Author: Citynews

Our attention has been drawn to a number of press publications currently circulating online purported to have been issued by Tingo International Holdings with the above headline. In the said publication, Tingo was reported to have claimed it would be using Stanbic IBTC Bank’s payment gateway to power its new product, Tingo Pay. While we have a Memorandum of Understanding with Tingo International Holdings on a possible partnership arrangement, we must state categorically that Stanbic IBTC Bank PLC (“the Bank”) has NOT concluded any agreement with Tingo International in respect of any payment system whatsoever, including “Tingo Pay”. Please note…

(March 31, 2021) Insurance brokers and other stakeholders in the industry have called for transparency and clear communication between insurance firms and customers for easy claim settlement.The experts who spoke at a webinar hosted by BizWatch Nigeria on Wednesday, March 30, 2021 also advocated for a roadmap that would serve as a guide for operators and ensure the growth of the industry.The Chief Executive Officer, Finterate Projects, Mr Ekerete Ola Gam-Ikon, in his keynote address, said insurance companies needed to develop products that were relevant to their market in order to thrive.Addressing the theme ‘Building Financial Resilience With Insurance Solutions…

The outbreak of coronavirus pandemic (COVID-19) has had devastating impact that the world is still dealing with. Apart from the negative health implications, the COVID-19 pandemic has also crippled economies and businesses across the globe. Suffice to say that, the resultant effect of the pandemic has led to job losses, pay cuts, travel restrictions and consequently fall in foreign trade and general business activities. The businesses most hit is the Micro Small, and Medium Enterprises (MSMEs).A recent survey by the International Trade Centre (ITC) revealed that the pandemic has strongly affected nearly two-thirds of micro and small businesses – compared…

The Heads of Advertising Sectoral Groups (HASG) have rejected the Federal Government’s fine for advertisements placed on foreign owned media channels and production of content abroad by advertisers. This was stated via a press release signed by the HASG on Wednesday, 31 March. The statement on the fine was attributed to the Minister of Information and Culture, Alhaji Lai Mohammed, which was reported widely on many leading newspaper channels on Monday 29th March 2021. In the honorable Minister’s comment during discussions on the NTA Good Morning Nigeria show, he stated that Nigerian brands that run adverts during foreign matches must…

Former Speaker of the House of Representatives, Dimeji Bankole on Wednesday officially registered as a member of the All Progressives Congress (APC) in Ogun State. Bankole who recently defected to the APC, validated his membership at his ward 10, Iporo – Sodeke unit in Abeokuta South Local Government Area of the state. The former Speaker who was governorship candidate of the Action Democratic Party (ADP) in 2019 election joined the ruling party at a meeting with National Caretaker Chairman of APC, Mai Mala Buni in Abuja. Buni last week Monday presented Bankole alongside another decampee and former Governor of Ogun…

This month of March has been loaded with back-to-back mouthwatering offers for GOtv customers. From ‘GOtv Dey Your Side’ which see customers get GOtv Max at discounted price to ‘GOtv Awoof’ which give customers the chance to win N100,000 worth of school fees and much more. Trust us when we say, ‘E choke’ for GOtv side! These offers are still up for grabs until the 31st of March 2021: 1. YOU CAN GET A DECODER, GOTENNA AND GOTV JOLLI WITH THE ‘JOLLI FOR LESS’ OFFER! The ‘Jolli For Less’ offer sees new customers get a GOtv decoder, GOtennae and a one-month Jolli subscription for…

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has launched its 3S (SMS/Self Service) Banking Solution with funds transfer and bill payment capabilities. This is unique a SMS banking solution with a bundle of functionalities. This service will enable customers initiate transactional and non-transactional banking activities by sending a short message from their registered phone number to a custom number – 30909. Customers with feature phones and those with limited access to the internet can seamlessly initiate secure transaction requests or other general service requests to the bank. According to Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC,…

All is now set for this year’s Nigeria Media Nite Award. Known for his glamorous gathering, having fail to hold last year due to the global Covid-19 pandemic, this year’s edition which is in its 15th edition will be acknowledging journalists, businessmen and politicians for their dexterity and dedication, as well as their outstanding contributions to their various fields. According to the Director of Media and Publicity of the prestigious award, Mr. Murphy Ajibade Alabi, who spoke on behalf of the convener, Sola Olugbemiro, said this year’s edition will be different from what it used to be; “We have been…

Big Brother Naija Season 6 is back! Trust Biggy to make every season bigger and better than the last. This season’s winner will be taking home ₦90 MILLION WORTH OF PRIZES. Yup, you heard that right. It doesn’t end there; organizers of the show have decided to spice things up by giving customers early access to audition for the reality TV show. Imagine being a part of the first set of people to get auditioned for BBNaija 6 which will premiere later this year. If you intend to be among the lucky people to make it into Biggy’s house, here…

Abbey Mortgage Bank is repositioned for growth with the recently concluded right issue exercise which will increase the capital of the bank by circa N3billion. The success of the right issue is an indication of the confidence that the shareholders have in the management and the strategic intention of the bank. In the last few months, the bank grew it’s deposit liability to N14billion from N6billion in 2020 through aggressive sales drive and increased brand visibility. In order to attain the next phase of growth, the management has identified key areas to drive revenue which includes mortgage/construction finance, treasury related…