Category: Business

Pan-African financial institution, United Bank for Africa (UBA) Plc, has again demonstrated its superiority in the Nigerian e-Banking space with the  issuance of over three million Near Field Communication (NFC) technology enabled  contactless cards to its teeming customers. UBA has revolutionised the payments landscape in Nigeria in 2015, with the introduction of contactless payment cards which enable customers pay with ease by leveraging the NFC technology. The NFC technology allows wireless communication between devices that are a few centimetres apart. The NFC payment Card uses microchips/antenna to transmit data via…

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The electronic tax payment campaign has been flagged off by the Lagos State Governor, Mr. Akinwunmi Ambode. The electronic tax payment is to allow residents and citizens of Lagos State to pay their taxes directly to the coffers of the State Government. The flag-off campaign was kicked off at the Guaranty Trust Bank, Opebi branch, Lagos on Monday February 19, 2018. Speaking at the flag-off ceremony, the Lagos State Governor, Mr. Akinwunmi Ambode noted that this noble effort was implemented so as to help tax payers make direct deposits to…

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Union Bank, one of Nigeria’s most trusted financial institutions, in collaboration with Connect Nigeria has announced the launch of the Top 100 Emerging SMEs campaign at the just concluded eBusiness fair for Small to Medium Enterprises (SMEs) which held recently at the Eko Hotel & Suites in Lagos. The eBusiness fair, organized by Connect Nigeria and sponsored by Union Bank, is reputed as one of the largest gatherings of SMEs on the African continent, drawing business owners, startup founders and aspiring entrepreneurs from across the continent. The Top 100 Emerging…

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Foremost African financial institution, Guaranty Trust Bank plc, has launched the Dusty Manuscript Contest(csr.gtbank.com/dustymanuscript) to give budding writers the opportunity to win publishing deals for their finished, but yet-to-be published, manuscripts. Organized in partnership with publishing houses Okada books and Farafina, the contest is part of the Bank’s YouREAD initiative which is aimed at promoting the culture of reading. The Dusty Manuscript Contest is the latest in a long line of GTBank initiatives geared towards promoting the appreciation of Art and supporting creative potential. In 2017 the Bank remodelled the old Herbert…

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One of the leading financial institutions in Nigeria, Access Bank Plc, has just clinched the ‘Best Overall Website’ in the Banking Category of the 2017 Web Jurist Awards by Phillips Consulting. The Bank led on almost all parameters used to evaluate the winners. Access Bank’s points from the different categories summed up to a total of 315, followed by Zenith Bank with a total rating of 303 points, while UBA took the third spot. Access Bank’s claim of the top prize didn’t come as a surprise to many within the…

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Reflecting its leadership position with the efficiency and creativity of the Bank’s Automated Teller Machines (ATMs), First Bank Plc has accounted for about 402,102 bill payments made through it’s ATMs in 2017. This was made known in a statement by First Bank Plc. BANK customers used ATM to purchase N1.7 billion phone airtime in 2017, even as the bank accounted for 37 percent of bills payment transactions on ATMs across the country. “FirstBank is presently leading in the industry as the bank with the highest number of Automated Teller Machines…

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Managing Director, Fidelity Bank Plc, Mr. Nnamdi Okonkwo has revealed that the number of Micro, Small and Medium Enterprises (MSMEs) operating in Nigeria doubled over two years between 2011 and 2013, from 17.9 million to 39 million. He stated this at a Business, Entrepreneurship, Empowerment and Professionalism (BEEP) Conference 1.0 organised by Flame Academy and Consulting Limited, in Lagos, with the theme: “Developing Professionals, Improving Businesses”. He said: “With Nigeria’s over 180 million populations, 60 percent are within age 15 and 55 and that suggests a youth based population. “In…

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Over 1000 investors, startups, hardware/software professionals, business developers, policy makers and other key stakeholders in the startup and technology sector recently converged at the Landmark event Centre in Lagos for the 2018 Techpoint Build event. The event, which is a brainchild of the Techpoint.ng team was tagged ‘Using technology to accelerate the nation’s economy’. Sponsored by Union Bank in collaboration with Nokia and Farmcrowdy among others, the event was a platform for stakeholders to critically address and proffer lasting solutions to challenges associated with the Nigerian technology startup sector. It…

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Union Bank, one of Nigeria’s longest serving banking institutions, has been named ‘The Fastest Growing Retail Bank, Nigeria’ in the 2017 edition of the International Finance Magazine (IFM) Awards. The award was presented at the IFM Award ceremony which took place this January in Dubai, United Arab Emirates. The IFM Award is a leading international award that celebrates excellence within the international finance industry. According to a statement released by IFM, the awards shine the spotlight on organizations and individuals who make contributions that raise the bar in the financial…

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