Omni-Blu Aviation partners DPR on search and rescue for oil firms

Omni-Blu Aviation Limited, an indigenous aviation company, has partnered with the Department of Petroleum Resources (DPR) to provide Search, Rescue and Surveillance (SeRAS) service to oil and gas firms across the country. Omni-Blu Aviation said it was partnering with DPR in the areas of licencing and technical supports, stressing that its experience over the years in the oil and gas sector and search and rescue services made it a force to reckon with in the provision of the service. Speaking during the flag off of the SeRAS services at the…

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BCG prescribes post-COVID recovery roadmap for Nigeria

The Boston Consulting Group (BCG), a global management consultancy firm, has proposed the promotion of financial inclusion, equitable distribution of resources, infrastructural development and formulation of requisite fiscal policies as initiatives that will drive Nigeria’s post-Covid economic recovery. The measures were highlighted in a recent BCG report titled “How to Forge an Inclusive Post-Covid Recovery in Nigeria” authored by Tolu Oyekan, a Partner at the firm’s Lagos office. The report stated that the initiatives, which form part of Nigeria’s sustainability plan, are critical in staving off the Covid-19 induced economic…

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Interswitch launches Quickteller Business for SME growth across Africa

Interswitch Group, Africa’s leading technology-driven company focused on the digitization of payments in Africa, has announced the launch of Quickteller Business, a new comprehensive corporate solution focused on empowering businesses of all sizes, facilitate payments and manage transactions from anywhere in the world – through one, simple integrated platform. Complementing Interswitch’s existing Quickteller platform, Quickteller Business will broaden its payment management capabilities to businesses and merchants of all sizes, allowing them to access a wide range of integrated payment offerings, ranging from disbursements to value financing. The addition of Quickteller…

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N38.5bn debt: Access Bank seeks Supreme Court’s reversal of Appeal Court’s ruling on Seplat 

Access Bank Plc said it has filed a Notice of Appeal at the Supreme Court challenging the suspension of the interim order made by a Lagos Federal High Court sealing the corporate offices of Seplat Petroleum Development Company and freezing its accounts, in respect of loan obtained by Cardinal Drilling Services Limited and utilized by Seplat, by a Lagos division of Court of Appeal. Access Bank, through its Solicitors, Kunle Ogunba and Associates, approached the highest court in Nigeria, after been dissatisfied with the decision delivered by the Lagos division…

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Court sentences FCMB official to 4 years imprisonment for stealing customer’s N2m

A Federal High Court, Yenagoa, Bayelsa State has convicted and sentenced to four years imprisonment, Mr. Felix Diets, an official of First City Monument Bank (FCMB) for stealing N2 million belonging to the customers of the bank. Justice Jane Inyang, convicted and sentenced Felix to the jail term, after finding him guilty of the charges brought against him by the prosecution. Felix’s sojourn to the prison, it was gathered started on September 2, 2016, when three FCMB’s customers complained that they gave him the sum N6m to deposit in their…

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Stanbic IBTC sets up vocational centre for young Inmates

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has donated a vocational centre to one of its host communities. The Finance Department of the organisation recently built a fully equipped vocational centre at the Borstal Training Institute (BTI), Abeokuta, Ogun State, as part of its Corporate Social Investment (CSI) initiative. The BTI is the Nigerian Correctional Service’s juvenile arm, set up to correct, train, reform, rehabilitate, and reintegrate young offenders. The vocational centre built and donated by the Finance Department of Stanbic IBTC at BTI in Abeokuta, is…

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Persistent disobedience to court order: First Bank chairman, Awosika, MD, 2 others risk jail

A Federal High Court, Lagos, today, fixed January 21, 2021, for hearing of contempt application against the First Bank of Nigeria, its Chairman, Ibukun Awosika, the bank’s managing director, Adesola K. Adeduntan, for their alleged persistent failure to obey an order of the court. Others listed as alleged contemnors are: Francis O. Shobo and Bridget Osazuwa. Justice Sule Hassan, who presided over the court, fixed the date, after listening to the submission of Mr. Olukayode Ogungbeje, who moved the court to hear the application exparte. Ogungbeje in a suit marked…

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Verve rewards two customers with N1 million each, over 2,500 others with various cash prizes

Verve International has rewarded two lucky cardholders with the N1 million grand prize each at the Verve Good Life Promo grand prize presentation ceremony held at Radisson Blu Hotel, Victoria Island, Lagos, on Saturday the 19th December 2020. The grand prize winners bring the total number of customers who won various categories of cash prizes and airtime in the three-month long promo to 2,552. The N1 million cash prize winners are: Omolara Olayiwola, an account holder with Wema Bank, and Umar Safinat, an account holder with United Bank for Africa.…

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UBA’s Bola Atta emerges best corporate affairs professional 2020

Group Head, Corporate Communications, United Bank for Africa, Bola Atta has once again been recognised as the top corporate affairs professional 2020 for the second time in a row, at the 8th Annual Brands & Marketing  Conference, organised by Brand Journalist Association of Nigeria.   The award ceremony, which was held in Lagos, recently was in recognition of her commitment to excellence and the positioning of UBA as a foremost pan African Bank. Her dedication to improving lives through her position as the CEO of the UBA Foundation also played…

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Crown Flour Mill unveils Vitamin Premix facility, restates commitment to Food Fortification

Crown Flour Mill Limited, a subsidiary of Olam Group, has committed to deliver Nigeria’s first state-of-the-art vitamin premix facility. The delivery is in line with the 90 percent food fortification compliance target set at the penultimate edition of the Nigerian Food Processing and Nutrition Leadership Forum. The food manufacturer made this known at the 3rd annual gathering of the top players in the food industry in the country, held virtually on Thursday, 3 December 2020. Speaking at the forum on the firm’s commitment to participate in the Micronutrient Fortification Index…

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