UBA’s LEO exceeds the 3 million user mark By Eyo Nsima The United Bank for Africa (UBA) Plc’s banking chatbot, LEO, has emerged as the smartest chatbot in Nigeria with over three million customers and counting, In a statement obtained by The Daily- https://thedaily-ng.com,, the bank stated: ‘‘the chatbot has continued to evolve with plenty to offer its teeming customer, winning several […]
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Heritage Bank MD, others urge govt to develop infrastructure By Eyo Nsima The Managing Director, Heritage Bank Plc, Ifie Sekibo, has tasked all levels of governments to provide enabling policy environment for infrastructural development in Nigeria. He made this known at the Finance Correspondents Association of Nigeria’s (FICAN) 30th-anniversary conference and award, which had, “Financing
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AfCFTA: Afreximbank launches pan-African payment platform By Eyo Nsima with Agency Report The African Continental Free Trade Area (AfCFTA), African Export-Import Bank (Afreximbank) has launched the pan-African payment and settlement system (PAPSS) to ease cross-border payments in local currencies across different markets in the continent. In a statement obtained by The Daily, https://thedaily-ng.com, Afreximbank stated that aid
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Danbatta, Ndiaye, hoist Senegal’s flag at WATRA Secretariat An event of historical significance took place in Maitama, Abuja on 16th September 2021, as the Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, joined His Excellency, Babacar Matar Ndiaye, the Ambassador of the Republic of Senegal
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JUST IN: CBN tackles illegal foreign exchange operators, retains MPR at 11.5 % By Eyo Nsima The Central Bank of Nigeria (CBN), Friday, disclosed the retention of the Monetary Policy Rate (MPR), at 11.5 percent and the asymmetric corridor of +100/-700 basis points around the MPR. Addressing the press at end of the Monetary Policy
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The Sustainable Energy Fund for Africa (SEFA) has announced a $1 million grant to support the government of Kenya to create a Super Energy Service Company (ESCO). The Super ESCO, to be run by the Kenya Power and Lighting Company, will develop and implement energy efficiency projects for both the public and private sectors. Super
Notices in Terms of Section 155 of the Companies Act 71 of 2008 Relating to Steinhoff International Holdings Proprietary Limited (“The Company”) Capitalised terms used herein and not otherwise defined shall have the meaning ascribed thereto in the compromise that has been proposed by the Company to Scheme Creditors (the “Proposal”) in accordance with section
By Eyo Nsima An Economist and Private Sector Advocate, Dr, Muda Yusuf, Sunday, said that the Nigeria Customs Service, NCS proposed excise duty on the production of soft drinks is ill-timed, insensitive and most inappropriate given the prevailing harsh economic and business conditions. In a statement obtained by The Daily, www.thedaily-ng.com, he stated: “At a
By Eyo Nsima The Lagos Chamber of Commerce and Industry, LCCI, Sunday, noted that the controversy over the payment of Value Added Tax, VAT, greatly disrupted businesses in Nigeria. In a statement obtained by The Daily, www.thedaily-ng.com, Director General, Dr. Chinyere Almona, stated: “A court judgment restrained the Federal Inland Revenue Service (FIRS) from collecting
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By Eyo Nsima The Central Bank of Nigeria, CBN, Friday, threatened to suspend the license of banks involved in illegal foreign exchange transactions. In a letter to the banks, Director, Trade and Exchange Department, CBN, Dr. O.S. Nnaji, stated: “In line with our continuing close surveillance of our financial markets in general and the foreign
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