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Elumelu Foundatn

68% Women Emerge Beneficiaries At 2021 Tony Elumelu Foundation For Young African Entrepreneurs

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme. The 2021 beneficiaries were selected from a pool of over 400,000 applications, based on their innovation, performance, and growth potential to create jobs and eradicate poverty on […]

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Heritage Bank, CBN Adopt New Approach To Boost Wheat Production Capacity

In a bid to meet the high demand amid poor production capacity of wheat, the Central Bank of Nigeria and Heritage Bank Plc have adopted a novel but more robust approach to boost local production and reduce dependence on importation. The partnership is basically to consummate Wheat Seed Multiplication Project in Jos as part of […]

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Other African Countries Understudying e-Naira-CBN

The Central Bank of Nigeria (CBN) has stated that the success and acceptance of the e-Naira has attracted other African countries to understudy the model and basics of the Central Bank Digital Currency (CBDC). Speaking on the sidelines of the CBN special day at the ongoing Lagos International Trade Fair yesterday, Director, Corporate Communications of […]

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UBA Foundation Sensitises Staff, Customers on Mental Health Awareness, Offers Therapies, Creative Opportunities, Giveaways

In line with its commitment towards giving back and impacting lives, UBA Foundation – the corporate social responsibility arm of United Bank for Africa (UBA) Plc – has kicked-off a week-long series of activities aimed at promoting mental health awareness for staff and customers starting with a panel session on Wellness at the Workplace. Whilst […]

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Cbn Building

CBN: Due To Covid19 Scourge, Foreign Currency Inflows Dropped to $1.83bn in 2020; Cuts Naira Printing Costs To N58bn

The Central Bank of Nigeria (CBN) has disclosed that it recorded a significant reduction in the volume and cost of foreign exchange procurement in 2020, the year of COVID, when the entire world was on lockdown and businesses closed. The bank said a total of $1.83 billion was procured over the period, representing a decline […]

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Tony Elumelu Foundation To Announce 2021 TEF Entrepreneurship Beneficiaries Nov. 12; About 5,000 Young African Entrepreneurs From 54 Countries To Get $5000 Seed Capital Funding

The Tony Elumelu Foundation (TEF), the leading philanthropy empowering young African entrepreneurs, will announce the beneficiaries of the 2021 TEF Entrepreneurship Programme at the official Selection Announcement event holding in Lagos, and streaming live online, on November 12, 2021. The ground-breaking hybrid event will unveil 4,800 African entrepreneurs chosen from all 54 African countries who […]

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Heritage Bank

Heritage Bank, Next Titan To Sustain Entrepreneur Support With N15m

In a bid to ensure that entrepreneurial goals of the Nigerian youths are achieved, Heritage Bank Plc, Nigeria’s most innovative service banking provider, in collaboration with The Next Titan is set to further invest N15million on viable Nigerian entrepreneurs. Tagged “Uncaged,” The Next Titan season-8 is Nigeria’s foremost Business Reality TV Show where contestants compete […]

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Reinforcing Commitment As Technology Driven Institution, Heritage Bank Unveils Octiplus App

Nigeria’s most innovative service banking provider, Heritage Bank Plc, has unveiled another innovatve product Octiplus, in its dynamic approach to banking service philosophy to its teeming customers. According to the bank, Octiplus as a bank-agnostic, all-in-one digital banking application, which grants users access to a bouquet of financial, lifestyle and social networking features with the […]

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Access Bank

Access Bank Continues Pa-African Expansion With Zambian African Banking Corporation Merger

Access Bank Plc has concluded a binding agreement with Atlas Mara Limited to execute the proposed merger between African Banking Corporation Zambia Limited and Access Bank Zambia Limited. This was contained in a notice filed with the Nigerian Exchange and signed by the company secretary, Sunday Ekwochi, stating that the proposed transaction is expected to […]

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CBN Lendng To Commercial, Merchant Banks’ Drops by 33.2% In October

Following the improvement in business activity in the country, commercial and merchant banks’ borrowing from the Central Bank of Nigeria (CBN) dropped by 33.2 per cent to N505.3billion in October as against N756.37billion in September 2021. Commercial and merchant banks often depend on the central bank bank for short-term liquidity needs to support their lending […]

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CBN Plans App To Accomodate Persons Without Bank Accounts On eNaira

The Central Bank of Nigeraia (CBN, has disclosed that a phone application for people without bank accounts will be rolling out soon, to accomodate persons without bank accounts in the digital eNaira scheme. This was disclosed by the Chief Executive Officer of Bitt Inc., Brian Popelka, the technical partner firm to the CBN , in […]

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Sanwo-Olu Unveils Ecobank Pan African Centre, Commends Bank’s Smart Building Initiative

Lagos State governor, Babajide Sanwo-Olu has said the new ultra-modern Ecobank Nigeria head office, the Ecobank Pan African Centre (EPAC) has a strong connection that will enhance the state’s Smart City Project and modernize infrastructure within the metropolis. The governor who was speaking during the commissioning of the office complex in Lagos lauded the management […]

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