UBA boosts mobile payments with *919#

UBA boosts mobile payments with *919#

United Bank for Africa Group has introduced a full-fledged banking platform tagged ‘UBA Magic Banking.’ According to a statement by the lender, the platform is enabled by dialling *919# within Nigeria. It said the introduction of the service was in line with its determination to be a key player in the mobile banking space. The […] ...
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Shareholders approve Nigerian Breweries N28.386bn dividend

Shareholders approve Nigerian Breweries N28.386bn dividend

Stanley Opara The shareholders of Nigerian Breweries Plc have approved the company’s dividend pay-out of N28.386bn for the 2016 financial year. The shareholders, at the 71st Annual General Meeting of the company held in Lagos, noted that the company’s perf...
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W’Bank to assist Nigeria strengthen audit process

W’Bank to assist Nigeria strengthen audit process

Ifeanyi Onuba,Abuja The World Bank Group on Thursday unveiled plans to assist the Federal Government to strengthen the audit process in the public sector. The Director, Governance Global Practice, World Bank Group, Mr. Edward Olowo-Okere, stated this when he l...
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Sterling Bank restates commitment to FX availability

Sterling Bank restates commitment to FX availability

Sterling Bank says transparency, continuous engagement, proper documentation and promptness in sending returns of unutilised foreign exchange to the Central Bank of Nigeria are the main factors that helped the bank to escape the regulator’s ban from its Smal...
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SEC dissolves Ikeja Hotels’ board, appoints interim board

SEC dissolves Ikeja Hotels’ board, appoints interim board

THE Securities and Exchange Commission, SEC, yesterday, announced the dissolution of the Board of Directors of Ikeja Hotels Plc due to unresolved internal crisis involving the major shareholders. The Commission also appointed an Interim Board led by Chief Anth...
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FG’ll employ 47,000 workers to fix roads – Fashola

FG’ll employ 47,000 workers to fix roads – Fashola

Okechukwu Nnodim, Abuja The Federal Government will employ 47,000 people to fix federal roads across the country, the Minister of Power, Works and Housing, Babatunde Fashola, has said. According to him, the government already has a plan to make this work, addi...
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Pipeline explosion: N’Delta village sues Eni in Italian court

Pipeline explosion: N’Delta village sues Eni in Italian court

’Femi Asu with agency report A Nigerian village has filed a lawsuit in Milan against an Italian oil company, Eni, demanding compensation for damages caused by an oil pipeline explosion in 2010, an Italian lawyer representing the village said on Thursday. Eni...
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Forex stability excites Buhari, says Emefiele

Forex stability excites Buhari, says Emefiele

Olalekan Adetayo, Abuja The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Thursday said President Muhammadu Buhari was excited at the current stability being witnessed in the foreign exchange market. Emefiele told State House correspondents that B...
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Oil price sinks to five-month low of $48

Oil price sinks to five-month low of $48

’Femi Asu Global oil benchmark, Brent crude, struck a five-month low on Thursday as the United States’ crude inventories showed a lower-than-expected decline amid growing compliance with a deal to limit production by the Organisation of Petroleum Exporting...
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We’ll encourage local industries to grow economy –Osinbajo

We’ll encourage local industries to grow economy –Osinbajo

Friday Olokor, Jos The Federal Government on Thursday said that local industries would be encouraged to grow the Nigerian economy and lead the country out of the current crisis. To achieve that feat, the government said it had put measures in place to ease the...
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