By Kayode Tokede All is set for the launch of “Ellevate,” a bespoke women empowerment proposition of the Ecobank Group. Ellevate is targeted at empowering women-owned, and women-focused businesses in Nigeria. Executive Director, Commercial Banking, Carol Oyedeji said the initiative…
By Kayode Tokede Zenith Bank Plc has been ranked as the Number One Bank in Nigeria by Tier-1 Capital in the 2021 Top 1000 World Banks Ranking published by The Banker Magazine. For the third consecutive year, the bank retained…
By Kayode Tokede Naira at the Investors & Exporters Foreign Exchange ( I & EFX) window appreciated by 0.11 percent to close at N410.83 against the Dollar on Tuesday. The local currency also gained by 0.33 percent and 0.35percent against…
By Kayode Tokede The Central Bank of Nigeria (CBN), under the Anchor Borrowers’ Programme (ABP), has approved the release of 50,000 metric tonnes of maize to 12 major producers, from the strategic maize reserve (SMR). The apex bank said that…
By Kayode Tokede Group Head, Emerging Businesses, Access Bank Plc, Mrs. Ayodele Olojede, has said that the bank remains committed to the growth and development of the Micro Small and Medium Scale Enterprises (MSMEs) sub-sector of the economy. She also…
The manufacturing sector recorded marginal growth as the Purchasing Managers’ Index (CPI) rose to 49.0 index points in April from 48.8 index points in March. The Central Bank of Nigeria (CBN) disclosed this in a report by the Monetary Policy…
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, emerged as the winner of the Equity Deal of the Year category at the 2021 African Banker Awards. The award was in recognition of the key…
Polaris Bank has announced the launch of a new reward: ‘Refer & Win’ exercise in which existing and new users of the Bank’s digital banking platform, VULTe, stand a chance to win up to N1,300 instant cash reward each time…
The Central Bank of Nigeria (CBN) said the country’s foreign reserves sustained its decline, dipping $215.62 million in its week-on-week (w/w) performance to $33.55 billion as at June 24, 2021 Analysts attributed the decline in foreign reserves to CBN intervention…
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to commence payment of liquidation dividends to uninsured depositors, creditors and shareholders of additional 14 banks in-liquidation. In a release by the Director, Communication and Public Affairs Department, Bashir Nuhu, the…
