Piqued by the growing incidents of electronic fraud, e-Fraud, in the financial sector of the economy, Ahmed Kuru, managing director/chief executive officer, MD/CEO, Enterprise Bank Limited, has called on banks to establish anti-fraud departments as a way of curbing the menace. While delivering a keynote address titled: When All Goes Wrong: Mediation and Arbitration Best…
LAGBUS Recruits/Trains Female Drivers
LAGBUS Asset Management, a mass transit bus service company providing intra-city bus transport in Lagos State, has begun mass recruitment and training of female drivers across the state. Babatunde Shoderu, head, bus captain training, LAGBUS, said no prior driving experience is required to be qualified, adding that the female drivers would be given all the…
FAAN Boss Pays Surprise Visit To NCAT
Saleh Dunoma, managing director, Federal Airports Authority of Nigeria, FAAN, recently undertook an unscheduled inspection tour of the rescue and fire department of the authority at Nigerian College of Aviation Technology, NCAT, Zaria. Dunoma who was received on arrival by Caulcrick Samuel, rector of the college, inspected old and new fire tenders as well as…
Needless Controversy Over Cement Standard
Innocent Onyeyili, professor and chairman of the technical committee that recommended the changes that resulted in the new cement standard, has risen to the defence of the committee in the face of criticism by stakeholders. In a statement issued in Awka, Anambra State, recently declared that the committee lifted Nigeria by making 42.5 grade cement…
Travelstart presents GTpay
Travelstart has introduced the GTpay payment option on the website to provide their clients with an easy and secure way to pay for their flights online. Travelstart, Africa’s leading online travel agency, announced its partnership with Guarantee Trust Bank for GTPay integration on August 25. Lilian Obinna-Igwe, the Country Manager explains that, “The completion of…
VGG Trains 10 Entrepreneurs
With the introduction of the Garden Institute of Business & Entrepreneurship, GIBE, by Venture Garden Group, VGG, last week, entrepreneurs in need of core technology infrastructure across sectors can now heave a sigh of relief. Already, the group has trained 10 IT entrepreneurs for about nine months before investing about $1 million in them. Bunmi…
Scarcity of Aviation Fuel Halts Air Travels
Due to the shortage of aviation fuel that hit the country this week, local and international flight operators in the country are having a hard time meeting up with their schedules. Jet-A1, commonly known as aviation fuel, has been reportedly scarce in some cities since Monday with Abuja one of the cities seriously affected. The…
FAAN Shuts Down Abuja Airport’s Runway for Rehabilitation
Due to maintenance works going on at the Nnamdi Azikiwe International Airport, Abuja, the management of the Federal Airports Authority of Nigeria, FAAN, has disclosed that the runway of the airport will be closed to traffic from Saturday, July 5 to Monday, July 7, 2014. Yakubu Dati, coordinating general manager of Aviation Parastatals, said in…
LaFarge Africa to be listed on NSE
LaFarge Africa has announced plans to be listed on the floor of the Nigerian Stock Exchange, NSE. The new company and the listing will create the platform for strong growth as the transaction allows the company to consolidate its Nigerian operation with that of South Africa, says Joe Hudson, MD, Lafarge Wapco.
CBN Issues New Operational Guidelines for Banks
As part of its efforts to sanitise the banking sector, the Central Bank of Nigeria, CBN, has issued a new set of corporate governance guidelines for every bank in the country. As contained in the new guideline, investors are now prohibited from owning more than five per cent stakes in any bank without prior…
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