Category: Business

In order to boost convenience and ease of banking as well as enhance customers’ digital banking experience, FirstBank has revamped its mobile banking application – FirstMobile . According to the management source, the bank recently increased its maximum daily limit to N500,000.00 without the use of a token and a total daily transaction limit of N1,000.000.00. The mobile banking app which is secure and easy to use, allows users to carry out banking transactions on the go from their mobile phones anywhere in the world.  FirstMobile comes with a user-defined…

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Malam Mohmoud Modibbo, manager of the Bakehouse Bakery in Kaduna, has revealed that 25 of its workers have been laid off due to rising price of flour. Mohmoud Modibbo said this in Kaduna on Monday that price of flour had gone up from N6, 000 to between N11, 000 and N12, 000 per bag. He said that the cost of flour and other inputs, 90 per cent of which were imported, had led to corresponding increase in price of bread. According to him, this development has drastically reduced sales, forcing…

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United Bank for Africa (UBA) Plc, last week had an interaction with students of the Gateway Secondary School, Abeokuta, Ogun State, to educate them on the need to cultivate the culture of savings as part of activities to mark the Financial Literacy Day . An Executive Director of the bank, Ayoku Liadi, who addressed the students, stressed the need for them to imbibe the habit of savings, and investing, “even from their pocket money and gifts,” insisting that was the only way they could plan for a better future. He…

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Access Bank Plc, one of Nigeria’s leading financial institutions on Wednesday, put smiles on the faces of it’s Shareholders after the 28th Annual General Meeting (AGM) of the bank in Lagos, having given out a total of N18.8 billion in dividends for the year ended December 31, 2016. The dividend translates to 65 kobo per share, up from 55 kobo per share received in 2015. The declaration of a better dividend payout for its shareholders was reflective of Access Bank’s better than expected revenue of N381.3 billion, an increase of…

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The food security and youth employment goals of the federal government is receiving major support with the establishment of a rice processing mill with 120,000 metric tonnes capacity in Argungu, Kebbi State by WACOT Rice Limited, a member of the TGI Group. The rice mill is part of WACOT’s expansion plan, which targets a capacity increase with additional rice plants to overall 500,000 metric tonnes in the next years. Located in Argungu Local Government Area, along the Argungu-Sokoto road, the rice processing plant is the first rice mill to be…

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In order to educate, inform, advise and inspire budding entrepreneurs with knowledge and expertise that will enable them build sustainable and successful businesses, Fidelity Bank Plc is sponsoring ‘The Fidelity SME Forum’, a weekly radio programme. This month, Fidelity Bank is hosting an entertainment series tailored to highlight the business side of entertainment and the opportunities that exist. Starting the series is Don Jazzy, CEO of the Supreme Mavin Dynasty. In this episode, Jazzy insight into ‘Understanding the Business Side of the Nigerian Entertainment Industry’. The episode also features Nnamdi Okonkwo, MD & CEO…

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Food lovers from across the world can once again look forward to an unparalleled culinary experience as the 2nd edition of the GTBank Food & Drink Fair is set to hold during the Worker’s Day holiday on Sunday the 30th of April and Monday the 1st of May, 2017. The 2-day event will treat attendees to enthralling gastronomic tours across a wide variety of exciting cuisines and delicacies while offering small businesses in the Nigerian Food Industry a free and vibrant platform to connect with a wider segment of their…

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In celebration of the 2017 International Women’s Day, Group Managing Director/CEO of Skye Bank Plc, Tokunbo Abiru, has extolled the role of women as change agents in the society. The IWD, marked every March 8, is a global day and an important opportunity to celebrate the social, economic, cultural and political achievements of women across the world as well as help to drive positive change for womenfolk. Mr. Abiru praised the resilience of women, who according to him, have over the years, shown what great pillar of support they can…

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Following a motion by Sen. Gbolahan Dada (Ogun-APC), Nigeria Senate on Thursday mandated its Committee on Customs, Tariff and Excise to investigate alleged unlawful raid of rice shops at Kayero Market, Sango Ota, Ogun by Nigeria Customs Service (NCS). Officials of the service were said to have raided the market on Feb. 22 and allegedly carted away goods and other commodities described as contraband. The senate’s resolution followed a motion by Sen. Gbolahan Dada (Ogun-APC), who alleged that the Customs officers broke into shops and made away with goods worth…

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The winner of the Porsche 911 Giveaway Draw organised by leading African Financial Institution, Guaranty Trust Bank plc, has opted for the cash equivalent of his Porsche 911 Carrera reward. Abdulkareem Buhari, a 30-year old trader in Kaduna, was announced as winner of the GTBank Porsche 911 Giveaway Draw after a raffle draw held on Wednesday, December 15, 2016 at the Corporate Head Office of the Bank. Following his preference of a cash equivalent, the Bank presented Abdulkareem with a cheque. The GTBank Porsche 911 Giveaway is part of the…

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