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Business News

GTB donates medical facility for COVID-19

Guaranty Trust Bank (GTBank) Plc has said that it is building a 100-bed intensive care centre for COVID-19 patients.

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Finding Balance: GTB’s impeccable gains versus its notable losses, GTB donates medical facility for COVID-19, GTBank, others have begun fulfilling pledges towards fight against Covid-19 (coronavirus), COVID-19: GTBank suspends loan repayment for small businesses, GTBank Releases Q1 2020 Unaudited Results…….. Reports Profit Before Tax of ₦58.2Billion

As part of its Corporate Social Responsibility (CSR) and its contribution towards addressing the health hazards caused by the outbreak of the coronavirus disease in Nigeria, Guaranty Trust Bank (GTBank) Plc has said that it is building a 100-bed intensive care centre.

This was disclosed in a statement, which was issued by the Group Managing Director and Chief Executive of the bank, Mr Segun Agbaje.

China Development Bank, Sanwo-Olu sign $629m facility to complete Lekki Deep Seaport , Lagos State Government seeks partnership with insurance operators, Bond Issue: Lagos State Government to raise N100 billion for infrastructural development, Lagos State threatens to shut down Adron, Almond, 103 other estates for lacking approval

The medical facility is going to be fully-equipped with modern facilities for the treatment of Nigerians who may be infected with the dreaded COVID-19 pandemic which is currently ravaging the entire globe.

The medical facility, which will be sited at Onikan, Lagos, is being set up in collaboration with the Lagos State Government and is expected to be completed as early as this weekend.

[READ MORE: GTB to go ahead with AGM, attendance by proxy)

The GTB Chief Executive Officer said, “As an organization, beyond the safety measures we have put in place across our offices and branches, we are also lending ourselves to doing more to beat this outbreak.’’

The statement also stated, “We are setting up a fully equipped 100- bed Intensive Care Centre at Onikan for the Nigerian people.”

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According to him, “The centre will be fully equipped with all the necessary equipment including respirators and personnel to treat and care for those that may become affected. We are fully committed to having the Centre fully set up by the end of this week.”

Health: Nigeria records first case of coronavirus

Why this matters: This news comes as a welcome development because there has been serious concern about the state of our health facilities nationwide and the country’s preparedness for the containment of this dreaded coronavirus disease. There is a huge gap in the number of facilities required for the testing and treatment of the disease.

[READ ALSO: COVID-19: Ikeja Electric advises customers to preload cards ahead likely total shutdown)

In fact, it was widely reported that as at last week, it was only Lagos State that had the medical facility for the COVID-19 disease, which is the one in Yaba.

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However, Lagos State, which has the highest number of cases of the coronavirus in the country, has taken further steps to curtail the spread of the disease.

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Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

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Corporate Press Releases

Peter Obaseki retires as Chief Operating Officer of FCMB Group Plc

Mr Peter Obaseki, the Chief Operating Officer of FCMB Group has retired from the financial institution.

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The Board of Directors of FCMB Group Plc has announced the retirement of Mr. Peter Obaseki, the Chief Operating Officer of the financial institution, with effect from March 1, 2021. He was also an Executive Director of the Group.

His retirement was approved at a meeting of the Board of the Group on February 26, 2021. This has also been announced in a statement to the Nigerian Stock Exchange (NSE) by the financial institution.

The Chairman of FCMB Group Plc’s Board of Directors, Mr Oladipupo Jadesimi, thanked Mr. Obaseki for his valuable service and excellent support to the Board for many years.

FCMB Group Plc is a holding company divided along three business Groups; Commercial and Retail Banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited); Investment Banking (FCMB Capital Markets Limited and CSL Stockbrokers Limited); as well as Asset & Wealth Management (FCMB Pensions Limited, FCMB Asset Management Limited and FCMB Trustees Limited).

The Group and its subsidiaries are leaders in their respective segments with strong fundamentals.

For more information about FCMB Group Plc, please visit www.fcmbgroup.com.

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Tech News

Deezer accepts payment in Naira amid stiff competitions with Spotify, Youtube music, Apple music.

Deezer has gained quite a reputation in Nigeria, as it slashes its subscription fee and now accepts payment in Naira.

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Deezer slashes subscription fee and now accepts payment in Naira amid stiff competitions with Spotify, Youtube music, Apple music.

Deezer, the French music streaming platform that has gained quite a reputation in Nigeria has slashed its subscription fee and now accepts payment in Naira.

This is coming a few weeks after Spotify launched in Nigeria and 38 other new markets in Africa.

The competition in the Nigerian music streaming space is getting hotter by the day. More music streaming platforms are entering the Nigerian market with better payment methods and cheaper pricing, thereby forcing existing players to slash their prices so as to hold on to their customer base

Launched in 2007, Deezer currently connects over 16 million monthly active users around the world to 73 million tracks.

Before now, Deezer’s subscription was rated at $4.99 (₦1,800) for premium customers and the family plan for ₦2,700.

This number has been slashed in half. The music platform now charges ₦900 ($2.36) for Deezer Premium, ₦1,400 for Deezer HiFi and ₦1,400 ($3.67) for Deezer Family Plan.

Other streaming players in Nigeria like Apple Music, Spotify, Youtube music, Boom Play, Audiomack and Soundcloud have also slashed their prices.

For YouTube Music, the monthly individual subscription costs ₦900 while a family plan costs ₦1400 ($3.67).

Spotify Premium cost ₦900 per month in Nigeria. The Premium Family plan goes for ₦1,400 for up to 6 family members.

Apple music charges ₦450 per month for students, ₦900 per month for Individual plan while the Family plan goes for ₦1,400 for up to 6 family members.

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