By Ayomide Otitoju Yemisi Edun, Managing Director of First City Monument Bank (FCMB), has disclosed that Nigeria needs an annual investment of $100 billion to address its growing infrastructure deficit. She made this statement at the 17th Annual Banking and Finance Conference in Abuja, emphasizing the critical need for increased financing to bolster key sectors…
By Ayomide Otitoju LOTUS Bank Limited, a leading non-interest bank, has launched a new branch in Lekki to improve access to its banking services for customers in the area. In a statement, the bank highlighted the strategic importance of the new location, aimed at serving the rapidly growing community in Lekki and surrounding regions. “We…
By Ayomide Otitoju MTN Nigeria Communications Plc and Airtel Nigeria collectively earned about N3.67 trillion from their data and voice services in the first half of 2024, according to an analysis of their financial results. MTN, Nigeria’s largest telecom operator with nearly 80 million subscribers, reported a total revenue of N1.27 trillion for the first…
By Ayomide Otitoju Zenith Bank, a leading financial institution in Nigeria, has fully restored its electronic transaction channels, ensuring customers can now access seamless digital banking services. The restoration comes after temporary disruptions due to a routine upgrade of the bank’s technology infrastructure, which was intended to optimize service delivery but affected e-channel services. In…
By Ayomide Otitoju In a bid to enhance revenue collection in Anambra State, Fidelity Bank Plc has donated 10 units of tax booths to the Anambra State Internal Revenue Service (AIRS). Dr. Nosa Orumwense, Regional Bank Head in Awka, emphasized that the donation reflects the bank’s commitment to providing innovative solutions for its customers. “For…
By Ayomide Otitoju Access Bank has announced a temporary service shutdown for a system upgrade aimed at enhancing customer experience. In an email sent to customers on Tuesday, the bank stated that the upgrade would be conducted in phases, starting on Saturday, October 12, at 10:00 p.m., and concluding on Sunday, October 13, at 6:30…
Aliko Dangote, Chairman of Dangote Refinery and Petrochemicals Company Limited, has urged Nigeria to boost its crude oil production capacity and efficiently manage its crude supply to support domestic refineries, positioning the country as a net exporter of petroleum products. Dangote made these remarks during a keynote address at a summit organized by the Crude…
By Ayomide otitoju Retail outlets of the Nigerian National Petroleum Company Limited (NNPCL) raised petrol prices on Wednesday, triggering panic buying and long queues across Lagos and Abuja. The price adjustment, which saw petrol rise to ₦998 per litre in Lagos and ₦1,030 in Abuja, has left motorists scrambling to fill their tanks. In Lagos,…
By Ayomide Otitoju Lotus Bank has announced its sponsorship of the Nigerian Medical Students Association (NIMSA) Games, emphasizing its commitment to youth development, health, and sportsmanship across Nigeria. The NIMSA Games, which began on Saturday, features student registration and will gather medical students from various institutions nationwide. The event aims to promote friendly competition while…
