Ecobank Nigeria to Appeal Honeywell’s Purported N72 billion Court Judgement Ecobank Nigeria Limited says it will appeal a judgement by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which delivered a judgment in favour of Honeywell Flour against the bank and ordered it to pay[Read More…]
Euromoney names GTB as best bank in Nigeria Guaranty Trust Bank Ltd (GTB) has been named Best Bank in Nigeria at the Euromoney Awards for Excellence 2023. This marks a record 12th time that GTB has been recognised as the leading financial institution in Nigeria. Announcing the award, Euromoney[Read More…]
DBN raises N23 billion to support MSME lending The Development Bank of Nigeria has raised N23 billion in the first tranche of its N100 billion bond issuance programme to consolidate its support to micro, small and medium-scale enterprises (MSME). The instrument that will be due in 2028 is[Read More…]
Unilever partners UNICEF to reach 3m Youths for FUCAP programme Unilever Nigeria and UNICEF today announced the launch of the Future-X Campus Ambassadors Program (FUCAP) to reach 3 million Nigerian youth and equip 700,000 of them between the ages of 16 and 24 with the requisite skills to succeed[Read More…]
PMI foundation supports entrepreneurship Project Management Institute Educational Foundation says it has injected a multi-million rand grant through the African Leadership Academy to support entrepreneurial training for African youths. According to a statement, the grant expanded on PMIEF’s current partnership with the ALA, which sought to introduce students to project[Read More…]
ExxonMobil To Buy Denbury For $4.9 Bn To Expand Low-Carbon Business ExxonMobil on Thursday July 13, said it will acquire Denbury Inc., a specialist in enhanced oil recovery and carbon sequestration, for $4.9 billion as it builds out its low-carbon business, the oil giant. The all-stock acquisition provides ExxonMobil[Read More…]
Access Bank enters into acquisition agreements with Standard Chartered Bank Access Bank Plc (Access) and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the[Read More…]
Send Money Across Africa in Seconds Using Ecobank Mobile and Omnilite Apps – Demola- Adeniyi Ecobank mobile, Omnilite App now available for customers to send money Across Africa in seconds Ecobank customers can now transfer money in seconds to 33 African countries where Ecobank Group operates using Ecobank Mobile[Read More…]
Naira sustains recovery at N746/$ in official market The naira on Thursday recorded a massive gain of N36 to close at N746/$ in the Investors and Exporters (I&E) window– official market. Thursday’s rebound showed two-day straight gain in the official market over improved liquidity and transaction activities. The local currency[Read More…]
DSS Charges suspended CBN governor, Emefiele to court The Department of State Services (DSS) on Thursday said it has dragged embattled Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele to court. DSS PRO, Peter Afunanya disclosed this in a release on Thursday, July 13, 2023. The[Read More…]
