The Central Bank of Nigeria (CBN) has extended indefinitely its ‘Naira 4 dollar scheme’ earlier scheduled to end on May 8, 2021. It disclosed this on Thursday in a circular to all Deposit Money Banks, International Money Transfer Operators and the general public, titled ‘Re: Introduction of the CBN’s …

Heritage Bank in partnership with the Road Transport Employee’s Association of Nigeria (RTEAN) has launched the Travelers’ Accident Insurance Scheme (TAIS) to assist road accident victims across the country. The scheme which was launched on Friday, aims to address deaths associated with inability of travelers involved in accident to offset …

  Pan African Financial Institution, United Bank for Africa (UBA) Plc has announced that 10 of its  loyal customers will get a chance to win N1,000,000 each, in the ongoing UBA Savings Promo which is scheduled to hold on to May 7, 2021 at the bank’s corporate head office, in Lagos.   This …

At the current pace, there’s no denying the improved fortune of eCommerce in Africa. Even the most ardent doubters of eCommerce viability on the continent will accept that the online shopping business is gaining momentum on the continent, contrary to their forecast and expectations. Major African markets like Nigeria and …

“My father was a shareholder of some companies, including banks, and he periodically received annual reports from them,” he recalls. “I found myself developing a special interest in reading and reviewing them.” This unusual reading material planted the seed of a desire to follow his father’s footsteps and enter the …

The Senate Committee on Ethics, Privileges and Public Petitions, on Tuesday, gave the Chairman, Code of Conduct Tribunal, CCT, Danladi Umar, two weeks to defend a petition against him. The Chairman of the Committee, Sen. Ayo Akinyelure, issued the directive when Mr Umar appeared before the committee on Tuesday in …

Ahmad Gumi, prominent Islamic cleric, has asked the Central Bank of Nigeria (CBN) to pay the N100 million demanded by the abductors of Greenfield University students, Kaduna state.  Several students were abducted on April 18 when gunmen attacked the school. The kidnappers have since killed five of the students and …

  The mortgage industry is recording exciting news as one of the oldest Abbey Mortgage Bank recorded a Profit-Before-Tax of N76 million in Q1 2021, which is a positive deviation from the loss position of N4billion as at December 2020. It also grew its deposit from N14.6 billion to N23.5 …

Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the Cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria. Dangote Cement Senegal currently holds …

The Presidency has said some “disgruntled religious and past political leaders” are plotting to convene an illegal National Conference where a vote of no confidence would be passed on President Muhammadu Buhari with a view to overthrowing his government. It said the purpose of the move was to further throw …