GTBank Masters Cup Returns for Season 8

One of the most exciting secondary school football tournaments in Africa, the GTBank Masters Cup, is set to return for its 8th season, following its opening draws, which was held on Thursday, January 17, 2019, in Victoria Island, Lagos. The tournament will feature over 30 schools and more than 40 teams who will compete for trophies in the male and female categories. Established in 2012, the GTBank Masters Cup is organized by foremost African financial institution, Guaranty Trust Bank, as a way of extending the benefits of the Bank’s football…

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Stop attacks against BEDC, 46 CSOs warn Gov. Obaseki, others

Against the backdrop of incessant hostility mounted on its operation, electricity consumers in Edo State, especially those hiding under the cover of civil rights advocacy to foist unlawful conducts, and the Edo State Governor, Godwin Obaseki, have been urged to desist from doing so forthwith or face legal actions. A group with 46 allied Civil Society Organisations (CSOs), Transparency Advocacy for Development Initiative (TADI), Abuja, made this declaration at a World Press Conference addressed by its National Convener, Comrade Solomon Adodo at Abia House, Abuja. “We call on the Governor…

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Investors sell off dropping Access Bank shares after Diamond Bank Merger

Side effects of the Access Bank and Diamond Bank merger manifested on the floor of the Nigerian Stock Exchange as Access Bank lost heavily at the end of trading on Tuesday as some investors sold off their shares. The bank recorded a 5.52 per cent decline in its share price as it fell to N7.70 on Tuesday from the N8.15 recorded on Monday. Following an announcement on Monday confirming its proposed merger with Diamond Bank Plc, Access Bank’s share price gained 9.40 per cent that day to close at N8.15…

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Looters Haven! How Heritage Bank forfeited ‘mysterious’ N157bn to FG

Things are definitely not the same anymore at Heritage Bank as the deposit bank is reeling under the effect of a Federal High Court order mandating it to forfeit a ‘mysterious’ N157bn traced to the bank and with no owners, to the Federal Government. The EFCC had discovered the mystery money following an intelligence report received by the anti-graft agency. The bank, a transformation from the defunct Societe Generale Bank owned by the Saraki family was ordered by the court to forfeit the money suspected to have been proceed of…

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Afreximbank looks to the future of African business in campaign with CNN

The African Export-Import Bank (Afreximbank) is raising awareness about investment opportunities across the African continent through a multi-faceted campaign on CNN. The campaign, established by CNN International Commercial (CNNIC), includes a dynamic mix of event partnership, TV and digital advertising, branded content, and editorial sponsorship. This media mix is across multiple CNN platforms in order to reach a wide range of business leaders, opinion formers and decision makers interested in doing business in Africa. The focus of the campaign is Afreximbank’s landmark Intra-African Trade Fair – a seven-day event taking…

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BEDC refutes fictitious information on license withdrawal message by EDO by EDOSCO

The attention of the Management of BEDC Electricity PLC (BEDC), has been drawn to a fictitious online publication posted by the Edo State Civil Societies Organization (EDOSCO) that the operating license of BEDC has been withdrawn and that customers in Benin, should not pay for electricity based on this position. We wish to strongly condemn the publication in its entirety which is a propaganda by EDOSCO, an organization peddling misinformation after BEDC instituted court cases against some of its members for illegal tampering with power equipment. Our esteemed customers should…

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GTBank wins double in Nigeria, Sierra Leone

Foremost African financial institution, Guaranty Trust Bank Plc has won the award for “Bank of the Year Nigeria” for the second year in a row at The Banker’s Bank of the Year Awards, regarded as the industry standard for excellence within the global banking sector. Guaranty Trust Bank Sierra Leone Ltd, a subsidiary of Guaranty Trust Bank Plc, was also recognized as the “Bank of the Year Sierra Leone” at the event, which held on November 29, 2018 at the Sheraton Grand London Park Lane, London, United Kingdom. The Banker,…

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Ex-staff exposes the rot in Diamond Bank, how the Dozies plan to sell ’empty Diamond’ to Access Bank

