Following the removal of fuel subsidy in Nigeria, the World Bank has projected that inflation may hit 25 per cent in 2023 against the country’s already existing 22.41 percent inflation rate. This shows that Nigeria is 2.59 per cent points away from the World Bank projection according to the recent …
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INEC chairman, Mahmood Yakubu, presents certificate of return to Bola Ahmed Tinubu of the APC. The Special Adviser to the President on Special Duties, Communications, and Strategy, Dele Alake, has vehemently rejected the European Union’s final report on the 2023 general elections conducted by the Independent National Electoral Commission (INEC). …
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Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa’s first fully digital bank, ALAT, yesterday announced the launch of the highly anticipated 3rd season of the Wema Bank 5 for 5 promo. This reward program, initiated by Wema Bank, aims to recognize and reward customers …
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Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC has reaffirmed its unwavering commitment to securing a prosperous future for its customers. During the highly successful 2023 edition of the Annual Employers Forum, Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers emphasized this dedication towards helping their …
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FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch The robot is among the phased configuration of the bank’s state-of-the-art digitally led self-service branch The Humanoid Robot is equipped with Video Banking and Artificial Intelligence (AI), taking on the role …
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Nigeria: June 30: Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday, signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide financing for up to US$6.0bn over the next 3 years to eligible SME across Africa. UBA signed the agreement with AfCFTA on …
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Ondo PPRO, Funmilayo Odunlami The Ondo State Police Command on Thursday paraded the three suspects arrested in connection with the alleged killing of a naval officer, Sub. Lt. Samuel Akingbohun. The suspects also disclosed how the naval officer was killed. Akingbohun was allegedly killed by the suspects during an argument …
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CBN logo Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed in its figures on movement on foreign reserves that the reserves which commenced January 3, …
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Gbenga Adebija The Group Managing Director of Ashton and Layton and former Director-General of the Nigerian-German Chamber of Commerce, Gbenga Adebija, has joined USAccelerator, a United States-based professional service firm that advises and supports international businesses on their entry and acceleration of market growth in the US. In a statement …
Read More »Central Bank of Nigeria building In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria injected another sum of $17.81bn into the inter-bank foreign exchange market in 2022. According to the CBN’s ‘Financial markets department annual activity report 2022’, this was a slight increase …
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