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Halogen Security Company Limited, the foremost integrated security solutions provider in Nigeria has opened its new state-of- the-art regional office in Ota, Ogun State, Nigeria. According to the company, the opening of the new regional office located at Km 5 Idi – Iroko road Ota, is in line with the company’s constant drive to deliver outstanding customer service at every ...
September, 2016
July, 2016
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25 July
UBA washes hands off Turkey coup, dismisses speculations
The United Bank of Africa (UBA) has officially denied involvement in the failed coup attempt in Turkey on July 15. Yenisafak, a Turkish newspaper, had alleged that UBA played a key role in distribution of funds for the facilitation of the failed coup. However, Charles Aigbe, divisional head, marketing and corporate relations of UBA, said the bank was neither “involved” nor ...
June, 2016
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29 June
Bill Gates, Zuckerberg lose $3.4 billion to Brexit
Bill Gates, the world’s richest man, and Mark Zuckerberg, co-founder of Facebook, have lost $3.4 billion to the decision of the UK voters to leave the European Union. Both men were the worst-hit billionaires in the United States, losing $1.8 billion and $1.6 billion respectively. In context, the amount lost by Gates is more than the entire wealth of Nigeria’s ...
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16 June
Dangote Cement appoints Ufot as director
Dangote Cement PLC, Africa’s largest cement producer, has appointed Dorothy Udeme Ufot, SAN, as an independent non-executive director. Mrs. Ufot, one of Nigeria’s most experienced legal practitioners with more than 26 years’ experience in commercial litigation at trial and appellate levels, having been admitted to the Nigerian Bar in 1989 and then admitted to the Inner Bar as a Senior ...
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13 June
Banks Propose Just 10,000 Cash Withdrawal ,Deposit shrink by N1.03tn
The harsh economic conditions facing the country have led to a drastic reduction in customers’ deposits in banks with the industry recording a decline of about N1.03tn in total deposit. The Bankers Committee has sent a proposal to the Central Bank of Nigeria to limit across-the-counter withdrawals to N10,000, following a major drop in customers’ deposit. The proposal, according to ...
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10 June
UBA secures $150 million credit line from AfDB
The Board of Directors of the African Development Bank Group (AfDB) through its private sector window has approved a $150 million Line of Credit (LOC) to United Bank for Africa (UBA) Plc. UBA has been the leading financial institution sup-porting various infrastruc-ture projects, particularly power, telecom, transport and social infrastructure such as hospital and education facilities. This has given the ...
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10 June
Dangote Acquires Shares In Afreximbank..,Described As Enigmatic
The Dangote Group has become the latest corporate organisation to join the African Export-Import Bank as a class B shareholder. The Group, according to information released by Afreximbank and made available to our correspondent, completed the process of acquiring equity in the bank on May 30 this year with a “substantial investment.” Afreximbank is an international financial institution, headquartered in ...
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2 June
Over 5000 Participants for 2016 CBN Cashless CardExpo In Lagos
Over 5000 participants across the globe from the local and international payment community, top government agencies have indicated interest [Signed up] for this year’s edition of the biggest Card, e-Payment and Identification Exhibition in Africa, tagged: CBN CASHLESS CARDEXPOAFRICA 2016. The annual event organized by Intermarc Consulting Limited, seeks to provide opportunity where ecommerce platforms, banks, telco’s, payment companies, government agencies and large retailers learn about, evaluate and purchase ...
May, 2016
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26 May
Dangote Contributes More Than Half Of Government’s Mineral Resources Revenue – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that Dangote Industries Limited generates more mineral resource revenue for the government than the rest of the nation put together. This was contained in its report released to the press yesterday, where it said that Dangote Cement was responsible for 53 percent of government revenue from mineral resources, about N16 billion ...
April, 2016
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1 April
GTBank Marks World Autism Awareness Day With Walk and Cycling Campaign
Foremost African financial institution, Guaranty Trust Bank plc, in partnership with the Cycology Club, Patricks Speech and Languages Centre, The Centre for Children Development, Parents of children living with Autism and other non-governmental organizations, are organizing a walk and cycling campaign around the Lagos metropolis on Saturday, April 2, to mark the 2016 World Autism Awareness Day. The Walk for ...