Diamond Bank Managing Director, Uzoma Dozie has been exposed by a former staff of the bank, Donald Ezenwa… “I was a staff of Diamond Bank until recently, having joined in 2003. Let me place it on record that I am not particularly happy with Alex Otti just like other staff who love the bank. I have 3 problems with him. One, why on earth would such a brilliant man leave a great job he took after almost 4 years to join the uncertainty of politics?” “Two, why did he not…

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Hadiza Usman, NPA Boss, Denies Senate’s N177 Billion Fraud Allegation

Hadiza Bala Usman, Managing Director of the Nigerian Ports Authority (NPA) has denied allegations made by the Senate that it failed to remit N177 billion of its 2017 revenue into the Consolidated Revenue Fund, as required by law. The NPA in its statement said that; “Total revenue generated by the Authority in the Year 2017 stood at N303.9 billion while total expenditure (inclusive of recurrent and capital) amounted to N205.8 billion.” “Of the N303.9bn generated revenue, the sum of N60.12 billion represents uncollectable revenue from concessionaires attributed to clauses in…

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Police Recover N7.9m From Abia Wonder Bank Operators

The investigation panel set up by the Abia State Police Command to investigate cases of fraud, illegal cooperative societies and financial institutions in the state has arrested 18 suspects and recovered about N7.9m. The state Commissioner of Police, Mr Chris Ezike, noted that the panel was inaugurated following complaints from Abia residents at police stations in the state about activities of the suspected fraudsters. He stated in a statement sent to our correspondent on Saturday that the command would write the Central Bank of Nigeria to ascertain whether the institutions…

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Fidelity Bank Rewards More Customers in GAIM season 3

In its “Get Alert in Millions (GAIM) season three” promo, Fidelity Bank Plc yesterday presented the first set of winners. At the first presentation of the promo, 13 customers went home with cash prizes of N1 million and N2 million respectively, while 18 others went home with consolation prizes which ranged from table top fridges, television and power generating sets. The 31 winners that emerged at the first monthly draw of the promo cut across the six draw zones: Lagos, south-west, north, Abuja, south-east and south-south. Speaking at the presentation,…

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ANED berates Gov Obaseki over row with BEDC

The Association of Nigerian Electricity Distributors, ANED, has lent its voice to the ongoing row between the Governor of Edo State, Godwin Obaseki and the management of Benin Electricity Distribution Company (BEDC) Speaking in response to media queries, ANED’s Executive Director for Research and Advocacy, Chief Sunday Oduntan, in a statement, said the umbrella body was displeased by the recent treatment of BEDC’s Managing Director by the Governor during a visit by the House of Representatives Committee on Power to Edo state. Governor Obaseki walked the MD out of his…

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Union Bank Receives Multiple Awards at 2018 Marketing World Awards Ceremony

Union Bank has received the ‘Marketing Campaign of the Year’ and ‘Innovative Financial Brand of the Year’ awards at the 2018 Marketing World awards. The awards were officially presented at a ceremony that held recently at the Movenpick Ambassador Hotel in Accra, Ghana and brought together top practitioners and stakeholders from the African integrated marketing communications industry. Now in its 8th year, the annual Marketing World awards were established to recognise and celebrate top individuals and organisations across Africa who have developed and implemented exceptional integrated marketing campaigns during the…

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‘I leaked subsidy scam to ex-Prez. Jonathan’ +How we set up Farouk Lawan’s bribe scandal -Femi Otedola

True words are not defined by the volume of a man’s voice, but by the consequence of his choices. Ask Femi Otedola. The billionaire magnate would never use gilded words to masque deceit neither does he brandish fickle principles and statistics to conclude with a false truth. Unlike many a rabble-rouser, who flashes documents to lock down evidence but never real facts to back their proof, Otedola has revealed the depth of decadence and negligence that aided and abetted corruption in the oil sector during ex-President, Goodluck Jonathan’s regime. But…

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Habari, Nigeria’s Largest Platform for Music, Shopping, Lifestyle Content and More, Goes Live

