The Alternative Bank Fosters Rural Economic Growth in Katsina

The Katsina State Government via the State Governor, His Excellency, Dikko Radda, has aligned with The Alternative Bank’s mission to support rural economies through innovative financial solutions, tailored to empower local businesses and stimulate sustainable development across the state. This official endorsement marks a significant milestone for The Alternative Bank as it embarks on a new chapter in Katsina with …

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Olukoyede Charges Banks’ CEOs to Play by the Rules in Fight Against Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has called on Chief Executive Officers, CEOs of banks across the country to always abide by extant regulations and rules in their practices as effective means of tackling economic and financial crimes and other acts of corruption. He stated this in Abuja on Tuesday, February 20, 2024, while …

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Zenith Bank DMD, Adaora Umeoji, Receives Humanitarian Services Icon Of The Year Award At The Sun Awards 2023

Dame (Dr.) Adaora Umeoji, OON, the Deputy Managing Director of Zenith Bank Plc, has emerged winner of The Humanitarian Services Icon of the Year Award 2023 at The Sun Awards 2023, which took place on Saturday, February 17th, 2023 at Eko Hotels & Suites, Lagos. In the award citation, Dame (Dr.) Adaora Umeoji, OON, was recognized not just for her …

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SBC’s Scale-Up Bootcamp: Equipping SMEs For Economic Growth 

Small and medium-scale enterprises are projected to contribute 49.5% to Nigeria’s GDP in 2024, which is an indication that Nigerian SMEs are in for another impactful year. In 2023, the sector performed incredibly well, as it contributed 45% to the Gross Domestic Product of the country. That SMEs are the major drivers of economic growth cannot be overstated. However, in …

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Nifemi Temiloluwa Eitaio-Alao: A Journey of Entrepreneurial Success

In the heart of Nigeria’s bustling city of Ilorin, Kwara State, Nifemi Temiloluwa Eitaio-Alao, affectionately known as “Omo Afonja” and “Flawless” during his university days, embarked on a journey that would see him rise to the pinnacle of entrepreneurial success. His academic pursuit in Accounting at the University of Ilorin, followed by an MBA in Finance from Ladoke Akintola University, …

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EFCC arrests Ecobank staff, POS agent for currency racketeering

Operatives of the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested a banker, Soberechukwu Inya Ewa and a Point of Sales, POS, cashier, Azubuike Mamwu Obasi for allegedly selling new naira notes to customers for commercial purposes. A statement issued by the EFCC’s spokesman, Dele Oyewale, said the suspects were arrested in the early …

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FG summons Dangote Plc, BUA Plc, Larfarge, others over escalating cement prices

The Federal government has said it cannot fold its arms and see the price of cement spiralled out of control. The Minister of Works, David Umahi has summoned cement manufacturers to a meeting on Monday to examine the issues surrounding the latest development. According to a statement by the Special Adviser to the Minister, Edward Uchenna Orji, the Minister was …

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EFCC Arraigns Ibadan Business Woman for N58m Alleged Fraud

The Ibadan Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arraigned Ajayi Oluwabukola Temitope before an Oyo State High Court for allegedly obtaining N58,458,000.00 (Fifty-Eight Million, Four Hundred and Fifty-Eight Thousand Naira) by false pretence from her victims. She was arraigned on Wednesday, February 14, 2024, before the court presided over by Justice Kamorudeen Babatunde Olawoyin, on a …

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NASRE joins access Bank holdings to mourn Herbert Wigwe

In a somber announcement, Access Holdings Plc is grappling with the untimely passing of its Group Chief Executive Officer, Dr. Herbert Wigwe, CFR, along with his wife and son. The tragic incident occurred in a helicopter crash in the United States of America. The Nigerian Association of Social and Resourceful Editors (NASRE) expresses profound condolences to the bank. In a …

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Naira appreciates against US dollar at forex market amid CBN’s interventions

The Naira appreciated against the US dollar on Thursday amid the Central Bank of Nigeria’s recent interventions. Data from FMDQ showed that the Naira appreciated to N1,498.25 per US dollar on Thursday from N1,503.38 on Wednesday. This represents an N5.13 or a 0.3 per cent increase compared to N1,503.38 recorded at the close of trading on Wednesday. Meanwhile, at the …

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