Category: Business

The Chairman of the embattled mobile telephone operator, Etisalat Nigeria Limited, Hakeem Bello-Osagie has resigned. The telecoms company said on Friday it would move swiftly to set a new management and appoint a new board, in the wake of the resignation of its incumbent Chairman. Following “the approval of a restructuring plan for the telecommunications firm, Mr. Bello-Osagie decided to quit” “Although the Chairman had planned to leave immediately the banks made the take-over move, he opted to tarry until a road map for the company was finalised. The timing…

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60 customers of Access Bank Plc have emerged as the first set of winners in the Access Bank Family Fortune promo yesterday. The winners emerged in the weekly draws held in Lagos ahead of the monthly draws and the mega selection. Speaking at the draw in Lagos, Access Bank Executive Director, Business Banking, Titi Oshuntoki, stressed the need for families to come together to imbibe savings culture and collectively achieve family goals. According to her, the bank’s ‘Family Fortune’ promo is the first of its kind in the country. She…

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Nigeria’s economy may be in a difficult period, but with digitalisation at the core of the national banking strategy, financial inclusion has been given room to grow. Segun Agbaje, Managing Director and CEO of Guaranty Trust Bank has said that Nigeria is becoming increasingly connected thanks to digital banking . “There are so many people in Africa that are outside the banking system. For you to be part of organised society, financial inclusion is a must.” Slowly but surely, financial inclusion in Africa is improving. In fact, the Central Bank…

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  Leading telecommunications services provider, Airtel Nigeria, has built and donated a multimillion naira, ultra-modern 2-bedroom apartment to victims of a devastating inferno, the Aina family, in fulfillment of its pledge to the beneficiary in the just concluded Airtel Touching Lives Season 3. The Aina family, which was one of the several grantees that appeared in the philanthropy series, had been struck by severe vicissitudes of life and had lost four children in a shattering fire accident that also consumed their abode as well as all their material possessions. Chief…

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The immediate reinstatement of the data floor price has returned to the front burner of discussions within the telecom industry especially within the ranks of Tier II players who are defined by the Nigerian Communications Commission(NCC) as having less than 7.5% of the market share or have been in operation for less than three years. The issue was front and center at the recently concluded BusinessDay Broadband Summit which held on Thursday June 2, 2017 at the Wheatbaker Hotel, Ikoyi. During a panel discussion, which proceeded under the theme, “Broadband…

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A cheque of N2 million has been presented to Kafilat Olayinka Dada, who emerged star prizewinner in the penultimate monthly draw of the ongoing ‘Get Alert In Millions’ promo of Fidelity Bank Plc. Dada, who received the prize money at an elaborate prize presentation ceremony held at the Bank’s head office in Lagos on Thursday, expressed profound gratitude to the Bank for fulfilling her dreams of owning a beauty salon. While fielding questions from journalists at the ceremony in Lagos, Dada said, “When I was told that I won the…

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United Bank for Africa Plc, pan African financial institution, has announced the launch of a brand new mobile banking application with many user friendly features, in demonstration of its commitment to deliver superior and innovative banking solutions to its customers. The new mobile app which comes with the biometric log-in feature for secure, personalized access is now available for download on Apple and Google Play App Stores. The UBA Mobile Banking App has been tailor-made to enhance ease of banking by enabling customers to carry out their transactions without visiting…

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Foremost African financial institution; Guaranty Trust Bank plc has been named the African Bank of the Year at this years African Banker Awards. The Awards was presented during a prestigious gala dinner on 23rd May Ahmedabad, India, on the sidelines of the Annual Meeting of African Development Bank. Now in its 11th year, The African Banker Awards is internationally recognized as the landmark finance event to reward achievements, commend best practices and celebrate excellence in African banking. The award provides a platform to bring together industry leaders from across Africa, celebrate the achievements…

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Dangote Cement has delighted shareholders after approving the dividend payout of N144.8 billion, which translated to N8.50 kobo per share as against N8 per share, that was paid in the corresponding period of 2015. Speaking at the company’s annual general meeting (AGM), held in Lagos on Wednesday, the President of Amiable Shareholders Association of Nigeria, Festus Akano, said the shareholders were pleased with Aliko Dangote and his team. He said for the company to still pay a robust dividend despite the recession in the economy, which also affected their operations,…

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Fidelity Bank Plc, one of the country’s top finance institutions in partnership with Gazelle Academy and Federal Polytechnic, Oko Venture has just concluded an entrepreneurship training programme for 400 students in Anambra State in a bid to empower youths and reduce unemployment rate in the country. Organized under the Fidelity Youth Empowerment Academy stream 3, the week-long training programme was aimed at equipping the students with skills and capabilities needed to take start businesses even whilst in school. Some of the skill areas participants were trained on include: fashion, accessories, cocktail,…

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