Author Archives: Shalom

UBA, Facebook Launches Leo, Chat Banking Platform

By Nse Anthony-Uko (Sundiata Finance) – United Bank of Africa (UBA), has launched an artificial intelligence (AI) banking which rides on social networks by offering seamless transactions for its customers through a collaboration with Facebook. The new banking platform called ‘LEO’ launched on Thursday in Lagos is designed to understand customers’ needs, patterns, lifestyle and also relates with customers in ...

Read More »

Premium Pension Boss Targets N1trn Pension Assets

By Nse Anthony-Uko (Sundiata Post) — The new managing director and chief executive officer of Premium Pension Limited(PPL), Mr. Umar Sanda Mairami is targeting to grow the pension assets base of the company from its current N500 billion to about N1 trillion in the next few years. Currently, the Pension Fund Administrator (PFA) manages 738,736 Retirement Savings Accounts (RSAs) and ...

Read More »

Union Bank To Deploy Fresh Capital To Business Areas In 2018

By Nse Anthony-Uko (Sundiata Finance) – Chief executive officer of Union Bank, Mr. Emeka Emuwa, has the bank would deploy fresh capital across identified business areas and it is expected to increase capacity to serve customers better while accelerating the speed of doing business in 2018 and delivering returns to investors in short to medium term. In a statement issued ...

Read More »

Restructuring: 7-UP Major Owner Raises Offer Price To N125 Per Share

By Nse Anthony-Uko Seven-Up Bottling Company (7UP) announced that its majority shareholder, Affelka S.A, a privately-owned Lebanese firm, has revised the scheme consideration upward to N125 per share. It would be recalled that Seven-Up Bottling has received an offer from its majority shareholder, Affelka to buy out the minority shareholders for N19.33 billion ($60 million). Affelka has offered to buy ...

Read More »

BVN: Mortgage, Microfinance Banks’ Customers, Others Barred From Withdrawals

By Nse Anthony-Uko (Sundiata Finance) — The Central Bank of Nigeria (CBN) has directed Other Financial Institutions (OFIs) to place all accounts without Biometric Verification Number (BVN) on a ‘post no debit’ status. OFIs operators are those in Microfinance Banks (MFBs), Primary Mortgage Institutions, Development Finance Institutions (DFIs), Discount House, Bureaux-de-change, among others. The CBN in a circular signed by ...

Read More »

Nigerian Stock Market Upbeat, Crosses 40,000 Points To 4-year High

By Nse Anthony-Uko (Sundiata Finance) – Nigerian stocks have rallied to their highest level since 2014, as the dust settles on a bruising economic recession that hammered company profits and share prices. The All Share Index (ASI) rose 1.29 per cent to 40,362.97 points Tuesday, January 9, according to data available on the website of the Nigerian Stock Exchange, its ...

Read More »

Diamond Bank Receives ISO/IEC 20000-1:2011 Certification On Infotech Security

By Nse Anthony-Uko (Sundiata Finance) – Diamond Bank has been awarded the  ISO/IEC 20000-1:2011 certification by the British Standard Institute (BSI) Group. The certification, which was awarded after a rigorous process and systems audit by qualified BSI auditors, is a seal of approval that the Bank’s network architecture, software design, security policies, procedures and protective practices conforms to global security ...

Read More »

Vitafoam To Pay N156.3m Dividend For 2017

By Nse Anthony-Uko (Sundiata Finance) — The board of directors of Vitafoam Nigeria Plc on Monday recommended a total dividend payout of N156.3 million to its shareholders for the financial year ended September 30, 2017. Shareholders will be paid 15 kobo per share and the dividend is subject to shareholders’ approval and withholding tax. If approved at the Annual General ...

Read More »

CBN To Fine Banks N10,000 Per Week for Payment Infractions

By Nse Anthony-Uko (Sundiata Finance) – The Central Bank of Nigeria (CBN) has said banks that failed to comply with its payments system rules and regulations will be sanctioned N10,000 per week. The apex bank said operators in the National Payments System who failed to apply for licence in three months before the date of expiration will be penalized. The ...

Read More »
Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143

Washington Office: 1245 Delafield PI NE, Washington DC 20017, USA.
Tel: 0092404216156
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate