Union Bank and CIG Motors Announce Partnership
Union Bank and CIG Motors Announce Partnership Photo caption: From L-R: Joe Mbulu, Chief Financial Officer, Union Bank; Chief Diana Chen, Chairman/Chief Executive Officer, CIG Group; Mudassir Amray, MD/CEO, Union Bank; and Dr. Ramanathan Murugesan, Chief Finance Officer, CIG Group at the official signing ceremony of Drive Now, Pay Later partnership between Union Bank and CIG Group held in Lagos recently. Lagos, Nigeria - Union Bank of Nigeria has signed a commercial partnership agreement with Choice International Group (CIG) Motors Limited, …
N4.1bn Debt: Court Hears Ecobank’s Bankruptcy Suit Against Otudeko July 4 Debt: Court Hears Ecobank’s Bankruptcy Suit Against Otudeko July 4
N4.1bn Debt: Court Hears Ecobank’s Bankruptcy Suit Against Otudeko July 4 Debt: Court Hears Ecobank’s Bankruptcy Suit Against Otudeko July 4 The Federal High Court in Lagos has adjourned further proceedings until July 4 in the bankruptcy suit filed by Ecobank Nigeria Limited to recover an alleged debt of N4.1bn from the Chairman of Honeywell Group, Dr Oba Otudeko. The case was adjourned on Tuesday at the instance of the court based on heavy workload. However, Ecobank’s counsel, Mr Kunle Ogunba, SAN, expressed reservation on the adjournme…
FBRA Partners with UNIDO to Train Recyclers and Manufacturers of Plastic in Abuja.
FBRA Partners with UNIDO to Train Recyclers and Manufacturers of Plastic in Abuja. The Food and Beverage Recycling Alliance (FBRA), in partnership with the United Nations Industrial Development Organization (UNIDO), held a seminar to raise awareness of the Promoting Sustainable Plastic Value Chains Through Circular Economy Practices for Recyclers Project in Abuja. The aim of this collaboration is to contribute to Nigeria’s inclusive and sustainable industrial development and to reduce leakage of plastics into the environment. The problem…
FIRSTBANK REFUTES ALLEGATION
OFFICIAL STATEMENT FIRSTBANK REFUTES ALLEGATION Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank. While we will not be able to offer further comments as the matter is sub-judice, suffice it to say that the basis of the charge is a spurious allegation made by a delinquent debtor with the intention of embarrassing the Bank and tainting the Bank’s loan recovery efforts and legal enforcement of its security collateral interest in accordance with the terms thereof. W…
DANGOTE LISTS N300B SERIES 1 AND 2 LARGEST BONDS ON NGX, FMDQ
DANGOTE LISTS N300B SERIES 1 AND 2 LARGEST BONDS ON NGX, FMDQ Dangote Industries Limited (DIL) has formally listed its N300 billion Series 1 and 2 bonds issued under the Dangote Industries Funding Plc during a grand listing ceremony at both the FMDQ and the Nigeria Exchange Limited (NGX) in Lagos. CAPTION: DSC 4701: L-R : Chief Executive Officer of FMDQ, Bola Onadele Koko; Group Managing Director, Dangote Industries Limited, Olakunle Alake and Chief Executive, Stanbic IBTC Capital Ltd, Funso Akere, during the Listing Ceremony of the Dang…
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Sterling extends publication date of Annual Statements
Sterling extends publication date of Annual Statements Sterling Bank Plc, has just announced that it requires a short extension outside the deadline for filing its Annual Financial Statements (AFS) for the year ended 31st December 2022. This was contained in a copy of the bank’s letter to the Nigerian Exchange (NGX) filed on the 29th of March, 2023. Company Secretary and Chief Legal Officer, Ms. Temitayo Adegoke, assured stakeholders and the public that the organisation is diligently working with its auditors, Deloitte, to finalise the AFS b…
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Stanbic IBTC Bank Completes First Inbound Commercial Transaction On PAPSS
Stanbic IBTC Bank Completes First Inbound Commercial Transaction On PAPSS Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has completed the first inbound commercial transaction on the Pan African Payment and Settlement System (PAPSS) in Nigeria, making history. PAPSS is an initiative of the African Union and the AfCFTA Secretariat, designed to provide a secure and efficient payment platform for African businesses, promoting intra-African trade and economic integration by facilitating payments and settlements for cross-bo…
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