Verve Partners OBMEET To Give Cardholders 50% Discount

Verve Partners OBMEET To Give Cardholders 50% Discount

In furtherance of its drive to strengthen the payment landscape across the globe, Africa’s leading payment technology and card business, Verve, has announced its partnership with OBMeet, a video conferencing and networking company, to give Verve cardholders a 50% discount on the platform. The discount which is currently running till December 31, 2021 avails Verve cardholders added value for the services they enjoy on the OBMeet platform. With this collaboration, Verve cardholders accessing the OBMeet no longer have to worry about the incidental challenges associated with such video conferencing and…

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Five Northern States, Two South-West, Two South-South Among Top Beneficiaries Of VAT

Five Northern States, Two South-West, Two South-South Among Top Beneficiaries Of VAT

Five northern states, two south-western states, two south-south states, and one south-eastern state collected a total of N373.84bn of the N836.51bn Value Added Tax (VAT) allocation available for states in 14 months. This is according to the latest Federation Accounts Allocation Committee (FAAC) allocation data available from the National Bureau of Statistics (NBS) for January 2020 through to February 2021. In the period under review, the thirty-six states of the federation and the Federal Government shared N1.09tn as VAT revenue from FAAC, The top 10 states were: Lagos (N153.94bn), Kano…

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‘Guitar boy’ Music legend, Sir Victor Uwaifo Passed Away At The Age Of 80 Years Old.

‘Guitar boy’ Music legend, Sir Victor Uwaifo Passed Away At The Age Of 80 Years Old.

Music legend, Sir Victor Uwaifo passed away at the age of  80 years old. In his lifetime, Uwaifo was a prolific songwriter, sculptor, music and instrument inventor. Popularly known as ‘Guitar boy’, the legendary Nigerian died after a brief illness. Uwaifo was honoured with the National Merit Honours of Member of the Order of the Niger (MON). .Uwaifo obtained a B.A. Honors (first-class valedictorian), Masters’s degree and Ph.D. in Architectural Sculpture, University of Benin (UNIBEN). Sir Victor lectured at the UNIBEN’s Department of Fine and Applied Art. The ‘Guitar boy’…

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UBA Records 33% Profit Growth, Declares Interim Dividend

UBA Records 33% Profit Growth, Declares Interim Dividend

The United Bank for Africa (UBA) Plc, has recorded a 33.4 percent growth in profit before tax which rose to N76.2billion, up from N57.1billion in the same period of 2020, translating to an annualized Return on Average Equity of 17.5 percent as against 14.4 percent a year earlier. The results filed with the Nigerian Exchange showed that the Group’s gross earnings grew 5.0 percent to N316billion from N300.6billion, while total assets rose to N8.3 trillion from N7.7trillion. Customer Deposits also crossed the N6trillion mark growing by 7.4 percent to N6.1trillion…

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Nigeria’s Central Bank Denies It’s Threatening To Seize Dollar Accounts

Nigeria’s Central Bank Denies It’s Threatening To Seize Dollar Accounts

There is no plan to convert dollars, pounds, or any other foreign currencies in Nigerians’ bank accounts to naira, says the Central Bank of Nigeria (CBN). In a statement on Sept. 11, the bank said it “has not contemplated, and will never contemplate, any such line of action. The speculation is a completely false narrative aimed at triggering panic in the foreign exchange market.” The clarification comes as the naira continues to weaken due to rising dollar demand, especially in the black market. While the official exchange rate holds steady around 410…

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Nobody Can Ground Any Airline Without My Authorisation – NCAA DG

Nobody Can Ground Any Airline Without My Authorisation – NCAA DG

The Director-General Of the Nigerian Civil Aviation Authority (NCAA), Capt. Musa Huhu has stated categorically that nobody in the regulatory body can ground any airline without his authorization. This is just as he disclosed that the International Civil Aviation Organisation (ICAO) Universal Safety Oversight Audit Programme (USOAP)on Nigeria’s aviation industry will be coming up in 2022. The clarification is coming on the heels of the insinuations in some quarters alleging that airlines operators are afraid of the regulatory agency and that the grounding of airlines is done by senior officers…

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Nigerians Can Now Travel Across 160 Countries Without Visa

Nigerians Can Now Travel Across 160 Countries Without Visa

Winnington Citizens & Partners, a visa processing and citizenship acquisition agency said on Friday that Nigerians “can travel to as many as 160 countries across the World without Visa requirements.” Chief Executive Officer of the firm, Mrs. Winnie Okoh, in an interview with newsmen, said the firms had packages that could ensure such visa-free travels for Nigerians. She said that with only a “Strong Passport” Nigerians who wish to travel to Caribbean countries and parts of Europe would be provided with the opportunity. Okoh, who unveiled the various packages available,…

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N70bn AMCON Debt: Court Stops Jimoh Ibrahim, NICON Insurance From Forum Shopping

N70bn AMCON Debt: Court Stops Jimoh Ibrahim, NICON Insurance From Forum Shopping

From all indications, the last may not have been heard about the high-profile debt case involving businessman Barrister Jimoh Ibrahim and his companies and the Asset Management Corporation of Nigeria (AMCON) as a Federal High Court Lagos Division on Thursday cautioned NICON Insurance Limited against what it called ‘forum shopping.’ Recall that AMCON in November 2020 following a court order seized the properties of the barrister, Jimoh Ibrahim, over an alleged debt of nearly N70billion, which was sold to AMCON by Union Bank as a non-performing loan in the early…

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Naira Slumps To Record N549 Per US Dollar

Naira Slumps To Record N549 Per US Dollar

The Nigerian Naira slumped to its lowest level in history at the parallel market on Thursday, exchanging at N549 per U.S. dollar from N530 at last week’s close. The currency also suffered heavy value erosion against the Euro and the British pound. According to rates published by ngnrates.com, the British pound exchanged for N740 and the Euro at N630. The Naira fared worst against the pound, depreciating by 1.4 percent as against the 0.9 percent fall against the dollar. Rates at this illegal window had jumped from N500 to U.S dollar…

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Nigerian Breweries Assures Participants Of Safety As Gulder Ultimate Search Begins

Nigerian Breweries Assures Participants Of Safety As Gulder Ultimate Search Begins

As the regional selection for the survival reality TV show, Gulder Ultimate Search (GUS), kicks off this week, Nigerian Breweries Plc (NB), has assured the safety of participants for the new season. With the reality show involving mostly outdoor activities, the organizers in a statement disclosed that high-tech security agencies are deployed. “We have the full complement of all private, public and high tech security agencies who have been mobilized to keep the facility impenetrable and protect the lives and properties of contestants and crew members. The entire sites are…

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