Opay to block accounts not linked with NIN, BVN from March 1 Opay, a leading financial technology company, has said that customers who are non-compliant with the Know Your Customer (KYC) directive of NIN-BVN linkage of tier-1 accounts will be unable to carry out transactions from March 1.[Read More…]
S&P Global Sustains Ecobank Nigeria ‘B-/B’ Ratings Standard and Poors (S&P), a global rating agency has affirmed its ‘B-/B’ long- and short-term issuer credit ratings on Ecobank Nigeria. This implies that the Bank currently has the capacity to meet its financial commitment on obligations despite the adverse business,[Read More…]
UBA wins international awards United Bank for Africa (UBA) Plc has continued to elevate its global standing, coveting several prestigious international awards to consolidate the bank’s continuous contributions to the economic development of Africa. The recognition of the bank’s outstanding performance reaffirms its status as a leading player in the[Read More…]
Heirs Energies celebrates third anniversary Heirs Energies, Africa’s foremost indigenous-owned integrated energy company, has commemorated its third anniversary. In a short time, Heirs Energy has implemented a track record of significant production increases, pioneered a new model of community engagement and built a world-class Nigerian management team, contributing to[Read More…]
Tinubu directs NELFUND to extend students loan scheme President Bola Tinubu has directed the management of the Nigeria Education Loan Fund (NELFUND) to expand its focus area by extending interest-free loans to Nigerian students interested in skill-development programmes. The President issued this directive at the State House on Monday after[Read More…]
FG wants $1.5b World Bank Loan to support Naira The Federal Government of Nigeria is seeking a new $1.5 billion loan from the World Bank to support naira exchange value. The loan if given will raise the country’s debt to $115.85 billion, having piled up in the Muhammadu Buhari years[Read More…]
Dangote Cement hits N10tn capitalisation on NGX Dangote cement’s share price gained 53.9% last week. The stock sold at N350 per share. By the close of business on Monday, it reached N592 The market capitalisation of Dangote Cement hit N10tn at the close of trading on Monday, emerging[Read More…]
NNPCL to pay royalties, taxes from $3.3bn Afrexim loan The Nigerian National Petroleum Company Limited, on Sunday, said it would prepay future royalties and taxes to the Federal Government from the $3.3bn financing deal it got from African Export-Import Bank last year. NNPCL disclosed this in a document[Read More…]
NEPC, SMEDAN Partners to Enhance Exports for Nigerian SMEs The Nigerian Export Promotion Council (NEPC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) is set to partner and enhance export for Nigerian SMEs. The union disclosed that the move will streamline trade facilitation and enhance[Read More…]
Unilever Appoints Michael Ikpoki As Interim Chairman After Achebe’s Retirement The Board of Unilever Nigeria Plc has announced the appointment of Mr. Michael Ikpoki as the interim Chairman of the company, filling the position left vacant by the retirement of His Majesty, Nnaemeka A Achebe, Obi of Onitsha. The[Read More…]
