Ecobank advises customers to use digital channels for transactions
Businessam StaffJuly 17, 2020
Ecobank has advised its customers to utilise the bank’s digital banking platforms for their banking transactions especially now that social distancing has become imperative. Olukorede Demola-Adeniyi, head, consumer banking, Ecobank Nigeria stated this on the back of shift in transaction mode from physical touchpoints to digital platform in the era of Covid-19. According to her, […]
Dangote Sugar Refinery’s acquisition of Savannah Sugar Refinery gets analysts’ nod
Charles AbuedeJuly 15, 2020
Say industry outlook remain strong despite stewing operating environment Acquisition will increase productive capacity to about 2 million MT per annum By Charles Abuede Analysts have lauded the acquisition of Savannah Sugar Refinery as a welcomed development in the sugar production industry, stating that the industry’s outlook remain strong despite the harsh operating environment. They […]
SEPLAT taps top banker, accountant Onwuka, as finance chief, ED
Businessam StaffJuly 11, 2020
Banker was GMD of acquired Diamond Bank in heyday Seplat Petroleum Development Company Plc, the dual Nigerian Stock Exchange and London Stock Exchange listed Nigerian indigenous oil and gas company, has tapped top Nigerian banker and accountant, Emeka Onwuka, as its chief financial officer and executive director, the company announced at the weekend. Onwuka once […]
COVID-19: Cadbury donates food, face masks to communities
Businessam StaffJuly 4, 2020
As part of its effort to help combat the Coronavirus pandemic in the country, Cadbury Nigeria Plc has donated some relief items and products to communities in various states of the federation. It said in a statement that the products included its cocoa powder beverage, Bournvita, to food banks created by states to ease the […]
BUA sustains COVID-19 intervention support with ambulances, food, N100m each to Rivers, Kwara states
Businessam StaffJuly 3, 2020
BUA Foundation, the philanthropic arm of BUA Group, the foods, cement and infrastructure conglomerate, continued to sustain its COVID-19 intervention support across the country as the support train moved on Friday to Rivers and Kwara States, where senior executives of the group presented six ambulances, food supplies and N100 million each to the governments of […]
Conoil offers N1.39bn dividend payout from impressive 2019 financial performance
Omobayo AzeezJuly 1, 2020
Omobayo Azeez On the back of its positive performance across major metrics in 2019, Conoil Plc has proposed the payment of N1.39 billion in dividends to its shareholders for the financial year. The proposed payout amounts to paying the shareholders 200 kobo or N2 per share held in the company’s books, according to a statement […]
Transcorp Hotels seeks N10bn from capital market to fortify operations
Omobayo AzeezJune 30, 2020
Omobayo Azeez In the light of Coronavirus pandemic incursion that has left the hospitality industry as one of the most hit sectors, Transcorp Hotels Plc has moved to raise N10 billion from the capital market to fortify its balance sheet. At the recent Extraordinary General Meeting (EGM) of the company, its shareholders gave their nods […]
Business owners to get incorporation certificates, tax numbers at same time
Businessam StaffJune 30, 2020
The Corporate Affairs Commission will henceforth issue certificates of incorporation of companies registered under Part A of the Companies and Allied Matters Act along side the tax identification numbers. The CAC disclosed this in tweets yesterday. The CAC said the measure was introduced to improve the country’s ease of doing business initiative. The commission said, […]
Ecobank extends free digital money transfers
Businessam StaffJune 26, 2020
Ecobank has extended its zero charge fee for digital money transfers below N5,000 till the end of September this year. In addition to the free USSD session fee currently enjoyed by Ecobank customers, users of Ecobank Mobile, Ecobank Online, USSD – Ecobank *326# will continue to enjoy zero fee charge for digital money transfers below […]
Covid-19: Experts advise managers to rethink, adapt business culture
Businessam StaffJune 24, 2020
Nigerians have been advised to move from the realm of denial, anger and accept the reality of the ‘new normal’ occasioned by COVID-19 pandemic by properly articulating their goals and developing a financial plan based on available resources. This was the submission of investment and financial experts at the Ecobank Webinar on the topic, ‘Personal […]