By Ayomide Otitoju Ecobank Nigeria, part of the pan-African Ecobank Group, has partnered with Opolo Global to empower Lagos schools through training and educational support as part of its annual Ecobank Day. This year’s event, themed “Ignite Learning with AI,” emphasized enhancing literacy, numeracy, and digital skills through Artificial Intelligence (AI) and focused on foundational…
By Ayomide Otitoju The World Bank has flagged the Nigerian National Petroleum Company Limited (NNPCL) for inconsistent and opaque financial reports submitted to the Federal Account Allocation Committee (FAAC), highlighting concerns in its recent Accelerating Resource Mobilisation Reforms (ARMOR) report. According to the report, the NNPCL’s lack of transparency has complicated oversight, undermining the federal…
Union Bank has introduced an enhanced five-month maternity leave policy and an on-site crèche facility, aiming to support work-life balance for both male and female employees. This development, disclosed in a recent statement provided to The PUNCH, extends benefits for working parents and sets a new standard in Nigeria’s banking sector. While the Nigerian Labour…
By Ayomide Otitoju Polaris Bank has clinched the title of ‘Digital Bank of the Year’ for the fourth consecutive year at the prestigious Banks and Other Financial Institutions (BAFI) Awards, underscoring its leadership in Nigeria’s digital banking sector. In a statement released on Sunday, Polaris Bank noted that the recognition highlighted its digital dominance, driven…
By Ayomide Otitoju Polaris Bank Limited, a top digital retail bank in Nigeria, has trained over 5,000 journalists nationwide through its annual media capacity-building workshops held over the past decade. The 2024 edition, conducted in a hybrid format on Thursday, centered on “Integrating AI Tools in Contemporary Media Practices for Innovation and Excellence.” Rasheed Bolarinwa,…
By Ayomide Otitoju FirstBank has addressed recent reports concerning a supposed system upgrade, clarifying that the message in question was directed exclusively to its vendors. In a statement, the bank explained that it is transitioning from its current I-Supplier platform to a new cloud-based platform, designed to enhance vendor management capabilities. This change, however, does…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has announced a strategic partnership with a local downstream company to establish a natural gas distribution facility in Kogi State, with a capacity of 100 million cubic feet per day (MMcfd). This initiative aims to bolster the country’s natural gas infrastructure and enhance domestic supply….
By Ayomide Otitoju First City Monument Bank (FCMB) has introduced the Fempreneur Accelerator programme, designed to provide financial and non-financial support to women in small and medium enterprises (SMEs) across Nigeria. The initiative is part of the bank’s SheVentures programme, created in partnership with Shecluded, a finance and capacity-building organization for female entrepreneurs. In a…
By Ayomide Otitoju Access Bank has unveiled its latest initiative, Power of 100 Africa, aimed at empowering 100 female entrepreneurs across 16 African countries. The announcement was made by the bank’s Deputy Managing Director, Chizoma Okoli, during a press conference in Lagos on Tuesday. Okoli highlighted the bank’s long-standing commitment to supporting women leaders on…
