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By Dipo Olowookere Schools have been urged to choose Ecobank Nigeria Limited as their preferred financial institution for fee payments and collections because of the exciting advantages the lender offers. The Head of Consumer Banking at Ecobank, Mrs Korede Demola-Adeniyi, made this appeal while rolling out the special loan packages designed by the bank for its back-to-school initiatives. Mrs Demola-Adeniyi said the financial institution created some packages for parents, guardians and schools in line with its overall strategy to support the development of the nation’s education sector. According to her, there is a Banking-for-School pack for educational institutions to access

By Adedapo Adesanya Yellow Card has joined forces with MoonPay, a global leader in the cryptocurrency ecosystem, towards expanding cryptocurrency accessibility in Nigeria by leveraging local bank transfers. Despite a ban on trading via official channels, Nigeria has emerged as a powerhouse in the African cryptocurrency landscape, with increasing numbers of individuals turning to digital assets to hedge against inflation and economic uncertainty. The volatility in the local crypto market, marked by the recent challenges faced by various crypto companies in Nigeria, has underscored the critical need for a stable and reliable means of accessing cryptocurrencies. This partnership between both

By Bliss Okperan The Managing Director and chief executive of First Bank of Nigeria Limited, Mr Adesola Adeduntan, has disclosed that financial institutions in the country have the balance sheet to support big-ticket transactions, particularly from offshore investors. President Bola Tinubu travelled to the United States last week for the United Nations General Assembly (UNGA) and went with some businessmen and bank executives, including Mr Adeduntan. The Nigerian leader used the occasion to urge foreign investors to bring their funds into the country because he would create a business-friendly environment to make their investments grow. Nigeria, which is the largest

By Modupe Gbadeyanka Africa’s leading payment cards and digital tokens brand, Verve, has joined forces with a fast-rising digital bank, Moniepoint Microfinance Bank, to provide customers with cutting-edge financial solutions. Recall that recently, Moniepoint announced its foray into the retail banking segment, issuing debt cards to its customers. The financial technology (fintech) firm boasts over 1.5 million businesses using its terminals across Nigeria to serve 30 million banked Nigerians. To pave the way for enhanced access to financial services for Nigerians and bridge the gap between traditional banking and modern fintech innovations, both parties are collaborating. The partnership will give

By Modupe Gbadeyanka The request of the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to restrain the Independent National Electoral Commission (INEC) and the Attorney General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, from preventing him from contesting the 2023 presidential election without vacating office has been rejected by a federal high court sitting in Abuja. It had been rumoured that Mr Emefiele was nursing a presidential ambition and last week, it became clearer when it was reported that three groups have obtained presidential nomination and expression of interest forms of the

By Dipo Olowookere The former Governor of Delta State, Mr Emmanuel Uduaghan, has commended the management of The Witness Newspaper led by Mr Julius Akpovire Enyeh for deeming it fit to care for the wellbeing of widows, vulnerable children and the aged in society. Speaking at the unveiling of The Witness Newspaper Foundation on Sunday, October 24, 2021, at the prestigious Lagos Continental Hotel (formerly Intercontinental Hotel), Victoria Island, Lagos, Mr Uduaghan said human capital development was one aspect most people and the government fail to pay attention to because of some factors. While commending the initiative, he urged more

By Adedapo Adesanya  Following the continuous spread of Coronavirus across the world, the Nigerian Embassy in China has advised Nigerians living in the Asian country, where the virus started, to stay indoors, take all necessary precautions and strictly adhere to all medical precautions. The embassy also advised Nigerians to maintain regular contact with some officers and to apprise the Embassy of developments as they unfold. In a statement released on Saturday, February 1, Nigerians residing in China were urged to reach out to the Minister Consular and Immigration, Mr Austine Ekeayanwu, on his official telephone number – 15010266280; Minister/Political, Mrs

By Dipo Olowookere Justice Muhammed Sirajo of a court of appeal sitting in Lagos has upturned the judgement of Justice O.O. Abike-Fadipe of the Lagos State High Court against Zenith Bank Plc. On March 8, 2022, Justice Abike-Fadipe directed Zenith Bank to pay Real Integrated & Hospitality Limited an interest of 15 per cent per annum on N872.8 million from May 17, 2011, when the advanced payment guarantees expired till judgment and thereafter at the rate of 10 per cent per annum until final liquidation. The company and the Gombe State Universal Basic Education Board (Gombe SUBEB) had sued the

By Dipo Olowookere An employee of Diamond Bank Plc, Mr Babatunde Fato, has been arraigned by the Economic and Financial Crimes Commission (EFCC) on allegation bordering on, false declaration of assets and fraud to the tune of $1 million. Mr Faro was brought before Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja on a 4-count charge on Friday. He was arraigned alongside another suspect, Mr Sada Adamu. The EFCC accused Mr Adamu of making cash payment of the said sum being an amount exceeding the stipulated N5 million threshold payable cash by an individual according to

By Dipo Olowookere The mid-level financial institution, Fidelity Bank Plc, is looking to source fresh funds from investors, especially new ones, to possibly use to expand its operations in Nigeria and abroad. Recall that recently, the lender announced the acquisition of Union Bank UK as part of its efforts to establish its footprint in the United Kingdom, where it believes it can penetrate. The commercial bank also intends to move up the ladder and become a tier-one banking institution in Nigeria and rub shoulders with the big boys of the sector like GTCO, Zenith Bank, Access Holdings, FBN Holdings and

By Adedapo Adesanya One of the leading property investment company, Afriland Properties Plc, is looking to expand its properties portfolio by tapping into the federal government’s infrastructural development plan ahead of 2020. This was disclosed by Managing Director/Chief Executive Officer of the company, Ms Uzo Oshogwe, at the first NASD Investors’ Call Forum, where market stakeholders were assured a better 2020 financial year. Speaking on the plans of the company, she said, “We are going to venture into infrastructure development because we know the government has already approved a lot of funding for it.” Ms Oshogwe further added that with

By Dipo Olowookere A company based in Canada, Globevest Capital Partners Limited, has acquired a 55.04 per cent stake in Smarts Products Nigeria Plc. The Canadian firm bought the shares from the acting Chairman of the organisation, Mr Aderonmu Ademola Abiola. The transaction, which involved the transfer of 24,768,579 ordinary shares to Globevest, was worth nearly N5.0 million (precisely N4,953,715) as the stocks were sold at 20 kobo per unit. Business Post reports that shares of Smart Products Nigeria closed flat on Monday, May 17, 2021, at 26 kobo per unit. The audited financial statements of Smart Products Nigeria for