CBN promises to tackle forex pressure Folashodun Shonubi, Acting Governor of the Central Bank of Nigeria, pledged to tackle the mounting exchange rate pressure as the naira witnessed a decline against the dollar. BusinessDay reports that Shonubi made this commitment during a press interaction after the two-day Monetary Policy[Read More…]
Ecobank, wins coveted Euromoney award as Africa’s Best Bank for SMEs Ecobank, the leading pan-African Banking Group, has been named Africa’s Best Bank for SMEs (small and medium-sized enterprises) by the prestigious Euromoney Awards for Excellence for the second year running, having also won the accolade in 2022. [Read More…]
Coca-Cola, MTN Foundation, British Council, Microsoft, others Unveil as Partners for Africa Social Impact Summit 2023 The Sterling One Foundation and the United Nations Nigeria, co-conveners of the Africa Social Impact Summit 2023, have officially unveiled partners for the second edition of the Africa Social Impact Summit. The[Read More…]
Top 5 Zoho platforms helping businesses thrive in Nigeria By Kehinde Ogundare Nigeria, one of the world’s fastest-growing economies, boasts a thriving business ecosystem characterised by its dynamism and resilience. Nigerian enterprises are widely recognised for their tenacity and relentless pursuit of global competitiveness. A report by McKinsey[Read More…]
“Ecobank’s Single Market Trade Hub is a Game Changer for SMEs in Nigeria” – Kola Adeleke Ecobank has called on Small and medium Enterprises (SMEs) as well as large businesses in the country to onboard on its Single Market Trade Hub which was launched recently. The Ecobank Single Market[Read More…]
Fidelity Bank reclassified as Medium Price Stock Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification[Read More…]
Honeywell’s Judgement Claim is absurd and an Exercise in Futility – Ecobank Ecobank Nigeria says it remains committed to recovering the debts owed by Honeywell, emphasizing that the return of depositors’ funds is crucial for ensuring the continued support and growth of local businesses by the bank. The bank[Read More…]
NNPCL, UTMOL sign agreement to drive down cost of cooking gas The Nigerian National Petroleum Company (NNPC) Limited and UTM Offshore Limited today signed the Heads of Terms Agreement which spells out terms of 20 per cent equity contribution of the NNPCL in the UTM FLNG Project. The signing[Read More…]
NEC dumps Buhari’s national social transfer register The National Economic Council (NEC) on Thursday dumped former President Muhammadu Buhari’s national social register, opting for a new social register to be developed by each state of the federation The council headed by Vice President Kashim Shettima, is made up of[Read More…]
UK approves naira for trade financing Britain will add the naira to its list of “pre-approved currencies” for financing transactions. This will enable United Kingdom (UK)’s export finance agency to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West[Read More…]
