Zenith Bank Launches Z-Money to Penetrate Retain Segment

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 The Economic and Financial Crimes Commission (EFCC) has alerted Nigerians of unauthorised bank withdrawals linked to Automated Teller Machine (ATM) card swap fraud. The commission issued the alert on Monday in a statement by the Head of Media and Publicity, Mr Dele Oyewale. According to the EFCC, fraudsters engaged in this activity typically keep a debit card from the same bank and, under the guise of assisting a confused bank customer at an ATM point, swiftly swap the card while memorising the PIN used with fake cards. “These cards get stuck in the machine due to a

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 Adedapo Adesanya MTN Group on Monday said it had signed an initial agreement with global payments giant, Mastercard, to sell a minority stake in its fintech arm as part of its plans to raise fresh capital. The South African telecommunications company said it had signed a memorandum of understanding (MoU) with Mastercard for a minority investment in its fin-tech arm, valuing it at around $5.2 billion, around 40 per cent of MTN’s total market value. This is according to its CEO, Mr Ralph Mupita, who said, “Signing of the definitive investment agreements is expected to occur in the very

By Adedapo Adesanya The Organization of the Petroleum Exporting Countries (OPEC) daily basket price increased to $44.29 per barrel on Tuesday from $43.03 per barrel on Monday. According to OPEC Secretariat calculations released on Wednesday, the average rose $1.26 or 2.93 per cent spurred by latest updates from coronavirus vaccine trials which indicated that the tested candidates were able to generate immune responses. Also known as the OPEC reference basket of crude oil, the OPEC basket, a weighted average of oil prices from different OPEC members around the world, is used as an important benchmark for crude oil prices. The

Are you looking to go on Kenya Holidays from Nigeria? Here is a simple guide to a fantastic fun-filled, hassle-free safari to Kenya. Holidays are not an everyday event. They come once in a lifetime, and you don’t just wake up one day and head on a tour. It’s something that requires planning way in advance and some bit of research if that dream vacation is anything to go by. However, planning where to travel, time to travel, and the type of trip can be daunting. Here is where the travel agencies come into play. Although you have to part

By Dipo Olowookere Traders in Abia State have secured a court ruling directing the state government to reduce the number of taxes and levies it collects from them. On October 18, 2018, the traders approached Abia State High Court sitting in Aba, seeking to stop the state government from further collecting what they described as illegal fees. They claimed that the Abia State government forces them to pay Armed Forces Remembrance Day levy, sanitation levy, sweeping levy, environmental levy, clean-up levy, scooping levy, ASEPA levy, fire extinguisher levy, shade numbering levy, security levy, market development levy, infrastructure levy, Bakassi levy

By Dipo Olowookere Rice is a staple food consumed by many Nigerians, but it is unfortunate that the country relies on importation of the commodity to meet local demands. However, Africa’s richest man, Mr Aliko Dangote, is determined to ensure rice importation in Nigeria becomes a thing of the past. This he is doing by aggressively investing in the rice sector and on Wednesday, Mr Dangote laid a foundation stone for the construction of a multi-billion Naira rice processing mill in Hadin, Jigawa State. This is part of the business mogul’s Rice Outgrower Scheme in Jigawa State and the mill

By Dipo Olowookere Office of the Head of the Civil Service of the Federation says it has commenced implementation of the Human Resource Module of the Integrated Personnel and Payroll Information System (IPPIS) in the Federal Public Service to improve efficiency of the payroll system, enhance data integrity, eliminate ghost workers and consolidate staff records and management. This was contained in a statement released to the press from the Public Relations Unit of the OHCSF. In a Circular titled: “Implementation of Human Resource Module of the Integrated Personnel and Payroll Information System (IPPIS)”, signed by the Head of the Civil

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has suspended the clearing of cheques instruments in the Nigerian clearing system indefinitely due to the COVID-19 outbreak. This was disclosed by the CBN in a circular signed by the apex bank Director on Banking Services Department, Mr Sam Okojere, on Monday to all Deposit Money Banks (DMBs) and the Nigeria InterBank Settlement System (NIBSS). However, the CBN clarified that settlement activities for electronic instruments would continue to hold during this period of suspension. Referenced BKS/DIR/GEN/ClR/O7/002, the nation’s monetary authority said the directive followed the lockdown issued by the President, Mr

By Dipo Olowookere The year 2017 has shown a steady flow of transactions and activities in the Naira-settled OTC FX Futures market. This market, which was borne out of the desire to address the need for risk management in the Nigerian FX market has continued to show appreciable potential as an effective hedging product for investors (local and international), businesses and government institutions alike. To date, $10.38 billion worth of OTC FX Futures contracts have traded so far with the Central Bank of Nigeria (CBN) remaining steadfast in its commitment to ensuring the success of the market. As it has