Man, 47, jailed 36 months for dealing in hemp

Man, 47, jailed 36 months for dealing in hemp

Lagos—A 47-year-old man, Nnamdi Adinaze, has been sentenced to three years imprisonment by a Lagos Federal High Court, after finding him guilty of illegally dealing in Cannabis sativa, popularly called marijuana.
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Affordable homes: A Nigerian dream

Affordable homes: A Nigerian dream

By Timi Gabriel It was an interesting experience to physically walk through reasonable living spaces built in Nigeria for less than N3m. What is more interesting is that it has happened in the depressed Nigerian economy, it was built with direct local labour in Nasarawa state and 90% of the input was locally produced in […]

Fidelity Bank gives out N1.7bn to customers in loyalty reward scheme

Fidelity Bank gives out N1.7bn to customers in loyalty reward scheme

The Managing Director/CEO, Fidelity Bank Plc, Mr. Nnamdi Okonwo, has said that the bank has so far given out N1.7 billion in the last 15 months to its customers when it commenced a loyalty scheme programme on two of its savings products – FPSS and Sweeta accounts.

Ecobank subsidiary launches mutual funds

Ecobank subsidiary launches mutual funds

EDC Fund Management, the asset management arm of Ecobank in Nigeria has announced the launch of two mutual funds – The EDC Nigeria Money Market Fund, and the EDC Nigeria Fixed Income Fund.

CBN deregulates merchant service charge on e-payment transactions

CBN deregulates merchant service charge on e-payment transactions

The Central Bank of Nigeria (CBN) has deregulated the Merchant Service Charge (MSC) on electronic transactions. MSC is the fee merchants such as supermarkets pay for payment customers make to them through electronic payment channels such as Point of Sales (PoS).