By Ayomide Otitoju Wema Bank, Nigeria’s most innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has reaffirmed its dedication to empowering women-led businesses in the country. This reaffirmation was disclosed during the Bank’s announcement of its 80 years anniversary campaigns targeted at supporting and rewarding its existing and potential customers across…
By Ayomide Otitoju Nigeria’s indigenous telecommunications provider, Globacom, has reaffirmed its commitment to enhancing customer experience by expanding and upgrading its network infrastructure nationwide. In a statement, the company disclosed that it has been rolling out new sites and upgrading existing ones as part of an ongoing network improvement initiative that commenced last year. The…
By Ayomide Otitoju In a remarkable showcase of academic excellence and leadership potential, 15-year-old Ikenna Ikechukwu stepped into the role of Chief Executive Officer at MTN Nigeria for a day on Wednesday, February 19, 2025. The student from Glorious Covenant School, Rivers State, earned this prestigious opportunity after emerging as the champion of the 2024…
By Ayomide Otitoju Fidelity Bank Plc is on track to meet the Central Bank of Nigeria’s (CBN) recapitalization requirement well ahead of the March 31, 2026, deadline, following a highly successful capital-raising initiative. The bank’s first phase of capital raising saw overwhelming investor participation, with the combined offer—comprising a Public Offer and a Rights Issue—oversubscribed…
By Ayomide Otitoju The withheld funds, covering the period from 2012 to 2024, have significantly impacted the Federation Account, the central pool of funds allocated to federal, state, and local governments. The FAAC document revealed that the NNPCL recorded transactions worth N27.28 trillion from domestic crude sales within the review period. However, only N13.524 trillion…
By Ayomide Otitoju Guaranty Trust Holding Company Plc (GTCO), a leading financial services institution renowned for its innovative approach to corporate social responsibility (CSR) and stakeholder engagement, today announced the launch of its “Waste for Gas” project to improve quality of life for households and empower women in underserved communities. This transformative initiative aims to…
By Ayomide Otitoju Ecobank Nigeria has partnered with Code 14 Labs to enhance coding education for children across Nigeria, leveraging digital tools and interactive learning to prepare young minds for the future. The collaboration will provide widespread access to coding education through Code 14 Labs’ interactive workbooks, such as the Andrew Teaches coding workbook, alongside…
By Ayomide Otitoju The Federal Government of Nigeria is seeking $81 billion in compensation from cryptocurrency exchange Binance Holdings Limited over alleged economic losses linked to its operations in the country. The government claims that Binance operated in secrecy despite having a significant economic presence in Nigeria. It further accuses the company of violating financial…
By Ayomide Otitoju The Nigeria Customs Service Technical and Hangar Services Limited (NCT&HSL) held its inaugural Annual General Meeting (AGM) on Tuesday, February 18, 2025, bringing together stakeholders from the aviation, customs, and public sector logistics industries. The AGM was attended by senior officials from the Nigeria Customs Service (NCS), the Ministry of Finance Incorporated…
