Heritage Bank, Gezawa to Ease Agro Commodity Trading

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 Nigerian lender, Fidelity Bank Plc, has agreed to adopt the single framework for a sustainable banking industry developed through collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI). Called the UN Principles for Responsible Banking (PRB), the initiative is a structure for ensuring that banks’ strategy and practices align with the vision society has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement. Banks which have signed the principles commit to being ambitious in their sustainability strategies, working to mainstream and embed sustainability into

By Modupe Gbadeyanka A global provider of audit and certification services, MSECB, has issued a certification to Access Bank Plc for its Anti-Bribery Management System. The certification was issued to the Nigerian lender after implementing effective measures and fostering a culture of integrity within its system and operations. With this certification, Access Bank aims to provide its customers with the highest level of confidence in the bank’s unwavering integrity, assuring them of its zero-tolerance policy for bribery and ethical misconduct, thus fostering a positive relationship, and building trust and credibility among its stakeholders, including customers, partners, and investors. The bank

By Adedapo Adesanya The Federal Government of Nigeria has said that it has implemented plans to get a 20-year economic development strategy running, which will replace the Vision 2020 elapsing next year. This was disclosed by the Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, while speaking at the BusinessDay Investment and Capital Markets conference held in Abuja on Thursday. She said there will also be a five-year plan to succeed the Economic and Recovery Growth Plan (ERGP) which will also expire in 2020. “Having recognized that Nigeria’s past failure to plan and execute sustainable diversified and inclusive

By Modupe Gbadeyanka The federal government has been advised to consider exempting the aviation industry from the payment of customs duty and value added tax (VAT). These exemptions would be for the importation of commercial aircraft and spare parts, according to the Senate, which debated the huge challenges facing the sector at the moment. In March 2020, the federal government shut down the nation’s airspace as a result of the COVID-19 pandemic and operations were only allowed to resume six months after. Even after the resumption, most airlines are struggling to operate at full capacity because of the various policies

By Queen Nwabueze In public relations, just as you and I can’t deny that PR starts and ends with research, we have agreed that Ad value equivalencies, impression counts, and clicks ALONE don’t measure awareness and other outcomes. Therefore, unless you plan and measure in a way that matters, campaign success may not be in the cards. At least, not in the way to pass the test of a true expert. Let’s make this straight. Are you into the hallowed communications profession in whatever form? Never underestimate the benefits of measuring your Public Relations campaigns. DON’T measure using empty or

By Aduragbemi Omiyale The Oyo State government has directed all public schools in the state to resume for the second term 2021/2022 academic session on Monday, January 10, 2022. This directive for the resumption of Oyo schools was contained in a statement issued on Tuesday by the Oyo State Universal Basic Education Board (Oyo SUBEB). It quoted the Executive Chairman of the board, Mr Nureni Aderemi Adeniran, as making the declaration during a New-Year Prayer session with staff members of the agency today. He said the resumption date was approved by the Ministry of Education, Science and Technology, adding that

By Modupe Ggbadeyanka To enable Nigerians to enjoy quality, nutritious and affordable foods, a leading agribusiness in food, feed and fibre, Olam Agri, said it is investing in innovative food production processes and food fortification facilities such as Vitamin Premix. The Country Head of Olam Agri Nigeria, Mr Ashish Pande, said this was why the company established the Seeds for the Future initiative, a multi-million naira, multi-year value chain intervention project targeted at driving Nigeria closer to attaining wheat production self-sufficiency. The initiative was initially launched in 2021 but has since been scaled into a full-fledged foundation focusing on supporting

By Dipo Olowookere A bank war seems to have been started by Sterling Bank Plc with its latest artwork released on Friday, July 20, 2018. In the artwork, pictured above, the mid-level lender showed a man, while accessing banking services, discovered that he was experiencing regression with arrows going down (Access Bank); got jailed or duped (GTBank); had an elephant that was too sluggish to him to his destination (First Bank) and got a stallion carrying with no direction (Union Bank). Sterling Bank also wrote in the artwork that, “In shooting to for the moon, men become stars.” But three

By Investors Hub Asian stocks ended mostly lower on Thursday after upbeat U.S. economic data drove 10-year U.S. Treasury yields to their highest level since 2011, raising concerns the Federal Reserve may raise interest rates aggressively. The Chinese markets remain closed all week for the National Day holiday. Hong Kong’s Hang Seng Index plunged 467.39 points or 1.7 percent to 26,623.87 on fears about an extended series of interest rate hikes by the Federal Reserve. Japanese shares closed lower after rising earlier in the day on the back of a weak yen and a record close on Wall Street overnight.

By Investors Hub The major U.S. index futures are pointing to a mixed opening on Monday following the pullback seen by the major averages last week. A steep drop by shares of Boeing (BA) is likely to weigh on the Dow, as the aerospace giant is plunging by more than 10 percent in pre-market trading. Boeing is under pressure following the crash of Ethiopian Airlines Flight 302, which is the second crash in five months involving the company?s 737 Max 8 model. Meanwhile, the broader Nasdaq and S&P 500 may move to the upside following the release of a report