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Day: May 9, 2017

Ecobank to retain 405 branches in Nigeria as it targets 40m customers

After investing huge funds on state-of-the-art mobile application that is fast accessible with better user incentives, Ecobank Nigeria Limited says its banking operations are now simpler, accessible and cheaper The Top Bank also says it hopes to increase its customer base in Nigeria to over 40million in the next five years, representing 40 percent of […]

Abakaliki rice receives boost from World Bank

Amaka Obiefuna. The World Bank, under its Growth and Employment (GEM) scheme, has provided business support for the production of Abakaliki rice. The World Bank is providing financial support to Ainotrans Energy, producers of Abakaliki rice, to enable it engage the services of vendors that will aid in carrying out its marketing drive. The World […]

Nicolaas Vervelde, Managing Director, Nigerian Breweries Resigns From Office.

Fidelia Okafor The managing director/chief executive of Nigerian Breweries, Nicolaas Vervelde, has resigned with effective from June 16. A statement issued by Uaboi Agbebaku, the company’s secretary/legal adviser, said Vervelde resigned to take up a new role within the Heineken Group outside Nigeria. “In anticipation of that and preparation to take up a new appointment, […]

Dangote Group To Track And Persecute Initiators of A Ponzi Scheme for Unlawful Use of Their Brand Name.

Fidelia Okafor The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, Cussons and other reputable food processing companies” in launching a multi-level marketing initiative that intends to “fight hunger, poverty and stop recession” by paying participants in food. Contrary to the publication widely circulated on […]

We are determined to reduce non-performing loans –Fidelity bank chairman

Mr. Ernst Ebi, the board Chairman of fidelity bank Plc, has stated that the bank is ready to put in all measures in place as to reduce its high Non-Performing loans (NPLs). He said this at the just concluded 29th Annual General Meeting (AGM) of the bank, which was held in Lagos, noting that the […]

We are neither owing pensions nor salaries –Kwara Government

Amaka Obiefuna. The Senior Special Assistant on Media and Communication to Kwara State Governor, Dr. Muyideen Oluwafemi Akorede has said, Kwara State is fully up to date with payment of pension and salaries to its pensioners and workers despite the economic situation in the country. Dr. Akorede who made this known in an interview with […]