…. donates school furniture to Abia school The Ajoke Ayisat Afolabi Foundation (AAAF), the philanthropic arm of SIFAX Group, has set a target of awarding a scholarship to 2,000 indigent students across the country in 2024. According to Foluke Ademokun, Executive Coordinator, AAAF, while speaking on the activities of …
Read More »UBA America Strengthens Commercial Diplomacy, Hosts Diplomats, Business Leaders at World Bank Summit in Washington.
UBA America, the United States subsidiary of United Bank for Africa (UBA) Plc hosted diplomats, government officials and business leaders to a networking reception in partnership with the esteemed Business Council for International Understanding (BCIU) and the U.S. Department of States in Washington DC on Monday . The event which was held on …
Read More »Workers Union Shutdown Headquarters In Lagos As Heritage Bank Crisis Deepens
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has taken decisive action against Heritage Bank by shutting down its head office in Lagos. This move comes in response to the bank’s management’s recent mass sacking of over 1000 personnel without following due process. NUBIFIE vowed to …
Read More »N106billion Net Lost: Nigerian Breweries Announces Downsize Workforce Over Cost Savings
Nigerian Breweries says some employees will be affected by the company’s cost savings measures adopted to improve its finances. Cost savings measures were adopted by Nigerian Breweries following the N106 billion net loss reported in 2023. During a media briefing in Lagos on April 17, the company said the workforce …
Read More »Depleting External Reserve Not Due To Defending Naira But For Debt Repayment, Says Nigeria’s Central Bank
A Bloomberg report this week said Nigeria was burning through its foreign exchange reserves at a rate not seen in four years, raising concerns that the central bank was depleting its dollar holdings to support the naira after pledging it would allow the currency to float more freely. The Governor …
Read More »NUBIFIE shuts down Heritage Bank head office over sack of 1000 workers
NUBIFIE shuts down Heritage Bank head office over sack of 1000 workers The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), has shut down Heritage Bank’s head office in Lagos following the sack of over 1000 personnel by the management of lender led by Mr. Akinola George-Taylor without following due …
Read More »Stanbic IBTC Bank launches all-in-one Super App for business clients
Stanbic IBTC Bank, one of Nigeria’s leading financial institutions, unveiled its latest upgrade to its Stanbic IBTC Super App. This forward-looking application, tailor-made for business clients, promises to reinvent the way companies handle their financial transactions. The Super App offers a comprehensive financial solution by integrating Insurance, Pension, Stockbroking, Asset …
Read More »Q1 2024 Media Sentiment: Nigerian Banking, Fintech, and Telecom Sectors Thrive Despite Economic Challenges
Nigeria’s commercial banking, fintech, and telecommunications sectors have maintained excellent media interactions, marketing, and awareness since the start of 2024 despite the weakening of the Naira against the Dollar and its effect on businesses across the country. These were further enhanced by the remarkable data it gave the media in …
Read More »Dangote crashes Diesel price to N1,000 per litre
In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous …
Read More »Concerns over depositors’ funds in Wema Bank as lender reports N1.13bn fraud
Wema Bank CEO, Moruf Oseni Depositors and stakeholders of the Moruf Oseni-led Wema Bank Plc are worried about the safety of their funds and the health of the lender over the high level of fraud cases the bank recorded in the year 2023. In its full-year 2023 financial statement released …
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