Business

Following the removal of fuel subsidy in Nigeria, the World Bank has projected that inflation may hit 25 per cent in 2023 against the country’s already existing 22.41 percent inflation rate. This shows that Nigeria is 2.59 per cent points away from the World Bank projection according to the recent …

Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa’s first fully digital bank, ALAT, yesterday announced the launch of the highly anticipated 3rd season of the Wema Bank 5 for 5 promo. This reward program, initiated by Wema Bank, aims to recognize and reward customers …

Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC has reaffirmed its unwavering commitment to securing a prosperous future for its customers. During the highly successful 2023 edition of the Annual Employers Forum, Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers emphasized this dedication towards helping their …

FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch The robot is among the phased configuration of the bank’s state-of-the-art digitally led self-service branch The Humanoid Robot is equipped with Video Banking and Artificial Intelligence (AI), taking on the role …

  Nigeria: June 30: Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday, signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide financing for up to US$6.0bn over the next 3 years to eligible SME across Africa. UBA signed the agreement with AfCFTA on …

Central Bank of Nigeria building In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria injected another sum of $17.81bn into the inter-bank foreign exchange market in 2022. According to the CBN’s ‘Financial markets department annual activity report 2022’, this was a slight increase …

NEXIM The Nigerian Export-Import Bank (NEXIM) is collaborating with Fidelity Bank to increase the capacity of five million Small and Medium Enterprises (SMEs) exporters in the non-oil sector. NEXIM said the move is in line with the overall objective of promoting export diversification efforts of the Federal Government. The Managing …

NATO Secretary General Jens Stoltenberg (L) and European Council President Charles Michel (R) talk to the media as they arrive for a European Council Summit, at the EU headquarters in Brussels, on June 29, 2023. – EU leaders will the EU’s continued support to Ukraine, as well as the economy, …

  The Chairman/Founder of The Address Homes Limited, Dr Bisi Onasanya, has donated a completed multi-million naira block of classrooms to Ilara community in Epe, Lagos State in furtherance of his vision to support education through his philanthropic works. The donation of a block of six classrooms with a fully-equipped …

…Emerges the only Nigerian among six Africans in the top 500 Index   President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth …