Again, CBN Adjusts Exchange Rate to N1,413.62/$1

Amid stakeholders’ rejection of the N1,356.883 exchange rate, the Central Bank of Nigeria (CBN) on Saturday readjusted the exchange rate on the Customs platform to N1,413.62/$1. This review of the exchange rate came less than 24 hours after the CBN increased the exchange rate from N951.941/$1 in December to N1,356.883/$1 on Friday, February 2nd, 2023. It could be recalled that …

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Fidelity Bank supports Temile Development Company to boost Nigeria’s Gas Revenues

In what has been termed a significant milestone in the advancement of Nigeria’s domestic gas industry and the generation of gas revenues, Temile Development Company Ltd -a key indigenous player in the oil and gas industry- recently commissioned a 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) Carrier. Named ‘Alfred Temile 10’, the vessel was part-financed by leading Nigerian bank …

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Pioneering Feats of GOtv in the Nigerian DTT market

GOtv, a digital terrestrial television (DTT) service provider, has been a pioneering force in the Nigerian DTT market, revolutionising how Nigerians access and enjoy television content. Since its introduction, GOtv has achieved several groundbreaking feats, shaping the landscape of digital television in the country. Here are remarkable feats the brand has achieved over the years. Affordable Digital TV Access: GOtv …

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Emir Endorses The Alternative Bank in Kano

The arrival of Nigeria’s largest ethical bank, The Alternative Bank, has been endorsed by the Emir of Kano, Alhaji Aminu Ado Bayero, as the bank opens its first stand-alone branch in the ancient city. The Emir made the remarks during the launch of the bank, describing it as a transformative force that will significantly impact individuals and businesses in the …

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Fintech Guru, Jesam Micheal Opens Biggest Apple Store In Africa, Reveals Why

It was glitz and glamour as Jesam Micheal, the CEO of Afriq Arbitrage System, a Fintech Expert cum entrepreneur genius opened the biggest apple store in Africa amidst pomp and pageantry in Lagos on Saturday, 27th Of December, 2024 known as The Afriq JM Apple Store. The colourful celebration paraded an array of traditional rulers, top tech gurus and investors …

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Sack CBN Governor, Declare State of Emergency On Forex, 100 CSOs Tell Tinubu

…threatens mass action if Cardoso fails to vacate office within 72hrs As many as 100 non-governmental organizations, under the aegis of Economic Freedom Fighters, Nigeria (EFFN), have demanded that President Bola Ahmed Tinubu immediately sack the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso for his ineptitude and lack of direction and to also declare a state …

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Fidelity Bank to Promote young Writers Nationwide with Its Read2Lead Initiative

As part of its Corporate Social Responsibility (CSR) initiatives designed to empower Nigerian youths with quality education, leading financial institution, Fidelity Bank Plc, has launched a creative writing competition for secondary school students dubbed Read2Lead. Themed Read2lead, the three-stage competition would see secondary school students hone their reading and writing skill while competing for millions of naira in cash rewards, …

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32-yr-old Providus Bank staff commits suicide

Uneasy calm pervaded one of the first-generation banks in the Ikorodu area of Lagos State, following the recovery of the lifeless body of one of the members of staff, on the floor of the bank’s toilet. The deceased, identified as Amarachi Ugochukwu, was said to have committed suicide. A suicide note and an empty can of insecticide she was suspected …

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EFCC Seeks Help Of Zenith, Providus, Jaiz Banks In Humanitarian Affairs Ministry Probe, Receives Records

The Group Managing Directors (GMDs) of Zenith, Providus and Jaiz banks, on Tuesday, honoured the invitation by the Economic and Financial Crimes Commission (EFCC), to hand over documents relating to accounts operated by the Ministry of Humanitarian Affairs to the anti-graft agency. A source from the Agency confirmed that the bank Czars, departed the Abuja headquarters of the anti-graft agency …

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