Stanbic IBTC Holdings, a member of Standard Bank Group, has unveiled the fourth edition of its flagship Digital Skills Empowerment Programme (DiSEP 4.0). This initiative underscores the company’s longstanding commitment to empowering young Nigerians and actively promoting digital transformation within…
It said the programme equips Nigerian Small and Medium Enterprises with essential skills, insights, and resources for entering and thriving in the global market. The Academy, according to a statement from the bank, hosted over 40 participants in Lagos. It…
The Central Bank of Nigeria has denied claims that it is preventing Nigerians from transferring money into their accounts. The CBN also warned customers to exercise caution when sending fictitious SWIFT messages while remitting foreign exchange. The apex bank made…
The first tranche of Dangote Cement Plc bond offer of up to N100 billion under its N300 billion multi-instrument issuance programme is now open and scheduled to close on Friday, November 22, 2024. This is as its 9M’2024 revenue grew…
…Says it hinders self reliance of developing nations President Bola Tinubu has called for the reform of the current global taxation system. Speaking on Monday at the 19th G20 Leaders Summit opening session in Rio de Janeiro, Brazil, President Tinubu…
The Managing Director/CEO of the Center for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf has criticised Nigerian banks for prioritising profit generation through commissions and fees over their primary role of driving economic growth. Dr. Muda disclosed this…
FirstBank Group, one of Nigeria’s leading commercial banks, has reaffirmed its commitment to advancing fintech innovation by awarding N29.5 million to 10 exceptional startups at its First Bank Fintech Summit 6.0, themed Banking on Partnerships. NearSwipe Limited, a fintech startup…
The Central Bank of Nigeria (CBN) has announced stringent penalties for Deposit Money Banks (DMBs) found diverting cash to hawkers, as part of its ongoing efforts to ensure responsible currency distribution. In a circular dated November 13, 2024, the apex…
The Central Bank of Nigeria has issued a stern warning to Deposit Money Banks over cash hoarding and diversion, stating that such actions will attract stiff penalties. In a circular dated November 13, 2024, signed by the Acting Director of…
Debt servicing has emerged as a significant component of Nigeria’s foreign payment obligations in 2024, accounting for a staggering 63.56 percent of the total $5.63 billion in foreign payments in nine months. This is according to an analysis of the…
