Caption: L-R: MD/CEO FIDELITY Bank Plc, Mrs. Nneka Onyeali-Ikpe; MD/CEO NEXIM Bank, Mr. Abubakar Bello and founder Sapphital Learning Limited, Mr. Amu Ogbeide during the signing of the NEXA Memorandum of Understanding between Fidelity Bank, NEXIM Bank and Sapphital in Abuja. NEXIM partners Fidelity Bank, and Sapphital to[Read More…]
Naira sells N763/$ at CBN window, trading rises The naira has appreciated by 0.68 per cent against the United States dollar on the Investor & Exporter forex window. The local currency closed at N763/$ on Tuesday, compared to N768.17/$ at the close of trading on Monday. There was no trading[Read More…]
CBN sets new transaction limits on contactless payments The Central Bank of Nigeria (CBN) has set new transaction limits on contactless payments after issuing guidelines for commercial banks and other financial institutions to adopt. In a statement released on Tuesday, the CBN said contactless payments are now limited to[Read More…]
NACCIMA urges FG to Refrain from Merging FIRS, NIMASA, NCS The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has urged the Federal Government to refrain from implementing its proposed merger of the Federal Inland Revenue Service (FIRS), Nigerian Maritime Administration and Safety Agency (NIMASA) and[Read More…]
World Bank plans additional $750mn electrification project in Nigeria The World Bank has disclosed plans to commit additional $750 million to deepening Nigeria’s access to electricity, through the Nigeria Electrification Project (NEP). BusinessDay reports that, World Bank Director of Strategy and operations for Western Central African Region, Elizabeth Huybens,[Read More…]
Sterling Bank, SMEDAN To Create Nigeria’s Largest SME Database One of Africa’s fastest-growing companies, Sterling Bank, has recently signed an agreement with the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) to establish a comprehensive database of Small and Medium Scale Enterprises (SMEs) in Nigeria. This will help in[Read More…]
Tinubu renames airports after Buhari, Awolowo, Okadigbo, others President Bola Tinubu has announced the renaming of several federal airports after some prominent leaders in Nigeria. The Airport renaming was announced in a memo released by the Federal Ministry of Aviation and signed by the Director of Airport Operations,[Read More…]
Sterling Bank Accelerates Nigeria’s EV Race With Qore Nigeria’s leading commercial bank and one of Africa’s fastest-growing companies, Sterling Bank, has changed the course of Nigeria’s energy and transportation sectors with the launch of Qore; its suite of renewable energy-powered transportation solutions. A statement by the bank said, Qore will[Read More…]
ITF to empower youths The International Training Fund (ITF) has reaffirmed its commitment to escalate the provision of skills to youths to compete globally. Worried over the level of the youth who are migrating for greener pastures abroad, ITF said Nigeria must make the best use of them to[Read More…]
Turkey, UK hike interest rates Turkey’s central bank on Thursday delivered a large interest rate hike. This signaled a shift toward more conventional economic policies to counter sky-high inflation. It came at the bank’s closely watched first interest rate-setting meeting since Erdogan appointed two internationally respected officials to lead[Read More…]
