Ecobank Assures Farmers Smooth Processing of Agric Loans

By Modupe Gbadeyanka The Head of Partnerships at Stanbic IBTC Bank Limited, Ms Omolara Osunsoko, has posited that any economy that intends to flourish must do everything possible to support business owners, especially those in the Small and Medium Enterprises (SMEs) sector. The banker said this at a webinar organised to inform participants of a seamless payment experience for business owners through the enhanced Enterprise Online (EOL) payment platform. At the event themed Simplifying Payments for Businesses, the company unveiled EOL 2.0, an upgraded solution created to facilitate a smooth payment experience and improve human resources (HR) services for business

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 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

By Modupe Gbadeyanka A total of N652.23 billion was disbursed by the Federation Account Allocation Committee (FAAC) dto the three tiers of government in July 2017. This amount, according to a report released by the National Bureau of Statistics (NBS), was from the revenue generated in June 2017. The report noted that the amount disbursed comprised N570.58 billion from the Statutory Account and N81.64 billion from Valued Added Tax (VAT). However, no allocation was refunded to the Federal Government from the Nigerian National Petroleum Corporation (NNPC) and no amount was also shared from the Excess Petroleum Product Tax (PPT) Account,

By Adedapo Adesanya The Nigeria Centre for Disease Control (NCDC) has issued a public health advisory amid the recent increase in COVID-19 cases in the country and globally as the nation is set to celebrate the Eid-el-Kabir holidays. Business Post had on Thursday reported that the federal government declared public holidays for Monday, July 11 and Tuesday, July 12 to mark Sallah tomorrow. The Nigerian infectious diseases authority on Friday issued the warning as the number of weekly COVID-19 cases has increased globally for the third consecutive week – according to the World Health Organisation (WHO). “This is based on

By Dipo Olowookere A fresh suit has been filed by the Federal Government against Justice Adeniyi Ademola and his wife, Mrs Olabowale Ademola. This time, the government is filing the case through the Ministry of Justice at the Code of Conduct Tribunal (CCT). The FG is accusing the couple of failing to declare their assets and living above their means. This comes after the government could not nail Justice Ademola at a High Court sitting in Abuja. Justice Jude Okeke of the High Court of the Federal Capital Territory had on April 5, 2017, upheld a no case submission by

By Sodeinde Temidayo David In one week, the total value of transactions recorded at the Investors and Exporters (I&E) window of the foreign exchange (forex) market in Nigeria rose to $1.1 billion. Data obtained by Business Post from the FMDQ Securities Exchange showed that the weekly forex turnover at the I&E was 18.73 per cent or $183.56 million higher than the $980.1 million recorded a week earlier. The FMDQ exchange, which tracks trades on the Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) platform, revealed that the significant spike in the value of the transactions was due to the high FX

One of the companies reported to have received fresh funds from US-based private equity firm, Milost Global, Japaul Oil Plc, on Monday released its financial statements for the period ended March 31, 2018. The company, in the results, recorded a weak performance despite the announcement of $350 million to be injected into it early this year, which was aimed to boost its returns. An analysis of the financial statements by Business Post showed that Japual Oil achieved a loss after tax of N3.2 billion against the N519.7 million loss posted in the first quarter of last year. In the period

By Dipo Olowookere A partnership has been entered into by Royal Philips with the Kenya government and the United Nations (UN) to strengthen primary and community healthcare in Africa. The leading health technology company is coming on board as the first private sector partner to establish an SDG (Sustainable Development Goals) Partnership Platform in Kenya for accelerating primary healthcare transformation in support of universal health coverage. This unique platform will bring together executive leadership from government, development partners, private sector organizations and civil society to investigate opportunities for accelerating universal access to primary healthcare services in Kenya. Special focus will

By Modupe Gbadeyanka Stakeholders in the private sector have been urged to do everything possible to support young entrepreneurs in Africa. This call was made by the Group Chairman, United Bank for Africa (UBA) Plc and one of Africa’s top businessmen, Mr Tony Elumelu. Speaking during Richard Quest’s programme on CNN aired on the sidelines of the ongoing World Economic Forum (WEF) in Davos, Switzerland on Thursday, the serial entrepreneur said the time has come for priority to be given to the young ones, who he said “are the future of this great continent.” Mr Elumelu presently runs a programme

By Adedapo Adesanya Namibia has expressed willingness to extend a bilateral relationship with Nigeria as it seeks collaboration in the areas of energy and food sectors. This is one of its interests as it is set to host the 5th Session of the Namibia-Nigeria Joint Commission of Cooperation in Windhoek in August 2022. The southern African country said it will use this opportunity to push for improved bilateral relations between the two countries. Addressing a press conference in Abuja yesterday, the High Commissioner of Namibia to Nigeria, Mr Humphrey Geiseb said the present volume of trade between the two countries