Business

•As account maintenance fee hits N66.7bn Customers of nine leading commercial banks paid N154 billion fee for using electronic banking services in the first half of the year (H1’23). Details of the banks’ financial statements for H1’23 showed that the fee represents a 16.7 percent year-on-year (YoY) rise when compared …

  Access Bank Plc has enhanced its Agriculture Desk for improved value for customers and stakeholders. The bank also launched its Development Banking Desk that will cater and focus on Not-for-Profit organisations. According to Access Bank, the Agriculture Desk positions the bank at the forefront of Nigeria’s agricultural financing market …

The Nigerian Association of Liquefied Petroleum Gas Marketers has called on the Federal Government to find ways to ensure stability of gas prices and make it available to the common Nigerians. The NALPGAM National President, Abideen Olatunbosun, made this call during the 36th annual general meeting/conference of the association, with …

Naira crashes further against dollar, pounds The Special Adviser to the President on Economic Affairs, Dr Tope Fasua, has called for a structural reform of Nigeria’s foreign exchange market(FOREX), saying the involvement of over 5,000 bureaux de change, is simply unmanageable. Fasua made the call at a roundtable organised by …

NOVA Merchant Bank, a leading merchant bank in Nigeria, has sponsored a Pediatric Surgical Intervention, as part of its 2023 Environmental, Social and Governance (ESG) program, specifically within its UPLIFT initiative project. This initiative, conducted in partnership with the Association of Paediatric Surgeons of Nigeria (APSON), positively impacted 50 indigent …

The owners of Capital Hotel Plc have received approval for its voluntary delisting from the Nigerian Exchange Limited (NGX) after setting aside about N1.64 billion to pay off minority shareholders. The company has also received approval from the NGX to exit the local bourse, it said in a filing. Capital …

Stanbic IBTC Bank, a leading financial services provider, is proud to announce its recent recognition at the prestigious Global Transaction Banking Innovation Awards. The award, presented during a gala event held on Thursday, 21 September 2023, acknowledges Stanbic IBTC’s exceptional contributions and innovation in the field of Transaction Banking.   …

The Dotun Adesua Symposium, an earnest endeavor to cultivate meaningful dialogue within Nigeria’s dynamic creative industry, has laid a firm groundwork upon which this vibrant sector can flourish and become a catalyst for national development.   The symposium, held in Lagos, brought together luminaries, industry professionals, and creative minds under …

Businesses and individuals who operate locally but with global focus now have the opportunity to achieve their target with Glo Prime, a new regime of voice and data plans from telecommunications giant, Globacom. The company noted in a press statement issued in Lagos that “in a highly dynamic environment, there …

National Liquified Petroleum Gas (LPG) The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s total annual upstream capital expenditure has decreased from $27 billion in 2014 to less than $six billion in 2022. The Chief Executive of NUPRC, Mr Gbenga Komolafe, revealed this on the sidelines of the World …