Ecobank launches mVisa across 33 African countries

Businessam StaffOctober 4, 2017

Ecobank, the pan-African bank, has partnered Visa to launch Ecobank Scan+Pay with mVisa solutions to its consumers across 33 African countries According to the bank, the strategic tie-up signals interoperability on a cross border level with potentially huge gains as it affords consumers with the ability to use their mobile phone to directly access funds […]

GIFMIS: A good policy pushed hastily

Obodo EjiroOctober 1, 2017

When Ifeoluwa Bakare went to the bank to pay some money into the Treasury Single Account (TSA) of the Federal Government on 7th, October 2017, she met a brick wall. She was told that she needs to bring a certain number from the Ministry of Health to the bank before her payment could be processed. […]

Glencore weighs bid for Chevron’s South Africa assets

Businessam StaffOctober 1, 2017

Glencore Plc. is among companies considering bidding for Chevron Corp.’s South African assets after a proposed sale to China Petroleum & Chemical Corp. stalled when local partners said they will exercise a preemptive right, according to two people familiar with the matter. China Petroleum said in March it agreed to pay $900 million for Chevron’s […]

Neimeth announces management change as Chris Mmeje becomes acting CEO

Businessam StaffSeptember 27, 2017

The board of directors of Neimeth International Pharmaceuticals Plc. has announced the appointment of Chris Mmeje as acting managing director and chief executive. This followed the resignation of Ebere Igboko Ekpunobi who has been chief executive since March 2016 but had to resign on poor health after suffering injuries from a sporting accident. In a […]

Fidelity Bank, LBS move to boost forex earnings with export initiative

Businessam StaffSeptember 27, 2017

Nnamdi Okonkwo, Managing Director & Chief Executive Officer, Fidelity Bank

Fidelity Bank Plc has expressed readiness to support the Federal Government non-oil sector diversification drive with an Export Management Programme (EMP) to boost foreign exchange earnings.Nnamdi Okonkwo, the bank’s Managing Director, said this while speaking at the EMP Stream Five Initiative at the Lagos Business School (LBS). Nnamdi Okonkwo, the bank’s Managing Director, said this […]

Uber set to pull out of Canada’s Quebec province

Businessam StaffSeptember 27, 2017

Ride-hailing service Uber Technologies Inc. said on Tuesday it will stop operating in the Canadian province of Quebec next month, pulling out to avoid following tough new regulations announced last week. Uber is withdrawing from Canada’s second-most populous province as it also battles a decision to strip the company of its license to operate in […]

FirstBank promotes kindness in week-long corporate responsibility, sustainability celebration

Bukola OdufadeSeptember 25, 2017

Nigerian lender, First Bank, Monday began a whole week devoted to celebrating its corporate responsibility and sustainability  (CR&S)initiatives across the country, some African countries where it  has subsidiaries and in the United Kingdom. The celebration will last until Friday 29, September, 2017. The lender in a statement said the theme for the celebration is ‘Promoting […]