First City Monument Bank (FCMB) has disbursed over N40 billion in digital loans between January and August 2024, according to the bank’s Divisional Head of Personal Banking, Adetunji Lamidi. In a statement on Monday, Lamidi highlighted the impact of the bank’s FastCash loan product in helping thousands of Nigerians address short-term financial needs. “From January…
By Ayomide Otitoju Fidelity Bank Plc has donated maternity kits to pregnant women in Aiyetoro, Yaba LCDA, Lagos State, as part of its Corporate Social Responsibility (CSR) efforts under the Fidelity Helping Hands Program (FHHP). This initiative, led by the Crestcore Inductees Class, highlights the bank’s commitment to supporting local communities. During a handover ceremony…
Dangote Cement Plc is set to launch a multi-million naira skills development centre in Lokoja, Kogi State, as part of its ongoing commitment to youth empowerment and regional economic growth. The project, spearheaded by Dangote Group President Aliko Dangote in collaboration with the Kogi State government, is expected to be completed in the coming months….
The African continent is experiencing a technological revolution, with mobile devices at the forefront, dramatically reshaping sectors like the rapidly expanding iGaming industry. As smartphones become more prevalent, they are transforming accessibility, user engagement, and the overall growth of the gaming market. Mobile Technology’s Rise in Africa Africa’s mobile phone market is one of the…
Muda Yusuf, Chief Executive Officer of the Center for the Promotion of Private Enterprise (CPPE), has expressed concern over the Nigerian National Petroleum Company Limited’s (NNPCL) apparent lack of enthusiasm for the Dangote Refinery. Yusuf, speaking on Channels Television’s Business Morning segment of the Sunrise Daily program, described the situation as troubling. “I am worried…
By Ayomide Otitoju Brompton City, a visionary real estate development, is setting new standards for modern living by fostering social cohesion, accessibility, and sustainability. Located just five minutes from the renowned Abraham Adesanya Estate and adjacent to Lekki Phase 2 in Ajah, Lagos, this development seamlessly blends eco-friendly design with cutting-edge urban planning. Natural Lake…
By Ayomide Otitoju Stanbic IBTC Holdings Plc reported a significant 71% jump in profit after tax to N116.36 billion in the first half of 2024, up from N67.92 billion in the corresponding period of 2023. The figures were disclosed in the bank’s consolidated and separate financial statements for the six months ended June 30, 2024,…
The Trade Union Congress (TUC) has urged the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) to grant the Nigerian National Petroleum Company Limited (NNPCL) a special foreign exchange rate to reduce fuel costs. According to the TUC, if NNPCL were given a special rate of around ₦1,000/$ instead of the official…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) and Chevron Nigeria Ltd. have successfully completed the conversion of five joint venture assets in alignment with the Petroleum Industry Act (PIA) of 2021. The milestone is expected to significantly boost crude oil production, with a target of 165,000 barrels per day by the end…
