NG-CARES disburses N625bn to 36 states in 3 years The Nigeria COVID-19 Action, Recovery and Economic Stimulus (NG-CARES) has said it has disbursed N625 billion to the 36 states in Nigeria since the inception of the program. The National Coordinator of the programme, Dr Abdulkarim Obaje, stated this[Read More…]
Sterling Pioneers Africa’s First Indigenous Core Banking System Nigeria’s leading commercial bank and Africa’s most agile company, Sterling Bank Limited, has made history by migrating to what is believed to be the continent’s first ever indigenous core banking solution called SeaBaaS. The implementation of SeaBaaS, developed[Read More…]
Fidelity Bank Plc Donates Maternity Kits to Pregnant Women in Lagos Fidelity Bank Plc, a leading financial institution, has donated maternity kits to pregnant women in Aiyetoro, Yaba Local Council Development Area (LCDA) of Lagos State. This donation is part of the bank’s Corporate Social Responsibility (CSR)[Read More…]
NLC president, Ajaero arrested in Abuja The Department of State Services (DSS) has reportedly arrested the President of the Nigeria Labour Congress, Joe Ajaero. Ajaero was arrested this morning at the Nnamdi Azikiwe International Airport, Abuja, on his way to the United Kingdom for an official assignment. The[Read More…]
Polaris Bank, NCF take tree planting initiative to Kano Polaris Bank Limited has taken its tree planting initiative aimed at nationwide land restoration to Kano State working in partnership with the Nigeria Conservation Foundation (NCF). The commemorative tree planting activity was held at Ajingi Community Reserve, Kunkurawa, Kano[Read More…]
As foreign exchange debt continues to mount for Nigeria’s foremost brewing company, the Nigerian Breweries Plc, the Nigerian Exchange Limited (NGX), has approved a rights Issue of N600 billion to tackle the problem. The NBL Plc, the largest brewer in the country, plans to offer 22,607,491,232 ordinary shares[Read More…]
AMCON to sell Ibadan DisCo Assets Management Corporation of Nigeria (AMCON) says it plans to sell the loss making Ibadan Electricity Distribution Company (IBEDC) to more efficient investors capable of turning the entity around. AMCON Managing Director/Chief Executive Officer, Gbenga Alade, disclosed this at an interactive session with[Read More…]
NNPC Reports N3.3trn profit for 2023 The Nigerian National Petroleum Company (NNPC) Limited has declared a profit of N3.3 trillion for the fiscal year 2023. Pius Akinyelure, chairman of the NNPC board, stated this during a media briefing on the company’s 2023 audited financial statements (AFS) on Monday. Akinyelure said[Read More…]
FG commences Crude oil sales in naira to Dangote, others October 1 The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will commence October 1, 2024, The Punch reports. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun,[Read More…]
Access Bank Holdings celebrate posthumous birthday of late CEO, Herbert Wigwe The Access Holdings PLC yesterday August 15th, 2024 honored the memory of the late Group CEO, Dr. Herbert Wigwe on his posthumous birthday. They noted that the visionary leader is ‘forever in our hearts’, the Group prayed that[Read More…]
