UBA Makes U-Turn, Unblocks Use of Cards for Pōrn, Other Transactions

Agriculture is not just an industry; it’s the lifeblood of nations. It fuels economies, nourishes communities and sustains livelihoods. Access Bank, a leading financial institution in Africa, understands the vital role agriculture plays in the nation’s prosperity. In a bold move that underscores its unwavering commitment to fostering agricultural growth and ensuring food security in Nigeria, Access Bank is proud to announce the grand relaunch of its Agriculture Desk. The enhanced desk is aimed at empowering farmers, agribusinesses and the agriculture sector as a whole. For years, Access Bank has been at the forefront of supporting agriculture and agribusiness in

By Modupe Gbadeyanka Like a golden fish, which has no hiding place, Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings, was the cynosure of all eyes at the recently concluded Association of Issuing Houses of Nigeria (AIHN) Investment Banking Dinner and Awards ceremony. At the event held in Lagos, the company went home with five awards, named as the Best Investment Bank in Nigeria, the Equity Deal of 2022, the Best Equity House of 2022, the Best Corporate Bond House 2022 and the M&A Deal of the Year 2022. The recognitions spread across Stanbic IBTC Capital’s Advisory,

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

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

A company known as MAN Energy Solutions is considering delivering three power generation packages in Nigeria with the proven single-shaft MGT6000 gas turbine technology for about 20 MW to a power plant, which supplies heat and power to BPL oil & gas facilities 30 miles southwest of Port Harcourt in Nigeria. It was gathered that the order for MAN was placed by American EPC and equipment exporter Combustion Associates Inc. (CAI). Together with Exterran Corporation, the company is responsible for the engineering, manufacturing and installation of the overall project. The MAN turbine technology will deliver around 20 MW of power,

By Dipo Olowookere Kaspersky Lab has announced the global availability of Kaspersky Industrial CyberSecurity for Energy, a vertical advanced package for energy enterprises, based on Kaspersky Lab’s suite for protection of industrial infrastructure. Modern electrical power grids are complex networks, with integrated automation and control functions. However, because they communicate through open protocols, they do not have sufficient built-in cybersecurity functions to combat the increasingly sophisticated range of security threats they face. Kaspersky Lab’s recent report on industrial cybersecurity found that 92 percent of externally available industrial control system (ICS) devices use open and insecure Internet connection protocols. Since 2010,

By Aduragbemi Omiyale The popular call identification and blocking app, Truecaller, has changed its identity as part of its rebranding strategy to deliver more quality services to its customers. The firm has changed its logo and app icon and has introduced a new anti-fraud feature called Search Context as a part of its Artificial Intelligence (AI) identity engine. In a statement, Truecaller said the upgraded AI identity features were put in place for fraud prevention, giving customers more value. According to the company, this signifies a renewed and strong focus on consumer privacy and enhanced safety in communication. It stated

By Dipo Olowookere The market capitalisation of the Nigerian Stock Exchange (NSE) was jerked up by N1.38 trillion or 10.68 percent on Tuesday to N14.288 trillion as a result of the listing of 3.758 billion ordinary shares of the company. The exercise saw the stock market extending its gains on Monday by 0.10 percent to reduce the year-to-date loss to 6.72 percent. At the close of transactions, the All-Share Index (ASI) appreciated by 30.98 points to settle at 29,318.85 points. Despite closing in the green territory yesterday, the number of price gainers were lower than the price losers. A total

By Ebitonye Akpodigha Delta State’s 25th Anniversary Campaign emerged the winner of the maiden Public Sector Marketing Category of the Advertisers Association of Nigeria (ADVAN) Awards for Marketing Excellence 2016 at the MUSON Centre in Lagos at the weekend. Delta State Commissioner for Information, Mr Patrick Ukah, who received the award on behalf of the State Governor, Mr Ifeanyi Okowa, dedicated it to all Deltans and praised them for giving the governor the opportunity to serve, stressing that Governor Okowa was determined to fulfil his electoral promises anchored on the S.M.A.R.T agenda. According to Mr Ukah, the 25th Anniversary campaign

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By Adedapo Adesanya The Federal Government disclosed that it has discovered crude oil amounting to one billion barrels in North Eastern Nigeria. This was made known by the Minister of State for Petroleum Resources, Mr Timipre Sylva, at the Nigeria International Petroleum Summit (NIPS) on Wednesday. Speaking  at the event, Mr Sylva stated, ”The figure is not totally out yet but from the evaluation results we are getting, the reserve that has been discovered in the North-East is about a billion barrels. “Those are the kind of figures we are seeing and we are beginning to understand the geological structure

By Dipo Olowookere That the dividend payout of United Bank for Africa (UBA) Plc for the 2020 fiscal year was cut is no longer news, but the rationale behind the decision will interest shareholders. A few days ago, the tier-one lender announced its financial performance last year and the key performance indicators recorded improvements, including the gross earnings and profits. However, the cash reward given to investor was lowered by over 50 per cent as the board recommended a dividend of 35 kobo, lower than the 80 kobo paid for the 2019 fiscal year. Many investors were not happy about