By Ayomide Otitoju FirstBank has strongly refuted recent allegations of fraud linked to a lawsuit filed by Dr. Agbai Eke, emphasizing that the claims are baseless and misleading. In a statement addressing a publication by ThisDay Newspaper, Arise Television, and a circulating video on the matter, the bank clarified that its internal findings point to…
By Ayomide Otitoju The Nigerian Senate on Thursday passed a vote of confidence in Senate President Godswill Akpabio following a motion moved by Senate Leader Opeyemi Bamidele. The motion, raised under Orders 40 and 51, sought to clarify recent controversies surrounding the upper chamber while emphasizing the need for adherence to legislative rules and a…
By Ayomide Otitoju Wema Bank has reiterated its commitment to advancing gender equality, financial inclusion, and women’s empowerment through innovation and technology. Speaking at the bank’s International Women’s Day (IWD) 2025 event in Lagos, themed Harnessing Innovation & Technology to Accelerate Financial Inclusion for Women, Managing Director and Chief Executive Officer, Moruf Oseni, highlighted the…
By Ayomide Otitoju First City Monument Bank (FCMB) has equipped 44,278 entrepreneurs with critical business skills through its Business Empowerment Sustainability and Training (BEST) masterclass program, aimed at fostering long-term success for small and medium enterprises (SMEs). According to a statement from the bank on Wednesday, the nationwide initiative has provided financial and non-financial support,…
By Ayomide Otitoju Stanbic IBTC Asset Management, the manager of the Stanbic IBTC Infrastructure Fund, has partnered with SIFAX Group of Companies Limited to develop an ultra-modern port terminal in Ijora, Lagos. In a statement on Tuesday, the fund announced its collaboration with SIFAX Shipping ICT Limited, a subsidiary of SIFAX Group, to execute the…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has announced that reforms in the oil and gas sector, spearheaded by the enactment of the Petroleum Industry Act (PIA) 2021 and Executive Orders issued by President Bola Tinubu, attracted approximately $17 billion in foreign investment in 2024. The Executive Vice President of Upstream at…
By Ayomide Otitoju Access Bank PLC has successfully hosted the inaugural Africa Trade Conference in Cape Town, South Africa, bringing together industry leaders, policymakers, and trade experts to address critical challenges and develop solutions for accelerating intra-African trade. The conference focused on key obstacles hindering trade within the continent, including limited access to capital, market…
By Ayomide Otitoju United Bank for Africa (UBA) Plc is set to host its first Business Series of the year on Thursday, March 13, 2025, in celebration of International Women’s Day (IWD). Themed “Against All Odds: The Impact of Women,” the event will highlight the resilience, achievements, and contributions of women across various sectors. The…
By Ayomide Otitoju As Nigeria grapples with economic challenges, telecom companies have adjusted tariffs to reflect rising operational costs. The Nigerian Communications Commission (NCC) approved a 50% tariff increase in February, following calls from industry leaders like Karl Toriola of MTN, who had advocated for a 100% hike due to rising expenses. However, indigenous telecom…
