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Firstbank gives access to e-learning during COVID 19 school closures

FIRST BANK Nigeria Limited has announced partnership with government and other stakeholders to provide access to e-learning solutions to children across the country. The bank, in a statement, said the initiative is to support students and minimize the disruption to education resulting from schools’ closure following the Coronavirus (COVID-19) pandemic. “This …

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UBA donates N5bn to fight COVID-19 across Africa

UNITED Bank for Africa Plc, UBA, weekend, announced a donation of over N5 billion, through the UBA Foundation, to help contain the COVID-19 pandemic in 20 African countries where it operates. The bank said in a statement that the donation will provide much needed support to Nigeria and 19 other …

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Samsung expands activities in Lagos shipyard

Samsung Heavy Industries Nigeria (SHIN) has recorded another major milestone in its operation as its fabrication & integration yard expanded services following a new lease from the Nigerian Port Authority (NPA). SHIN had received an approval from NPA backed by Presidential Committee for their license application to operate a private …

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Coronavirus: NSE extends filing of 2019 results by 60 days

The Nigerian Stock Exchange (NSE) has granted a 60-day grace period to companies for the submission of Audited Financial Statements (AFS) due March 30, following disruptions by COVID-19. Mr Godstime Iwenekhai, NSE Head, Listings Regulation Department, disclosed this in a statement posted on the Exchange web site on Tuesday. Iwenekhai …

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COVID-19: World oil demand to plunge more than 10%, says Vitol

There are fears that global oil demand will soon plunge by more than 10 percent from the typical 100 million barrels per day, bpd consumption, as the raging coronavirus pandemic otherwise known as covid-19 forces countries into lockdown, according to the world’s biggest independent oil trader, Vitol. Demand destruction this …

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Banks encourage customers to adopt digital channels

Deposit Money Banks (DMBs) have advised their customers to use alternative digital channels for their transactions. Ecobank Nigeria Limited, Wema Bank Plc and Access Bank Plc have all reiterated the need for their customers to embrace digital platforms. This followed the outbreak of the COVID-19 pandemic, causing a lot of …

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SON destroys N480m substandard phone accessories

The Standards Organisation of Nigeria (SON) on Tuesday destroyed substandard mobile phone accessories worth over N480 million. The move is to deter unscrupulous importers who indulge in illicit trade to short-change  unsuspecting consumers Director, Inspectorate, Compliance and Directorate, SON,  Mr. Obiora Manafa,  said the exercise yesterday in Epe, Lagos was …

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