Olam Agri, a leading agribusiness in food, feed, and fibre in Nigeria, is significantly expanding its Corporate Responsibility and Sustainability (CR&S) investment strategy to deepen its social, environmental, and economic development impact within the country. The company has committed to a four-year development plan, allocating approximately ₦6.5 billion to various CR&S initiatives. These initiatives are…
Union Bank, a leading financial institution in Nigeria, has been awarded the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification. This upgrade from the previous version 3.2 highlights the Bank’s commitment to the highest standards of data security and compliance with industry guidelines for preventing payment card fraud and unauthorized use. The PCIDSS…
By Ayomide Otitoju Access Holdings Plc has extended the acceptance period for its ongoing Rights Issue, moving the deadline from August 14, 2024, to August 23, 2024. This extension, approved by the Securities & Exchange Commission (SEC), comes in response to recent nationwide protests that have disrupted business operations across Nigeria. In a statement signed…
Nigeria’s external reserves have declined by 0.68 percent to $36.620 billion as of August 12, 2024, down from $36.872 billion recorded on August 7, 2024, according to data from the Central Bank of Nigeria (CBN). This drop follows a recent increase, where reserves rose to $37.88 billion on July 15, 2024, from $34.76 billion at…
By Ayomide Otitoju The Managing Director and Chief Executive Officer of Fidelity Bank, Dr. Nneka Onyeali-Ikpe, announced on Tuesday that the bank has successfully met and exceeded its capital-raise target from its recently concluded combined offer. This achievement follows the N127 billion rights issue and public offer, which commenced on June 20 and closed the…
Google on Tuesday unveiled its latest Pixel 9 smartphones, featuring advanced artificial intelligence (AI) capabilities designed to compete directly with Apple’s iPhone. The new Pixel devices aim to further integrate users into Google’s ecosystem, mirroring Apple’s strategy of tightly linking the iPhone with its App Store and services. The Pixel 9 models are equipped with…
By Ayomide Otitoju The Group Chief Executive Officer of the Nigerian National Petroleum Corporation Limited (NNPCL), Mr. Mele Kyari, has praised the military’s ongoing efforts in combating crude oil theft and pipeline vandalism, which have significantly contributed to the recent surge in the nation’s crude oil production. This commendation was made public in a statement…
The Central Bank of Nigeria (CBN) has reinstated the publication of several crucial economic reports as part of its commitment to transparency and accountability. The CBN’s Ag. Director of Corporate Communications, Hakama Ali, announced on Tuesday that reports including the Purchasing Managers’ Index (PMI), Business Expectation Survey (BES), Inflation Expectation Report, and other macroeconomic indicators…
The Lagos State High Court has declared the sale of a property used as collateral by the late Otunba Adedoyin Olayide Ogunde, a Union Bank customer, as fraudulent. Justice I.O. Harrison delivered the judgment in a case filed by the beneficiaries of Ogunde’s estate against Union Bank on May 31. Ogunde, who owned a valuable…