Leading African financial institution, Guaranty Trust Bank plc, has announced the launch of Habari, Nigeria’s largest platform for music, shopping, lifestyle content and more. Unveiled on Friday, November 23, 2018, at a special event attended by renowned personalities in the entertainment, media and technology sectors, Habari offers users direct access to the largest catalogue of local and foreign music online, a seamless shopping experience and an exciting way to connect with friends, amongst other features. Built around the everyday lives of customers, Habari is the first mobile platform in Nigeria…

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Royal College Of Education has resources to run Degree Courses –Prof. Bandele

Ekiti State University on Saturday 10th November 2018 matriculated one hundred and twenty students into different degree courses in their Sandwich Program with Royal City College of Education, Iyesin Ota in Ogun State for 2018/2019 academic sessions. Performing the ceremony, EKSU Vice Chancellor, Prof. Samuel Oye Bandele, urged the students to be committed to their studies. He also encouraged them to eschew acts that are inimical to their academic progress. He further reiterated the premium academic excellence in Ekiti State University, “I hereby assure all matriculating students that the University…

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Express yourself with Nai’vasha Johnson At her Masterclass at the GTBank Fashion Weekend Hair Stylist

Nai’vasha is a New York-based hair stylist and the hands behind some of the most iconic hairstyles ever seen on the red carpets. She specializes in natural hair, hair colour, wigs, and men’s grooming. Her celebrity clientele includes Yara Shahidi, Sasha Lane, Uzo Aduba, Logan Browning, Lakeith Stanfield, John Legend, and Common. Nai’vasha has collaborated with top photographers such as Scott Trindle, Yelena Yemchuk, Nagi Sakai, Bruce Weber, Bjorn Iooss, and Renell Medrano on shoots appearing in major publications such as Vogue, Vanity Fair, Marie Claire, ELLE, W, Harper’s Bazaar,…

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GTBank Fashion Weekend: Meet the Runway Designers

Hard work, creativity and passion, punctuated by the clicking of heels, define a single moment on the GTBank Fashion Weekend Runway Show. On Saturday, November 10th, and Sunday, November 11th, 2018, thousands of guests will be entertained by this single moment as indigenous and internationally renowned designers showcase their brands on the runway. These are the designers slated for Day 1 of the 2018 GTBank Fashion Weekend: Ituen Basi Ituen Basi’s 2009 collection brought back the proliferation of the Oleku trend which led to the new wave of the Ankara…

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GTBank Fashion Weekend: UK Fashion Buyers, Stavros Karelis & Anna Trevelyan to speak on “The Concept of Fashion Curation”

Stavros Karelis is the Founder & Buying Director of MACHINE-A, a London-based independent concept store for men and women and Anna Trevelyan is the Co-founder and Fashion Director of MACHINE-A. In 2009, Stavros and Anna opened MACHINE-A, with the of aim of showcasing emerging designers alongside established fashion brands. The store quickly became London’s coolest retail destination. Between them, Stavros and Anna share an array of awards and accomplishments: Stavros is a recipient of GQ’s 35 most successful men under 38 award and Business of Fashion’s 500 shaping the fashion…

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Burak Cakmak, Dean of Parsons School of Design, is Coming to the GTBank Fashion Weekend

Burak Cakmak has facilitated successful collaborations for over a decade with a wide range of stakeholders including suppliers, retailers, NGOs, governments, and the media in order to drive positive, ethical industry change. Cakmak was named Dean of Fashion at Parsons in 2015 after working at Swarovski Group as the company’s first Vice President of corporate responsibility where he was instrumental in implementing best practice industry standards across the business. Prior to Swarovski, Cakmak worked at Kering as its first Director of corporate sustainability, spearheading innovation-driven sustainability strategies for the luxury…

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Celebrated Style Director, Nikki Ogunnaike to discuss “Diversity in Fashion” at 2018 GTBank Fashion Weekend

