Author: BusinessTodayNG

Credit Management professionals across industries in the economy have been called upon to strictly observe ethics, transparency, and duty of care in their handling of customer credit appraisal process. Nigeria’s statutory body for the control, supervision, and regulation of the credit management profession, the National Institute of Credit Administration, gave this advice. Speaking with our correspondent in Lagos, the Registrar/Chief Executive Officer, NICA, Prof. Chris Onalo, said these attributes are necessary for a sound credit system. Onalo said, “When we talk about being ethical, transparent and carrying out duty of care to make sure that credit appraisal process are transparent,…

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The Minister of Power, Mr Adebayo Adelabu, says the Federal Government has released N12.7 billion to provide metres in Army barracks across the country. The amount is from the N40 billion earmarked for the mass metering project. Mr Bolaji Tunji, Special Adviser, Strategic Communication and Media Relations to the Minister, said this in a statement in Abuja on Monday. He quoted the minister as saying this during the flag off of the metering exercise at the Headquarters of the 9th Brigade of the Nigerian Army, Ikeja Military Cantonment. He said the exercise would be in phases with the Ikeja cantonment…

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A Federal High Court, Abuja has ordered Binance Holdings Limited to provide the Economic and Financial Crimes Commission (EFCC) with the comprehensive data or information of all persons from Nigeria trading on its platform. Justice Emeka Nwite granted the interim order after ruling on the ex-parte motion moved by the EFCC’s lawyer, Ekele Iheanacho. “The applicant’s application dated and filed 29th February, 2024, is hereby granted as prayed. “That an order of this honourable court is hereby made directing the operators of Binance to provide the commission with comprehensive data/information relating to all persons from Nigeria trading on its platform,”…

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Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90% of their peak utilization capacities. All operators who were impacted by the cuts have taken recovery capacity from submarine cables which were not impacted by the cuts, and have thus recovered approximately 90% of their peak utilisation capacities. Mobile Network Operators have assured the Commission that data and voice services would operate optimally pending full repairs of the…

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The NNPC Ltd will be at the 2024 CERAWeek Conference scheduled to hold in Houston, United States from 18th to 22nd March 2024. GCEO, NNPC Ltd, Mr. Mele Kyari will headline the Plenary Session titled “Leadership Dialogue” on Tuesday, March 19th, 2024, at the annual strategic conference. Same day, NNPC Ltd’s Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan will also headline a Plenary Session titled “What are the Choices for Upstream Strategies? On Wednesday, March 20th, 2024, it will be the turn of the Executive Vice President, Gas, Power & New Energy, Mr. Olalekan Ogunleye, who will be a Panelist…

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Hallmark Health Services Limited (Hallmark HMO), a subsidiary of Consolidated Hallmark Holdings Plc has concluded plans to hold the 2024 edition of the company’s Annual Stakeholders’ Engagement on Thursday, March 21st, in Lagos. This year’s edition, the third in the series, is scheduled to take place at Sheraton Lagos, Hotel and Towers, Ikeja from 9:00am to 2:00pm with the theme: Transforming Healthcare Delivery: Integrating Customer-Centric Technology for Enhanced Access and Affordability. The event, like previous editions, shall attract notable players in the healthcare sector including Guest of Honour, the Executive Secretary of the NHIA, Dr. Kelechi Ohiri, distinguished panelists from the technology space including Victor Sada, Head, Ventures,…

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PRESS RELEASE — Heirs Holdings has launched its first-ever television commercial. The newly released television commercial (TVC) showcases the company’s diverse portfolio, spanning the power, energy, financial services, hospitality, real estate, healthcare and technology sectors while highlighting its commitment to driving positive change and sustainable development across Africa and beyond. With its compelling narrative, the commercial is captivating audiences worldwide, shining a spotlight on Heirs Holdings’ vision, and commitment to improving lives and transforming the continent. In 2010, Tony O. Elumelu, CFR, founded Heirs Holdings after making significant strides in reshaping Nigeria’s banking industry. Elumelu made history when he led…

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Nigeria’s former President Olusegun Obasanjo, said he was pleasantly surprised at the growth of the pension assets over the last 20 years.  He stated this in a recent interview with the Chief Executive of the Pension Fund Operators Association of Nigeria (PenOp), Oguche Agudah, as part of events to mark twenty years of pension reforms in Nigeria. He said when his administration instituted the pension reforms and pushed to have a bill to reform the way pension administration were done in Nigeria, they did not think that the assets will grow this quickly and have the positive effect it has…

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The National Union of Pensioners Contributory Pension Scheme (NUPCPS) stated that the Contributory Pension Scheme (CPS) is the best thing that has happened to Nigeria’s Pension administration. They stated this when they paid a courtesy visit to the CEO of the Pension Fund Operators Association of Nigeria (PenOp) Mr. Oguche Agudah, recently. The pensioners who were represented by their executives from various states of the Federation mentioned that the way that the CPS is framed is in the best interest of pensioners if implemented to the letter. They said the CPS has eliminated fraud, has given them certainty of payments of pensions, and has also allowed them to be able to plan.…

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The National Identity Management Commission (NIMC) and the Nigerian Communications Commission (NCC) are pleased to announce a strategic collaboration aimed at enhancing processes related to the National Identification Number (NIN)-SIM linkage. In recent times, the NIN-SIM linkage exercise has become subject of national discourse, reflecting the critical importance of aligning SIM registrations with individuals’ unique national identification numbers. Recognising the significance of this initiative in enhancing security and improving service delivery, both NIMC and NCC are committed to improving processes and enhancing efficiency. Under this collaboration, NIMC and NCC will work closely to explore synergies and leverage each other’s expertise…

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