With growing concern over the participation of women in the tech industry, it has become imperative to establish a roadmap that will help draft more women into the sector. Speaking recently at the 2022 edition of SheCan Conference in Lagos, the Chief Digital Officer of Wema Bank Plc, Mr Olusegun Adeniyi identified various areas where women can take part in …
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The FirstGem fund (FirstGem loan) is a single-digit loan scheme, exclusively designed to put women at an advantage in contributing to the socio-economic development of the country. The loan scheme covers female-owned or partnered SMEs in various sectors of the economy. Launched in 2016, FirstGem has been impactful in driving financial inclusion, influencing women’s empowerment through gender-advancement programmes like savings …
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Sterling Bank Plc, Nigeria’s leading commercial bank, has given special recognition awards to healthcare providers who played leading roles in the fight against the COVID-19 pandemic. The awards were given to selected recipients at the 8th annual Nigeria Healthcare Excellence Awards (NHEA), which held in Lagos over the weekend under the theme of: Innovative Healthcare Services in the Era of …
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Unity Bank’s flagship Entrepreneurial Development Initiative, Corpreneurship Challenge, is set to return for the eight edition across 10 locations in Nigeria, including a debut in Delta and Rivers States. The Retail lender kick started the Corpreneurship Challenge scheme in 2019, with a launch in Lagos and in three other states, which included Edo, Ogun, and Abuja, but with the increasing …
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Justice D.U Okorowo of the Federal High Court sitting in Abuja, has convicted and wound up Marqott Nigeria Limited, one of the 30 companies associated with the Process and Industrial Development Limited, P&ID, for money laundering. The company was convicted on Thursday, June 16, 2022 after being found guilty of four count charges bordering on money laundering preferred against it by the Economic …
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The Federal Government cannot intervene in the rising price of diesel and aviation fuel as the prices for both products are deregulated, according to the Minister of State Petroleum Resources, Chief Timipre Sylva. Sylva stated this while speaking in Abuja yesterday. He explained that the prices of both products, which are imported, are being impacted by foreign exchange rate. “So, …
Continue ReadingIn furtherance of the need to empower female business owners across the country, The ELOY Foundation, in partnership with FirstBank presents the ELOY Foundation Business Shower, created to support female entrepreneurs on their journey to building sustainable businesses. The support from FirstBank will be carried out through the FirstGem loan scheme designed for female-owned or partnered MSMEs and its SMEConnect …
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The Federal Government has given instructions to electricity distribution companies to resume the Metre Assets Providers programme, recently slowed down by the National Mass Metering Programme. Although the DisCos’ MAP has been in existence for some years, the NMMP programme under the office of Vice President Yemi Osinbajo was introduced in 2020 to bridge the wide metering gap in the …
Continue ReadingAfrican Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Afreximbank’s US$150 million financial support will be accessible to FirstBank customers that are involved in the manufacturing and importation …
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Angola has overtaken Nigeria as Africa’s top oil producer as a result of an abysmal oil production output in May. Data obtained from the Organisation of the Petroleum Exporting Countries (OPEC) revealed that Nigeria’s oil production declined by 195,000 barrels per day (bpd) to 1.02 million bpd in May from 1.22 million in April, based on direct communication. The information …
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