FINANCIAL LITERACY: Unity Bank Kick Starts One Minute Genius 2.0

In its drive to boost financial literacy among students in primary and secondary schools across the nation, Nigerian lender, Unity Bank Plc has flag-off its pioneer educational game play, the One Minute Genius season 2.0. The OMG 2.0 game play, which kicked in May 3, 2021, on the Unity Bank’s Website (www.omg.unitybankng.com) is an expanded version of the maiden edition …

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CORPORATE STATEMENT ON THE NEW BOARD CONSTITUTION

We refer to the Central Bank of Nigeria Limited (CBN) pronouncement on the reconstitution of the Board of Directors of First Bank of Nigeria Limited. Further to the press conference held by the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele CON on Thursday, 29 April 2021, the Boards of FBN Holdings Plc and First Bank of Nigeria …

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Police bust illegal wine factory, arrest owner in Delta

The Delta State Police Command has uncovered an illegal factory where fake wine is being produced and arrested the owner, one Kenneth Ajie, at Ovwia in the Udu Local Government Area of the state. The acting Police Public Relations Officer in the state, DSP Bright Edafe, stated this on Thursday in Asaba. He said, “The Commander of the Delta State …

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Shell pipelines spill 4,309 barrels of crude in H2’20

Shell Petroleum Development Company of Nigeria Limited (SPDC) reported that a total of 4,309.18 barrels of crude was spilled into the Niger Delta environment from its operations in the second half of the year 2020. The report says the spills comprise 102.7 barrels through operational failure and 4,199.48 barrels through sabotage. The current volume of spillage was, however, 30.1 percent …

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CBN’s MPC members in policy dilemma over growth, inflation

The members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria, CBN, have indicated that the apex bank’s meeting in March was largely concerned with the twin problem of growth stimulation of economic growth and containment of inflation. The MPC is the highest monetary policy making body in the Nigerian economy. The committee also noted that the …

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BANKING MADE SIMPLE

Raheem Akingbolu reviews the new FirstBank’s corporate website and reckons that it would go a long way in strengthening the ability of the bank’s patrons and other potential customers in addressing basic banking operations. Outside the physical identity of any brand, the most accessible door into operations of a company in today’s market is perhaps the website. With digital technology …

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Fidelity Bank Plc Announces a 53.9% Growth in Profit Before Tax to N10.1bn For the 3 Months  Ended 31 March 2021

Top Nigerian lender, Fidelity Bank Plc recorded a strong financial performance in the first quarter of 2021, posting appreciable growth in profits for the period ended 31 March 2021. Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from N6.6bn in 2020 to N10.1bn for the corresponding period …

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FG Goes Tough, Bans Importation of Refined Sugar, Derivatives from Free Trade Zones

The Federal Government has prohibited the importation of refined sugar and its derivatives from the nation’s Free Trade Zones (FTZs), in a bid to protect the sugar industry, which is governed by the Nigerian Sugar Master Plan (NSMP). The prohibition move, which came through a directive from the Minister, Ministry of Industry, Trade and Investment, was conveyed in a letter …

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