More than Eur150 million has been provided by European Investment Bank (EIB) to support various projects in Nigeria. Last year, the bank agreed to a EUR 100 million financing deal with MTN Nigeria Communications Plc (MTN Nigeria) to support the telecoms company’s network expansion programme. According to information sourced by[Read More…]
The International Monetary Fund (IMF) has advised central banks in Europe to sustain interest rate hike until inflation is defeated. In a report entitled: Working in Concert to Defeat Inflation, Director, European Department, IMF, Alfred Kammer said policymakers were facing a multifaceted challenge: to defeat inflation, while safeguarding financial stability[Read More…]
President Bola Ahmed Tinubu has announced that the regime of fuel subsidy is gone. Tinubu made the pronouncement during his inauguration speech at the Eagle Square today. He said that based on the budget he has seen, there is no provision for subsidy. He said the money expended on subsidy[Read More…]
All is now set for the second edition of Adire Lagos Experience being hosted by Ecobank Nigeria. The Bank said it is impressed and motivated by the phenomenal success of the maiden edition held last year. The three days exhibition themed Adire Lagos Experience will take place at the ultra-modern[Read More…]
Nestlé Nigeria marked Children’s Day 2023 with children in the 30 Nestlé for Healthier Kids beneficiary schools, by providing them with learning materials. The company has been at the forefront of efforts to help children live healthier, happier lives through research, product innovation, food fortification, nutrition education and promotion of[Read More…]
As the world commemorates 2023 children’s’ day celebration, Polaris Bank has urged parents to imbibe in their kids, the art of saving by opening Polaris Rainbow Account. To encourage savings amongst kiddies, Polaris Bank offers its customers a specialized savings account, Polaris Rainbow Account, for kids between zero and[Read More…]
The Chairman of United Bank for Africa (UBA) Plc, has reiterated the bank’s commitment to spearheading the narrative and discussions that will lead to Africa’s development, growth, and unity. Speaking at the fifth edition of the UBA Africa Conversations, Elumelu emphasized the bank’s pivotal role in driving positive change across[Read More…]
The Federal Government (FG) has said Nigerian banks and other financial institutions can now issue debit cards that can double as national identity cards at no extra cost. The Minister of Communications and Digital Economy, Isa Pantami, made this known on Wednesday, during a press briefing following the valedictory Federal[Read More…]
President of the pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote has said, the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerians youths as well as generate over $21 billion, therefore saving the country huge forex, that would have been used for fuel importation. Dangote, said, the company, now[Read More…]
The Monetary Policy Committee of the Central Bank of Nigeria, on Wednesday, unanimously voted to increase its monetary policy interest rates to 18.5 per cent. The PUNCH reports in March that the MPC of the bank voted to increase the benchmark interest rate by 50 basis points to 18 per[Read More…]
