CBN orders banks to freeze accounts without BVN, NIN from March 2024 The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to place a “No Debit” restriction on all accounts without a Bank Verification Number (BVN) and National Identification Number (NIN) from March 2024.[Read More…]
Fidelity Bank signs UN principles for Responsible Banking Fidelity Bank Plc has become an official signatory of the UN Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).[Read More…]
Dubai International Chamber launches seventh Representative office in Africa Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has inaugurated its seventh representative office on the African continent in Nigeria. A release from Dubai International Chamber said the the office is Located in Lagos.[Read More…]
Fidelity Bank set to host 2 days of Family Entertainment …….announces maiden edition of its Fidelity Family Weekend Fiesta In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc, has announced plans to host the maiden edition of the Fidelity Family Weekend. Scheduled to hold[Read More…]
Union Bank, BFREE Forge Strategic Partnership to Revitalise Loan Portfolios Union Bank of Nigeria and BFREE, a cutting-edge German-Nigerian FinTech firm, have signed a Memorandum of Understanding (MOU). This agreement, according to a statement, signifies a joint commitment to addressing economic challenges and revitalising distressed loan portfolios in Nigeria[Read More…]
Dangote refinery to start with 350,000bpd crude — CEO The President/Chief Executive Officer, Dangote Group, Aliko Dangote, has said that the $20bn Dangote refinery in Lekki, Lagos would start with the refining of 350,000 barrels per day of crude oil. Dangote, who disclosed this during an interview with the Financial[Read More…]
France seeks increased trade partnership with Nigeria on Agricultural Exports The French Minister for Foreign Trade and Economic Attractiveness, Olivier Becht has said the French Government is interested in deepening trade relationship with Nigeria on agricultural exports. Becht said this at the French-Nigerian Economic Summit on Friday in Lagos,[Read More…]
Ogun gives N1bn grant to SMEs The Ogun State Government has announced a N1 billion grant for over 1,000 Small and Medium-scale Enterprises to further mitigate the effects of COVID-19 in the sector. Ogun State Government on Sunday in a statement said that the N1 billion grant was the second[Read More…]
FG welcomes Mexican investors, promises incentives The Minister of Solid Minerals Development, Dele Alake, has lauded the decision of investors from the Republic of Mexico to visit Nigeria in search of investment in solid minerals. The Minister in a statement signed by the Special Assistant to the Minister on[Read More…]
Zenith Bank unveils street Christmas light Zenith Bank has started the Yuletide season by illuminating Ajose Adeogun Street and Roundabout in Victoria Island, Lagos. According to a statement on Sunday, the light-up ceremony was performed by the Group Managing Director of Zenith Bank Plc, Ebenezer Onyeagwu, on Saturday. It[Read More…]
