– CBN Governor, Yemi Cardoso By St. Johnson Adegboyega No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its current N25bn, according to a report by Ernst and Young. The new report, titled “Navigating the Horizon: Charting the Course for Banks amid Plans for Recapitalisation”,… []
– Fekomi Bitters on display By St. Johnson Adegboyega Fekomi Bitters, regarded as herbal remedy for waist pain, pile and revitalisation of men and women’s libido, has been launched into the Nigerian market. This is even as the herbal product has received official approval from the National Agency for Food and Drug Administration and Control (NAFDAC), ensuring its safety and efficacy for consumers seeking… []
– Telecommunication Masts By Adeola Idris Rising diesel prices are threatening Nigeria’s communication backbone, with telecommunication operators’ spending on the fuel rising to N50.28 billion in February. This was a 50.20 percent increase from the N33.48 billion (at N836.91/litre) they spent in the same period of 2023 and a 9.02 percent increase from the N46.12 billion (at N1,153.01/litre) spent in January. Diesel prices have been soaring since… []
By St. Johnson Adegboyega The countdown has begun to the 7th edition of the most anticipated culinary festival in Africa and Guaranty Trust Holding Company Plc (GTCO) is excited to announce dates for the 2024 GTCO Food and Drink Festival, set to take place from Friday, April 26th to Sunday, April 28th, at GTCentre, Plot 1 Water Corporation Drive, Oniru, Victoria Island, Lagos. The GTCO… []
– CBN governor, Yemi Cardoso By St. Johnson Adegboyega The Central Bank of Nigeria (CBN), on Wednesday, announced it has cleared the $7 billion foreign exchange (FX) backlog inherited by Governor Yemi Cardoso. The apex bank said the development fulfills a key pledge on his appointment and signifies a significant step towards restoring confidence in the economy. This was made known in statement on Wednesday… []
– WhatsApp logo By Bunmi Onakan WhatsApp has recently added extra bandwidth for expression with a long-awaited update: the ability to share videos up to one minute long on your status. Previously restricted to 30 seconds, this new feature allows you to express yourself more fully and share more comprehensive moments from your life. Read further to see how to get this particular WhatsApp update… []
– Access Bank building By St. Johnson Adegboyega Access Bank PLC and KCB Group PLC (“KCB”) have today signed a binding agreement to acquire 100 percent shareholding in National Bank of Kenya Limited (“NBK”) from KCB. The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt all regulatory approvals from, amongst others, the Central Bank… []
– Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive By St. Johnson Adegboyega Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after… []
– L-R: Guest Speaker, Solape Akinpelu; Polaris Bank’s Managing Director/CEO, Kayode Lawal; another Guest Speaker, Dr. Ifeyinwa Nwakwesi and Group Head, Customer Experience & Value Management; Mrs. Bukola Oluyadi, at the International Women’s Day (IWD) Webinar hosted by Polaris Bank in Lagos recently. By Bunmi Onakan Polaris Bank’s International Women’s Day (IWD) webinar themed: ