…62 SWEETA Holders Receive N150, 000 Each Fidelity Bank remains committed to putting smiles on its customers’ faces by enriching their lives through its ongoing savings loyalty program. To mark this year’s Children’s Day, the bank doled out N150, 000 to 62 Sweet Account (SWEETA) holders across the country, a whopping total of N9.3 million. As part of its efforts …
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The Federal Government has said it is expecting most of the marginal fields, which investors bid for in the recently concluded bid round, will achieve first oil starting from next year. The Director/Chief Executive Officer, Department of Petroleum Resources, Mr Sarki Auwalu, said this on Wednesday during a strategic engagement session in Lagos with the Nigeria Extractive Industries Transparency Initiative, …
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The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners have executed agreements to renew Oil Mining Lease (OML) 118 for another 20 years. The partners are Shell Nigeria Exploration and Production Company (SNEPCo), Total Exploration and Production Nigeria Limited (TEPNG), Esso Exploration. and Production Nigeria Limited (EEPNL) and Nigerian Agip Exploration (NAE) The Corporation disclosed this in a …
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Lagos State Government said it has attracted N8.32 billion worth of investments inflow into the state within the two years despite challenges of COVID-19 pandemic. Special Adviser Office of Sustainable Development Goals and Investment, SDGI, Mrs Solape Hammond, disclosed this on Tuesday, at the 2021 ministerial press briefing to showcase achievements of the office as well as part of events …
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The Lagos State Government has signed a memorandum of understanding with Ogun State Government for the establishment of Lagos-Ogun Joint Development Commission to accelerate physical and socio-economic development in both states. This new alliance was sealed on Monday by Governor Babajide Sanwo-Olu and Governor Dapo Abiodun, at the Presidential Lodge in Abeokuta, Ogun State. Sanwo-Olu said the bilateral relationship between …
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First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria’’, ‘’Most innovative Retail Banking App Nigeria’’ and ‘’Best CSR Bank Nigeria’’ awards by Global Banking and Finance magazine. The respective awards conferred on the Bank are in recognition of the indelible roles it plays in deepening …
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Bitcoin free-fall continued on Sunday, with a further 13% depreciation after it suffered another sell-off that left it down nearly 50% from the year’s high. Bitcoin fell to $32,601 at 1800 GMT, losing $4,899.54 from its previous close. The world’s biggest and best-known cryptocurrency hit a high for the year of $64,895.22 on April 14. Ether, the coin linked to …
Continue ReadingStack Funds, an issuer of crypto access products that include trackers, indexes and structure vehicles for institutions, has predicted that bitcoin will bounce back to its former heights in the nearest future. In January, Bitcoin had a 73.5 per cent share of the crypto market. This week, it has only a 40.5 per cent share of the market. This figure …
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The Federal Government has said it will not increase the price of petrol in June despite the recommendation by the Nigeria Governors’ Forum that the cost of the commodity should be increased. On Wednesday, a committee set up by the Nigeria Governor’s Forum recommended a petrol price of between N408.5/litre and N380/litre, and also called for immediate removal of petrol …
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The Nigerian currency weakened against the United States dollar on Friday at both the parallel market and the investors’ and exporters’ window. The naira fell to 485 against the greenback at the black market from 484 on Thursday. It weakened by 0.17 per cent to 412/$1 at the I&E window, according to FMDQ Group. Last weekend, the Central Bank of …
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