VP Kashim Shettima at MSMEs Clinic in Ekiti State Vice-President Kashim Shettima said President Bola Tinubu has approved a grant of N150,000 grant to each participant of the Expanded National Micro, Small and Medium Enterprises (MSMEs) Clinic. “I am pleased to share that Mr President has directed me …
Read More »ICYMI: People I Helped To Power Now Avoid Me, Umahi Laments
The Minister of Works, David Umahi, has said that most people he helped to power during the 2023 general elections now avoid him. Umahi said this in Abakaliki, Ebonyi State on Thursday while speaking with newsmen. The minister said that even National Assembly members whom he helped to power were …
Read More »Ecobank hits US$581 million profit before tax in 2023
L-R) Jeremy Awori, Chief Executive Officer, Ecobank Group; Papa Madiaw Ndiaye, incoming Chairman of Ecobank Group and Alain Nkontchou, outgoing Chairman, Ecobank Group Ecobank Transnational Incorporated (ETI) says the bank posted a profit before tax of US$581 million, up by eight per cent from US$540 million in 2022. The ETI, …
Read More »FIRSTBANK WINS 2024 BEST SME BANK IN NIGERIA AND BEST SME BANK IN AFRICA BY ASIAN BANKER AWARDS
Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards: Best SME Bank in Africa and Best SME Bank in Nigeria at the highly converted Asian Banker Global Excellence Retail Awards 2024. The Excellence in Retail Finance Awards Programme, which includes the Global Excellence in Retail …
Read More »Stanbic IBTC’s Call for Entries for Nationwide Scholarship Programme for Nigerian Youth
In a significant step towards nurturing the educational development of Nigerian youths, Stanbic IBTC has introduced a nationwide scholarship programme set to benefit 200 exceptional students across the country. This initiative highlights the organisation’s commitment to fostering education and providing outstanding students with opportunities to achieve their academic aspirations. The …
Read More »Heritage Bank shutdown: Badly run bank shouldn’t have lifetime guarantee, says Moghalu
Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), says badly managed banks should not have a lifetime guarantee. Moghalu’s statement is coming two days after the CBN revoked the banking licence of Heritage Bank due to the company’s “inability to improve its financial performance”. On …
Read More »‘No N5.4trn subsidy provision’ — FG says documents on fiscal policy proposals unofficial
The presidency says the two fiscal policy documents in circulation have not been approved by the federal government. According to the presidency on Thursday, the documents are still policy proposals subject to reviews at the highest level of government. “One of the documents titled Inflation Reduction and Price Stability (Fiscal …
Read More »‘No money allocated’ — NOA denies reports of N814bn spent on national anthem
The National Orientation Agency (NOA) says the federal government has not allocated funds for the promotion of the new national anthem, contrary to reports on social media. Lanre Issa-Onilu, the director-general of the agency, spoke on Wednesday at the presentation of the official version of the new national anthem in Abuja. …
Read More »Bank Led By Nigerian Billionaire Femi Otedola Recovers $305-million Loan From Failed Bank
First Bank of Nigeria Limited, the banking arm of First Bank of Nigeria Holdings (FBN Holdings), a leading financial service group led by Nigerian billionaire Femi Otedola, has successfully recovered a N456 billion ($305 million) loan from Heritage Bank just before the Central Bank of Nigeria (CBN) revoked the license …
Read More »Emirates, IATA and Airbus launch an enhanced A350 type rating conversion course for pilots
Emirates, the International Air Transport Association (IATA) and Airbus have joined forces to deliver an enhanced Competency-Based Training and Assessment (CBTA) programme for the A350 type rating, as the airline prepares for the delivery of 65 A350s from mid-2024. An initial cohort of 256 pilots will be trained as part …
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