Thursday, 29 October, 2020

Category: Business


Nigeria’s long-standing innovative bank, Wema Bank, has rewarded twenty of its Royal Kiddies account holders through an announcement made during the virtual selection which held on the 2nd of October 2020. As the bank had earlier announced to make provision Read more…


      One of Nigeria’s leading financial institutions, Fidelity Bank Plc, has issued a notice of the meeting of its board of directors in Lagos for October 22, 2020, to consider and approve the bank’s unaudited financial statements for Read more…


Fidelity Bank CEO, Nnamdi Okonkwo Allegedly Begs EFCC For Soft-landing Over $153m Money Laundering Scandal.. The managing director and chief executive officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, is said to be pleading with the Economic and Financial Crimes Read more…


Court

British court orders release of $200m guarantee to Nigeria, Globaltimes reports… A United Kingdom Commercial Court on Tuesday ordered the release of the $200m guarantee put in place as security in respect of the execution of the much-discredited Process and Industrial Read more…


In the quest to aid speedy economic recovery and impactful service delivery to stakeholders caused by macro-economic headwinds and Covid-19, banking sector’s players have been charged to maximize the opportunities by re-strategizing its roles that will address emerging risks. The Read more…


UNION BANK Supports 10 NGOs Through UNIONBETTA Donations Union Bank, a leading financial institutions, has again delivered on its promise to support charitable organisations with a portion of proceeds from the UnionBetta savings product.   Launched in 2016, UnionBetta is Read more…


Inflation‌ The nation’s inflation rate has recorded its biggest increase so far this year, rising to 13.22 per cent in August, the National Bureau of Statistics said on Tuesday. The 13.22 per cent inflation rate is the highest since April Read more…


The fund is designed to support and stabilize the foreign exchange resources of African countries. Afreximbank boss demands use of Blockchain technology, , Afreximbank bags $100 million credit facility, Afreximbank pledges $500 million to support African creative products. The African Read more…


The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales to the Bureau de Change Operators on Monday. The naira had last week dropped from N480/$ to N420/$, following the Read more…


The absence of subsidies in neigbouring countries has created the incentive to smuggle about 30 per cent of petrol meant for Nigeria to the neighbouring nations. According to a publication by the Major Oil Marketers Association of Nigeria on Tuesday, Read more…