Ecobank Takes EcobankPay Zone to Mushin Market

By Aduragbemi Omiyale The popular Ajose Adeogun Street and Roundabout on Victoria Island, Lagos, is wearing a new look, thanks to Zenith Bank Plc, which designed the areas with beautiful Christmas decorations. The yearly ritual of the financial institution is a part of its Corporate Social Responsibility initiatives aimed at setting the tone for the Christmas and Yuletide seasons. Performing the Light-Up ceremony, the 17th of its kind recently, the chief executive of Zenith Bank, Mr Ebenezer Onyeagwu, expressed his delight in heralding the 2023 Yuletide season by lighting up the iconic Ajose Adeogun Street and Roundabout. He urged everyone

By Adedapo Adesanya President Bola Tinubu has thrown his full weight behind the plan by the Central Bank of Nigeria (CBN) to increase the capital base of banks in the country. The President expressed his views on this move, which last occurred in 2005, through his Special Adviser on Information and Strategy, Mr Bayo Onanuga, in his message at the 40th anniversary of The Guardian Newspapers in Lagos on Tuesday. He said bank recapitalisation was crucial to Nigeria achieving a $1 trillion economy. “Amidst the general lull in a global economy, our ambition to attain a $1 trillion economy appears

By Adedapo Adesanya Nigerian bank, Union Bank, alongside energy company, Riverside LNG of Nigeria, have signed different agreements that involve a $500 million renewable energy pact and gas export between Nigerian and German entities. Union Bank and DWS Group signed a pact on cooperation in renewable energy while Riverside LNG of Nigeria and Johannes Schuetze Energy Import AG of Germany on the gas export partnership. President Bola Tinubu witnessed the signing of the two Memoranda of Understanding (MoU) in Berlin, Germany, at the 10th German-Nigerian Business Forum, according to Mr Ajuri Ngelale, the President’s Special Adviser on Media and Publicity.

By Adedapo Adesanya The Nigerian Maritime Administration and Safety Agency (NIMASA) is targeting the acquisition of 28 vessels with a total of $700 million through the Cabotage Vessel Financing Fund (CVFF). This was disclosed by the Minister of State for Transportation, Mr Ademola Adegoroye, while speaking at the maiden annual lecture of the Institute of Maritime Studies at the University of Lagos (UNILAG). He said that the government would do everything possible to make it easier for ship owners to acquire more ships with a view to growing the Blue Economy initiative. Mr Adegoroye also said that the ministry is

By Adedapo Adesanya The first match of the 2022 FIFA World Cup taking place in Qatar may be moved backward by the organisers, new reports suggest. The reason is to allow the host nation to be involved in the first match and will mean that the tournament will now be staged from November 20 to December. The tournament had originally been scheduled to get underway on Monday, November 21 with African champions, Senegal, taking on the Netherlands in Group A. However, multiple reports confirm that FIFA now plans to move host nation Qatar’s opening clash against Ecuador, also in Group

By Ahmed Rahma Nigerians may begin to heave a sigh of relief as the Airtel Nigeria has commenced the enrolment of its subscribers for the National Identification Number (NIN). Since the federal government announced that mobile phone owners who failed to link their SIM cards with their NINs would be disconnected, things have not been easy for Nigerians who do not have NIN. At the various offices of the National Identity Management Commission (NIMC) across the country, the huge crowd has caused many to worry, especially because of the risk of being exposed to COVID-19. But many of them have

By Dipo Olowookere Justice Abubakar Idris Kutigi of an FCT High Court in Gwagwalada, Abuja, has ordered the arrest of a former Minister of Petroleum Resources, Mr Dauzia Loya (Dan) Etete and two others; Mr Munamuna Seidougha and Mr Amaran Joseph. This directive was given Thursday after the Economic and Financial Crimes Commission (EFCC) filed an exparte application on the matter involving Mr Etete in the Malabu oil deal. The commission accused the three suspects of defrauding the Nigerian government in the $1.09 billion Malabu Oil Block (OPL 245) Settlement Agreement. At the court today, counsel for the EFCC, Mr

By Kester Kenn Klomegah In this interview, Patrick Makokoro, the Founder and Chief Executive Officer of Nhaka Foundation, discusses the organisation’s efforts at supporting education and health care in rural regions in Zimbabwe, a landlocked country located in southern Africa. According official information, Zimbabwe’s total population stands at 12.97 million. Due to large investments in education since independence, Zimbabwe has the highest adult literacy rate, in 2013 was 90.70 percent, in Africa, but much still remains to be done in the sector. Makokoro founded the Nhaka Foundation in 2008 as a charitable organisation that provides education, health care and counselling,

Verve, a leading payments technology and card business in Africa, held a first transaction event this week in Dubai, United Arab Emirates. Verve Global cardholders can now use their cards on Discover Global Network to transact in more than 185 countries and territories, including Dubai, United Arab Emirates. The first transaction event took place at Emperor Retail outlet, City Walk by Meraas Al Safa Str. Dubai. Senior executive members of Verve International were joined at the event by key partners including Jerry Fosker, a senior Executive from Discover Global Network, Shamsudeen Fashola; Group Head Retail Banking FCMB, Margaret Okhoya; Product

A Haitian politician, Mr Werley Nortreus, has advised African citizens and investors not to consider going to the Caribbean country for investment or visiting because of the high level of crime there. Speaking on Sunday, Mr Nortreus stated that Haiti is being overwhelmed by widespread violence and killings, which are threatening the safety of citizens, visitors and investors. Last week, the Haitian population, along with the police, killed and burned more than 20 residents who they said were gang members. After the assassination of the former Haitian President in 2021, the US and Canada were among the countries that ordered

By Ebitonye Akpodigha Discussions have commenced between the Federal Government and the organized labour unions (ASBIFFE & NUBUIFE) in the financial sector in Nigeria with a view to solving the lingering retrenchment and other major labour issues in the industry. The two major unions at the meeting were the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFE) and the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE). It would be recalled that few months ago, the FG directed banks in the country not to sack any of its employees, but this was not adhered to.