The cost of food items in Nigeria has been recording significant increases in the past one year. A survey carried out by our correspondents in markets across Lagos, Ogun and Federal Capital Territory showed that staple food commodities have witnessed astronomical price hikes. Findings showed that within a one-year period, the cost of 50kg of beans rose by about 253 …
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Investment announcements in Nigeria fell to $1.69bn in the second quarter of this year from $8.41bn in Q1, indicating a decline of about 80 per cent, a new report by the Nigerian Investment Promotion Commission has said. The report said the total value of investments interests in the first half of this year fell by $1.57bn to $10.11bn, compared to …
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Just this evening, Fidelity Bank Plc conducted the 6th/Final draw of the Get Alert in Millions (GAIM 4) Season 4 Savings promo where a total cash wins of N39m was given to 15 customers, including 18 consolation prizes of TV sets, fridges, and generators. The cash prizes were in the categories of N10m grand Prize, N3m, N2m and N1m. The …
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The Executive Management of Fidelity Bank Plc, led by Managing Director/CEO, Mrs. Nneka Onyeali-Ikpe recently paid a courtesy visit on the General Overseer, Lord’s Chosen Charismatic Revival Church, Pastor Lazarus Muoka. Specifically, the visit was to foster good working relationship with the Church and find ways of serving the church and its members better. The MD who was accompanied by …
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The best definition of kindness is not one provided by any of the world’s best dictionaries but one demonstrated by how we treat others on a daily basis. Kindness is a universal language that does not require any special knowledge, exposure, skills, training or background to understand and appreciate it as a beneficiary or observer of a kind act. Neither …
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The Nigerian passport is ranked 101st out of 199 countries, according to the ranking done by the Henley Passport Index, described as the original, authoritative ranking of all the world’s passports. The index ranks passports, according to the number of destinations their holders can access without a visa. A London, United Kingdom-based global citizenship and residence advisory firm, Henley and …
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Two beautiful amazons and consummate professionals in their respective fields of endeavor (banking and media) met in what many have described as a toast to women in leadership to not only explore business opportunities, but also to lend their voice to the ongoing conversation about women empowerment. Fidelity Bank CEO, Mrs Onyeali-Ikpe accompanied by top female management staff on Tuesday …
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The Federal Government made a total of N3.25tn in 2020, according to a review of the budget performance of the 2020 Appropriation Act. The review also showed that the Federal Government spent a total of N2.34tn on debt servicing within the year. This means that 72 per cent of the government’s revenue was spent of debt servicing. It also puts …
Continue ReadingThe path to financial inclusion holds different marketplace barriers and opportunities in different countries, but the push continues because of proof that an increase in economic activities among the financially vulnerable can reawaken a comatose economy. For Nigeria, the last three years have seen significant growth of the financial inclusion rate from 56.8% in 2016 to 63.2% in 2018. FirstBank’s …
Continue ReadingNigeria received about $8.4bn investment announcements as at 4th March 2021, out of which $5.46bn were pledged by foreign investors. The remaining $2.08bn was promised by domestic investors, statistics obtained from the Nigerian Investments Promotion Commission showed. The sum pledged by foreign investors in Q1 2021 is 27.5 per cent lower than the $7.54bn foreign investment announcements recorded by the …
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