FBNQuest Merchant Bank Gross Earnings Hits N35.5b FBNQuest Merchant Bank has despite the prevailing economic challenges, reported a robust financial performance and outlined strategic growth initiatives aimed at delivering sustainable value to its shareholders. The bank reported a strong financial performance for the year 2023, with gross earnings improving[Read More…]
Access Bank partners Mastercard on cross-border payments for African businesses Access Bank Group and Mastercard have launched a unified cross-border money movement solution across various African markets, enabling businesses and consumers to send and receive international payments across more than 150 countries. Under the partnership,[Read More…]
Abdul Samad Rabiu Felicitates Aigboje Aig-Imoukhuede on Appointment as President of France-Nigeria Business Council Abdul Samad Rabiu, Chairman of BUA Group and pioneer President of the France Nigeria Business Council, has congratulated Aigboje Aig-Imoukhuede on his recent appointment as the President of the France-Nigeria Business Council by President Emmanuel[Read More…]
FG to deploy N20trn pension fund for infrastructure development The federal government has unveiled a new plan to harness the N20 trillion pension fund and other locally available resources for infrastructure development in Nigeria. Coordinating minister for the economy and minister of finance, Wale Edun, stated this[Read More…]
Nigeria to unveil auto-credit scheme to boost local automobile industry The federal government has announced plans to launch an auto-credit scheme to boost the local automobile industry. Doris Uzoka-Anite, minister for industry, trade, and investment, spoke on Tuesday at a 3-day automobile conference in Lagos. Uzoka-Anite, who was represented by[Read More…]
Emefiele arraigned for printing naira notes without ‘strict approval’, pleads not guilty The former governor of the Central Bank of Nigeria, Godwin Emefiele has pleaded not guilty to charges of printing N684 million notes at a rate of N18.96 billion without the proper approval. Emefiele was[Read More…]
Nigeria Inflation rate rises to 33.69% in April Nigeria’s inflation rate increased 33.69 per cent in April 2024, according to latest data released by the National Bureau of Statistics (NBS) on Wednesday. According to Leadership, the latest jump in inflation figure represents a significant increase from the[Read More…]
Tinubu suspends 0.5% cybersecurity levy President Bola Tinubu has ordered the suspension of the 0.5 per cent cybersecurity levy. Mohammed Idris, minister of information and national orientation, announced the suspension after the federal executive council (FEC) meeting on Tuesday. Idris said Tinubu directed the Central Bank of Nigeria[Read More…]
Ecobank MySME Growth Series: Erhabor advocates for AI in Business Development Small and Medium Enterprises (SMEs) in the country have been advised to embrace Artificial Intelligence (AI) technology to grow their businesses. Founder AI Nigeria, Ehia Erhabor, made this submission in his presentation titled “ Using AI[Read More…]
CBN: Nigeria records $282m diaspora remittances in Q1 2024 The Central Bank of Nigeria (CBN) reported $282.61 million in total direct foreign exchange (FX) remittances in the first quarter (Q1) of 2024, which is a 6.28% decrease from the $301.57 million remittances recorded in Q1 2023. The data was obtained[Read More…]
