Business

The pension industry in Nigeria has evolved over the years and introduction of the Transfer Window, which allows pension contributors to switch from one pension fund administrator (PFA) to another has been the talk of the town since November 2020 when it was officially declared open by the National Pension …

The good news is here for micro, small, and medium enterprises (MSMEs) in Nigeria. A newly upgraded Corporate Internet Banking (CIB) portal, called V Biz, has been introduced by VFD Microfinance bank.  With V Biz, MSMEs can now enjoy banking services for their businesses. When you think about convenience, think …

In furtherance of the need to promote the business activities of its foremost agent banking platform – Firstmonie Agents – Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the provision of loan facilities – up to one million naira – to its banking agents. The …

… UNICEF says 2m Nigerian children suffer from acute malnutrition   To complement and boost government efforts in tackling the issue of malnutrition in Nigeria, the Aliko Dangote Foundation (ADF) has initiated processes to reach and properly feed one million children across the country, commencing immediately   According to the United …

FBN Holdings PLC (“FBNHoldings), Nigeria’s leading financial holdings company, has announced the appointments of Mr. Seni Adetu and Mrs. Juliet Anammah as Independent Non-Executive directors, while Mr. Otu Hughes has been appointed as a Non-Executive director. These appointments are subject to the approval of the Central Bank of Nigeria (“CBN”). Speaking …

The naira remains stable at the official and parallel markets, with the foreign exchange (forex) reserves standing at $36.4 billion, data from the Central Bank of Nigeria (CBN) website has shown. The naira’s stability at the same exchange rate for the past four days ignites hope that previous volatility in …

An Ondo State High Court has ordered Nigerian Breweries PLC to pay N169.175million to the Ondo State Government as haulage fees being owed by the firm. Delivering judgment, Justice William Akintoroye dismissed the suit filed by the Nigerian Breweries PLC as lacking in merit. The company had in suit number …

A Federal High Court, Abuja has given the Economic and Financial Crimes Commission, EFCC, the nod to arrest Mr. Richard Laing, Managing Director, ExxonMobil Nigeria. Justice Okon Abang on Friday January 29, 2021 granted the Commission’s application for a Bench Warrant to arrest the managing director of the international oil …

Ecobank Group has recorded a revenue of over N630 billion for the year ended December 31, 2020. This represents a 7% growth when compared to N586.9 posted in the corresponding period of 2019. In its unaudited report submitted to the Nigeria Stock Exchange (NSE) on Friday, the pan-African bank stated …

In furtherance of its commitment to empower, enhance and promote healthy living amongst Nigerian women and young girls, Keystone Bank Limited, through its ‘Pink Network’ initiative, in partnership with Giveback Nigeria and Hayat Holdings (Molped pads), has donated menstrual period kits to over 2000 marginalised girls in secondary schools in …