By Grace Alegba The Central Bank of Nigeria (CBN) on Thursday directed Bureau De Change (BDCs) operators to sell forex at a maximum profit margin of 1.5 per cent, aiming to correct market distortions. The bank, in a circular signed by Aliyu Mahdi, Acting Director, Trade and Exchange Department, CBN,Continue Reading
By Taiye Olayemi The Creative Intelligence Group (CI Group), a media and content consultancy firm, says it is reshaping the landscape of public relations in Nigeria by combining extensive experience with innovative strategies. Its Group Chief Executive Officer, Mr Femi Odewunmi, told the News Agency of Nigeria (NAN) onContinue Reading
By Rukayat Adeyemi Wema Bank has concluded the first tranche of its recapitalisation exercise, having secured all relevant regulatory approvals for the allotment of its N40 billion rights issue. Its Managing Director, Mr Moruf Oseni, disclosed this in a statement made available in Lagos. Oseni said as a forward-thinkingContinue Reading
By Okeoghene Akubuike Afreximbank and First Bank of Nigeria(FBN) have signed a 200 million dollar facility agreement for financing the needs of FBN’s numerous clients. The News Agency of Nigeria (NAN) reports that the signing took place at the ongoing 31st Afreximbank Annual Meetings (AAM2024) in Nassau, TheContinue Reading
By Rukayat Adeyemi First Bank of Nigeria has partnered with the International Women’s Society (IWS) to empower over 250 widows, in commemoration of the 2024 International Widows’ Day. The News Agency of Nigeria (NAN) reports that beneficiaries at the event, tagged “IWS Widows Feast and Empowerment Programme”, receivedContinue Reading
By Grace Alegba The Nigeria Business and Disability Network (NBDN) says it plans to launch an app designed to connect People With Disabilities (PWD) with potential employers. Omobolanle Victor-Laniyan, Chairperson of NBDN and Head of Sustainability at Access Corporation, unveiled this initiative during the NBDN 2024 Annual Diversity and InclusionContinue Reading
Traditional institutions have more potential for conflict resolution than conventional agencies, considering their proximity to the people and their veneration in the society. The Etsu Nupe, Alhaji Yahaya Abubakar, made the assertion on Wednesday in Lagos. The Etsu Nupe, also the Chairman, Niger State Council of Traditional Rulers, delivered aContinue Reading
By Oluwafunke Ishola An NGO, United Way Greater Nigeria (UWGN), in collaboration with Creative Colony, has trained students in Lagos schools on transforming discarded plastics into art. Ms ‘Deola Durodola, Executive Director, UWGN, at the completion of the three-day initiative on Friday in Lagos, said the project was aimedContinue Reading
Investigation By Yusuf Yunus Lagos, May 29, 2024 (NAN)The Federal Competition and Consumer Protection Commission (FCCPC) on Wednesday engaged market leaders and traders in Lagos to investigate the persistent increase in food prices across markets. Mrs Suzie Onwuka, Head, Lagos Office of FCCPC, revealed the reasons for meeting withContinue Reading
By Rukayat Adeyemi Wema Bank, on Tuesday, said it is set to raise N200 billion capital within the 24-month timeline issued by the Central Bank of Nigeria (CBN). Mr Moruf Oseni, Wema Bank Managing Director/Chief Executive Officer, said this at the 2023 Annual General Meeting (AGM) of the bank inContinue Reading
