IMF says Nigeria not Generating Enough Revenue to Support Developmental Needs International Monetary Fund has said that Nigeria is not earning enough revenue to support its developmental needs. IMF explained that the country’s nine per cent revenue to Gross Domestic Product ratio is very low and not enough to[Read More…]
NECA calls for urgent action to arrest growing unemployment rate The Nigeria Employers’ Consultative Association (NECA) has raised alarm at the growing rate of unemployment in the country, with attendant negative consequences for security and household survival. The Director-General of the Association, Adewale-Smatt Oyerinde stated in Lagos that “we[Read More…]
Fidelity, Zenith, Access makes list of most Capitalized Banks in Q3 2023 Leading financial institution, Fidelity Bank, has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article published in Thisday newspapers, the bank reported a capital base of N410.75 billion as[Read More…]
Polaris Bank pledges support for infrastructure development in Ogun State Polaris Bank, Nigeria’s leading digital retail Bank has pledged to support the development of high-impact sectors including road infrastructure, housing, education, healthcare and agro processing in Ogun State. The Managing Director/CEO of Polaris Bank, Mr. Adekunle Sonola, stated this[Read More…]
Tinubu appoints Lokpobir Chairman Board of NCDMB, others as Management Team President Bola Tinubu has approved the appointment of the State Minister of Petroleum, Senator Heineken Lokpobiri as chairman of the Nigerian Content Development and Monitoring Board (NCDMB). The president also appointed eight other Nigerians as part of the[Read More…]
The Alternative Bank Delights Customers with Exclusive Seasonal Product Ahead of the festive period, The Alternative Bank is offering customers an innovative financial product designed to enhance the holiday experience. This pioneering solution – AltMall, allows individuals to instantly acquire desired items and pay in manageable instalments, freeing up funds[Read More…]
FG, Kuwait sign air pact The Federal Government has signed a Bilateral Air Service (BASA) agreement with the State of Kuwait. Represented by the Minister of Aviation and Aerospace Development, Festus Keyamo, the accord between the two countries was formalised at Riyadh during the International Civil Aviation Organization (ICAO), ICAN[Read More…]
PalmPay sets aside N10b for savers Leading Fintech company, PalmPay said it has set aside N10 billion cash for users of its platform for savings. It said the cash is a form of reward for their saving habits in a new drive towards driving financial literacy. According to the[Read More…]
FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow Bloomberg announced that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank, has adopted Bloomberg’s Trade Order Management System (TOMS). A statement by the bank, said, by integrating TOMS into[Read More…]
Nigerian Breweries Appoints Alabi As Head Of Corporate Communications Nigerian Breweries Plc has announced the appointment of Ayodele Alabi as Head of Corporate Communications. According to a statement signed by the Corporate Affairs Director, Nigerian Breweries Plc, Sade Morgan, the appointment takes immediate effect. Alabi is a seasoned[Read More…]
