First Edition of the Tastemakers Wine Series Hosted by Vendease

Economy

Subsidy: NNPC says the price of petrol will come down

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major players in the oil sector would force down the price of petrol as against the upward trends that have caused panic in the…
Read more
Markets

Naira devaluation fake news – CBN

The Central Bank of Nigeria has debunked the claim that it has devalued the naira. A statement signed by Acting Director Corporate Communications, Isah AbdulMumin, said the dollar traded at N465/$1 contrary to reports. The statement partly reads, “We wish to state…
FintechTechnology

Telcos are phasing out old USSD codes

Telecommunication firms have begun to phase out old Unstructured Supplementary Service Data shortcodes for new harmonised ones as directed by the Nigerian Communications Commission. With this move, famous USSD codes such as *556# are now outdated. Customers of MTN Nigeria…
Banking

UBA strengthens its alumni network

United Bank for Africa Plc has revamped the UBA Alumni Network Programme, aimed at fostering stronger connections and providing exclusive benefits to its esteemed former employees. According to the statement issued by the bank, in enhancing its initial promises, the revamped UBA Alumni Network now offers a broad range of advantages to empower ex-staff members. UBA’s Group Managing Director…
Read more
Banking

FCMB provides loans to customers to purchase airtime

First City Monument Bank has unveiled an innovative product called FCMB Airtime Advance, which allows customers to borrow funds from their bank accounts. A statement from the bank said it allowed borrowings ranging from N200 to N5,000 directly from their bank accounts for…
Agriculture

Arla Foods launches facility to boost milk production

Arla Foods, maker of Dano Milk, says it has inaugurated a state-of-the-art dairy farm in Kaduna State as part of the company’s efforts to ensure sustainable milk production in Nigeria. According to a statement, the farm, located in Damau village, Kubau Local Government…
Education

Wema Bank supports school with furniture

Wema Bank has said it donated chairs and tables to Isale Eko Grammar School, in Lagos State. A statement said the act was made possible through Wema Bank’s corporate social investment initiative, the “Salary for Love” campaign. It said Wema Bank’s employees selflessly contributed a portion of their salaries, embodying the spirit of giving back and leaving a lasting impact on the lives of…
Read more
Banking

CBN, varsity partner on eNaira

The Central Bank of Nigeria has partnered with Benson Idahosa University, Benin, Edo State, to deepen adoption of eNaira as a payment system and medium of exchange. Branch Controller, CBN, Benin, Michael Mbeze, stated this during a three-day training of students of the…
Education

Anambra Woman Injures 7-Year-Old Nephew For Failing To Recite English Alphabet

The Anambra State Ministry of Women and Social Welfare has caught another woman who physically assaulted, brutalised and battered a seven-year-old nephew for failing to recite the English alphabet (A,B,C,D…) in the State. SaharaReporters gathered that the victim, identified as Sunday, was taken to the office of the state women and social welfare commissioner, Ify Obinabo, on Tuesday by some…
Read more