Nikki Ogunnaike is the go-to style expert for the 25 million+ users, fans, and followers of what is now the largest fashion and beauty magazine website. She also represents the brand on television and in ELLE.com videos. Anytime you need a mix of style that is equal parts accessible and forward-thinking, Ogunnaike is on it. The Nigerian-American editor cut her teeth at InStyle as an Assistant Editor and Vanity Fair as a fashion assistant before moving to Glamour.com as their Senior Fashion Editor. Date: Saturday, November 10th, 2018. Time: 12:00…

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Vogue’s Style Editor-at-Large, Julia Sarr-Jamois to storm GTBank Fashion Weekend

Julia Sarr-Jamois is a London based stylist and is the Fashion Editor-at-Large at British Vogue and Senior Fashion Editor-at-Large at i-D. Furthermore, she is a contributor for Teen Vogue, Vogue Italia, Self Service, Double and M Le Monde. Julia regularly works with leading photographers such as Harley Weir, Zoe Ghertner, Angelo Pennetta, Letty Schmiterlow, Theo Wenner and Oliver Hadlee Pearch. Julia’s work, which typically plays with unexpected clashes of texture and idiom, has also won her top commercial clients, such as Max Mara, Moschino, Kenzo, Lacoste, Carven, Nike, Stella McCartney…

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Dangote, Elumelu listed in world’s most charitable persons

The philanthropist gesture of the President of the Dangote Group, Aliko Dangote, and Chairman, United Bank for Africa, UBA, Tony Elumelu were recognised and highlighted by Richtopia, a United Kingdom-based digital periodical that covers business, economic and financial news on Wednesday, as two of Africa’s foremost businessmen named 6th and 11th most charitable persons in the world. Warren Buffett, Bill Gates and J.K Rowlings occupied the first three positions, while Oprah Winfrey and Elon Musk were in the fourth and fifth position, respectively. Aside from Dangote, the Chairman, United Bank…

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Dangote smashes Guinness record, innitiates ‘World Puff-Puff Day’

Africa’s foremost flour producer, Dangote Flour Mill has broken the Guinness Book of Records for the World’s Largest Puff-Puff pyramid, as the company fried two metric tonnes (40 bags of 50-kilogramme) of flour to celebrate the commencement of its initiated World Puff-Puff Day to be celebrated on 27 October every year. According to Anthony Chiejina, Group Head, Corporate Communication, Dangote Group, the company broke the record of 200kg, which equals to four bags of flour recorded to have been fried at a location. According to him, to celebrate the maiden…

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Fashion legends to storm GT Bank FSHN WKEND

Fashion Innovator The legendary designer and style pioneer, Dapper Dan will be at the GTBank Fashion Weekend With his eponymous store on 125th street, Dapper Dan pioneered streetwear in the early 1980s, co-opting luxury branding to design original garments with high-end detail. A leading driver of the 80s chic style, Dapper Dan began making clothes in Harlem, during which he was known for giving rap its signature music style, styling everyone from Big Daddy Kane to Mike Tyson. He then went on to outfit entertainers and other celebrities including Eric…

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Fidelity Bank on course to deliver on 2018 financial targets as 9 months profits hit N20bn,

Lagos Nigeria: October 25, 2018: Fidelity Bank Plc has posted an impressive financial performance for the 3rd Quarter of 2018 and is on course to finishing strong in the 2018 financial year. Details of the 9-months results for the period ended September 30, 2018, released yesterday at the Nigerian Stock Exchange (NSE) showed a double-digit growth in revenues and profitability. Gross Earnings grew by 6.9% to N139.0 billion from N130.1 billion reported in the same period in 2017 whilst profit-before-tax soared by 23.6% from N16.2 billion to N20.1 billion. In…

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GTBank returns N164bn as profit before tax in Q3

GTBank Releases Q3 2018 Unaudited Results…..Reports Profit before Tax of ₦164.2 Billion Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for the period grew by 8.8% to ₦337.3billion from ₦309.9billion reported in September 2017. Profit before tax stood at ₦164.2billion, representing a growth…

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Heritage Bank adjudged “Most Supportive Bank of the Year”

