By Ayomide Otitoju The Central Bank of Nigeria (CBN) has reaffirmed that all versions of the naira, including both old and new designs of the ₦1,000, ₦500, and ₦200 denominations, as well as the commemorative and previous designs of the ₦100 note, remain valid and continue to function as legal tender indefinitely. In a statement…
By Ayomide Otitoju First Bank of Nigeria Limited, widely known as FirstBank, has issued a strong denial regarding recent fraud allegations published by Tech Cabal, labeling the claims as entirely unsubstantiated and lacking factual evidence. Established in 1894, FirstBank stands as West Africa’s premier bank and a leading provider of financial inclusion services across the…
By Ayomide Otitoju Fidelity Bank Plc, a leading financial institution, recently hosted its loyal customers to a star-studded evening of entertainment, fine dining, and elegance at its Customer Appreciation Party, themed “Winning Together.” The event, held on Saturday, December 7, 2024, at the Fidelity Oniru Grounds in Lekki, Lagos, attracted an array of distinguished guests,…
By Ayomide Otitoju Access Bank Plc has announced a binding agreement for the acquisition of a 100% equity stake in Bidvest Bank Limited from South African-based Bidvest Group Limited. The news, confirmed in an official statement, marks a significant step in Access Bank’s strategy to enhance its presence in South Africa and reinforce its position…
By Ayomide Otitoju The management of Dangote Cement Plc in Ibese, Ogun State, has awarded scholarships totaling N16,215,000 to 120 indigent students as part of its 2024 Community Day celebrations. This initiative underscores the company’s commitment to enhancing the lives of residents in its host communities, which it regards as essential partners in fostering economic…
By Ayomide Otitoju Shareholders of United Bank for Africa (UBA) have reaped substantial rewards, enjoying capital gains of 375 percent over the past five years, according to official data from the Nigerian stock market. Investors in UBA have realized an impressive average annual return of approximately 75 percent, underscoring the bank’s status as a high-yielding,…
By Ayomide Otitoju Access Holdings Plc has officially launched Access Bank Malta Limited, a wholly owned subsidiary of Access Bank UK Limited. This strategic initiative aims to bolster trade connectivity between Europe and Africa, furthering the group’s expansion goals. In a corporate notice filed with the Nigerian Exchange (NGX) on Wednesday, company secretary Sunday Ekwochi…
By Ayomide Otitoju Accion Microfinance Bank has announced ambitious plans to provide approximately N60 billion in loans to micro, small, and medium enterprises (MSMEs) across Nigeria by 2025. This projection was shared by Taiwo Joda, the Managing Director and Chief Executive Officer of Accion Microfinance Bank, during a conversation with journalists after the bank’s annual…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has revealed the discovery of 34 illegal refineries and 17 unauthorized pipeline connections in the Niger Delta region within one week, as part of its ongoing “War on Crude Oil Theft” initiative. In a documentary released on its official YouTube channel, NNPCL detailed operations carried…
