Business

Four Banks Generate N24.3bn From Account Maintenance Charges

Between January and June 2019, four leading banks generated N24.3bn from account maintenance charged on their customers’ accounts, investigation has shown. This is an increase of about 19.18 per cent from N20.39bn generated in the corresponding period in 2018. Some banks on monthly basis charge their customers N50 with or without card while some deduct N1,000 from each customer’s account ...

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Sanwo-Olu Seeks Approval For Badagry, Lekki Seaports

 …receives House of Reps Committee on Seaports Decongestion Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday called on the Nigerian Ports Authority (NPA) to accelerate the process of giving approval to the State’s request to build two seaports in Lekki and Badagry. The Governor said the State had already deployed resources and manpower to the construction of the seaports, which, ...

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Shell Deploys HD Aerial Cameras To Track Spills, Crude Theft

… seeks stakeholders’ collaboration Nigeria’s leading energy giant, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has deployed state-of-the-art high definition cameras for quick detection of and response to crude oil spills from its facilities. The cameras will also help in tracking vandalism of SPDC joint venture assets. SPDC’s General Manager, Igo Weli, disclosed this on Monday at a ...

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Explainer: how Nigeria got hit with a $9.6 billion judgment debt in London

Oil and gas is the lifeblood of Nigeria’s economy. Wikimedia Commons Oludara Akanmidu, De Montfort University Nigeria has received a legal hiding after a UK court awarded a private company a US$9.6 billion judgment debt against the West African nation. The ruling has generated significant attention in both domestic and international media. This is understandable given that the sum amounts ...

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Shell Decries Crude Theft, Vandalism In Niger Delta

…loses 10,000 barrels of oil daily  With a daily loss of about 10,000 barrels of oil from its pipelines to crude oil theft, the Shell Petroleum Development Company of Nigeria Limited (SPDC) has cried out for help from government, communities and other stakeholders to stem the incessant attack on oil assets in the Niger Delta. “These are critical national assets ...

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13 Niger Delta Indigenes Win SPDC JV Scholarship To UK Varsities

Thirteen indigenes of Niger Delta States of Bayelsa, Delta, Imo and Rivers have won the 2019 Shell Petroleum Development Company Joint Venture scholarship for a one-year master’s degree in three top-ranked universities in the United Kingdom. The latest awards bring the total number of beneficiaries to 92 since the inception of the scheme in 2010. “A lack of world-class research ...

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Zenith Bank Offers ZECA Education Loan For Children

Nigeria’s leading financial institution, Zenith Bank Plc, has introduced the Zenith Children’s Account (ZECA) Education Loan to assist parents pay their children/wards school fees as the new school session begins. The loan offering, which is disbursed directly to the account of the beneficiary’s school, comes at a very competitive interest rate and flexible repayment tenors. To access the loan, parents ...

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Shell, SAP Offer Free ICT Training To Graduates

Ten Nigerian graduates of business and information technology disciplines have completed a one-year specialised digital training and certification in financial accounting and project management while another set of 10 beneficiaries have commenced their training cycle in the programme sponsored by Shell Nigeria Exploration and Production Company (SNEPCo) in collaboration with SAP Nigeria. Speaking in Lagos last week at the closing ...

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Zenith Bank Appoints Henry Oroh Executive Director And Dr. Al-Mujtaba Abubakar Non-Executive Director

The Board of Directors of Zenith Bank Plc has approved the appointment of Mr. Henry Oroh as Executive Director of the bank. The appointment is consistent with the bank’s tradition and succession strategy of grooming leaders from within. Also, the Board has approved the appointment of Dr. Al-Mujtaba Abubakar, FCA, as an Independent Non-Executive Director. Both appointments are effective September ...

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Zenith Bank Records Improved Half Year 2019 Results, With Interim Dividend Of 30 Kobo Per Share

In a clear demonstration of its resilience and strong market share, Zenith Bank Plc has announced its audited results for the half year ended 30 June 2019, recording positive growth across key financial metrics, thus affirming the bank’s position as one of the leading financial institutions in Africa. As a testament to its commitment to its shareholders, the bank also ...

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