Business

Polaris Bank promotes SMEs, sponsors The Fashion Souk

Polaris Bank has reaffirmed its commitment to support the growth of Small and Medium Enterprises (SMEs) in Nigeria. The Bank in a statement gave this assurance while disclosing plans to sponsor The Fashion Souk 7.0. The statement further noted that 3 successful entrepreneurs who emerge winners in a business pitch …

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NNPC seals $1.4bn financing deal for hydrocarbon project

NNPC The Nigerian National Petroleum Company (NNPC) Limited has signed a $1.4 billion external project finance agreement for the Northern Hydrocarbon Funding Limited. Codenamed Project Panther (under the NNPC Limited/Chevron Nigeria Limited joint venture), the agreement was sealed at the signing ceremony held on Tuesday in London. The deal was …

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Stanbic IBTC Bank Nigeria PMI® – New order growth hits six-month high in November

Faster rises in output and new orders Inflationary pressures remain elevated Business confidence at survey-record low Business conditions continued to improve markedly in the Nigerian private sector during November amid improving demand and higher customer numbers. In turn, firms expanded their purchasing activity and employment. That said, business confidence dropped …

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Sterling Bank Sponsors Training For 1,000 youths

Sterling Bank Plc, Nigeria’s leading commercial bank, has partnered with Nigeria Jubilee Fellows Programme (NJFP) to sponsor 1,000 fellows during this year’s training programme. Managing Director and Chief Executive Officer (MD/CEO) of Sterling Bank Plc, Mr. Abubakar Suleiman said, at the launch of the programme in Lagos, that the bank …

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Heritage bank staff jailed over N12.8M fraud

A 40-Year old Account Officer with Heritage Bank Plc, Omosanyin Eniola, will be spending the next seven years in prison custody having been convicted on a case of N21.8 million bank fraud by a competent court. It was reported that Chief Magistrate Linda Yetunde Balogun, of a Lagos Chief Magistrate’s …

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