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CBN Takes eNaira Sensitization Drive To Women In Unilag

Central Bank of Nigeria (CBN) has taken the sensitization drive of eNaira to women during the Law Ladies Day programme in University of Lagos (UNILAG) Yaba Lagos. The initiative is to further promote adoption of eNaira, the country’s central bank digital currency (CBDC) to women, students, law students and other Nigerians who gathered for the […]

MTNN Records N100.49bn Net Profit In Q1

MTN Nigeria Communications Plc (MTN Nigeria) recorded N100.491 billion profit after tax(PAT) in its unaudited results for the first quarter (Q1) ended March 31, 2023. The unaudited Q1 results released on the Nigerian Exchange Limited showed that, revenue grew by 20.63 to N568.136 billion from N470.984 billion in Q1, 2022. Operating profit stood at N206.619 […]

STANBIC IBTC LAUNCHES EMPOWERMENT PROGRAMME FOR WOMEN

Stanbic IBTC Holdings, a member of Standard Bank Group has launched its Blue Blossom community for Nigerian women, providing support and financial benefits to meet the unique needs of the Nigerian woman. The Group said according to World Bank, women comprised 43.83 per cent of the labour force, and 43 per cent of businesses worldwide […]

N30BNN30BN SUIT: COURT GRANTS ARCON POWER TO SUMMON METAN30BN

A Federal High Court sitting in Abuja has granted the Advertising Regulatory Council of Nigeria, leave to serve writ of summons on Meta platform, the social media giant and owner of Facebook. The court gave the nod pursuant to an application by ARCON in a pending N30 billion suit against the social media giant for […]

WEMA BANK CELEBRATES 78TH ANNIVERSARY, AIMS FOR TIER-1 STATUS

Wema Bank on Tuesday marked 78 years in the banking industry, saying that its next objective is to attain tier-1 bank status. The bank also celebrated the 6th anniversary of Alat, a digital bank application which enables customers to perform banking activities. Speaking at the event in Lagos, Managing Director/Chief Executive Director, Wema Bank, Mr. […]

CDK PROMISES CONTINUOUS INNOVATION IN TILING INDUSTRY

CDK Integrated Industries has reiterated its commitment to continue driving innovation and best practices in the tiles manufacturing sector in Nigeria. In a statement, the company said this during its stakeholders interactive forum in Ikeja, Lagos. Speaking at the event, the Chief Executive Officer, CDK, Mr Bernard Longe, said that the purpose of the event […]

FG APPROVE N53BN FOR WORKS, EDUCATION, AVIATION MINISTRIES.

The Federal Government, on Wednesday, in Abuja, approved a total sum of N52.97bn for various projects in the ministries of Education, Works and Housing and Aviation. The respective ministers revealed this to State House Correspondents after this week’s Federal Executive Council Meeting presided over by the president, Major General Muhammadu Buhari (retd.), at the Council […]

NDIC BEGINS VERIFICATION OF INSURED DEPOSITORS OF DEFUNCT PEAK MERCHANT BANK

The Nigeria Deposit Insurance corporation (NDIC), has said verification of insured depositors of Peak Merchant Bank in-liquidation had commenced towards payment of their insured sums. Director, Communication and Public Affairs, NDIC, Mr. Bashir Nuhu, in a statement said the move was in line with the corporation’s mandate of deposit guaranty and reimbursement of depositors in […]

FOUNDATION PARTNERS NESTLE TO EMPOWER SIX CORP MEMBERS

As part of its efforts to drive youth empowerment, Activate Success International Foundation has partnered with Nestle Nigeria and Crown Luxury Properties to disburse a grant of N500,000 to corp members. “Activate Success International Foundation, an outlet that focuses on helping people discover their gifts, talents and purpose in life has given out N.5m grant […]

NCDMB SEEKS PROGRESS ON DECADE OF GAS INITIATIVE

For Nigeria to be on track in the implementation of its decade of gas programme, government should provide yearly status reports of the successes, issues, supports required and targets completion dates, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has suggested. He made the recommendation at the just concluded Nigerian […]

AFRIHEALTH LAUNCHES HEALTHCARE APP

Afrihealth, a premier technology solutions provider in Nigeria, has launched its groundbreaking medical super app known as Rigour+. The app, according to the firm, would transform the African healthcare landscape by addressing critical challenges and providing convenience and quality healthcare services at users’ fingertips. Speaking at the launch of the app in Lagos, recently, the […]

9MOBILE INVESTS N70BN ON NETWORK MODERNISATION

A telecommunications company, 9mobile, on Tuesday, said it has invested N70 billion in its ongoing network modernisation. The Chief Executive Officer of 9mobile, Juergen Peschel, in a statement, during its annual Channel Partners Conference held recently in Lagos said additional 600 new sites, equipped with 4G LTE facilities would be deployed alongside the new broadband […]