Heritage Bank Plc., Nigeria’s Most Innovative Banking Service provider, yet again has been adjudged the “Most Supportive Bank of the Year,” barely two weeks it grossed home three awards for its outstanding performance. The current award was conferred on Heritage Bank at the fourth edition of Green October Event 2018, an event organized by Alamode Magazine. Only recently, Heritage Bank was adjudged “Best SME Bank Nigeria 2018” by Capital Finance International (CFI.co) and “Agriculture Bank of the Year 2018” by the Nigeria Agriculture Awards (MAA). Also, the bank was honoured…

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Forgery And Impersonation: EFCC Vows to Arrest, Produce Innoson Motors Boss, Innocent Chukwuma in court

The Economic and Financial Crimes Commission, EFCC, has vowed to ensure that the Chairman, Innoson Motors Nigeria Limited, Innocent Chukwuma is arrested to face fraud charges in court. The Commission gave the assurance, after Justice Olusola Williams of the Special Offences Court sitting in Ikeja, Lagos, struck out the case of fraud it instituted against Chukwuma because the EFCC failed to produce Chukwuma in court to face trial. Chukwuma and his company, Innoson Motors Nigeria Limited, were to be arraigned on a four-count charge of conspiracy to obtain by false…

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The GTBank Fashion Weekend: Where beauty lives

What is your definition of beauty? A collection of the most colorful designs, a convergence of the most glamorous, being draped with couture from head to toe, or does it simply mean, you? For us, at GTBank, beauty is all of the above, and more. Beauty goes beyond what meets the eyes. It is in the audacity of fashion designers to create timeless pieces; it is in the enterprising spirit of small businesses who drive the fashion industry, it in you, daring every day to always be yourself. So join…

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Fidelity Bank Launches New Savings Campaign

Nigerian lender, Fidelity Bank Plc on Monday unveiled a novel account opening initiative, just as it launched a new savings promotion campaign aimed at rewarding new and existing customers of the bank. The new account opening initiative, the first of its kind in the Nigerian banking industry, enables members of the public to open online savings accounts through a Quick Response (QR) code which can be scanned from any of the promotional materials such as roll up banners, fliers, posters and newspaper adverts. This is expected to significantly ease the process…

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Ifeanyi Uba owing players 8-months salaries, Coach quits

The crisis rocking FC IfeanyiUba took a new dimension for the worse as team coach Ladan Bosso called it quit with the club over unpaid salaries and allowances to players running into 8 months. The club owned by controversial oil magnate and politician, Ifeanyi Uba, a one-time governorship candidate of Labour Party in Anambra State first erupted in crisis when in August, the players reportedly went on a strike and refused to train for a week in order to press home their demands. However, the action failed to persuade the management…

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Fidelity Bank CEO Assures Investors On Better Returns In 2018

Fidelity Bank CEO, Mr. Nnamdi Okonkwo has assured the investors and analysts community that the top Nigerian lender will deliver better returns in the 2018 financial year. Speaking in Lagos, Friday during the Half Year Investors and Analyst Conference Call, Okonkwo said the bank will maintain the disciplined approach to the execution of the medium term strategic initiatives, that have sustained the bank’s strong performance in recent years. “From what we have seen so far and going by our half year results, we are staying with our guidance for the…

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Labour calls off nationwide strike

The Organised Labour has suspended the minimum wage strike it embarked upon to protest government decision to suspend the meeting of the Tripartite Committee. President of the Nigeria Labour Congress, Comrade Ayuba Wabba who announced the suspension at a news conference said organized labour has received a firm invitation to the reconvening of the meeting of the Tripartite Committee. He asked all workers to resume work immediately.

