Zenith Bank Retains Award for Adherence to Global Best Practices

By Modupe Gbadeyanka Customers of Ecobank Nigeria have been urged to remain on the alert as some scammers are taking advantage of SIM swaps to dupe their unsuspecting victims. The financial institution issued this alert in an email message to customers, urging them not to lose guard. The bank said phone users, who attached their mobile numbers to their bank accounts, to take extra caution when swapping their SIM cards, so as not to be victims of fraudsters. The lender explained to customers that SIM swap fraud occurs when scammers use your phone number to access your accounts. “Scammers impersonate

By Modupe Gbadeyanka It was a double reward for a foremost microfinance institution, Advans Nigeria, at the recently concluded Marketing Edge Awards in Lagos. The firm, a subsidiary of Advans Group, was announced as the Most Innovative Microfinance Bank of the Year and the Most Customer-centric Microfinance Bank of the Year. The double awards are coming after the organisation was recently named as The Best in Retail Banking of the Year at the Pan African International Award. Advans Nigeria won the accolades due to its top-notch financial services and unwavering commitment to its customers. “We are immensely proud to receive

By Aduragbemi Omiyale Despite the challenging operating environment characterised by the Naira redesign policy and the foreign exchange (FX) unification policy of the Central Bank of Nigeria (CBN), Zenith Bank Plc showed why it is one of the strongest lenders in the country. Analysis of its financial statements for the first six months of 2023 showed that its gross earnings surged by 139 per cent to N967.3 billion from the N404.8 billion achieved in the same period of last year. It was observed from the results filed to the Nigerian Exchange (NGX) Limited on Monday that this triple-digit growth in

By Modupe Gbadeyanka The Ivorian Minister of Transport, Mr Amadou Koné, and several government Ministers gathered to launch a ground breaking initiative as part of the country’s commitment to the Paris COP 21 agreement. The Minister unveiled a fleet of buses commissioned by the Société des Transports Abidjanais (SOTRA), supplied by IVECO and fuelled by compressed natural gas. ENGIE and Tractebel collaborated to engineer, supply and install the first ever compressed natural gas (CNG) fuelling station in Abidjan. The CNG fuelling station is located on SOTRA’s premises in Yopougon, Abidjan, and will facilitate the operation of the new range of

By Adedapo Adesanya The Chairman/Chief Executive of the National Drug Law Enforcement Agency (NDLEA), Mr Mohamed Buba Marwa, has commended the German government over ongoing efforts to boost the operational capability of the agency towards its continuous efforts at fighting drug abuse in Nigeria. This followed the plans to build a €2 million world-class narcotic detection dog training facility and the supply of dogs and vehicles to boost NDLEA’s operations. Mr Marwa gave the commendation when Mr Jan Ritterhoff, BKA liaison officer at the German embassy in Nigeria paid him a visit to discuss modalities for the project’s take off.

By Modupe Gbadeyanka The management of Equity Assurance Plc has announced the postponement of its Annual General Meeting (AGM) earlier scheduled for end of this month. In a statement issued to the Nigerian Stock Exchange (NSE) on Wednesday, August 23, 2017, the firm did not give reason for this development. However, the firm, in the statement signed its Secretary, Mr John Nkemakonam Akujieze, said a new date would be made known to shareholders. “We hereby notify the general public that the Annual General Meeting of the scheduled to hold on Tuesday, August 29, 2017, is hereby postponed. “A notice to

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has renewed Cellulant’s Payment Service Solution Provider License in Nigeria, enabling the company to continue providing online and offline payment solutions, including collections, check-out, biller aggregation, and payout services securely to thousands of businesses across the country. Through its digital payments platform, Tingg, Cellulant enables businesses to accept and make payments offline and online seamlessly. A single integrated digital payments solution, Tingg is one of the many products hoping to solve various challenges in the transactions space by delivering a single solution to accept all digital payment methods – bank transfers,

By Modupe Gbadeyanka A new report by the Ecobank Research team has revealed that Nigeria accounts for 90 percent of the Gross Domestic Product (GDP) of Anglophone countries in West Africa. Anglophone West Africa, which stretches from Gambia in the West to Nigeria in the East, covers six countries; Ghana, Guinea, Liberia, Nigeria, Sierra Leone and The Gambia and encompasses the West African Monetary Zone (WAMZ), which draws together the mostly English-speaking countries of West Africa. The Ecobank Research team in its newly published Anglophone West Africa section of its flagship financial website, AfricaFICC, said economic forecast for the region

By Modupe Gbadeyanka Paramount Yoruba traditional ruler, Oba Adeyeye Ogunwusi Ojaja II, the Ooni of Ife, has partnered with Empower 54, a non-profit organization, to create awareness and promote solutions to end malnutrition in Africa, which currently kills 2.3 million children annually in Nigeria. Empower 54 Project Inc (Empower 54) is a US non-profit organization providing humanitarian assistance since 2003 through health, education, empowerment, and IDP/refugee programs to underprivileged Africans. According to the founder and President of Empower 54, Princess Modupe Ozolua, Nigeria’s Minister of Health has declared that “one-third, 33 percent of Nigerian Children under 5 years old suffer

By Adedapo Adesanya The Senate has called for the need to install computerized oil facilities management gadgets for crude oil businesses in Nigeria, noting that this would enhance productivity. This call was made while deliberating on the motion raised by Senator George Sekibo (PDP, Rivers East) at the plenary session on Thursday, November 28, 2019 in the nation’s capital, Abuja. Senator Betty Apiafi (PDP, Rivers West), who seconded the motion, argued that, “Some communities in Niger Delta still complain of military damage of barges which in turn damage the environment. Software maintenance should be deployed in managing petroleum products.” “This

Ahmed Rahma In order to reduce the impact of inflation on Nigerians, especially the low-income earners, the federal government is planning to exempt those earning the N30,000 national minimum wage from the payment of personal income tax from next year. President Muhammadu Buhari, speaking on Monday at the opening session of the 26th Nigerian Economic Summit Group conference themed Building partnerships for resilience in Abuja, stated that this has been included in the 2020 Finance Bill to be forwarded to the parliament soon. The President, who was represented at the event by the Vice President, Mr Yemi Osinbajo, expressed optimism