Category: Business

In a bid to promote entrepreneurial spirit among Nigerians and boost the Small Medium Enterprises sector of the Fashion industry, Guaranty Trust Bank Plc recently held the first edition of its Fashion Weekend at the Landmark Centre Lagos. For a Bank that has shown commitment to supporting small and medium scale businesses in Nigeria, the event should come as no surprise. The event brought together some of the most promising, talented and recognized fashion designers, brands and retail enterprises from across Nigeria and abroad to showcase latest fashion trends and…

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The attention of Heritage Bank Plc has been drawn to deceptive reports contained in a media publication, alleging the Bank’s inability to honour its obligations to customers amongst other contrived reports on the financial state of the bank. Heritage Bank wishes to categorically refute this false information being circulated about the institution with a misdirected intent to derail and misinform the banking public on its financial state. Whilst we acknowledge the challenging operating environment currently experienced in all sectors of the economy, Heritage Bank remains financially stable and has continued…

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The Omu-Aran branch of First Bank of Nigeria Plc, in Irepodun Local Government area of Kwara State, which was closed since May, 2013, due to incessant robbery attacks is set to re-start operations. Mr Festus Egbodofo, the Business Development Manager of the bank in Kwara, gave the assurance in a goodwill message to the 2016 Annual Omu-Aran Festival of Clubs. The event held at the Government Secondary School Playground, Omu-Aran. “Our bank will commence full banking transactions in Omu-Aran in few days’ time,” Egbodofo said. Armed robbers had, on May…

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United Bank for Africa (UBA); the Pan African banking group emerged the best institution in Corporate Social Responsibility (CSR) in West Africa. Its CSR arm; UBA Foundation won the best CSR/Sustainability, West Africa Award at the 10th SERAs (Social Enterprise Report Awards) ceremony which held at the Muson Centre in Lagos last Friday. Since 2006, The SERAS CSR Awards-Africa has celebrated outstanding companies who through their immense contributions have become the game changers driving the wheels for sustainable development in Africa. “We are driven by the mantra ‘do well do…

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The GTBank fashion weekend, a two day fashion event was set up in a bid to promote enterprise in the country. Guarantee Trust Bank hosted the 2-day fashion event tagged “GTBank FSHN WKND” at the Landmark Events Center, Victoria Island, Lagos. The event which featured top fashion designers, make up artistes as well as jewellers within and outside the country, included various display of fashion collections. The event also featured series of masterclasses that gave participants the opportunity to meet and interact with the top names in the fashion business.…

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The attention of the management of Obat Oil & Petroleum has been drawn to the fictitious report making round in the Newspapers and social media about a purported takeover of the company by Skye Bank. We hereby refute the report and state categorically that there was no such incident. Contrary to claims that the take over was approved and initiated by reason of the Federal High Court ruling, there is no ruling of the Federal High Court directing or authorizing Skye Bank to take over Obat Tank Farm/ depot or…

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In sustenance of its objective to empowering Women in Business, Access Bank Plc through its W Academy recently organised the Womenpreneur Business Workshop – a capacity building workshop for female business owners. The objective of the ‘Womenpreneur Business Workshop’ is to provide a practical capacity building program that will equip female business owners to thrive especially with the current economic realities in Nigeria. The workshop also provided participants with essential knowledge and information whilst simplifying the processes required to grow their businesses given the present macro-economic headwinds. The ‘Womenpreneur Business…

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Erisco Foods Limited, an indigenous tomato manufacturer, has announced the plan to shut down its manufacturing businesses in Nigeria owing to unfavourable operating climate. President/CEO of the company, Chief Eric Umeofia who addressed the media in Lagos on Wednesday said the cost of running both the Nigerian farms in Katsina and fresh tomato paste processing plant business in Lagos had become so exorbitant given the high cost of sourcing for foreign exchange (forex) as well as the inability of regulatory agencies to halt the high rate of importation and dumping…

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Ntel, Nigeria’s advanced 4G/LTE network provider, Ntel, has announced the launch of its VOXHD application on Google Play Store. The Voice Over LTE (VoLTE) application allows customers who have 4G/LTE devices supported on the ntel network, to experience the unique voice service provided by ntel. Speaking on the launch of the application, Kamar Abass, ntel Chief Executive Officer said: “This is the first time a Voice Over LTE application that is native to a Nigerian network is being hosted on Google Play Store.” He added that: “The application avails our…

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Heritage Bank Plc indeed lived up to its slogan of being the ‘Timeless Wealth Partner’ to its investors and customers when recently it took them through a journey of all the transformation activities that have made the bank what it is since inception till date, ‘a single bigger and better financial institution’. And so, within the walls of the Orchid Hall of the Eko Hotel and Suites, Lagos, resonated these words: “We have a story, how we started and where we are going”; “All that defines us!”;“Whatever our purpose, we…

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