Business Archives - Page 16 of 24

Jul

28

2023

WEMA Bank Plc introduces its new in-branch self-service product, Phygital.

Business, Economy, SponsoredBusiness, Economy, Wema Bank

Wema Bank Plc, the leading financial institution in innovation and technology has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. YouTube video: “Phygital is the result of Wema Bank’s recognition that a segment of our customers still enjoys the physical experience of traditional banking but without potential hassles such as queues that can diminish the experience.”, announced Mabel Adeteye, Wema Bank’s Head of Brand and Marketing Communications at the launch of the initiative. “Phygital tablets grants our customers the seamless in-branch experience they desire by reducing the…

Jul

28

2023

By Amos Oge Kalu

100,000 firms to be removed from the CAC database – See Why

Business, Economy, MetroBusiness, CAC, Economy, Metro

100,000 registered firms will soon be deleted from the Corporate Affairs Commission's database, according to the organization. The Registrar-General and Chief Executive Officer of CAC, Alhaji Garba Abubakar, announced the commission's intention to remove 100,000 registered firms from its database during a training on "Use of the Beneficial Ownership Register" in Lagos. "CAC steps up enforcement of going off its register of 100,000 companies for failure to file an annual return," Abubakar added. He claimed that the Corporate Affairs Commission was scheduled to revoke the status of 100,000 businesses that had missed their deadline to submit yearly reports over the…

Jul

21

2023

By Amos Oge Kalu

Production of electricity falls by 16% to 3,501MW

Business, Economy, MetroBusiness, Economy, Metro

Nigeria's electricity production fell by 16.4% week-in-week yesterday, from 4,187.6 MW recorded on Thursday last week to 3,501.20 MW.' Our checks revealed that a number of reasons, including the state of the plants and the inadequate gas supply to thermal facilities, contributed to the situation. The situation has compelled the Electricity Distribution Companies, or DISCOs, to implement load shedding in an effort to distribute the scarce electricity among many people at various times. The Nigerian Electricity Regulatory Commission (NERC) recently announced that eleven electricity distribution firms, or DISCOs, had submitted a request for a rate review to the agency. According…

Jul

17

2023

By Amos Oge Kalu

Gov. Alex Otti reveals why Obi Cubana, a billionaire businessman, visited him

Abia State, Business, Metro2023, Abia State, Alex Otti, Business, Economy, Next Level, Obi Cubana

On Sunday, prominent businessman and billionaire Obinna Iyiegbu, also referred to as Obi Cubana, paid Alex Otti, the governor of Abia State, a courtesy call. The meeting was held in Nvosi, Isialangwa South LGA, Abia State, at the governor's mansion. Obi Cubana, a well-known entrepreneur with a track record of accomplishment, declared his intention to base a sizable chunk of his operations in Aba. On July 16, Governor Otti posted pictures from the trip on his Twitter account. He stated in his caption, "Today, I hosted a well-known business tycoon and investor Obinna Iyiegbu, well known as Obi Cubana, and…

Jul

15

2023

By Amos Oge Kalu

WEMA Bank: Your Naira Card Is Now Your Global Passport!

Business, Economy, SponsoredBusiness, Economy, eNaira, Wema Bank

Hello Customer, It’s time to enjoy seamless transactions and make purchases internationally.You can now use your Naira cards, including Mastercard, ALAT Mastercard, and Visa, for international spending. For your international transactions, you can enjoy up to $500 per month. Here’s what you need to know: Expanded Possibilities: The Naira card allows you the freedom to make international purchases, explore international online stores, and buy from your favourite international brands. You know what? The world is now at your fingertips! Monthly Limit: To provide you with enhanced security and control, there is a $500 monthly spending limit for international transactions. This…