Exchange Rates: BUY/SELL 1 USD=361/363 NGN, 1 GBP=480/485 NGN, 1 EURO=425/431 NGN


UBA’s ‘Contactless’ Card Services to Revolutionise Payments System

UNITED Bank for Africa (UBA) Plc is set to rave up activities in Nigeria’s payments system landscape with the introduction of contactless card payment. The contactless cards payment offer UBA customers an easier and more convenient hassle-free way to pay for goods and services. UBA contactless cards holders will experience the next level of convenient payment services; a touch and ...

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Firm urges CBN to Audit CoT charges in banks


A CALL has been made to the Governor of the Central Bank of Nigeria (CBN), to implement and audit its directive to all banks on reduction of Commission on Turnover (COT), as the charges are currently crippling Small and Medium Enterprises (SMEs). The appeal was made by the Chairman of Builders’ Mart, Ayobami Biobaku, who alleged that CBN has not ...

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Stanbic IBTC Bank Launches Interactive Teller Machine


STANBIC IBTC Bank Plc, has lunched the National Cash Register (NCR), Interactive Teller Machine (ITM), an innovative product that will allow customers perform full banking activities 24 hours of the day. According to the bank, the ITM will further enrich customers’ banking experience as it enables them perform banking operations such as account opening, cash deposit and withdrawal, cheque deposit ...

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Ghana Gets Power-Generating Ship to Curtail Outages

WORRIED by lingering power supply crisis and its pangs on the populace and economy, Ghana has resorted to a new electricity generating scheme that would add a daily 235 megawatts (mw) to its grid this month and a further 250 mw in January, to address an estimated supply deficit of 500 mw. Already, a power-generating ship was officially welcomed at ...

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Govt to Raise Team Against illegal Mining

Stakeholders seek creation of solid minerals exploration fund The Federal Government may have concluded plans to raise a team to tackle the menace of illegal mining in the country, going by the administration’s plan to revive the taskforce for the sanitisation of operations in the industry. The Chief Executive Officer Mining Cadastral Office, Mohammed Amate, who stated this in Abuja, ...

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Total Targets 10 Solar-Powered Filling Stations by December


TOTAL Nigeria Plc, has expressed its commitment to further improve service delivery to customers, even as it unveiled plans to lunch additional eight solar-powered filling stations to make a total of 10 efficient stations across the country. The oil marketing firm already has one solar-powered station in Ikeja Lagos and Abuja, but Its Managing Director, Mr. Alex Vovk, told The ...

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Govt pays N53.3 per Litre Subsidy on Kerosene

THE Federal Government, as at November 19, paid N53.3 per litre to subsidies kerosene in the country. Though government subsidises the household product supposed to be sold at a regulated price of N50 per litre, kerosene actually sells for as much as N150 per liter. According to the Petroleum Products Pricing Regulatory Agency (PPPRA), the landing cost of kerosene stands ...

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Reps Summon Amaechi, Virgin Atlantic Management Over The Sack Of Nigerian Cabin crew

House of Representatives on Thursday summoned Rotimi Amaechi, minister of transportation, and management of Virgin Atlantic over the recent sack of over 100 Nigerians workers employed by the airline. The resolution was passed following the adoption of the motion sponsored by Femi Gbajabiamila, majority leader, who expressed displeasure over the sack of all Nigerian cabin crewmembers employed by the company. ...

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