FirstBank Celebrates Youth Week 2021

From showcasing of talents, to the art of fashion design, identifying youths in the food business and lots more, Nigeria’s leading financial services providers, First Bank of Nigeria Limited has reiterated its commitment to Youth Empowerment and Entrepreneurship through the celebration of its ongoing 2021 Youth Week. The Youth Week, themed “The Future is Now, Let’s Takeover” started on Monday, …

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Nnamdi Okonkwo debunks report of EFCC’s arrest over NDDC fraud

Nnamdi Okonkwo, the immediate-past chief executive officer of Fidelity Bank Plc and newly appointed group managing director of First Bank Holdings has debunked a report that he has been arrested by the Economic and Financial Crimes Commission (EFCC). Reports in the online media suggest that Okonkwo was picked up three days ago by the anti-graft agency and “has been providing …

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NDLEA Arrests Notorious Drug Dealer Behind London-Bound Multiple Consignments

A notorious drug dealer, Okoli Collins Ikenna, who is the mastermind of recent multiple attempts to export illicit drugs to London in the United Kingdom through the Murtala Muhammed International Airport, MMIA, and some courier companies in Lagos has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA. According to the agency’s spokesman, Femi Babafemi through a …

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Unity Bank Holds 7th Edition of Corpreneurship Challenge; Doles Out N10M Grant to Corp Members

Nigerian lender, Unity Bank Plc has handed out a total of N10 million in prize money as business grants to 30 NYSC members in the latest edition of its flagship Youth entrepreneurship and empowerment initiative, Corpreneurship Challenge held across ten states recently. The competition, already in its 7th edition, produced the 30 winners during the final business pitch for the …

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CBN spends N58.6m to print 2.5bn Naira notes

By Emma Ujah The Central Bank of Nigeria spent the sum of N58.618 million to print 2.518 billion Naira notes, valued at 1.063 trillion in, 2020. This was contained in the bank’s 2020 Currency Report posted on its website. It indicated a decrease in the bank’s expenditure on currency printing, which stood at N75.523 billion, in 2019 and N64. 040 …

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UBA’s Abiodun Coker buries grandmum in Lagos

Eminent personalities from all walks of life, on Friday, 22 October, 2021, converged in Lagos, for the burial ceremony of Mrs. Joanna Tokunbo, the grandmother of Abiodun Coker, a journalist, public relations expert and core member of the media relations department of United Bank for Africa (UBA). The late matriarch slept in the lord on September 23, 2021 at the …

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DMO to raise N250bn from Sukuk bond before year-end

By Elizabeth Adegbesan The Debt Management Office (DMO)   said it is set to issue a fourth Sovereign Sukuk bond this year for an amount of N200 – N250 billion to finance road projects across the country. Sukuk is the Arabic name for financial certificates, also commonly referred to as “sharia complaint” bonds. According to the Office, it has appointed Transaction Parties …

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Boosting SMES Growth Through FirstSME Account

First Bank of Nigeria Limited created FirstSME Account to add to its SME product family in support of small and medium scale business owners by sustaining and expanding their business. AMAKA IFEAKANDU looks at what the facility offers and how SMEs owners can key in to boost their businesses. There is no doubt that Small and Medium scale Enterprises (SMEs) …

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U.K. Eke Retires From FBN Holdings Amidst Encomiums…As Nnamdi Okonkwo Becomes New GMD

The board of FBN Holdings Plc (FBNHoldings) has appointed the immediate past managing director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo as its group managing director following the retirement of Mr. U.K. Eke, who has completed his two-term tenure.. Okonkwo’s appointment takes effect from January 1, 2022. Uke, according to the board, tendered his Notice of Retirement on August 10, …

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‘Nigeria’s oil reserves may last for only 49 years’

By Simon Okeke  The World Bank released a report titled “The Changing Wealth of Nations 2021” on Wednesday, which noted that the current Nigerian oil reserves would only last about 49 years unless new oil wells are discovered. “Oil-producing countries like Nigeria and Ecuador could entirely deplete their oil reserves in fewer than 50 years at current depletion rates, assuming …

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