The nation’s telecommunications regulator, the Nigerian Communications Commission (NCC), and Cybersecurity and Compliance advisory company, Digital Encode, have indicated interest to partner with the Nigeria Information Technology Reporters Association (NITRA), the national umbrella body of ICT reporters, as it organises a forum that will x-ray the industry’s future plans for ICT growth post-pandemic era. The […]
Jaiz Bank Plc, Nigeria’s premier noninterest bank, has been awarded the Most Improved Islamic Bank 2020 in the world by the Global Islamic Finance Awards (GIFA). The Global Islamic Finance Awards (GIFA) are the most prestigious awards in Islamic banking and finance. Other prestigious awards are Islamic Development Bank Prize in Islamic Banking and Finance […]
Wema Bank Plc has introduced its upgraded mobile app – ALAT 4.0 to enable customers remain connected to do much more. A unique app that provides seamless access to an array of exciting features serves as a platform where customers can personalize offerings to meets their frequent financial and lifestyle needs. According to a statement […]
Trading activities on the floor of the Nigerian Stock Exchange yesterday closed on the positive route to maintain uptrend as bulls sustained grip for the fourth trading session following gains recorded by blue chip firms. The local bourse recorded 21 gainers against 14 losers as market sentiment remained green. Consequently, the All- Share Index appreciated […]
Nigeria’s manufacturing Purchasing Managers’ Index (PMI) fell to 46.9 in September from 48.5 recorded in August, the Central Bank of Nigeria (CBN) has said. The apex bank, which stated this in its latest PMI survey report, posted on its website yesterday, also said that the PMI for the non-manufacturing sector dropped to 41.9 in September […]
Chief Executive/Executive Director, Nigeria Export Promotion Council (NEPC), Segun Awolowo, has said that with the African Continental Free Trade Area (AfCFTA) having a mar-ket of 1.2 billion people and combined GDP of $3 trillion, there is huge potential for Nigeria to increase its export to Africa. According to him, most exports had been informal, but […]
First Bank of Nigeria Limited has announced the appointment of Mrs. Oluwande Muoyo as a nonexecutive director. Muoyo joined the board of FirstBank from FBN Holdings Plc, the parent company of First Bank of Nigeria Limited. Speaking on her appointment, Dr. Adesola Adeduntan, CEO, FirstBank, said: “We are excited to welcome Mrs. Oluwande Muoyo to […]
<span;>Oil prices fell on Wednesday after an industry group reported a surprise rise in U.S. crude inventory, and Libya pumping more oil for export. <span;>Brent crude was trading down 30 cents or 0.7 per cent at $41.42 a barrel by 0347 GMT, after gaining 28 cents on Tuesday while U.S. crude dropped 34 […]
The Nigerian Stock Exchange (NSE) yesterday listed United Capital Plc’s N10 billion five-year 12.5 per cent Senior Unsecured Fixed Rate Series I Bonds Due 2025 under the N30 billion Debt Issuance Programme on Daily Official List of the Exchange. The bond issuance, which opened on Monday, May 4, 2020 and closed on Friday, May […]
As of January 1, 2021, Nedbank clients will no longer be able to use cheques as a payment option, the lender has said. In an announcement on Tuesday the bank said this is because few clients make use of the service. The decision to stop offering cheques was not taken lightly. Anton de […]