By Lucy Ogalue The African Development Bank (AfDB) and InterAmerican Development Bank (IDB) have welcomed International Monetary Fund’s (IMF) Executive Board’s approval of the use of Special Drawing Rights (SDRs) for Hybrid Capital Instruments. The AfDB in a statement, said the IMF approval allowed countries to channel SDRs through multilateralContinue Reading
By Grace Alegba The First Bank of Nigeria Ltd, with Rotary Club International, District 9110, has distributed N20 million worth start-up kits to 102 beneficiaries in Lagos to empower them across various trades. The News Agency of Nigeria (NAN) reports that start-up kits distributed included: grinding machines, plumbing kits, deepContinue Reading
By Grace Alegba Wema Bank on Thursday marked a joint celebration of its 79th anniversary and seventh year of its fully digital bank, ALAT. Its Managing Director/Chief Executive Officer, Mr Moruf Oseni, disclosed this in a statement in Lagos. Oseni said the significant celebration commemorated nearly eight decades ofContinue Reading
By Angela Atabo/Okon Okon The Federal Mortgage Bank of Nigeria (FMBN) on Thursday inaugurated the newly introduced workers performance assessment scheme, tagged Performance Management System (PMS) The News Agency of Nigeria reports PMS replaces Annual Performance Evaluation Report (APER), a form filled manually by civil servants to access their performanceContinue Reading
By Remi Koleoso Soun of Ogbomoso, Oba Afolabi Olaoye, has inaugurated a 15-man committee to organise a befiting carnival to showcase the culture and tradition of Ogbomosoland. The News Agency of Nigeria (NAN) reports that the maiden edition of the carnival, aimed at promoting domestic tourism and attracting tourists toContinue Reading
By Rukayat Adeyemi The share price of FBN Holdings Plc, parent company of the First Bank of Nigeria Ltd., which opened on the floor of the Nigerian Exchange Ltd.(NGX) on Friday at N18.50, gained N1.85 to close at N20.35, following investors’ renewed interest. Specifically, FBN Holdings led 17 other gainersContinue Reading
By Rukayat Adeyemi/Grace Alegba Shareholders of FBN Holdings Plc on Tuesday commended the proactiveness of the group’s Board of Directors in appointing an acting Managing Director for First Bank Nigeria Ltd., following the resignation of the former Chief Executive Officer. They gave the commendations in an interview withContinue Reading
By Grace Alegba The Chartered Institute of Bankers of Nigeria (CIBN) has expressed support for the planned recapitalisation exercise for banks in the country. Ken Opara, President/Chairman of Council, CIBN, said this during the 2024 annual lecture of the institute on Tuesday in Lagos. Opara said adequate liquidity within theContinue Reading
By Grace Alegba Wema Bank has launched the fifth edition of its tech competition, ‘Hackaholics’, to foster innovation and empower youths as well as startups in addressing societal challenges. The bank made this known at a news conference to announce Hackaholics 5.0, on Thursday in Lagos, withContinue Reading
By Grace Alegba 3T Impex Trade Academy, a trade consulting firm, on Saturday, identified critical skill gaps within Nigeria’s banking sector that were hindering the country’s export trade volume and economic progress. These skill gaps were identified in the academy’s 2024 survey, titled, “Nigerian Trade Finance Skill Gap AssessmentContinue Reading
