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2017 Excellence Recognition Awards had a huge success with prominent financial organizations like Access Bank plc and Fidelity Bank winning distinguish awards respectively. The event was held inside the exquisite Balmoral Hall, Oregun, Ikeja over the weekend saw the Managing Director of Fidelity Bank, Nnamdi Okonkwo carting home the Banker of the Year award in the financial institution category while Access ...

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Fanta, Sprite with Vitamin C not poisonous- NBC


The Nigerian Bottling Company (NBC) Limited has faulted claims that its products, Fanta and Sprite when taken with Vitamins C are poisonous. In a statement by its Management, the company said information on the safety of benzoic and ascorbic acids as ingredients in soft drinks, citing a Lagos High Court order is misleading. “ Given the fact that the benzoic ...

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Inflation drops by 17.8% on falling food prices, others


After 15 months of persistent rise in inflation, the main drivers of the adverse economic trend – food and non-food items – moderated in February, bringing the rate down to 17.78 per cent. The National Bureau of Statistics (NBS) revealed yesterday that the February inflation level represented 94 basis points lower than the 18.72 per cent recorded in January. The ...

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CBN injects $195m into forex market

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The Central Bank of Nigeria (CBN) yesterday said it will inject $195 million comprising of $150 million for the wholesale auction and $45 million in the invisible segment for such items as medical fees, tuition fees, Personal Travel Allowance (PTA) and Business Travel Allowance (BTA). Confirming the foreign exchange sales, the CBN Acting Director, Corporate Communications, Isaac Okorafor, said that ...

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Naira Appreciates Against Dollar


The Naira on Tuesday sustained its gain against the dollar at the FOREX market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N455 (Buying rate), N457 (selling rate) at the parallel market, from the N455/460 it traded on Monday, while the Pound Sterling and the Euro closed at N547 and N480, respectively. At the Bureau De ...

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Debt: Etisalat gets reprieve following NCC, CBN intervention


Reprieve came for Etisalat Nigeria on Friday following a meeting convened by the Central Bank of Nigeria and the Nigerian Communications Commission to find a quick resolution of the loan default crisis facing the mobile network operator. The NCC said on Sunday that the meeting succeeded in halting the attempt by Etisalat’s creditors to subject the firm to a takeover. ...

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Ecobank Vital To Needbank’s African Growth Strategy


South Africa’s Nedbank on Tuesday said that Ecobank Transnational Incorporation (ETI) remains vital to its expansion elsewhere on the African continent despite booking a $293 million write-down on the value of its stake in the sub-Saharan lender. Ecobank has operations in nearly 40 countries outside its home market. Nedbank Chief Executive, Mike Brown, told reporters ““It’s obvious that we would ...

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REDTV Extends Presence to Francophone Africa, Premiers Boutique Hotel

L-R: Minister of African Integration & Ivoirians of the diaspora, Ally Coulibaly; MD, UBA Cote d’Ivoire, Sarata Kone; Director, Marketing & Corporate Communications, Bola Atta and Minister of Culture & Francophony of Cote d’Ivoire Maurice Bandama

REDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal,launched its Francophone version on Thursday. The fun-filled event, supported by the United Bank for Africa (Plc), was held at the Azalaï Hotel in Abidjan Cote d’Ivoire. It was witnessed by distinguished players in finance, public and entertainment industries in Franco-Phone Africa’s largest economy ...

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UBA Wins Most Innovative Bank Of The Year

UBA PLC Received Innovative Bank of the year 2016 Award From Mrs Adaobi Nwakuche Director Independent Newspaper [Left] to Mr Yinka Adedeji,Head,Digital Banking UBA Plc[middle] and Mr Ted Iwere MD Independent Newspapers Limited looks on

Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another award to its growing list of laurels as it emerged Most Innovative Bank of the Year at the Independent Newspapers Awards The award which is a recognition of innovative products and services introduced by the bank in the past years towards meeting customer ...

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24 Winners Emerge in Heritage Bank Happy Days Promo-1


Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider, has rewarded 24 loyal customers in its on-going Happy Days Promo with 42-inch LED flat screen TV at a monthly raffle draws held in Lagos yesterday. The bank recently launched the six-month promo to reward customers who made N20, 000 deposits into its account on a monthly basis with a 42 ...

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