CBN denies plans to Redenominate Naira The Central Bank of Nigeria (CBN) has dismissed rumours suggesting any plans for the redenomination of the Naira, set to take effect from January 2024. The response from the CBN comes in light of an assertion implying its intention to redenominate the nation’s official[Read More…]
Fidelity Bank wins Export Finance Bank of the Year award at 2023 BusinessDay BAFI Awards Fidelity Bank Plc’s leadership in the exports space has once again been reaffirmed with the bank’s emergence as the Export Finance Bank of the Year at the BusinessDay and Other Financial Institutions’(BAFI) Awards 2023.[Read More…]
Access Bank empowers businesses, NGOs Access Bank has strengthened its Development Banking Desk to drive sustainable development in Nigeria and across the African continent. Development Banking Desk is a specialised desk within Access Bank mandated to provide exclusive financial support to non-profit organisations such as international non-governmental organisations, non-governmental organisations,[Read More…]
FG to approve Seplat’s acquisition of $1.3 billion ExxonMobil assets Seplat Energy Plc, a leading Nigerian independent energy firm registered on the Nigerian Exchange Limited and the London Stock Exchange, has said that the federal government will approve the acquisition of $1.3 billion ExxonMobil’s shallow-water assets. The FG had previously[Read More…]
Be Cyber Security Conscious, Ecobank Advises Customers Ecobank Nigeria has advised its customers and stakeholders to stay safe online and boost their cybersecurity initiatives against the rising activities of cyber criminals. In a message to customers via email, as part of the Cybersecurity Awareness Month, the bank enjoined customers[Read More…]
FirstBank begins 50,000 tree-planting campaign to mark its CRS week First Bank of Nigeria Limited, last week, kick-started its 50,000 tree planting campaign as part of activities to mark its yearly Corporate Responsibility and Sustainability Week. In partnership with Nigeria Conservation Foundation (NCF), employees and partners of the bank led[Read More…]
Polaris Bank wins Nigeria’s Best Digital Bank of the Year Award, third time in a row … scoops ‘Best MSME Bank Of The Year’ prize also Polaris Bank shone brightest over the weekend as its bespoke home-grown digital bank, VULTe won for the third time, Nigeria’s ‘Best Digital Bank[Read More…]
Banks, Fintechs harps on ways to tackle e-fraud Experts and stakeholders in the financial service sector have called for the integration of multiple identity system into one to easily detect and track perpetrators of cybercrime. They made this call last week at the Cyber Awareness week. Speaking at the[Read More…]
FG to revamp steel sector, overhaul MTI – Minister The Federal Government is set to revamp Nigeria’s steel sector to enhance the economy, create employment opportunities and speed towards industrialization. Nigeria’s Minister of State for Steel, Uba Maigari Ahmadu stated this during an official visit to Anambra State. [Read More…]
EFCC Arrests Emefiele After His Release by DSS Former Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has been arrested by the Economic and Financial Crimes Commission (EFCC). Emefiele is currently being detained at the EFCC Headquarters in Abuja. He was picked up by operatives of the commission hours[Read More…]
