… Exploring the future with AI Zenith Bank PLC has announced The Fourth Edition of it annual Zenith Tech Fair programe with the theme, “Future Forward 4.0: Embedded Finance, Cybersecurity & Growth Imperatives – The Impact of AI,” is set to take place this Thursday at the Eko Convention Centre, Eko Hotels & Suites, Victoria…
*** Says ‘Grand Challenges Nigeria’ an avenue to promote groundbreaking research, local expertise Vice President Kashim Shettima has launched ‘Grand Challenges Nigeria’ (GCNg), a national innovation programme aimed at revolutionising Nigeria’s healthcare landscape through locally-developed solutions. The initiative, which is part of the global Grand Challenges network, will focus on maternal and child health challenges…
FirstBank has empowered 10 promising startups with N29.5 million in funding at its just concluded Fintech Summit 6.0. Themed Banking on Partnerships, the event highlights the bank’s role in shaping Nigeria’s fintech landscape and championing entrepreneurial innovation. The two-day event, held on November 13 and 14, 2024, at the Lagos Continental Hotel, showcased transformative ideas…
United Bank for Africa Plc UBA, has issued 6,839,884,274 ordinary shares of 50 kobo each at N35 per share in a rights issue to raise N239.4bn in a bid to meet the fresh capital requirements of the Central Bank of Nigeria. The rights issue which opened on Friday (today) allows existing shareholders to purchase one…
….Says, NNPC to Launch 12 CNG Stations Soon.….Insists Company Not Sabotaging Domestic Refineries. Group CEO of NNPC Ltd., Mele Kyari has reiterated the company’s commitment to resolving Nigeria’s energy trilemma, by ensuring energy security, sustainable growth and energy affordability. Kyari disclosed this at the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE)…
BUA Industries Limited has secured a significant financial boost for its expansion, as the African Export-Import Bank approved a $200 million corporate finance facility to support the company’s growth plans. The first tranche of $150 million was disbursed on 16 October 2024. Speaking on the partnership in a statement made available to our correspondent on…
Barbara Bako, Abuja. The Nigeria Deposit Insurance Corporation (NDIC) has announced the commencement process for the auction of landed properties and chattels of the failed Heritage bank (In-Liquidation). NDIC in a statement signed by the Director, Communication and Public Affairs Department, Bashir Nuhu on Monday in Abuja said that auction is to ensure timely declaration…
The Dangote Petroleum Refinery has alerted Nigerians about the operations of a new depot hired by an unnamed international trading company to blend substandard petroleum products in Nigeria. It said the depot, located adjacent to its operations, was leased for the objective of blending substandard products that would be dumped into the market and bought…
Regulatory agencies overseeing the activities of Deposit Money Banks in Nigeria have imposed sanction on 10 banks for violations of foreign exchange guidelines and other regulatory offences. These agencies, including the Central Bank of Nigeria and the Securities and Exchange Commission, imposed fines totalling N1.502bn as penalties within the first six months of 2024. These…
Barbara Bako, Abuja. The Central Bank of Nigeria (CBN) wishes to reassure the public of its unwavering commitment to ensuring the stability and reliability of the Nigerian financial system. The CBN made this reassurance in a statement signed by its Ag. Director, Corporate Communications Mrs. Hakama Sidi Ali on Tuesday. According to the statement, CBN…
