Banking

Bidvest Group Begins Search for Bidvest Bank Buyer, Aiming to Minimize Retrenchments

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July 6, 2024
Bidvest Bank will prioritise a buyer who will make minimal retrenchments as the bank goes up for sale. The bank currently employs over 1,500 employees. Bidvest Group, the parent company of the bank, today announced that the bank and its financial migration services arm FinGlobal, will be sold as part of a restructuring process. “Beyond looking for fair value of the asset, we will also…
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Banking

"UBA provides assistance to micro, small, and medium enterprises (MSMEs)."

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August 23, 2023
The United Bank for Africa has announced its plans to conduct a workshop that will provide valuable insights to proprietors of micro, small, and medium-scale enterprises, enabling them to effectively manage both their well-being and finances in the face of global economic challenges. According to an official statement released on Tuesday, UBA has organized this workshop as part of its ‘UBA…
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EnergyMarkets

"Marketers anticipate an upcoming increase in cooking gas prices for the following week."

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August 10, 2023
Gas consumers should prepare for challenging times ahead as marketers have indicated that prices will rise in the coming week. Olatunbosun Oladapo, the President of the Nigerian Association of Liquefied Petroleum Gas Marketers, stated that a surge in international prices, high taxes, vessel costs, forex shortages, and currency devaluation are contributing factors to the anticipated price…
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Economy

#SubsidyProtests: Protesters pull down National Assembly gate

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August 2, 2023
Angry protesters have pulled down the gate of the National Assembly in Abuja. Earlier, the protesters led by the leaders of the Organised Labour, Joe Ajaero of the Nigeria Labour Congress and Festus Osifo of the Trade Union Congress asked security operatives stationed at…
FintechTechnology

Google to accept naira payment on Play Store

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July 27, 2023
Google has partnered with Verve to make digital transactions on Google Play Store easier for Nigerians. The firm noted that as from Wednesday, Nigerians could now use their Verve cards to make purchases on the Google Play Store. It stated that under its new partnership…
Aviation

NAF arrests underground cable saboteur at Lagos airport

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July 23, 2023
Guards of the Nigeria Air Force who were on duty at the HQ NADC gate, caught a cable thief along the airport road by the NADC perimeter fence at about 1:35am on Friday. Three thieves were sighted digging the Federal Airports Authority of Nigeria’s underground armoured cable with a digger, shovel and cutlass. On sighting the guards, they ran from the scene. A guard however opened fire on them…
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