Business

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to ensure efficient cash disbursement to the general public over-the-counter and through Automated Teller Machines (ATMs). The CBN directive is coming in the midst of complaints of acute scarcity of cash by bank customers across the country. Most …

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said the impact of the newly revamped Port Harcourt Refinery on fuel prices will remain limited due to the devaluation of the naira. Mr Festus Osifo, President of PENGASSAN, said this on Tuesday while confirming that the Port …

The huge investment by Dangote Sugar Refinery in the Sugar Backward Integration Policy (BIP) of the federal government has been hailed by the National Directorate of Employment (NDE), which described its job creation potential as humongous. Director-General of NDE, Silas Agara who commended the Chairman of the Company, Aliko Dangote …

Nestlé Nigeria has expanded its Nestlé Empowering Rural Women in Nigeria Initiative to include 50 more female retailers in Calabar, Cross River State. At the event to launch this project, the participants were trained in merchandising, bookkeeping, and customer service.   Speaking on the importance of this project, Victoria Uwadoka, …

United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Monday, held its annual Garden Light-Up ceremony to kick-start the festive season. The dazzling ceremony, held at the United Bank for Africa (UBA) head office in Lagos, brought together staff, customers, and well-wishers in a heart-warming …

The Board of Directors of Greenwich Merchant Bank Limited has announced the appointment of Mr. Benson Ogundeji as its substantive Managing Director/Chief Executive Officer, following the receipt of the approval of the Central Bank of Nigeria (CBN). The Chairman of the Board, Mr. Kayode Falowo, stated, “The Board is pleased to …

Rates of inflation in the Nigerian private sector remained elevated in November, further hampering business operations. There were some signs of improvement midway through the final quarter, however, as new orders returned to growth and the decline in output softened. That said, employment was down and companies continued to lower …

Zenith Bank Plc has expanded its global footprints with the opening of Zenith Bank (UK), Paris Branch. The official commissioning, which took place on Wednesday, November 27, 2024 at 21 Rue de la paix, Paris, France was performed by the Honourable Minister of Finance and Coordinating Minister of the Economy, …

Stanbic IBTC Bank, one of Nigeria’s leading banks, has recently launched Senior Citizens Account, an innovative solution exclusively designed for customers aged 50 years and older. This initiative is expected to serve over 15 million Nigerians estimated to be within this age range, according to Index Mundi. Through this very …

As part of its oversight function of monitoring the performances of concessioned firms, the Senate Committee on Privatisation, led by Senator Sunday Marshall Katung, has expressed the committee’s readiness to facilitate a faster renewal of Ports and Cargo’s concession agreement. This assurance was given during the visit of the committee …