Business

The Federal Government has commenced an independent audit to ascertain the rate of compliance by Deposit Money Banks in the remittance of government funds into the Treasury Single Account.
The TSA is a platform which was used by the government to unify

The National Corruption Survey published by the National Bureau of Statistics has shown that Nigerians have spent about N400 billion on payment for bribe between June 2015 and June 2016.
According to the report, almost one bribe is paid by every adult Nigerian per year by combining the total number of people

The Acting President, Yemi Osinbajo, and state governors are currently attending a security retreat organised by the National Economic Council.
The retreat also being attended by the nation’s security chiefs is holding inside the old Banquet Hall of the Presidential Villa, Abuja.
Some members of the Federal Executive Council are

LAGOS, Nigeria, August 14, 2017—Western Union, a leader in global payments services, has announced
the launch of the “Western Union® Mega Promo,” in Nigeria for 2017. Designed specifically for Nigerian
consumers who conduct outbound money transfer transactions, Western Union will give away new cars to
two lucky winners, in addition to 50 consolation prizes, in the first phase of the promotion which will run
from July 24 to August 31, 2017.
The Western Union® Mega Promo,” is an initiative to reward Nigerian customers. To qualify for this
promotion individuals must send money overseas via Western Union from July 24, 2017, to August 31,
2017.
“Western Union began its journey in Nigeria over 20 years ago and we appreciate the loyalty and trust of
our Nigerian customers. Over the past two decades, we have helped connect Nigerians to their loved ones
by moving money for education, healthcare, and regular support, amongst many other reasons. We know
this ability to transfer funds securely and conveniently helps individuals and families fulfil their ambitions,
dreams and heart’s desires,” said Aida Diarra, Western Union Vice President for Africa.
“Rewarding our consumers is important to Western Union, and a part of what we do. We recently
concluded our Western Union Easter Promotion which was highly successful. This time around, we have
stepped it up several notches by giving away new cars and other high-value prizes,” she added.
Customers who use their My WU SM loyalty card when placing their outbound transactions will also have
triple the opportunity of winning prizes during the Western Union Mega Promo.
Western Union bridges geographical gaps through its offering of diverse options to send and receive money
with reliability, convenience and speed. From a single agent location with the First Bank of Nigeria in the
heart of Lagos in 1996, Western Union has expanded its walk-in retail agent location count to more than
5,100, as of June 30, 2017, with a presence in every one of Nigeria’s 36 states.
The company’s channel diversification focus also allows Nigerians to receive money into 2.2 million
mobile wallets and into more than 50 million bank accounts. More than 20 Nigerian majority-owned
businesses form the foundation of an agent network that connects Nigerians to their loved ones around the
world.

About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago
Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with
fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders.
As of June 30, 2017, the Western Union branded services were offered through a combined network of over 500,000 agent
locations in 200 countries and territories and over 150,000 ATMs and kiosks, and included the capability to send money to
billions of accounts. In 2016, The Western Union Company completed 268 million consumer-to- consumer transactions
worldwide, moving $80 billion of principal between consumers, and 523 million business payments. For more information, visit

There is good news for small businesses and farmers.
They can draw from the N26 billion Agriculture and SMEs Fund.
Union Bank Managing Director Mr Emeka Emuwa broke the news in Abuja at the end of the Bankers Committee meeting.
He said the board of the Agriculture and SMEs Fund

The Presidential Enabling Business Environment Council (PEBEC) on Monday announced L5 Lab, a leading indigenous venture development company, as the preferred vendor for the production and provision of technical support services for its proposed PEBEC technology solution which would empower citizens to monitor, evaluate and provide feedback on services received