Zenith Bank announces retirement of two directors
Zenith Bank Plc, a leading Nigerian lender, has announced the retirement of Mr. Jeffrey Efeyini and Prof. Chukuka Enwemeka as Non-Executive Directors of the company. This was disclosed in a
Read MoreCategory: Business
FG awards 57 marginal oil fields to new investors, rakes in N202.9bn
June 29,2022 Nigeria’s federal government on Tuesday, awarded 57 marginal oil fields to about 49 new investors in Abuja, adding that it made a total of N202.91bn from the just
Read More
Wema Bank to begin N40bn rights issue in August
Wema Bank Plc has concluded arrangement to commence its N40 billion rights issue to the existing shareholders of the bank in August. Wema Bank got shareholders nod at an Extraordinary
Read More
Dollar hits N615, local raw materials sourcing declines to 52%
June 29,2022 The pressure on the foreign exchange market continued on Tuesday, with the dollar exchanging at N615 at the parallel market in Lagos and Abuja. This is even as
Read More
Naira falls to N614/$ at parallel market
June 28,2022 The Nigerian naira has further depreciated to N614 against the dollar at the parallel section of the foreign exchange market. The figure signifies a depreciation of N7 or
Read MoreFG to sanction fuel stations selling product above N165 per litre
June 28,2022 The Nigerian Government has vowed to sanction filling stations selling Premium Motor Spirit (PMS), popularly called fuel, above the N165 agreed pump price. This was disclosed in a
Read MoreUnity Bank Corpreneurship Challenge: Delta, Rivers corps members to benefit from N10m business grant
June 28,2022 Unity Bank’s flagship Entrepreneurial Development Initiative, Corpreneurship Challenge, is set to return for the eight edition across 10 locations in Nigeria, including a debut in Delta and Rivers
Read More
Sterling Bank staff disappears with customers’ N300 million, police wade in
Tuesday, June 28,2022 Favour Fame-Eruagbere, a staff of Sterling Bank Plc, Effurun, Delta State Branch, is currently on the run after allegedly defrauding customers of the bank of the sum of
Read More
Union Bank’s Acquisition: Titan Trust Bank aims for market dominance, targets tier 1
June 27,2022 With the recent acquisition of Union Bank of Nigeria (UBN) Plc by Titan Trust Bank Limited (TTB), a deal that took stakeholders by surprise last year, the latter is now
Read MoreAfDB targets wheat importation cut in Nigeria by 40% by 2023
June 27,2022 Accra (Ghana), May 27, 2022 The African Development Bank (AfDB) says the heat-tolerant wheat production, being supported by the Bank in Nigeria, will help reduce importation of the
Read More
