Oluwakemi Abimbola
Sterling Bank honoured for MSME impact
Sterling Bank Limited has emerged multiple award winner at the fourth Development Bank of Nigeria Service Ambassadors Award Ceremony and Dinner recently held in Lagos. A statement from the bank on Wed...
30th August 2024
Fidelity Bank trains 1,276 women in digital skills
Fidelity Bank Plc has partnered with ImpactHER to host another round of free digital and artificial intelligence skills training for businesswomen. The training, organised by ImpactHER, was held for...
30th August 2024
30 million Nigerians have credit scores – CRC Credit Bureau
The leading credit bureau in Nigeria, CRC Credit Bureau, has revealed that over 30 million Nigerians now have credit scores from its repository. In a statement on Thursday, CRC Credit Bureau said the ...
30th August 2024
Professionals urge businesses to embrace innovation at UBA summit
Experts at the quarterly Business Series of United Bank for Africa on Thursday highlighted innovation, persistence and regular assessment as key factors in building a business that lasts. The special ...
30th August 2024
FG establishes committee on risk management
The Federal Government has established a committee to assess and manage the various risks confronting the country. This initiative was announced by the Managing Director/Chief Executive Officer of the...
30th August 2024
Govs' jobs bazaar: States’ wages rise by N900bn
Amid calls by Nigerians for a lower cost of governance, the personnel costs of the 36 states in Nigeria for the 2024 financial year have hit N2.76tn, an analysis of the budgets by The PUNCH has reveal...
30th August 2024
Citibank appoints Nneka Enwereji as CEO
Citibank Nigeria Limited has appointed Nneka Enwereji as its Managing Director/Chief Executive Officer. In a statement issued by the Head of Public Affairs, Nigeria and Ghana Global Communications Ent...
29th August 2024
Currency outside banks drops to N3.66tn — CBN report
Currency held outside of Nigeria’s banking system dropped to N3.66tn in July, about 3.32 per cent lower than it was in the previous month. This was disclosed in Money and Credit data available o...
29th August 2024
Mpox may affect Nigerian, African economies – Fitch
International credit rating firm, Fitch Ratings, has said that the Mpox outbreak may hurt the economic activities of African countries and weaken their fiscal positions. In a commentary released on We...
29th August 2024
100 businesses to exhibit at Ecobank’s ‘Oja Oge’
Over 100 fashion, beauty and lifestyle businesses from across the country have indicated interest and readiness to showcase their wares at the maiden edition of the ‘Oja Oge’ pop-up marketplace or...
29th August 2024
TGI Foods SPV launches N25bn commercial papers
TGI SPV Plc, the special purpose vehicle established by the Tropical General Investments Group, has launched N25 billion Series 1 and Series 2 Commercial Papers. According to the firm, the issuance is...
29th August 2024
Bankers’ Committee completes National Theatre renovation
The Bankers’ Committee has announced the completion of the renovation and upgrading of facilities at the National Theatre in Lagos. In a statement issued on Wednesday, it was revealed that the renov...
29th August 2024
Parthian Partners gets global recognition
Non-banking financial institution, Parthian Partners Limited has emerged as the ‘Inter-dealer Broker of the Year 2024 (Nigeria)’ at the recently held International Investor Awards. The Internation...
29th August 2024
Recapitalisation: ASHON accuses banks of sidelining stockbrokers
The Association of Securities Dealing Houses of Nigeria has accused banks of bypassing licensed stockbrokers as receiving agents in the fresh recapitalisation exercise. In a statement jointly signed b...
28th August 2024
Inflation, high interest dangerous to economic growth – Analysts
Analysts have said that the multiple factors of persistent inflation, a high interest rate environment and unemployment have eroded the potential benefits of the growth in Gross Domestic Product to 3....
28th August 2024
UBA SME workshop focuses on building generational businesses
The United Bank for Africa has said that the next edition of its Business Series would be focused on building businesses that survive generations. In a statement on Tuesday, the financial institution ...
28th August 2024
OPay unveils ‘Nightguard’ to strengthen customer fund safety
Leading financial technology firm, OPay, has introduced a new feature, Nightguard, to provide an extra layer of security for customers’ funds. This was disclosed in a statement issued to The PUNCH o...
27th August 2024
Two directors join BDAN board
The Bank Directors Association of Nigeria has introduced two new directors to its board of directors following the retirement of three directors by rotation. This is as the association also reported a...
27th August 2024
Olam Agri unveils water project to drive food security
Agribusiness, Olam Agri, has launched a water project to improve food security and support the country’s rural water, sanitation, and hygiene policy. In a statement made available to The PUNCH on Mo...
27th August 2024
Service sector drives GDP growth to 3.19%
The improved performance of the services sector boosted Nigeria’s Gross Domestic Product to 3.19 per cent in the second quarter, higher than 2.51 per cent in the corresponding period of 2023. On a q...
27th August 2024
CBN lifts suspension on standing lending facility
The Central Bank of Nigeria has announced the lifting of the suspension on its Standing Lending Facility for authorised dealers. Standing Facilities are used by the Central Bank in the framework of th...
26th August 2024
Nigeria's GDP grows by 3.19% in Q2
The Gross Domestic Product of Nigeria grew by 3.19 per cent in the second quarter of 2024 driven by growth in the Services sector. According to the GDP report released by the National Bureau of Statis...
26th August 2024
FX turnover hit $7.4bn in July – Report
The foreign exchange turnover in July stood at N11.48tn ($7.39bn) at the official trading window for the Nigerian currency, which was higher than the N10.01tn that was traded in the previous month. Th...
26th August 2024
FCMB, others plan to boost non-oil export trade
Stakeholders at the sixth non-oil seminar organised by the First City Monument Bank have called for urgent and bold actions to transform Nigeria’s non-oil sector into the primary driver of economic ...
26th August 2024
CBN, SEC okay Ecobank custody business
Ecobank Nigeria Limited has received approvals from the Securities and Exchange Commission and the Central Bank of Nigeria for the launch of its custody business operations in the country. In a statem...
26th August 2024
FirstBank sponsors VVF surgeries for 600 women
FirstBank has provided support for 600 women affected by Vesicovaginal Fistula in Jigawa and Plateau States to undergo surgery and provided aftercare kits for them. A statement from the bank on Sunday...
26th August 2024
Insurance shareholders demand clear recapitalisation roadmap
Unlike previous efforts to increase capital in the insurance industry, where resistance has been evident, stakeholders have reached a consensus on the necessity of injecting fresh capital into the sec...
26th August 2024
FCMB Pension boss elected new PenOP president
The Managing Director/Chief Executive Officer of FCMB Pension Limited, Christopher Bajowa, has been elected the new President of the Pension Fund Operators Association of Nigeria. A statement from the...
26th August 2024
Stakeholders laud NAICOM for managing ailing insurance firms
Some insurance stakeholders have commended the National Insurance Commission for managing ailing firms in the sector. In separate chats with The PUNCH, the stakeholders noted that the decision of the ...
26th August 2024
Afreximbank facilitates $650m for Oando’s acquisition of NOAC
The African Export-Import Bank has revealed that it facilitated $650m for Oando’s acquisition of the 100 per cent stake in the Nigerian Agip Oil Company Ltd. In a statement on Friday, the continenta...
24th August 2024
Restructuring at Daar Communications overdue – Dokpesi
The Chairman of the Board of Directors of DAAR Communications Plc, Raymond Dokpesi Jr, has said that the recent retirement from the management team of the company was long overdue. He said this in an ...
23rd August 2024