Africa’s global bank, the United Bank for Africa’s Foundation has been recognised as a leader in Corporate Social Responsibility at the just concluded 10th anniversary of the Marketing Edge brands and advertising excellence awards which was held in Lagos recently.…
Nigeria’s foreign reserves have fallen by $2.202 billion to $38.318 billion as of September 29, 2022, from $40.520 billion as of December 31, 2021. This is a 5.42% decrease in foreign reserves. Despite rising oil prices this year, Nigeria’s foreign…
Leading financial institution, Fidelity Bank Plc, has secured the approval of its shareholders to issue, by way of private placement, the unissued ordinary shares of the Bank. This was approved at the Bank’s Extra-Ordinary General Meeting (EGM) which held at Four Points by Sheraton Hotel, Victoria…
…As Ecobank leads with N8.318trn By Philemon Adedeji A total of five banks deposit rose significantly to N34.3 trillion in half year 2022 results, representing 5.6 per cent increase from N32.4 trillion reported as of end of December 2021 –…
Magnificent Multiservices Limited has registered N20 billion series 1 Commercial Paper (CP) Programme on the FMDQ Securities Exchange platform. According to a statement from the company, with N5 billion accessed already, the proceed will be used for the company’s proposed…
The National Bureau of Statistics (NBS) says the All-commodity group import index on average increased by 0.07 per cent, with the highest increase recorded by “Vehicles, aircraft and parts. This is according to the NBS Commodity Price Indices for Q2…
First Bank of Nigeria says it is joining the rest of the world to celebrate 2022 Customer Service Week, pledging continued support for individuals, businesses to impact the economy. Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, FirstBank, said…
By Matthew Denis Abuja The President of Nigerian Association of Small Medium Enterprise (NASME), Dr. Abdulrasheed Yerima has applauded the effort of Development Bank of Nigeria (DBN) in disbursement of loans to boost their member’s entrepreneurship in the country. The…
By Seun Ibiyemi The Nigeria Deposit Insurance Corporation (NDIC), and other Africa Deposit Insurance agencies will explore the role of deposit insurance in early detection and timely intervention in resolving bank failures. A statement by Mr Bashir Nuhu, the Director,…
The World Bank has approved 750 million dollars for the Nigeria State Action on Business Enabling Reforms (SABER) Programme-for-Results. This is contained in a statement made available to Nigerian NewsDirect from the World Bank website on Friday in Abuja. The…
