Heritage Bank Resumes Operations Today

Heritage Bank Ltd

By Obinna Chima

The recently licensed Heritage Bank Limited will open its doors for business from today.

The commercial bank formed from the defunct Societe Generale Bank of Nigeria (SGBN) was granted a regional banking license by the Central Bank of Nigeria (CBN). The core investors in former SGBN adopted Heritage Bank as its trading name.

B311212-UBA-Headquarters.jpg - B311212-UBA-Headquarters.jpg UBA House The United Bank for Africa (UBA) Plc said it has introduced a reloadable prepaid card offering customers financial control, convenience and security. The UBA prepaid card, according to the bank, is available in Nigeria and 18 African countries where it is located. The bank also added that the card is accepted at all VISA acceptance points, on over one million Automated Teller Machines (ATMs), 30 million Point of Sale (PoS)/merchant terminals in over 179 countries across the world. UBA further described the card as “one of the most prestigious prepaid cards in the world. It gives user full control over personal finances as it is not linked to any bank account and therefore attracts no minimum balance.” Commenting on the new product, Head, e-Banking, UBA, Dr. Adeyinka Adedeji said the UBA prepaid card helps customers control spending and be in control of their funds making it ideal for budgeting and travel. “It is also ideal for students and even employees or casual workers who may not have a Bank Account,” he said. Other key benefits of the card, according to him, include “efficiently allowing customers that cannot get approval for a current account to have access to financial services and deepen financial inclusion; while banked customers can still use the prepaid card to effectively manage their spend to what they have loaded on the Card. “In addition, they can limit their account exposure by using prepaid card online or at locations where they do not trust safety of their information. Travelers can load Naira and be able to spend as much as $40,000 equivalent per annum on the secure card which is protected with the CHIP and PIN technology,” Adedeji said.

UBA House

The United Bank for Africa (UBA) Plc said it has introduced a reloadable prepaid card offering customers financial control, convenience and security.

Analysts Rate Nigeria, Dubai Stock Markets above US

NSE office


By Obinna Chima with agency report

Investors that bought stocks in the United States of America this year, could have done better investing in the Nigerian stock market, analysts have said.

S’Africa Dragging Death: Eight Police to Go on Trial

South African President, Jacob Zuma

Eight South African police officers are due to appear in court over last week's death of a Mozambican man who was apparently dragged behind a police van.

Police Games: FG Committed to Sports Devt, Says Jonathan

President Goodluck Jonathan

By Ernest Chinwo

President Goodluck Jonathan has said the Federal Government is committed to the development of sports and would motivate sportsmen and women in the country.

Cardinals to Begin Talks on New Pope

Cardinals will discuss Church matters before holding a conclave to elect a Pope

Roman Catholic cardinals from around the world are due to meet in Rome to begin the process of electing the next Pope.

ACN Deplores FG’s Scare Mongering to Stop Governors’ Meeting in Borno

Senator Bola Tinubu

By Onyebuchi Ezigbo

The Action Congress of Nigeria (ACN) has accused the Federal Government of being behind the failed plot to stop last Thursday’s meeting of opposition governors in the terror-stricken Borno State.

Affirmation Plot for Jonathan Divides PDP

Chief Tony Anenih

By Chuks Okocha

A fresh crisis is brewing in the ruling Peoples Democratic Party (PDP) as its leaders are set for a collision with some northern governors over a plot by some stakeholders to ensure that President Goodluck Jonathan

Abia State University revokes former governor Orji Kalu’s 1st degree certificate

Abia State University released a statement yesterday Saturday March 2nd saying that they have withdrawn the degree certificate they awarded the former governor of the state, Uzor Orji Kalu. 

The school said they took the decision after they found out that the former governor's admission was flawed. Orji Kalu enrolled at the university when he was governor of the state but only spent two semesters there.

The school is now saying his admission and graduation violated the school's rules and regulations. They didn't know before giving him the certificate? Lol and SMH!

Kenyans go to the polls in crucial election

Security has been stepped up across the country

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Polls are due to open in Kenya in what observers are describing as the most important election in the country's history.

Essex woman arrested over unpaid restaurant bill

The diners drank two £150 bottles of champagne and two £45 bottles of rioja

A woman has been arrested after four champagne diners failed to pay for their £520 meal at a restaurant in Essex.

Florida sinkhole: Jeffrey Bush home partially demolished

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Teams searching for Jeffrey Bush have found no signs of life

Cardinal Keith O'Brien sorry for sexual misconduct

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Former religious affairs correspondent for the Guardian, Stephen Bates: ''It is an exposure of church hierarchy hypocrisy''

US HIV baby 'cured' by early drug treatment

The human immunodeficiency virus (HIV) attacks the immune system

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A baby girl in the US born with HIV appears to have been cured after very early treatment with standard drug therapy, researchers say.

The Mississippi child is now two-and-a-half years old and has been off medication for about a year with no signs of infection.
More testing needs to be done to see if the treatment would have the same effect on other children.
But the results could possibly lead to a cure for children with HIV.
If the child stays healthy it would be only the world's second reported cure.
Dr Deborah Persaud, a virologist at Johns Hopkins University in Baltimore, presented the findings at the Conference on Retroviruses and Opportunistic Infections in Atlanta.
"This is a proof of concept that HIV can be potentially curable in infants," she said.
In 2007, Timothy Ray Brown became the first person in the world believed to have recovered from HIV.
His infection was eradicated through an elaborate treatment for leukaemia that involved the destruction of his immune system and a stem cell transplant from a donor with a rare genetic mutation that resists HIV infection.
In contrast, the case of the Mississippi baby involved a cocktail of widely available drugs already used to treat HIV infection in infants.
Correspondents say it suggests the treatment wiped out HIV before it could form hideouts in the body that usually re-infect anyone who stops medication.

Pakistan Karachi bomb blast kills dozens

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The BBC's Mike Wooldridge said the attack would be "deeply worrying for the government"

Can comedians ever be taken seriously?

In the past week, two comedians have stood for election - Beppe Grillo in Italy and John O'Farrell in the UK's Eastleigh by-election. What are the pitfalls of putting your money where your mouth is?

Ikarama community reports fresh oil spill from Taylor Creek

Yenagoa - The Ikarama Community in Yenagoa Local Government Area of Bayelsa on Sunday reported fresh oil spills from Taylor creek oil well operated by Nigeria Agip Oil Company (NAOC).

The News Agency of Nigeria (NAN) reports that an earlier oil spill incident from NAOC’s pipeline network in neighbouring Kalaba Community in Yenagoa had continued since Feb. 20.

Governor's wife donates artificial limbs to 39 amputees

Ilorin - The wife of Kwara Governor, Mrs Omolewa Ahmed, has donated artificial limbs to 39 amputees in the state.

This is contained in a statement issued by her Chief Press Secretary, Mrs Funke Oludipe, in Ilorin on Sunday

Police arrest 4 men who allegedly hijacked kerosene tanker at filling station

Lagos - The police in Lagos have arrested four persons, who allegedly conspired with some men in army uniform to hijack a tanker laden with kerosene at a filling station.

The state Police Public Relations Office (PPRO), DSP Ngozi Braide, said this in a statement on Saturday in Lagos.

Peace now prevails in Gwako village, says FCTA

Gwagwalada - Peace has now been restored between the Gwaris and the Fulanis in Gwako 1 village, Gwagwalada Area Council of the Federal Capital Territory (FCT).

The Secretary, Area Council Service Secretariat of the FCTA, Alhaji Alhassan Gwagwa, made this known after a visit to the area in Gwako village on Friday.