The Federal Government has unveiled that it has partnered Wema Bank to establish micro, small and medium enterprise, MSME, digital hubs in seven states. This was disclosed in a statement signed by the Director of Information to Vice President, Olusola Abiola, saying the hub would empower one million youths with […]
BANKING
By Idris Bakare Zenith Bank Plc has been named the Best Commercial Bank in Nigeria at the World Finance Banking Awards 2023 for a third consecutive year. The bank also emerged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards 2023, retaining the award for […]
eTransact International Plc, one of Africa’s leading providers of mobile banking and payment services, has recorded 157.8 percent in its profit after tax, in one year. This was disclosed during the company’s 19th annual general meeting in Lagos recently. Speaking at the event, the chairman, eTransact International Plc, Wole Abegunde […]
First Bank of Nigeria Limited, Nigeria’s premier banking institution and leading financial inclusion services provider, has won the Financial Institution of the Year Award at the African Export-Import Bank (Afreximbank) Pan African Business and Development Awards. The ceremony marked the 30th anniversary of Afreximbank as it hosted the inaugural Pan-African […]
In December 2015, the share price of First Bank of Nigeria Limited was trading around N4.8 band. About seven years later, precisely last December, the value held tightly to N15, growing by over threefold amid general asset and economic doldrums. The steep rise in the valuation of the financial institution […]
…Over 10,000 residents to benefit from new primary healthcare centre In a bid to boost healthcare delivery to thousands of residents, the Lagos State Government has built and unveiled a new Primary Healthcare Centre (PHC) in Ije-Ododo Community, Iba Local Council Development Area (LCDA), under the Ojo Council Area of […]
The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account and other government securities. This is contained in the just-released exposure draft of guidelines on the management of Dormant Accounts, Unclaimed Balances, […]
The Naira depreciated against the dollar on Monday 3rd April 2023, exchanging for N463.50 at the investors’ and exporters’ window. The rate represents a decrease of 0.46 percent when compared to the N461.38 it exchanged to the dollar at the close of business on March 31. The open indicative rate closed […]
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the call for participation in the third season of its FirstBank Management Associate Programme (FMAP). Interested participants are required to submit their application via https://hdbc.fa.em2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX. The application is extended to the general public as it closes […]
Since emerging from the recession in 2020, the Nigerian economy has grown for nine straight quarters, according to a statement from the Central Bank of Nigeria (CBN). The government’s initiatives to diversify the economy and lessen reliance on oil exports were credited with the rise. The CBN also attributed the […]