Nigeria Business Now Archives - Page 71 of 82

Business

FG grants banks power to issue debit cards that can double as national ID cards

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…]

May 25, 2023 by Eberechi Constance Comments are Disabled

Business

Dangote Refinery to generate $21billion, employ over 100,000 youths

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…]

May 25, 2023 by Eberechi Constance Comments are Disabled

Business

CBN raises interest rate to 18.5%

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…]

May 25, 2023 by Eberechi Constance Comments are Disabled

Nigeria’s GDP falls to 2.31% in Q1, NBS blames CBN for economy’s underperformance

The National Bureau of Statistics (NBS) disclosed on Wednesday that Nigeria’s Gross Domestic Product (GDP) growth declined to 2.31 per cent in the first quarter (Q1) of 2023. Ripples Nigeria learnt that the 2.31 per cent GDP growth fell below the 3.52 per cent reported in the fourth quarter (Q4)[Read More…]

May 25, 2023 by Eberechi Constance Comments are Disabled

Business

Shareholders Applaud Fidelity Bank for Exceptional Performance in 2022 FY

Shareholders of leading financial institution, Fidelity Bank Plc, have commended the board and management of the bank for delivering an exceptional performance in FY 2022. This was made known at the bank’s 35th Annual General Meeting (AGM) held virtually on Tuesday, May 23, 2023. Speaking at the AGM, the Chairman[Read More…]

May 24, 2023 by Eberechi Constance Comments are Disabled

Business

Former Ecobank Group CEO Headlines CFA Quarterly Leadership Series

Former Group Chief Executive Officer (GCEO), Ecobank Transnational Incorporated (ETI), Mr. Ade Ayeyemi has been scheduled as Guest Speaker at the 6th edition of CFA Society of Nigeria Quarterly Leadership Series. The virtual event is scheduled for Thursday, May 25 between 11am and 12:30pm. The CFA Society Nigeria Quarterly Leadership[Read More…]

May 24, 2023 by Eberechi Constance Comments are Disabled

Business

UK stops Nigerian students, others from coming over with families

…effect by 2024 The United Kingdom has put in place a law that will see Nigerian students, and others studying in the UK from bringing family as dependents except under specific circumstances. This is as the UK government aims to bring immigration into the country which stands at about 1[Read More…]

May 24, 2023 by Eberechi Constance Comments are Disabled

Business

CBN revokes licenses of 132 microfinance banks, others

The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 microfinance banks in the country, alongside those of four primary mortgage banks and three finance companies. This was disclosed in the official gazette of the Federal Government, which was published on the website of the CBN on[Read More…]

May 24, 2023 by Eberechi Constance Comments are Disabled

Technology

Google Expands Flood Alerts to 80 countries

Google on Monday, May 22, announced the expansion of its Flood Hub platform to cover 80 countries worldwide, including the addition of 8 new countries in Africa. To date, 23 African countries are on the Flood Hub. This expansion comes as part of AI-enabled efforts to address the devastating impacts[Read More…]

May 23, 2023 by Eberechi Constance Comments are Disabled

Business

NAICOM releases Sandbox guidelines

The National Insurance Commission (NAICOM) has released the insurance regulatory’s sandbox operational guidelines, to take effect from May 1, this year. The guideline is to encourage innovation that would drive financial inclusion and positive competition. This is expected to be used to test insurance solicitation or distribution; insurance products, underwriting,[Read More…]

May 22, 2023 by Eberechi Constance Comments are Disabled

Latest News

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FG grants banks power to issue debit cards that can double as national ID cards

Dangote Refinery to generate $21billion, employ over 100,000 youths

CBN raises interest rate to 18.5%

Nigeria’s GDP falls to 2.31% in Q1, NBS blames CBN for economy’s underperformance

Shareholders Applaud Fidelity Bank for Exceptional Performance in 2022 FY

Former Ecobank Group CEO Headlines CFA Quarterly Leadership Series

UK stops Nigerian students, others from coming over with families

CBN revokes licenses of 132 microfinance banks, others

Google Expands Flood Alerts to 80 countries

NAICOM releases Sandbox guidelines

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