Business - Page 29

Access Bank Partners AfriGOpay To Strengthen Nigeria’s Payment Ecosystem

Mohammed Shosanya Access Bank has partnered with AfriGOpay, a financial services business affiliated with the Nigeria Inter-Bank Settlement System (NIBSS) to launch the first Nigerian national domestic card designed to meet the

March 30, 2023

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Nigeria’s Overseas Remittances Hit $1.3bn-CBN

Mohammed Shosanya The Central Bank of Nigeria (CBN),says there was a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas

March 10, 2024

Banking&Finance·Business

Customs Begins Auction Of Seized Food Items

Mohammed Shosanya The Nigeria Customs Service on Tuesday commenced sale of seized food items to vulnerable Nigerians to address hunger across the country. The Comptroller General of the Service, Adewale Adeniyi stated

March 5, 2024

Business·Maritime

Investors Oversubscribed 1trn OMO Bills -CBN

Mohammed Shosanya The Central Bank of Nigeria (CBN),has concluded sales of government securities, issuing N1.053 trillion (USS680 million) in short-term instruments as part of its liquidity management exercise. The apex bank offered

March 4, 2024

Banking&Finance·Business

CPPE Seeks Review Of Expatriate Employment Policy

Mohammed Shosanya The Centre For The Promotion of Private Enterprise,has advocated the need for the Federal Government to review to review of Expatriate Employment Level it introduced to promote the localization of

March 4, 2024

Business·SME/Manufacturing

Minister Scores NDIC High On Depositors’ Protection

Mohammed Shosanya The Minister of State for Youth Development, Mr Ayodele Olawande,has commended the Nigeria Deposit Insurance Corporation (NDIC) for its significant achievements in safeguarding depositors from the adverse impacts of bank

March 4, 2024

Business·Insurance&Pension

Forex Crisis:CBN Revokes Licenses Of 4,173 BDCs

Mohammed Shosanta The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change Operators in the country. The apex bank accused the affected institutions failed to observe regulatory

March 2, 2024

Banking&Finance·Business

Verod Diversifies,Invests In i-Fitness

Mohammed Shosanya Verod, a leading prominent African investment management firm specialising in private equity and venture capital, has invested in i-Fitness,West Africa’s largest and fastest-growing fitness chain. The latest investment is the

February 29, 2024

Brands&Marketing·Business

Nigerian Breweries Plc, says it has no intent to exit Nigerian market despite the current economic downturn and continued rising costs of inputs.

The Head of Media and Marketing, NB, Wasiu Abiola,who disclosed this in Lagos at a media parley,said the company is taking a bet on the Nigerian Market. “We have been here for

February 26, 2024

Business·SME/Manufacturing

Mainstream Foundation Flaunts Scorecard 7years After Creation

Mohammed Shosanya For Mainstream Foundation, the humanitarian arm of Mainstream Energy Solutions Limited (MESL), seven years of its creation represents a period of stocktaking of its value addition in its key intervention

February 25, 2024

Brands&Marketing·Business

CBN Will Strengthen Naira Soon-Cardoso

Mohammed Shosanya The Central Bank of Nigeria has begged Nigerians to be patient as the management of the apex bank is doing everything possible to ensure that Naira is strengthened. Governor of

February 22, 2024

Banking&Finance·Business

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