Seplat expresses believe of completing $1.3b ExxonMobil acquisition Seplat Energy Plc has expressed its commitment to completing the purchase of Nigerian oil and gas assets from ExxonMobil Corporation, a deal that has been held up by the Federal Government for more than a year. The Lagos and London-listed[Read More…]
World Energy review reveals slump in Nigeria’s gas production • LNG Exports Drops To 19.6bcm, Lowest In Last Decade This may not be the best of time for Nigeria’s hydrocarbon sector, as its natural gas production declined to 40.4 billion cubic meters (bcm) in 2022. The June 2023 Statistical Review[Read More…]
Stock roundup: Investors trade N41.5bn shares in three days Investors in the Nigerian capital market traded 2.314 billion shares valued at N41.547 billion in 28,095 deals in three days last week. This however fell short of the 3.369 billion shares worth N41.986 billion traded by shareholders in 39,764 deals the[Read More…]
Sterling Bank launches tech-based solutions for stakeholders in the Nigerian education sector. Sterling Bank has recently launched Edubanc; an innovative tech-based solution to provide banking and social services for stakeholders in the education sector. The bank in a release said, the solution aims to improve current learning outcomes and business[Read More…]
FirstBank Introduces the First Humanoid Robot FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch. The robot is among the phased configuration of the banks state-of-the-art digitally led self-service branch. The Humanoid Robot is equipped with Video Banking and[Read More…]
Caption: L-R: MD/CEO FIDELITY Bank Plc, Mrs. Nneka Onyeali-Ikpe; MD/CEO NEXIM Bank, Mr. Abubakar Bello and founder Sapphital Learning Limited, Mr. Amu Ogbeide during the signing of the NEXA Memorandum of Understanding between Fidelity Bank, NEXIM Bank and Sapphital in Abuja. NEXIM partners Fidelity Bank, and Sapphital to[Read More…]
Naira sells N763/$ at CBN window, trading rises The naira has appreciated by 0.68 per cent against the United States dollar on the Investor & Exporter forex window. The local currency closed at N763/$ on Tuesday, compared to N768.17/$ at the close of trading on Monday. There was no trading[Read More…]
CBN sets new transaction limits on contactless payments The Central Bank of Nigeria (CBN) has set new transaction limits on contactless payments after issuing guidelines for commercial banks and other financial institutions to adopt. In a statement released on Tuesday, the CBN said contactless payments are now limited to[Read More…]
World Bank plans additional $750mn electrification project in Nigeria The World Bank has disclosed plans to commit additional $750 million to deepening Nigeria’s access to electricity, through the Nigeria Electrification Project (NEP). BusinessDay reports that, World Bank Director of Strategy and operations for Western Central African Region, Elizabeth Huybens,[Read More…]
Sterling Bank, SMEDAN To Create Nigeria’s Largest SME Database One of Africa’s fastest-growing companies, Sterling Bank, has recently signed an agreement with the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) to establish a comprehensive database of Small and Medium Scale Enterprises (SMEs) in Nigeria. This will help in[Read More…]
