Heritage Bank Vows to Finance Business Plans of BBNaija Ex-Housemates

By Adedapo Adesanya The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to strengthen its banking supervision to prevent some crucial Nigerian banks from failing due to its planned recapitalisation. Last Friday, the Governor of CBN, Mr Olayemi Cardoso, said the CBN would be directing banks to increase their capital base to serve a $1 trillion economy to be achieved by 2030. In a statement signed by Mrs Chinyere Almona, the director general of LCCI, the chamber said, “On recapitalisation of banks, we commend the plan of the apex bank to review the

By Modupe Gbadeyanka A partnership for the deployment of a patronage reward product has been entered into between Unity Bank Plc and Cashtoken, a cash reward-as-a-service company that operates a loyalty programme designed to power customer engagement and improve customer satisfaction. This collaboration will see the bank’s customers winning millions of Naira in cash rewards and guaranteed instant cashback. A statement issued by Unity Bank said this scheme provides an opportunity to migrate old and new customers to a platform that will continually create exciting rewards and appreciation for loyalty. It said this initiative would not only reward existing customers

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 Atonyesia Dimieari-Peterside When, in 2019, a non-governmental and non-profit organization, Citizens Quest for Truth Initiative, came on stream, not a few persons consigned her future to the dustbin. One of the reasons stemmed from the fact that people knew next to nothing about the vision and mission of the NGO. Another being that, to most of such initiatives, political colouration won’t allow them to stand the test of time. This latter group of persons, therefore, spared nothing in their avowed commitment in seeing that every step of Citizens Quest in realizing her objectives, was smeared with putrid political innuendos

By Dipo Olowookere The first trading session at the Nigerian Exchange (NGX) Limited ended bullish on Monday with a 1.45 per cent growth inspired by sustained buying pressure. Investors showed renewed interest in the local stock market as a result of the solid third-quarter earnings of companies listed on the trading platform. It was observed that traders were mopping up shares of organisations across the sectors and categories in anticipation of higher return on investment in the coming weeks. Analysis of the data from the bourse indicated that 45 equities were on the price gainers’ log and 16 stocks finished

By Adedapo Adesanya Governor Babajide Sanwo-Olu of Lagos State has assured residents of Badagry more dividends of democracy, noting that he will continue to fulfil the promises he made to them during his campaigns in 2019. Mr Sanwo-Olu gave this assurance when he commissioned three projects in the area on Saturday. The projects commissioned were the Lagos State Affordable Public Housing Scheme in Idale, the flag-off of the reconstruction of hospital road, and the Maternal and Childcare Centre and School of Anaesthesia, Badagry. At the inauguration of the 252 two-bedroom bungalows at Idale, Governor Sanwo-Olu reiterated the commitment of his

By Adedapo Adesanya Oil prices continued to trade down on Monday, April 20, but the massive crashing of the West Texas Intermediate (WTI) below $0 into the negatives was the screamer. Yesterday, prices of the US oil traded into the negative region for the first time in history, resulting into producers paying buyers for the purchase of their products because their storage facilities have been filled up. As a result, the US benchmark May contract traded as low as -$37.63 per barrel, dropping $-55.9 equivalent to 306 percent. On Monday morning, the commodity had traded at $15 per barrel. The

By Dipo Olowookere An online lifestyle network powered by the United Bank for Africa, REDTV, has launched a new crime series titled ‘Inspector K’. Inspector K is a crime comedy about a wacky inspector who through unconventional ways solves crimes in the city of Lagos. He is supported by two clueless but surprisingly sometimes intelligent police officers Inspector K put his division on the map through the immense success he has in solving unsolvable cases. A new murder case is being handled in his division and Inspector K will be taking the lead The series was launched on REDTV on

From the highly anticipated Level Up Big Brother Season 7 reunion to the love-seeking adventure of What Will People Say? and electrifying Nigerian Idol performances, here’s a recap of some of our favourite television programmes that aired over the weekend and during the course of the week on GOtv: Big Brother Naija Reunion The Level Up reunion of Big Brother Season 7 commenced on Monday, June 19th. The reunion began with a recap of the housemates’ trip to South Africa earlier this year, sponsored by MultiChoice and Pepsi Nigeria. During the trip, the housemates enjoyed activities such as wine tasting,

By Dipo Olowookere The Estée Lauder Companies has partnered with Jumia, the leading online retailer in Nigeria to launch for the first time three of the company’s brands – Clinique, Estée Lauder and Aramis. “With this new partnership on the Jumia platform, customers and beauty enthusiasts all over Nigeria can now access the premium products from Clinique, Estée Lauder and Aramis with the assurance of Jumia’s buyer protections. “Each of our visitors will enjoy country-wide delivery, 7-day free returns, and varied payment options including cash on delivery,” Jumia Nigeria CEO, Juliet Anammah, disclosed. According to the Country Manager for The

By Adedapo Adesanya Brent crude sold for $75.46 per barrel, its highest levels since late July, on Wednesday after it appreciated by $1.86 or 2.5 per cent as early reports show there was a greater draw in crude oil inventories in the United States, the largest oil-producing country. Also, this development jerked the price of the US West Texas Intermediate (WTI) crude higher by $2.15 or 3.1 per cent to $72.61 per barrel during the session, its highest since early August. The US Energy Information Administration reported a 6.4 million barrels draw in crude oil inventories and another draw in