The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has assured that banks in the country have the wherewithal to meet the recent directives of the Central Bank of Nigeria (CBN) on recapilitalisation of the sector.
In a...
The impact of currency weakness on the Nigerian private sector was evident again in March. Purchase costs rose at the sharpest rate on record, meaning companies increased their own selling prices at an unprecedented pace. The rate of expansion in business activity ticked higher, but steep price...
The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, highlighted the merit-based selection of Remita to provide an electronic platform essential for facilitating payments from Ministries, Departments, and Agencies (MDAs) to beneficiary accounts across commercial banks.
He said this when officials...
The Alternative Bank and TK Tech Africa have forged a partnership through their $500m Digital Sukuk initiative.
According to a statement from the bank on Wednesday, the partnership is pioneering the use of blockchain technology for the issuance, trading, and settlement of Sukuk bonds,...
The Chemical and Allied Products Plc saw its finance costs ballooned by 362.97 per cent to N 155.35m in 2023 from N33.55m, driven by interest on borrowings, which rose by 377.27 per cent.
Interest on borrowings went up N153.92m from N32.25m in 2022.
The first cohort of the FGN-ALAT Digital Skillnovation Programme, an initiative spearheaded by Wema Bank in partnership with the Federal Government of Nigeria, to train and equip 2,000,000 youth and 1,000,000 MSMEs across Nigeria with digital skills for sustainable success, was launched in 2023.
...Grows PBT by 335%, earnings to N2.59 Trillion
Access Holdings Plc (“The Group”) has announced its audited Consolidated and Separate Financial Statements for the year ended December 31, 2023. In the year under review, the Group recorded a robust growth in its Profits Before...
AXA Mansard, a member of AXA has empowered 200 female Small and Medium Enterprises with financial literacy and digital business skills.
In collaboration with SME 100 Africa, the two-day training, which was held in Lagos, is part of AXA’s lined-up programmes to commemorate this...
Heirs Insurance Group, said it has launched a new website that delivers the most user-friendly insurance experience in the industry.
The underwriting firm said in addition to its features that aid simple navigation, the website also personalises the insurance experience taking customers through a...
The Managing Director/Chief Executive Officer of Sterling Bank, Abubakar Suleiman, has warned newly-inducted members of the Chartered Institute of Bankers of Nigeria that being a professional banker is not the route to becoming a billionaire.
Suleiman said this on Saturday at the 2024 Stream...
