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United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Monday, held its annual Garden Light-Up ceremony to kick-start the festive season. The dazzling ceremony, held at the United Bank for Africa (UBA) head office in Lagos, brought together staff, customers, and well-wishers in a heart-warming display of joy, gratitude, and ...
…As total assets hit N21.9trn Nigeria’s pension assets grew by N541 billion month-on-month reaching N21.92 trillion at the end of October 2024. This growth highlights the continued resilience and stability of the nation’s pension sector, underscoring its importance as a key driver in long-term financial security for millions of Nigerians. The National Pension Commission (PenCom) ...
The Chairman, Presidential Committee on Fiscal Policy and Tax reforms, Mr Taiwo Oyedele has called on Nigerians to support the tax reforms bills to build a better Nigeria. Oyedele in a post on his X handle described the bills as the "People's tax bills". The tax reform bills before the National Assembly include the Nigeria ...
The National Pension Commission has lifted its ban on Licensed Pension Fund Administrators investing in commercial papers managed by non-bank capital market operators serving as Issuing and Paying Agents. This follows steps taken by the Securities and Exchange Commission to resolve regulatory concerns regarding these operators’ roles in such transactions, paving the way for increased ...
By Sodiq Adelakun The state government unveiled the Diaspora Real Estate Desk on Monday, an effort to provide seamless, transparent, and reliable real estate services to the Nigerian diaspora community. Governor Babajide Sanwo-Olu, who spoke during the announcement, emphasised the importance of supporting Nigerians abroad by ensuring they have access to trustworthy real estate transactions ...
The Enugu State Government and Wande Nexus, an Austrian firm, has formalised an agreement to implement the Sustainable Last Mile Connectivity and Advanced Metering Infrastructure (AMI) Project in Enugu. With the signing, which took place on Monday at Government House, Enugu, in the presence of the Austrian Ambassador to Nigeria, Thomas Schlesinger, WANDE Nexus is ...
By Seun Ibiyemi The Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has called for the integration of Artificial Intelligence (AI) technologies to strengthen fraud detection systems in Nigerian financial institutions. Speaking at the Risk Management Roundtable organized by the Financial Institutions Training Centre (FITC), Mr. Hassan ...
The Federal Competition and Consumer Protection Commission (FCCPC) said it has launched a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications, and aviation sectors comprising GTBank, MTN, and Air Peace. The Commission disclosed this in a statement signed by its Director of Corporate Affairs, Ondaje Ijagwu, issued on Sunday. According ...
Nigeria and France have agreed to develop joint projects to promote and diversify the critical minerals value chain in the solid minerals sector of both countries. Critical minerals such as copper, lithium, nickel, cobalt, and rare earth elements are essential to clean energy technologies. In the Memorandum of Understanding (MOU) signed by both countries on the sidelines ...
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has highlighted the critical role of Micro, Small, and Medium Enterprises (MSMEs) in the realization of the economic plan of the President Bola Ahmed Tinubu led administration. Describing MSMEs as the backbone of the Nigerian economy, Edun reiterated the commitment of the government ...
Governor of Lagos State, Mr. Babajide Sanwo-olu and Minister of Finance, Mr Wale Edun were amongst dignitaries that graced the commissioning of Zenith Bank branch in Paris recently. The Bank is further expanding its global footprints with the opening of Zenith Bank (UK), Paris Branch. The official commissioning, which took place on Wednesday, November 27, ...
As part of President Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, in the presence of President Tinubu and the President of France, Emmanuel Macron, signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand. The agreement is a significant indication of support by the French Government for ...
The Corporate Affairs Commission (CAC) and the Central Bank of Nigeria (CBN) have agreed to strengthen their collaboration in the exercise of compliance and regulatory functions among MDAs. This indication was given today during a courtesy call on the Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji, SAN, in Abuja by a team from ...
The House of Representatives, on Wednesday, resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and Chief Executive Officers of commercial banks operating in the country to appear before it to propose solutions to the challenges posed by the lack of documentation of Point of Sale users across the country. The ...
By Seun Ibiyemi The Honourable Minister of Marine and Blue Economy, His Excellency, Adegboyega Oyetola, CON says that a National Policy on Marine and Blue Economy is essential for the development of the Nigerian maritime sector. He stated this while declaring open a stakeholders’ validation session aimed at developing the National Policy on Marine and ...
The Federal Government, through the Ministry of Industry, Trade, and Investment, has pledged to address the issue of overlapping duties among government agencies, which has been increasing costs for Nigerian exporters. Dr. Jumoke Oduwole, the Minister for Industry, Trade, and Investment, made this promise during a ministerial consultation in Lagos on Tuesday with the top ...
NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction. The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust ...
…As FIRS, Customs, NNPC Ltd exceed revenue targets Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has clarified the reason for borrowings by the Federal Government despite increase in the nation’s revenue. This is as the Nigeria Customs Service (NCS) Nigerian National Petroleum Company (NNPC) Ltd and the Federal Inland Revenue ...
…Stanbic IBTC Capital, Chapel Hill Denham sweep annual dinner awards The investment banking sector of the economy handled major transactions that defined the outgoing year and requires recognition, the President, Association of Issuing Houses of Nigeria, ‘Kemi Awodein, has said. She spoke on Thursday, during the Investment Banking Awards Dinner held in Lagos. According to ...
In keeping with its annual tradition, Zenith Bank once again set the stage for the Yuletide season with the Light-Up of Ajose Adeogun Street and Roundabout, Victoria Island, Lagos on Saturday, 23 November 2024. The Light-Up ceremony was performed by the Group Managing Director/Chief Executive of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji. The Light-Up ...
…Assures depositors of payment amid ongoing asset recovery efforts By Sodiq Adelakun The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access to guaranteed sums above the N5 million limit are being swiftly addressed. NDIC Managing Director, Mr. Bello Hassan, provided this update on Saturday during the ...
The Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun, announced that the full implementation of market-based pricing for Premium Motor Spirit and exchange rates had saved the federal government approximately $20 billion, or 5% of the country’s GDP, as of October 2, 2024. He made this statement on during the validation of ...
The IMF has highlighted that approximately 90% of African Union economies need to enhance tax revenue collection and implement structural reforms to sustain growth. The IMF disclosed this in its “G20 Report on Strong, Sustainable, Balanced, and Inclusive Growth,” released in November 2024. The IMF report projects that economic activity in the African Union will ...
