Category: Business

One lucky customer of Skye Bank Plc., Olusola Olusegun Ezekiel emerged the first winner and a Millionnaire of the draw of the Bank’s flagship ‘Reach for the Skye Millionaire reward promo’ season II which held today, even as the Ayangburen of Ikorodu, Oba Kabiru Shotobi endorsed the initiative as life changing. Forty other customers of the Bank also walked away with consolation cash reward of N100, 000 for 10; and N50, 000 to another 10 customers, while 20 loyal customers won N20, 000 with new customers who opened account at…

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Contrary to the claims of former CBN deputy governor, Dr. Obadiah Mailafia, the Central Bank of Nigeria, said yesterday that only less than one percent of the Naira in circulation was fake. Dismissing Mailafia’s claims that up to 20 percent of the Naira in circulation was fake, CBN’s acting Director, Corporate Communications, Mr. Isaac Okoroafor, said in a statement issued last night:  ‘’The attention of the CBN has been drawn to certain spurious and grossly uninformed claims suggesting that about 20 per cent of the Naira currency notes in circulation are…

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Thirty-two lucky customers of Skye Bank Plc., across different business locations of the Bank, have emerged winners in the on-going Western Union campaign. The winners who emerged through a raffle draw, won various prizes which include N60,000 worth of shopping vouchers for 10 Star customers who received and sent transfers through Western Union in Skye Bank; and N20,000 worth of shopping vouchers as consolation for another 22 customers (11 receivers and 11 senders). The prizes will be officially presented to the winners in their domiciled branches. According to the Group…

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For the sixth consecutive time, First Bank of Nigeria Limited has been named as the most valuable banking brand in Nigeria in the Top 500 Banking Brands of The Banker magazine of the Financial Times and Brand Finance, London, United Kingdom. First Bank is also the only Nigerian bank in the top 10 banking brands in Africa, along with nine other banks from South Africa, Egypt and Morocco. According to the Chief Executive, Brand Finance, David Haigh, the brand value is the amount a third party will need to pay in…

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In a bid to promote local foods and strengthen the domestic market,Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider has sponsored Season-3 of Bukas & Joints, hosted by Olisa Adibua, a respected media personality in the African continent. The launching of the screening of the Season-3 television food show in Lagos on Wednesday was a well-attended media event organised by Biola Alabi Media, the producers of the programme in collaboration with Heritage Bank. The featuring of the event will start screening on African Independent Television (AIT) on Sunday, February…

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As part of its engagement initiative to drive financial inclusion, FIRST Bank of Nigeria Limited is organising Campus Storms to provide students and the Ivory Towers communities an opportunity to experience convenient and accessible banking offerings right at their doorstep. The bank will be at the University of Benin (UniBen) and New Benin Market on January 24 – 27, 2017; Abia State Polytechnic & Ariaria Market on January 31-February 3, 2017; and Usman Danfodio University & Sokoto Main Market on February 7 – 10, 2017 to educate, engage, and introduce…

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The President of Masters Energy Groups has debunked the allegations which circulated on social, and mass media. He explained that he has the biggest Oil storage facilities in Nigeria. He made this known through the Head of Communication, Emma Iheanacho while reacting to the allegation raised by a non-governmental organisation known as Global Anti-Corruption Initiative. Iheanacho added that there is no iota of truth in the allegation raised by the NGO. He further stated that, the alleged man is a well known and high ranking entrepreneur who has empowered many Nigerians and…

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Skye Bank is again set to make more millionaires out of Nigerians in its repackaged ‘Reach For The Skye Millionaire’ reward, Season II. This was disclosed in a press statement issued by the bank. The Season II which officially kicked off in January 2017, promises to deliver more benefits to the public compared to Season 1 of the scheme, which changed many lives and made over 36 millionaires of many erstwhile ordinary Nigerians across various segments of the economy. Speaking about the Scheme, the bank’s Executive Director, Retail and Lagos…

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At the recently concluded 2016 Lagos Advertising and Ideas Festival (LAIF), Fidelity Bank’s ‘Tough Job’ campaign won eight awards. The CEO Fidelity Bank, Nnamdi Okonkwo, was at the weekend presented with the eight awards won. Tough Job won Silver for Radio, another Silver for Film, a Bronze for Best Use of Production Design & Art Illustration whilst the Bank’s logo unveil took home a Bronze in the Radio category. Fidelity Bank’s (Our Word) campaign won Bronze in Radio under the Investment & Other Financials products category whilst ‘Tough Job’ picked…

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Ibeto Group, an Nnewi based battery manufacturing company has attributed the loss of 2000 jobs in the company within the last three years to the uncontrolled dumping of cheap battery from China. Chairman of the company, Chief Cletus Ibeto, said in Nnewi that due to the dumping, his company could no longer sell its products at competitive prize, hence the sacking of nearly 2,000 workers and closure of its Friction Parts Plant in 2013. He said: “With our 28 years in the business of batteries manufacturing in Nigeria, we remain…

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