Customs adjust FX rate for import duties to N1,147/$ The Nigeria Customs Service (NCS) has again adjusted the foreign exchange (FX) rate for duties to N1,147.02 per dollar. This represents a 7.3 percent decrease compared to N1,238.1/$ displayed on April 18. TheCable reports that the rate adopted by customs[Read More…]
Wema Bank removes fintech partners from platform over fraud Wema Bank has said that it has removed and suspended about seven fintech partners from its payment gateway platform over fraudulent activities. This is as the bank unveiled an anti-fraud campaign to protect its customers and other Nigerians against[Read More…]
AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education The Alternative Bank Limited (AltBank) has announced a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20 million in support of hunger alleviation and educational initiatives. This initiative aligns with the theme of the African[Read More…]
Court adjourns to May 27, trial of businessman, Ibeto over alleged N4.8bn fraud In anticipation of the Court of Appeal judgement, a Lagos High Court sitting in Ikeja has adjourned the trial of the Chairman of Ibeto Energy Development Company, Chief Cletus Ibeto till May 27. Chief Ibeto was charged[Read More…]
Dangote Refinery crashes diesel price to N1,000 A massive reduction in diesel price has been announced by Dangote Petroleum Refinery, with the product selling at N1,000 as against the N1200 it was previously selling. Recall that the Dangote Refinery had a few weeks ago while rolling out diesel to the[Read More…]
Fidelity Bank grows Profit by 131.5% in FY 2023 –Declares a final dividend of 60kobo per share Leading financial institution, Fidelity Bank Plc, has released its 2023 full-year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results,[Read More…]
Access Holdings’ expansion drive boosts growth, development to Africa Access Holdings Plc has continued to drive economic growth and development in Africa as its expansion drive and fostering local partnerships, continue to bring positive change and progress across the continent. The Access Corporation has extended its operations[Read More…]
Terra Cube reaches over two million Lagos household Terra Cube said it has embarked on a mission to unwrap joy and unleash taste sensations in over two million Lagos homes. In a statement on Thursday, the brand said that through an innovative contact programme launched in 2024, the brand[Read More…]
Hike in electricity Tariff: It will affect general public –NUEE National Union of Electricity Employees (NUEE) has said the recent hike in electricity Tariff it will affect the general public. In a statement signed by the general secretary, Dominic Igwebike titled: Hike in Electricity Tariff -Danger looms said[Read More…]
Zenith Bank takes steps on new capital requirement Zenith Bank Plc has revealed that it is taking urgent steps to meet the new N500bn capitalisation requirement of the Central Bank of Nigeria. The lender disclosed this in a statement accompanying its newly released annual report for 2023. In[Read More…]
