Fuel Subsidy: NEC sets up committee to work out modalities for palliatives Following the removal of fuel Subsidy, the National Economic Council (NEC) has made moves to provide palliatives for workers and vulnerable groups in the country to curtail the impact. The Council at its inaugural meeting in Abuja[Read More…]
CBN abolishes Naira4Dollar Scheme, announces unification of FX windows The Central Bank of Nigeria (CBN) has announced the abolishment of all forex segmentation, meaning there will be a single exchange rate in the country moving forward. It was noted that Nigeria’s multiple FX segments are now collapsed into the[Read More…]
Inventory Finance: The Empowering Ally of Small Businesses in Nigeria By Abang Emenyi Amina, a small grocery store owner in bustling Lagos, Nigeria, is the embodiment of resilience. Her store is an essential hub in her local community, a place where neighbours can find everything from essential food items to[Read More…]
Fitch Affirms Fidelity Bank Ratings with Stable Outlook Fitch Ratings has affirmed Fidelity Bank Plc’s credit rating at ‘B-‘ with a stable outlook, according to its recent report. The global rating agency also upgraded the bank’s National Short-Term Rating to ‘F1+(nga)’ from ‘F1(nga)’. It said the upgrade reflects[Read More…]
Nigeria’s biggest oil pipeline records zero crude loss in May Crude oil production transported through the Trans-Niger Pipeline (TNP) into the Bonny terminal did not record any losses in May, a significant development considering that over 400 illegal connections were removed on the line in April. Analysts say this[Read More…]
TotalEnergies discovers oil, gas on OML102 offshore Nigeria TotalEnergies has discovered the Nkoton oil and gas on the Oil Mining Lease (OML) 102 offshore Nigeria. Country Communications Manager, Total Country Services, Charles Ebereonwu, disclosed this on Tuesday in a statement in Lagos, report from NAN Ebereonwu said the[Read More…]
L-R: Former Managing Director, Ecobank Nigeria, Patrick Akinwuntan; Former Group CEO, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi; Former Managing Director, Bank of Industry (BoI), Evelyn Oputu; Managing Director/Regional Executive, Ecobank Nigeria, Bolaji Lawal and President, Africa Fintech Network, Dr. Segun Aina, during the Ecobank Adire Experience in Lagos at[Read More…]
Wema Bank Plc Launches Phygital Wema Bank Plc, the leading financial institution in innovation and technology, has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. “Phygital is the result of Wema Bank’s recognition that a segment[Read More…]
Polaris Bank Appoints 2 New Executive Directors Polaris Bank has announced the appointment of two new members of its executive leadership team. Chinwe Iloghalu joins the Bank as Executive Director, Lagos and Corporate Banking, and Martins Izuogbe joins the Bank as Executive Director, Service and Technology. These appointments[Read More…]
Polaris Bank Partners Goge Africa to take Customers on a Caribbean Cruise Polaris Bank has announced an exciting and available opportunity for its customers and prospects seeking a remarkable intercontinental holiday experience tagged: Cruise the Caribbean with Polaris Holiday Loan. The Bank said it was thrilled to[Read More…]
