Business

FMDQ Securities Exchange Limited, has approved the quotation of MyCredit Investments Limited N2.50 billion Series one Commercial Paper (CP) on its platform. The Exchange stated that this is part of its mandate to accelerate the development of the Nigerian debt markets, as it will continue to use its platform to …

The National Pension Commission (PenCom) has sanctioned defaulting companies N12.09billion monetary fines, LEADERSHIP learnt. This is aside the N12.440 billion principal contributions recouped, making a total payment of N24.5billion by employers who failed to remit the pension contributions of their workers as and when due. The penalty payment was for …

  The removal of the fuel subsidy in Nigeria caused a sharp strengthening of price pressures in June. In turn, rates of expansion in output and new orders softened but remained marked nonetheless. Business confidence dipped to a near-record low. Intensifying inflationary pressures encouraged companies to expand inventories to try and get ahead of further price increases. Meanwhile, …

—Assures them of policy consistency —-As Shell Director hails President’s strong start, positive reforms President Bola Tinubu, on Monday, assured investors that his administration is open and serious for business and will maintain consistency in policy. The President also promised to provide a better business climate to attract investment. He …

Central Bank of Nigeria building The Central Bank of Nigeria on Monday sought the partnership of the Federal University of Technology, Akure, Ondo State, in adopting the newly introduced digital currency known as eNaira. The apex bank urged the university to adopt the new system for financial transactions within the …

Zenith Bank Plc has retained its ranking as the Number One Bank in Nigeria by Tier-1 Capital in the 2023 Top 1000 World Banks’ Rankings, published by The Banker Magazine. For the fourteenth year in a row, the Bank has held its position as the number one Tier-1 bank in …

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 …