading session of the year, the Naira traded flat against the American currency at N435.00/$1. During the session, the value of transactions depreciated by

By Aduragbemi Omiyale No fewer than 5,000 small and medium enterprises (SMEs) and entrepreneurs from across Africa will undergo free training at the Google Hustle Academy. The participants, to be drawn from Nigeria, Kenya and South Africa, will get training, one-on-one mentorship, access to industry leaders and keynote events. According to the organisers, business owners will undergo five days of hands-on training and receive 3,000 hours of training on fundamental aspects of the business to help them navigate the challenges faced by SMEs in Africa. The training curriculum includes strategic growth sessions including business growth strategy, building digital marketing roadmaps,

By Dipo Olowookere In order to infuse robotics and artificial intelligence (AI) into the education of the Nigerian child, Union Bank of Nigeria Plc has introduced an initiative called the Next Robotics Legend. The first-of-its-kind robotics training and competition is for students aged 11 to 16 and will focus on identifying and nurturing young potential inventors and creators who will receive the necessary training to solve some of the challenges facing the Nigerian society with the aid of robotics and AI. It was designed by Edu360, Union Bank’s education platform, in collaboration with Awarri, a pan-African technology company. A statement