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Why CBN Revoked Skye Bank’s Licence

By   /  September 22, 2018  /  Business  /  No Comments

CENTRAL BANK OF NIGERIA STATEMENT ON SKYE BANK, BY GODWIN EMEFIELE   Gentlemen of the Press   You will recall that on 4th July 2016, we took a regulatory action on Skye bank Nigeria PLC. Specifically, this action led to the resignation of the Chairman, all Non-Executive Directors on the Board as well as the […]

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Lancaster University Honours Valentine Ozigbo, MD/CEO Transcorp Hotels

By   /  September 22, 2018  /  Business  /  No Comments

The Managing Director/Chief Executive, Transcorp Hotels Plc, Mr. Valentine Ozigbo, was on Friday conferred the award of a Distinguished Alumni of the Lancaster University. The award was conferred on him at a special convocation ceremony of the university held at its Ghana Campus.   The University’s Vice Chancellor, Prof. Mark Smith, who spoke during the […]

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Tony Elumelu Foundation To Launch World’s Largest Digital Platform For African Entrepreneurs At TEF Forum 2018

By   /  September 20, 2018  /  Business  /  No Comments

Africa’s leading entrepreneurship focused philanthropy, The Tony Elumelu Foundation, is launching the world’s largest digital platform for African entrepreneurs and the African entrepreneurship ecosystem –  TEFConnect.   TEFConnect will officially be unveiled at this year’s TEF Forum, taking place on October 25, 2018, at Federal Palace Hotel, Lagos, Nigeria.   Harnessing and building on the […]

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Mainone And Orange Ink Deal To Boost Internet Access Into Francophone West Africa

By   /  September 18, 2018  /  Business  /  No Comments

French Telecoms company, Orange and leading West African Connectivity and Data Centre services provider, MainOne have struck a partnership that will see the French telecoms giant co-invest in two new cable landing stations in Dakar, Senegal and Abidjan, Cote D’Ivoire while the broadband infrastructure provider will provide additional capacity via its 7000km cable system from […]

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Banks To Pay N10,000 Fine For Each Failed Transaction Not Reversed Within 24 Hours-CBN

By   /  September 17, 2018  /  Business  /  No Comments

The Central Bank of Nigeria (CBN) has directed banks to pay N10,000 for each failed transaction based on customers’ complaints not reversed within 24 hours.   This was contained in a circular by the apex bank, which also noted that the same fine shall apply for issues relating to the Nigeria Interbank Settlement System Instant […]

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Diamond Bank Partners Facebook To Host Shemeansbusiness Training For Female Entrepreneurs In Calabar

By   /  September 7, 2018  /  Business  /  No Comments

Diamond Bank in partnership with Facebook has commenced the first phase of targeted training for Small and Medium-scale Enterprises (SME) owners to enhance their businesses through online marketing platforms.   The training exercise, which commenced in Calabar, Cross River State on Thursday, 30 August 2018 with over 120 SME owners in attendance, is aimed at […]

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UBA’s Leo Launched On Whatsapp

By   /  September 5, 2018  /  Business  /  No Comments

Pan-African Financial Institution, United Bank for Africa (UBA) has announced the commencement of its chat bank ‘Leo’ on the WhatsApp platform.   With Leo on WhatsApp, customers who are users and lovers of the app can now can perform basic banking services including checking their balances on the go, transferring funds, paying bills, among other […]

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NOVA Merchant Bank Appoints Anya Duroha As Acting Managing Director / Chief Executive Officer

By   /  September 3, 2018  /  Business  /  No Comments

NOVA Merchant Bank Limited has announced the appointment of Mr. Anya Duroha as the Acting Managing Director / Chief Executive Officer of the Bank.   The appointment, which is subject to approval of  the Central Bank of Nigeria, became effective on  August 30th 2018.   Prior to the appointment of Mr Duroha as the Acting […]

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Buhari Appoints MD Of Security Printing And Minting Company

By   /  September 2, 2018  /  Business  /  No Comments

President Muhammadu Buhari has approved the appointment of Abbas Umar Masanawa as the Managing Director of the Nigerian Security Printing and Minting Company, according to a Daily Trust report.   The approval was conveyed via a correspondence dated August 28, 2018 in a response to a request for the approval sent to the President by […]

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UBA Appoints Four New Board Members

By   /  September 1, 2018  /  Business, Headlines  /  No Comments

The Board of Directors of the United Bank for Africa is pleased to announce the appointment of four new members to its board, subject to the approval of the Central Bank of Nigeria(CBN).   The new board members are Mrs. Erelu Angela Adebayo, Ms. Angela Aneke, Alhaji Abdulqadir Jeli Bello and Mr. Isaac Olukayode Fasola. […]

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