The Central Bank of Nigeria (CBN) has approved the sale of an additional $10,000 to 1,583 eligible Bureaux De Change (BDCs) in the country to meet market demands. The Director, Trade and Exchange Department of the CBN, Dr Hassan Mahmud, made this known in a letter addressed to the President, Association of Bureau De Change […]
Read More
The Central Bank of Nigeria (CBN) has secured the cooperation of some International Money Tranfer Organisations (IMTOs) to double the flow of remittance to Nigeria in its current bid to consolidate the modest improvement in the foreign exchange market dynamics. Mr. Olayemi Cardoso,the CBN Governor, who disclosed this in Washington DC also said that the […]
Read More
The Board of FBN Holdings Plc, yesterday, announced the appointment of Mr. Olusegun Alebiosu as acting Chief Executive, First Bank of Nigeria Limited (FirstBank), its flagship subsidiary. The appointment came on the heels of the recent resignation of the bank’s Managing Director/Chief Executive, Dr. Adesola Adeduntan. In a statement to the Nigerian Stock Exchange, the […]
Read More
Ecobank Transnational Incorporated (ETI) announced on the Nigerian Exchange Limited (NGX) that it has successfully repaid its $500 million 5-year Eurobond that matured on April 18, 2024. The Eurobond, which was issued in April 2019 was listed on the London Stock Exchange with a coupon rate of 9.5per cent. The bond garnered support from diverse […]
Read More
Access Bank has announced the unveiling of the sixteenth season of DiamondXtra, a savings and reward account program, in Lagos. This season of the special interest-yielding hybrid account, which permits deposits of both cash and third-party cheques, has been enhanced with exciting prizes for customers. Participants stand the chance to win prizes totaling N200 million, […]
Read More
A Nigerian Federal High Court, sitting in Abuja has granted an application by a Nigerian, Mr Chianugo Peter, to amend his originating processes filed to seek $150 million in compensation from Google and GoDaddy.com. Justice Obiora Egwuatu granted the application after lawyer to Google LLC, Oluwaseyi Ogundiran of Aluko & Oyebode Law Firm, did not […]
Read More
Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with the Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. Ecobank in a statement said the competition is scheduled to hold between in May 2024, is open to students from primary, Secondary and Tertiary education level […]
Read More
With an excess of N2 trillion shareholders fund, the management of Africa’s global bank, the United Bank for Africa (UBA) has stated that in due course, it plans to raise fresh capital in line with the Central Bank of Nigeria directives. The Group Managing Director & Chief Executive Officer of UBA, Oliver Alawuba, reiterated this […]
Read More
The Chairman of the Isale Eko Descendants Union, IDU, Mr Adeniji Kazeem SAN has commiserated with the Lagos State Governor, Mr Babajide Sanwo-Olu, the good people of Lagos Island and all affected by the calamity on the damage, massive loss of personal property and buildings of ordinary citizens following the devastating fire incident that struck […]
Read More
Nigeria’s major financial institution, Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best Bank […]
Read More
Access Bank Plc has entered an agreement with the Kenyan-based KCB Group Plc (“KCB”) for the acquisition of the entire issued share capital of National Bank of Kenya Limited. The move is part of the vision of the late co-founder and former Group Chief Executive Officer, Herbert Wigwe. KBC is the holding company of KCB […]
Read More
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, will announce 1,200 African entrepreneurs across 54 African countries as beneficiaries of its flagship Entrepreneurship Programme. The announcement will be made on March 22, 2024. The new beneficiaries will become the 10th cohort of the 10-year-long TEF Entrepreneurship Programme. The Tony Elumelu Foundation has […]
Read More