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HI 2018: Fidelity Bank Sustains Growth As Profits Soar By 27% To Close At N13bn

Gross Earnings hit N88.9bn 80% of Total transactions now digital Lagos Nigeria: September 26, 2018: Fidelity Bank Plc posted an impressive half-year results for 2018, recording a double-digit growth in key revenue lines and achieving significant traction in her chosen business segments. Details of the audited half-year results, for the period ended June 30, 2018, released at the Nigerian Stock Exchange (NSE) on Wednesday showed a 27.3 per cent jump in Profit Before Tax (PBT) from N10.2bn in the previous period to N13bn in the reporting period. Profit After Tax (PAT) rose…

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GTBank Announces Model Casting Call For 2018 Fashion Weekend

Calling All Models! Have you got what it takes to strut the runways of Africa’s biggest fashion event? Then, the GTBank Fashion Weekend is looking for you. In preparation for the upcoming 2018 GTBank Fashion Weekend, there will be an in-person Model Casting Call at Muson Center, Onikan, Lagos on Tuesday October 2nd, 2018. Models selected at the Casting Call will showcase the latest fashion designs at the 2018 GTBank Fashion Weekend, holding in November 10th and 11th, 2018. Requirements: Only female models between the ages of 18 to 27…

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13,000 depositors lose N27bn to Wonder Bank

A wonder bank, operating under the name,  Micheno Multipurpose Cooperative Society, MMCS, has defrauded over 13,000 people to the tune of N27 billion in Cross River State. The scheme owned and operated by one Michael Eke, had promised depositors of N100,000 and additional N50,000 at the end of 40  days, and those who deposit N150,000 would get N300,000 at the same period A deposit of  N1 million would earn a N500,000 profit at the end of the same period while deposits above N1 million  would be calculated in N1 million …

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Aimart Realtors woos Nigerians with Worry-Free homes, unveils brand ambassadors

This is cheering news for millions of Nigerians who seek to own and live happily in their own homes as Aimart Realtors has finally come to make their dreams a reality. Mr. Martins Iluyomade, the managing director of the fast growing property company with head quarters in Lagos, while speaking at a recent press conference, called on Nigerians to take advantage of their various family-oriented packages and invest in worry free homes. Speaking further, Mr. Iluyomade disclosed that parts of the benefits of investing with Aimart Realtors include easy payment…

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GTBank offers free retail stall @ 2018 GTBANK FASHION WEEKEND

Do you make or sell fabulous fashion apparels and accessories? Can your fashion brand stand out at the biggest fashion event in Africa? Then, the 2018 GTBank Weekend is calling for you! Now in its third year, the GTBank Fashion Weekend has become the premier consumer-focused event that places African fashion on the global stage and helps small businesses in the local fashion industry thrive. The first and second editions of the event, which held in November 2016 and 2017 respectively, brought together over 250,000 people to interact with some…

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RevolutionPlus Launches Independent Sales Promo, Unveils Odunlade as Brand Ambassador

Nigeria topmost Real Estate company, RevolutionPlus Properties on Monday announced its annual Independence Sales promo in recognition of Nigeria’s national day celebration and also unveiled versatile Nollywood actor, Odunlade Adekola as its new brand ambassador. Its Chief Executive Officer, Mr Bamidele Onalaja while addressing newsmen at the company’s head office in Ikeja, said “the whole reason why we engage Nigerian celebrities as ambassadors is to create a synergy between our products and indigenous brands in the entertainment industry, identity and add value to such local brands and work together to…

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OBJ’s farm sealed for tax evasion

The Oyo State government on Tuesday sealed Obasanjo Farms and 15 other businesses over failure to pay the state’s Environmental Development Levy. The enforcement order was executed by the state’s inter-ministerial enforcement unit being coordinated by the Board of Internal Revenue. Other companies affected by the order included Black Horse, Heinemann Educational Books, Lister Flour Mills, Evans Brother, Butterfield bakery, Chicken Republic, MRS oil and Rasmed Publicity. Chairman of the board, Bicci Alli, told journalists that the order became necessary after the failure of the companies to comply with the…

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GTBank Fashion Weekend to hold in November

From Saturday the 10th to Sunday the 11th of November, 2018, fashion enthusiasts all over the world will be treated to an unparalleled exposé of Africa’s finest in fashion at the 3rd edition of the GTBank Fashion Weekend. Holding in Lagos, one of Africa’s largest and most cosmopolitan cities, the two-day event will bring together renowned fashion personalities from around the world and budding small businesses in the local fashion industry to create the biggest fashion experience in Africa. Now in its third year, the GTBank Fashion Weekend has become…

