By Ayomide Otitoju Wema Bank, Nigeria’s leading innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has reinforced its commitment to women’s empowerment by disbursing N11 million to 131 women across Nigeria in the Women’s Month draw of the Wema Bank 5 for 5 Promo. The draw, held on Friday, March 21,…
By Ayomide Otitoju Fidelity Bank Plc has reaffirmed its commitment to driving non-oil exports with the successful hosting of the 18th edition of its Export Management Programme (EMP 18). The initiative, held recently in Lagos, provided a platform for entrepreneurs to enhance their expertise and explore global trade opportunities. In partnership with the Lagos Business…
By Ayomide Otitoju The Coca-Cola Foundation has improved access to clean water for over 16,000 residents in Borno State through its Strengthening Water, Sanitation, and Hygiene Service Delivery (S-WASH) initiative. In a statement, the Foundation highlighted that the initiative, implemented in collaboration with the Global Environment & Technology Foundation and WaterAid, involved rehabilitating boreholes, establishing…
By Ayomide Otitoju First City Monument Bank (FCMB) has expanded its reach with the inauguration of a new branch in Ogbomoso, aimed at enhancing financial inclusion and economic development in the region. Located along the Ogbomoso-Ilorin road, the branch was officially opened on March 12, 2025, in a ceremony attended by local leaders and community…
By Aymide Otitoju The Bank of Industry (BOI) has reaffirmed its commitment to providing financial solutions for female entrepreneurs, pledging sector-focused support for women-led businesses. In a statement issued on Friday, BOI disclosed that the commitment was made during an International Women’s Day event jointly organized with the Women’s Chamber of Commerce, Industry, Mines, and…
By Aymide Otitoju FirstBank has announced its commitment to disburse over N1 trillion in funding to support small and medium-sized enterprises (SMEs) across Nigeria in 2025. The bank disclosed this at the SME Scale-Up event held in Lagos on Friday, themed ‘Scale Up Your Business, Soar High.’ The gathering brought together entrepreneurs from diverse sectors…
By Aymide Otitoju Three Union Bank customers have emerged as winners of brand-new tricycles in the second monthly draw of the Save & Win Palli Promo 4, the bank has announced. According to a statement from Union Bank, the draw took place at the Douglas Road branch in Owerri, Imo State, as part of the…
By Aymide Otitoju A widespread power outage has affected several embassies and residential estates in Abuja, following a technical fault on a feeder supplying the area, the Abuja Electricity Distribution Company (AEDC) confirmed. Among the diplomatic missions impacted are the embassies of the United States, Turkey, Cuba, Ethiopia, Iran, Liberia, Egypt, and Japan, along with…
By Ayomide Otitoju The naira appreciated by 0.16 per cent to ₦1,530.52/$ on Wednesday, up from ₦1,532.93/$ recorded in the previous trading session on the Nigerian Foreign Exchange Market. According to data from the Central Bank of Nigeria (CBN), the local currency traded as high as ₦1,545/$ and as low as ₦1,500/$, marking a decline…
