Business News

UBA’s Loans to Agriculture, Power Sectors Hit N265 Billion

9/4/2018/Thisday By Chika Amanze-Nwachuku Whereas most commercial banks shy away from lending to the agriculture sector, Pan-African banking group, United Bank for Africa (UBA) Plc has granted as much as N85billion loans to the sector. Also, lending to the power sector is in excess of N180billion across the UBA Group, recent figures […]

SEC Reviews Code of Corporate Governance for All Public Companies

Culled—Proshare 7/4/2018/NASD Plc The Apex regulator of the capital market in Nigeria, the Securities and Exchange Commission [“SEC”] reconfirmed that the code of corporate governance applies to ALLPublic Companies in Nigeria.  During this week, SEC held a special orientation session for unlisted public securities that trade on NASD OTC Securities Exchange. […]

Mastercard Retires Customer Signatures

Merchants newly empowered to simplify and speed store checkout 5/4/2018/Mastercard Mastercard announced today that merchants in the U.S. and Canada can forego cardholder signatures for in-store credit and debit purchases, effective on April 13. The goal is to speed customers through checkout lines and give merchants greater control over customer […]