United Bank for Africa Plc has pledged to work with the Economic Community of West African States on implementing initiatives that will attract investment and sustainable development into the sub-region’s mining and oil sectors. According to a statement from the bank on Monday, the pledge was made at the just concluded fourth ECOWAS Mining and…
… Nigerian Affiliate wins Best FX Bank in the country Ecobank, the leading pan-African Banking Group, proudly announces that it has won the esteemed Best Bank for SMEs in Africa 2024 award in Global Finance’s annual SME Bank Awards. The win reflects Ecobank’s unwavering commitment to meeting the specialised needs of SMEs across its diverse…
In furtherance of its commitment to collect and recycle a bottle or can for each one introduced into the market for recycling or reuse by 2030, Nigerian Bottling Company Ltd recently inaugurated recycling banks in Lagos and Abuja. In a statement, the company noted that the neighbourhood-based recycling bank in Ifako-Ijaiye housing estate, Agege, was…
First City Monument Bank (FCMB) marked the 2024 Valentine’s Day with hundreds of visually-impaired students and adults at schools and centres in Lagos, Nigeria. In a statement from the bank, it was revealed that the initiative, titled: ‘A Different Kind of Love,’ reflected FCMB’s dedication to inclusivity and empowerment. At the Federal Nigeria Society for…
Nigeria’s foremost carrier, Air Peace Limited has announced that it would offer Nigerians studying in the UK special fares as it commences Lagos-London flight from March 30, 2024. Chairman and CEO of Air Peace, Dr Allen Onyema made this known on Thursday in Lagos during the airline’s engagement session with travel agents. Onyema who unveiled…
The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, says no public wealth creation endeavour can achieve any meaningful success without energy security. He stated this in a presentation at the Ministry of Finance Incorporated Public Wealth Management Conference in Abuja on Tuesday, according to a statement issued by NNPCL spokesperson, Olufemi…
Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse Zone 4, Malam Ibrahim, confirmed the rates on Monday. He said, Yes it is true, we are currently selling above N2,000 for the pounds and it is still about the…
First City Monument Bank has complied with the Abuja Court of Appeal’s order directing it to deposit the N540m awarded as damages to the General Overseer of Divine Hand of God Prophetic Ministry, Emmanuel Omale, into an interest-yielding account held by the Chief Registrar of the court. The appellate court in a letter addressed to…
The naira on Friday depreciated to N1,640 per dollar in the parallel market from N1,595 per dollar on Thursday. Similarly, the naira on Friday depreciated to N1,537.96 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,537.96 per dollar from N1,498.25 per…
