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…]
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…]
