By Ayomide Otitoju Access Holdings Plc has announced that its subsidiary, Access Bank Plc, has obtained a provisional license from the Bank of Namibia to establish a commercial bank in the country. In a statement filed with the Nigerian Exchange Limited on Monday, Access Bank’s Managing Director and CEO, Roosevelt Ogbonna, hailed the move as…
By Ayomide Otitoju Stanbic IBTC Pension Managers has unveiled plans to award N50 million to winners of its upcoming FUZE 3.0 talent show. The announcement was made by the Executive Director of Business Development, Nike Bajomo, during a media parley for the FUZE festival in Lagos. Bajomo explained that the event, which celebrates technology, fashion,…
By Ayomide Otitoju First City Monument Bank (FCMB) has reiterated its commitment to enhancing customer satisfaction through technology-driven solutions as it celebrates the 2024 Customer Service Week from October 7 to 11. In a statement on Monday, the bank highlighted the global theme of this year’s celebration, “Above & Beyond,” which underscores FCMB’s dedication to…
By Ayomide Otitoju As part of its 25th anniversary celebrations, Standard Chartered Bank Nigeria has rewarded 55 loyal customers during its Member Get Member (MGM) payout ceremony held in Lagos. In a statement on Monday, the bank explained that the MGM campaign, which is a key part of its Affluent Banking Referral Campaign, encouraged existing…
Nigeria has officially commenced the sale of crude oil and refined petroleum products in naira, a move aimed at boosting the economy and reducing reliance on foreign currency transactions. The initiative, which began on October 1, was confirmed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, following a Federal Executive…
By Ayomide Otitoju FirstBank has fully restored services on its mobile banking platform, Firstmobile, following a brief downtime earlier this week. The service disruption occurred due to an upgrade aimed at enhancing the application’s functionality. In a statement, the bank reassured customers that Firstmobile is now fully operational, emphasizing its commitment to providing seamless and…
By Ayomide Otitoju Access ARM Pensions Limited has officially commenced operations with N3 trillion in Assets Under Management (AUM), following the merger of Access Pensions Limited and ARM Pension Managers Limited. The announcement was made on Thursday, with the newly formed entity aiming to expand pension coverage across Nigeria, particularly within the vast informal sector….
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) has announced a commitment of 272,500 barrels per day of crude oil through a series of crude-for-loan agreements totaling $8.86 billion. This commitment translates to approximately 8.17 million barrels of crude being allocated monthly for various loan arrangements. According to an analysis by the Nigeria…
The Federal Government has introduced two major fiscal incentives aimed at revitalizing Nigeria’s oil and gas sector and boosting foreign investment. The incentives were announced on Wednesday by Wale Edun, Minister of Finance and Coordinating Minister of the Economy, as part of ongoing efforts to enhance the sector’s competitiveness on the global stage. According to…
