Business - Page 32

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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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

NIMASA To Install Modular Floating Dock

Mohammed Shosanya The Nigerian Maritime and Safety Administration NIMASA has commenced preparations to deploy the Modular Floating Dock. On Tuesday,the agency moved the Floating Dock to a jetty at the Standard Flour

February 13, 2024

Business·Maritime

Naira Volatility: CBN Says Banks Will Fix Forex Rates

Mohammed Shosanya The Central Bank of Nigeria (CBN) has permitted banks to sell foreign exchange at rates determined by banks in the country. The Director, Financial Markets Department of the CBN, Dr

February 13, 2024

Banking&Finance·Business

CBN’s Interventions In Forex Stability Earns Nigerian Market $1bn,Says Cardoso

Mohammed Shosanya The Governor of the Central Bank, Yemi Cardoso, says $1bn has come into the Nigerian market in the past few days through the bank’s interventions in stabilizing foreign exchange rates

February 10, 2024

Banking&Finance·Business

Glo-MTN Settle Interconnect Debt Dispute

Mohammed Shosanya The Nigerian Communications Commission (NCC) has announced that the interconnect debt dispute between MTN Nigeria Communications Plc. (MTN) and Globacom Limited (Globacom) has been amicably settled. A statement on Thursday

February 8, 2024

Business·IT&Telecoms

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