Meet CBN’s newly appointed deputy governors President Bola Tinubu on Friday approved the nomination of four new Deputy Governors of the Central Bank of Nigeria pending confirmation by the Senate for a term of five years at the first instance. They are expected, when confirmed, to work with the newly[Read More…]
FCMB’s SheVentures launches interest-free loans for female exporters First City Monument Bank (FCMB) has launched the SheVentures Export Readiness Programme to support women-owned businesses in Nigeria looking to expand into global markets. The programme will give participants access to insightful knowledge, focused advisory, and zero-interest loans to fund their export[Read More…]
Climate Change: Dangote steps up efforts to mitigate Green House Gas emission The pan-African Conglomerate, Dangote Group has deployed cutting-edge technology and other measures to mitigate emission of Green House Gas (GHG), and its impacts, in all its subsidiaries. The Group, as part of its contribution to the campaign for[Read More…]
FG moves NIMC to Ministry of Interior as issued NINs hit 102.4m There are indications that the Federal Government has moved the National Identity Management Commission (NIMC) from the Ministry of Communications, Innovation and Digital Economy to the Ministry of Interior, Guardian report. Sources within the NIMC, who confirmed[Read More…]
Fidelity bank Plc completes 100% acquisition of Union bank UK Fidelity Bank Plc has announced the completion of the acquisition of a 100 per cent stake in Union Bank Plc UK. In a statement to the investing community through the Nigerian Exchange Limited (NGX) on Wednesday, the bank noted[Read More…]
Bank of Industry grows assets by 67%, profit by 177% The Bank of Industry, BOI, has achieved a N3.3 trillion total assets as at June 30 2023. This represents a Year-on-Year, YoY, growth of 67% on N1.97 trillion asset level as at June 2022. Profit Before Tax, PBT, after[Read More…]
UBA records 371% increased profitability to N404bn in H1’23 UNITED Bank for Africa, UBA, Plc has recorded 371 per cent increase in profit before tax, PBT to N404 billion, in the first half of 2023 from N85.75 billion recorded in the first half of 2022. The jump in profitability[Read More…]
Zenith Bank records impressive triple digit in H1 2023 result Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2023, recording an astounding triple-digit growth of 139% in gross earnings from N404.8 billion reported in H1 2022 to N967.3 billion in H1 2023. [Read More…]
FAAN relocates international operations to new terminal at Lagos airport The Federal Airports Authority of Nigeria (FAAN) has redirected the processing of passengers through the new international terminal, at the Lagos airport effective immediately. According to a statement by the spokesperson, Mr Abdullahi Yakubu-Funtua, the expedited relocation to the[Read More…]
UAE Launches $4.5bn Clean Energy Support Initiative For Africa The United Arab Emirates (UAE) has made a significant pledge of $4.5 billion to support clean-energy projects in African nations. The UAE, is the host of this year’s United Nations climate summit. This substantial commitment is a collaborative effort involving[Read More…]
