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Business

June, 2016

  • 7 June

    Access Bank donates N10m to UNICEF

    Access Bank Plc has donated N10 million to the United Nations Children’s Emergency Fund (UNICEF) for its campaign against HIV/AIDS pandemic among Nigerian children as part of its initiatives to reach out to the underprivileged in the country. The donation was presented by the head, Corporate Communication, Access Bank, Olubusola Osilaja, at the Fifth Chukker Polo & Country Club in ...

  • 7 June

    Jonathan Blames Govs For Pressurising, Him To Squander $18bn Excess Crude Saving

    Former President Goodluck Jonathan has spoken out about how the excess crude oil revenue account, which stood at over $20 billion at the inception of his administration, was depleted to about $2 billion when he left office on May 29, 2015.   Answering questions on an interview programme with Bloomberg TV, Mr. Jonathan blamed the state governors for regularly pressurizing ...

  • 7 June

    CAUGHT RED HANDED : Vasity Lecturer Resigns Over Sex-For Marks Video

    Dr Mohammed Sani Idiagbon, pictured above, who was the Head of Department of the University of Ilorin, has reportedly resigned from office after an audio where he was asking for sexual favors from one of his students named Faith, leaked online. According to Sahara Reporters, who leaked the audio last week, Faith is a 200 level student of his department ...

  • 7 June

    Domestic airlines may raise fares

    Domestic airlines in the country may increase the fares payable on air ticket following the recent hike in the price of aviation fuel, popularly known as Jet-A1. According to them, a circular informing them of the increase in the price of aviation fuel from N115 per litre to N150 was issued in Lagos last week.  This is coming at a ...

  • 7 June

    Skye Bank Sacks 175 Workers ,For Failing appraisal Exercise.

    The recent trend of retrenchment of workers in the financial services sector on Monday extended to Skye Bank Plc, which sent 175 of its employees into the labour market. The bank confirmed the development in a statement through which it explained that the affected workers failed the year 2015 appraisal exercise.  The statement explained that a combination of factors was ...

  • 7 June

    FCMB Targets 3.8m Customers, Opens Another Branch In Lagos

    GMD/CEO of FCMB, Mr. Ladi Balogun

    First City Monument Bank (FCMB) has announced the opening of its branch in Gbagada, in Lagos State with effect from June 13 this year. The lender also plans to raise its customers’ base to 3.8 million, with 600,000 expected join its base within this year. The new branch, on Diya Street, Ifako-Gbagada, is in line with its plan to make ...

  • 7 June

    N/Delta Govs To Osibajo :Ask EFCC To Drop Corruption Charges Across The Region To Stop Pipeline Attacks

    Governors of the South-South region who met with Vice President Yemi Osinbajo at the State House today called for a majority of the corruption cases in the region to be dropped by the Economic and Financial Crimes Commission (EFCC)….  The meeting was attended by Governors of Edo, Ondo, Delta, Akwa Ibom, Rivers, Bayelsa, Abia, as well as the Deputy Governor ...

  • 6 June

    FCMB Bankrolls 400 Eye Treatments

    First City Monument Bank (FCMB), has said it is set to offset the medical bills of over 400 Nigerians affected by cataract and other eye diseases, nationwide. According to a release by the bank, “By way of medical examinations, eye surgeries, provision of medication and eye glasses, beneficiaries will include indigent Nigerians-the underprivileged and senior citizens, drawn from all regions ...

  • 6 June

    Union Bank Focuses On Raising Shareholders’ Value

    union bank logo

    Union Bank Plc has assured shareholders that the bank would leverage on a new business model and ensure effective cost management in its 2016 operations in order to increase shareholders’ value in the current financial year. The chief executive officer of the bank, Mr Emeka Emuwa, stated this during the bank’s 47th yearly general meeting held in Lagos, yesterday. According ...

  • 6 June

    First Bank Reiterates Commitment To Creating Value For Customers

    First Bank of Nigeria Limited, a part of FBN Holdings has restated its commitment towards creating a value-chain of support for the interests and activities of its customers. The bank in a statement said it has packaged varying categories of products and services to support businesses across market segments. The services according to the bank has been moulded to ensure ...