• Sunday, December 03, 2023
businessday logo


Five things to know to start your Friday


Ecobank, Dashen bank set up remittance app

Ecobank has partnered with Ethiopia’s Dashen Bank to enable Ethiopians living in Europe to send money instantly using Ecobank’s Rapidtransfer International app (RTI).

This is contained in a statement issued by BrandComms agency on Thursday.

The statement said Ethiopians in Europe could use the Ecobank RTI to send money instantly to any Dashen Bank account, other local bank accounts, mobile money wallet and cash pick.

It said the cross-border remittance solution app which was available in Ecobank’s 33 countries of operation enabled African diaspora residing in Europe to remit funds to Ecobank countries in Africa, including Ethiopia seamlessly.

The statement said the RTI app is secure, easy to onboard and navigate with user-friendly features such as multi-lingual options. (NAN)

Read also: Five takeaways from Ecobank’s 2022 financials

Economist unveils data book to enhance Nigeria’s socioeconomic devt.

Chief Economist, Analysts’ Data Services and Resources (ADSR), Afolabi Olowookere, has unveiled a baseline data book (Nigeria in Figures) to aid Nigeria’s planning process and drive socioeconomic growth and development.

Olowookere, during the book launch on Thursday in Lagos, said “Nigeria in Figures” was presented as a reference data book to guide the measurement and assessment of Nigeria’s socioeconomic performance over time.

According to the economist, the book provides evidence-based inputs into the discussions, analysis and planning by policymakers, researchers, businesses and other key stakeholders in the country.

He stated that the data book specifically showed the country’s relative performance against selected comparator countries providing detailed sources and description of relevant data.

Eko Disco reads riot act to electricity vandals

Eko Electricity Distribution Company Plc (EKEDC) has warned its customers to desist from vandalising and tampering with its equipment or face five to seven years imprisonment.

Tinuade Sanda, the Chief Executive Officer (EKEDC), made the appeal during a customer engagement forum organised by the company on Thursday in Lagos.

Customers at the forum were drawn from Orile District areas including Surulere, Aguda, Coker, Orile, Ikate, Animashaun, Eric more and Doyin zones.

Sanda, who was represented by Rekhiat Momoh, the company’s Chief Commercial Officer, said that the town hall became necessary to intimate customers within the Orile network on the high rate of energy theft and equipment vandalism perpetuated by some customers in the communities.

She said that the meeting showed the company’s empathy to consumers as one of its core value and to listen to their complaints and profer solutions.

Marketers step up plans to supply CNG to petrol stations

The move to promote alternative energy sources to car owners has started with oil marketers currently converting some of their trucks to start supplying gas to petrol stations to start dispensing compressed natural gas to vehicles that run on gas.

About 800 tankers that only supply petrol to filling stations are being converted by marketers to start moving gas to retail outlets within the country.

It was learned that marketers have stepped up their action after the Federal Government announced last week that petrol subsidy is gone.

Trump faces US criminal charges for mishandling documents, obstruction – lawyer

Donald Trump has been indicted by a federal grand jury for retaining classified government documents and obstruction of justice, according to a lawyer for the former U.S. president and another source familiar with the matter.

According to Reuters, the criminal case, brought by the U.S. Department of Justice, amounts to another legal setback for Trump as he seeks to regain the U.S. presidency next year. He already faces a criminal case in New York that is due to go to trial in March.

Trump said on social media that he had been summoned to appear at the federal courthouse in Miami on Tuesday. “I AM AN INNOCENT MAN!” he wrote on his Truth Social platform.