BUSINESS

Africa’s richest man Aliko Dangote is reportedly selling off his loss-making business unit, Dangote Flour Mills to Olam International for N130 billion ($361.11 million). The sale of Dangote Flour Mills Plc for N130 billion ($361.11 million), was announced in a corporate disclosure which was posted on the Nigerian Stock Exchange …

EcobankPay, the lifestyle digital payment and collections service of Ecobank Nigeria has entered into a partnership with TerraKulture, Nigeria’s foremost stage play and cultural show promoters with Bolanle-Austen Peters as lead. Through this partnership, Ecobank intends to support the promotion of African arts and culture starting from April 2019. For …

The United Bank for Africa (UBA) Plc recently announced that another set of 20 loyal customers will get a chance to win N1,500,000 each, in the second edition of its quarterly draw for the ongoing ‘UBA Wise Savers’ promo which will hold this month.        The bank explained that the …

By KALU EZIYI UMUAHIA Fidelity Bank Plc , has made five of its customers in Umuahia, the Abia State capital richer with N2.3 million through what it termed as “Fidelity Bank Customers Loyalty Scheme.” The customers include two primary school pupils, the Abia State chapter of the Pentecostal Fellowship of …

By Olusola Adeoye Fidelity Bank Plc on Monday April 8, 2019 announced the appointments of three new Executives by the Board of Directors as part of corporate realignment aimed at repositioning for further growth. The bank said in Lagos that the board had approved the appointment of Mr Gbolahan Joshua …

Ecobank Nigeria Limited has announced special discount for shoppers using the EcobankPay option to pay for their goods and services during the Easter holidays and will run to the end of April 2019. EcobankPay is a digital QR code/ Unstructured Supplementary Service Data (USSD) that enables payments using the mobile …

You probably may have heard how a dude, Azeez Morofu, was manhandled by a mob at Ibadan and handed over to the police at Iyaganku Police Station. His offence? That he withdrew money from an ATM without a debit card. Yes, and…wait, he was wearing a dirty pair of jean …

Traders at the popular Ladipo Spare Parts Market in Lagos have commended the versatility of the EcobankPay platform which they say enables easy and instant payments from their customers. Some of the traders who were part of an event to launch the EcobankPay Zone at the market testified that the …

An ongoing trial into the finances of the defunct Intercontinental Bank Plc has revealed how Senate President’s huge debt was written off in dubious circumstances contributing the bank’s crumbling. At a Federal High Court sitting in Lagos, it was revealed how billions of Naira of loans were taken by the …

Ecobank Nigeria has taken its digital product, EcobankPay Zone to the South East market with a launch at the popular Ariaria Market, Aba.           Managing Director of Ecobank Nigeria, Patrick Akinwuntan while launching the product at the market said it will facilitate easy, secure and convenient transactions for merchants within …