Business

Experts have called on the federal government to secure long term foreign loans to clear foreign exchange forwards, foreign portfolio investors and airlines trapped fund . It could be recalled that the Association of Bureau De Change Operators of Nigeria (ABCON) has said that the $2.2billion prepayment facility from the …

Lagos, Nigeria – Leading the charge in mobile-based payments, OPay has pledged to implement a thorough removal process for accounts lacking a Bank Verification Number (BVN) and/or National Identification Number (NIN) starting March 1, 2024. This commitment follows the recent directives from the Central Bank of Nigeria (CBN) on Know-Your-Customer …

World Bank The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued Growth, Multiple Challenges”, projected that the African largest economy will improve by 3.3 per cent up from a …

Source: minutehack.com •Industrial companies, banks get lion’s share under Emefiele, social services receive least forex allocation •Anti-corruption agency deepens forex scandal probe, detectives may grill five foreign companies next week The Economic and Financial Crimes Commission is investigating at least $347bn allocated to companies in Nigeria between January 2014 and …

  …as new President harps on collaboration   Members of the Association of Corporate and Marketing Communication Professionals in Nigerian Banks (ACAMB) have elected new Executive Committee to pilot the affairs of the Association in the next two years.   The newly elected leadership was the major highlight of the …

The Federal High Court sitting in Lagos Monday fixed February 2, 2024, to resume hearing of an alleged bankruptcy suit filed by Access Bank against a businessman, Dr. Ambrose “ABC” Orjiakor, and firms connected to him. The case, originally being heard by Justice Nicholas Oweibo, will henceforth be heard by …

Stephen Angbulu and Justice Okamgba The Presidential Committee on Fiscal Policy and Tax Reforms says it is meeting with state governors in order to reach an agreement for states to suspend some low-revenue taxes. The panel said the move would lead to the suspension of ‘nuisance taxes’ by states and …

  Telecommunications giant, Globacom, on Saturday night appreciated its long-serving employees, raining millions of naira on them.   The reward was part of the company’s 20th Anniversary and part of a staff appreciation party themed “Twenty and Unlimited” and held at the  Eko Hotel and Suites, Victoria Island, Lagos.   …

Stanbic IBTC Holdings, a member of the Standard Bank Group, announced the recognition of several of its subsidiaries across nine categories at the prestigious 2023 International Finance Awards. The globally esteemed program acknowledged excellence in financial services, and spotlighted outstanding organizations in Africa, the Middle East, Asia, and Europe. Dr Demola Sogunle, Chief Executive of Stanbic IBTC Holdings, emphasized …

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions to the economic development of Africa. The recognition of the bank’s outstanding performance reaffirms its status as a leading player in the financial industry with critical …