Category: Business and Finance

NSITF CHAIRMANSHIP: Facts Of The Matter, By Presidency

Following the disagreement between the Federal Ministry of Labour and Employment and the leadership of the Nigerian Labour Congress (NLC) over the appointment of the Chairman of the board of the Nigeria Social Insurance Trust Fund (NSITF), the Presidency wishes to clarify as follows: A. That the NSITF is a hundred percent, Federal Government of… Read More »

Category: Business and Finance

FirstBank Press Release

FirstBank Hits N1 Trillion in Transactions Processed through its Firstmonie Network; spearheads the Financial Inclusion drive by the Central Bank of Nigeria. Nigeria’s premier financial services provider and Bank of first choice, First Bank of Nigeria Limited has announced that its Firstmonie network has processed a cumulative transaction value of N1 trillion from its relaunch… Read More »

Category: Business and Finance

AfDB Signing Ceremony: Photo Ops

The Fidelity Bank team led by the DMD, Mohammed Balarabe was at the AfDB Office in Abuja today for the formal signing ceremony of $50M line credit between Fidelity Bank Plc and African Development Bank (AfDB) Deputy Managing Director, Fidelity Bank Plc, Mohammed Balarabe (L) and Senior Director, African Development Bank (AfDB), Ebrima Faal (R), during the… Read More »

Category: Business and Finance

CBN Forex Intervention for Friday, May 3, 2019

ABUJA – The Central Bank of Nigeria (CBN), on Friday, May 3, 2019 made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $271.83million and CNY41.14million. The Director, Corporate Communications at the Bank, Mr. Isaac Okorafor also confirmed that the sum of CNY41.14million was for payment of Renminbi-denominated Letters… Read More »

Category: Business and Finance

Shareholders commend Fbnholdings for a succesful Agm as management assurres of a brighter future

The shareholders of FBN Holdings Plc have been assured of brighter future and enhanced dividend at the 7th Annual General Meeting (AGM) in Lagos. Speaking at the meeting in Lagos, Dr Oba Otudeko, FBN Holdings Group Chairman, assured the shareholders that the company had mapped out strategies aimed at ensuring enhanced value creation for the… Read More »

Category: Business and Finance

Inter-Bank Forex Market gets $210 Million boost from CBN

ABUJA – In continuation of its mediation in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Wednesday, April 24, 2019, intervened with the sum of $210 million to sustain liquidity in that segment of the market. According to the figures released by the CBN on Wednesday, authorized dealers in the wholesale… Read More »

Category: Business and Finance

Press Release: 2nd Quarterly Draw of UBA Wise Savers Promo

United Bank for Africa (UBA) has rewarded another 20 customers who emerged winners in the second quarterly draw of the UBA Wise Savers Promo with N1.5 million each, bringing the total amount won by 40 customers so far to N60 million. The electronic raffle draw which was held at UBA House on Thursday 18th of… Read More »

Category: Business and Finance

Innovate 1’s Chairman, CEO, others to grace Euro Knowledge Leadership Award in London

Captain of industries, political leaders, policymakers, business magnates and institutional investors from all walks of life will be in attendance at the Euro Knowledge Leadership Award Ceremony which comes up on April 29, 2019 at the House of Lords, London. Among those mentioned by the organisers to attend the award include the Innovate 1 Pay… Read More »

Category: Business and Finance

CBN injects 254.8m, CNY 35.8m into Forex Retail SMIS

ABUJA – Following the injection of $210 million into the wholesale segment of the Inter-Bank Foreign Exchange market on Tuesday, April 16, 2019, the Central Bank of Nigeria (CBN) has intervened in the retail Secondary Market Intervention Sales (SMIS) with the sum of $254.8million. The Bank also injected the sum of CNY 34.8million in the… Read More »

Category: Business and Finance

Fbnholdings wins world finance best corporate governance in Nigeria award

Nigeria’s leading financial services group and holding company, FBN Holdings Plc has announced its winning of the 2019 Best Corporate Governance in Nigeria Award by World Finance; the voice of the global market renowned for its comprehensive coverage and analysis of the financial industry, international business and global economy. The event, which was held recently… Read More »