Business

Access Bank Plc has vehemently denied reports that its group managing director, Mr. Herbert Wigwe has been arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of fraud. Some online news sites had reported that the Access Bank boss was arrested for his connection with the assets of …

  The Managing Director, First Bank Nigeria, Dr. Adesola Adeduntan, a visionary leader and an achiever to be reckoned with in the financial services sector has again kicked off the year in good form bagging the much-coveted and celebrated Cranfield University School of Management Distinguished Alumnus of the year Award. …

The Central Bank of Nigeria (CBN) says the minimum loan to deposit ratio for commercial banks would remain at 65% in the interim. In a statement signed by Ahmad Abdullahi, its director of banking supervision, the apex bank said it is has noticed a remarkable increase in the size of …

The World Bank Group, Wednesday, raised Nigeria’s growth expectations in 2020 to 2.1 per cent, describing it as an “edge up”, a development that confirms the country’s continued stay in sluggish economic path for another calendar year. It also warned that the macroeconomic framework is characterised by multiple exchange rates, …

Written by Collins Nweze   Capital is crucial in driving sustainable Small and Medium Enterprises’(SMEs’) growth and uplifting the economy. First Bank of Nigeria Limited, as part of the launch of its specialised SMEs’ propositions, has continually supported SMEs through diverse initiatives. The bank says its support for SMEs is …

Sixth Year of Programme and Tenth Anniversary of Foundation see Significant Enhancements to the TEF Entrepreneurship Programme Creating a Personalised Entrepreneurship Journey for Applicants and Greatly Increased Access to Programme and Knowledge Base   Applications made through TEFConnect, Africa’s largest digital entrepreneurship network   The Tony Elumelu Foundation (TEF) has …

The Central Bank of Nigeria (CBN) is taking steps meant to get more people embrace e-payment channels, especially Point of Sale (PoS) machine. The Nigeria Interbank Settlement System (NIBSS)  data showed the total volumes of PoS transactions for 2017 stood at 146.3 million, which was worth N1.4 trillion; 285.9 million …

The National Pension Commission plans to raise pension bonds through the Debt Management Office to offset the pension arrears of federal retirees. The arrears accumulated through accrued rights. The Chairman, Senate Committee on Establishment and Public Service, Ibrahim Shekarau, disclosed that the Federal Government currently owed its retirees over N400bn …

First Bank of Nigeria Limited sponsored the sixth edition of the Africa Fashion Week, Nigeria which held on Friday and Saturday, 20 – 21 December 2019 at the Lagos Oriental Hotel, Victoria Island, Lagos. The Africa Fashion Week, Nigeria, is a convergence of fashion entrepreneurs and the general public to promote the …

Make your Christmas holiday a pleasure by banking at your fingertips, right on your mobile with *326#. It doesn’t matter what kind of phone you have; you can avoid crowded banking halls and bank on the go simply by dialling *326#.  Perhaps you are holidaying in Nigeria and need to open …