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 …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading

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 …

Continue Reading

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) …

Continue Reading

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, …

Continue Reading

‘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 …

Continue Reading

‘Why many are denied Canadian visa‘

By Josephine Agbonkhese Lack of consistency in field of study, poor proofs of tie to home country, random cash deposits to bank account, as well as weak employment status, have been given as some of the reasons many Nigerians seeking Canadian Visas are denied their applications. Reeling out these was Angela Ogundele, CEO, HisCharis Immigration Citizenship Service, while speaking at the …

Continue Reading

Consumer protection agency bill scales second reading at Lagos Assembly

Members of the Lagos State House of Assembly on Tuesday intensified moves to repeal the State’s Consumer Protection Agency law and replace it with an amended version that is more people-friendly and aimed at strengthening the rights of residents. The bill, which also aims to eliminate substandard and hazardous products the state, scaled second reading with Speaker of the House, …

Continue Reading

FirstBank Partners NIBSS to Drive Digital Payment Convenience with Nigeria Quick Response (NQR)

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services organisation has announced its partnership with Nigeria Inter-Bank Settlement System plc (NIBSS) on its recently launched Nigeria Quick Response (NQR) Payment Solution. The NQR is an innovative payment option implemented for all financial service providers and designed to promote quick and fast transactions by scanning the code on …

Continue Reading