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Again, GTBank Inspires Fashion Industry With Sketch To Fame

Sketch to Fame; A Call for Aspiring African Fashion Designers Are you are an aspiring fashion designer? Can you create amazing fashion sketches? The Sketch to Fame competition is for you! Organized by GTBank, the Sketch to Fame Competition is offering young African fashion designers the opportunity to have their original collection produced and showcased at the 2018 GTBank Fashion Weekend. To participate in the Sketch to Fame competition, share five of your original sketches for a new collection on social media (Twitter, Instagram or Facebook) using the hashtag #Sketch2Fame.…

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UBA pumps up international spend limit on Naira Cards

Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per month as against $100 which was obtainable previously. This, the bank said, has been done in response to the growing demand for higher limits by customers who make international transactions. It is also an indication of the improved…

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Depositors’ money endangered as 9 FCMB staff elope with customers’ N.5bn

For customers and depositors of First City Monument Bank, its panicky mode activated as members of staff of the new generation bank have allegedly bolted with depositors’ money runing into hundreds of millions. In what industry watchers have termed the biggest theft of customers’ deposit, nine members of the bank staff have made away with a total sum of N500 million, and their whereabouts remain unknown, though the Nigeria Police have secured an arrest warrant from a magistrate court in Lagos to effect the arrest of the suspected fraudulent staff…

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Fidelity Bank, BOI, Ford Foundation Unveil Lending Scheme For Aba Leather Manufacturers

Lender Donates Fully Equipped Secretariat To LEPMAAS Fidelity Bank Plc, top Nigerian lender in strategic partnership with the Bank of Industry (BoI) has launched the Aba Finished Leather Goods Cluster Financing Programme, as part of continuous efforts to promote Made-in-Nigeria goods capable of meeting global standards for export and local consumption. N400 million in financing provided by BoI will be made available on a quarterly basis to over 300 members of the Leather Products Manufacturers Association of Abia State (LEPMAAS). The funds will be disbursed through the Fidelity Bank while…

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GTBank Records Profit Before Tax of N109.6BN for H1 2018 Audited Results

Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for the period grew by 5.9% to ₦226.6billion from ₦214.1billion reported in June 2017. Profit before tax stood at ₦109.6billion, representing a growth of 8.4% over ₦101.1billion recorded in the corresponding period of June 2017.The…

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Fidelity Bank donates Secretariat, launches loan scheme for Aba Leather Products manufacturers

Managing Director, Bank of Industry (BoI), Olukayode Pitan; Head, Corporate Bank, Fidelity Bank Plc, Obaro Odeghe; and H.E Dr., Executive Governor, Abia State, Okezie Ikpeazu; at the official commissioning of a new secretariat donated by Fidelity Bank to the Leather Products Manufacturers Association of Abia State (LEPMAAS) in Aba  

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Meet UBA’s Leo, the virtual banker, on WhatsApp

The United Bank for Africa (UBA), has launched its famous chat banker, Leo, on WhatsApp and will be fully available to customers by September 1st, 2018. With this latest development from UBA, customers who are lovers of WhatsApp will be able to open new accounts, check their balances on the go and carry out basic banking services. Mr. Kennedy Uzoka, Group Managing Director of the bank who spoke about the launch of Leo on WhatsApp, said:  “Our customers are at the heart of our business and we, as a bank,…

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Sacked Diamond Bank Staff: Reps give CBN 21 days ultimatum

The House of Representatives Committee on Public Petitions chaired by Rep. Nkem Abonta has given a final 21 days ultimatum to Central Bank of Nigeria(CBN) to declare its position on the case of staff members of Diamond Bank Plc who were sacked without any form of compensation. Abonta stressed that the position of the CBN would guide the committee’s final decision on the case as CBN supervised all commercial banks in Nigeria. He directed the committee’s secretary to officially write again to notify CBN of the 21 days ultimatum to…

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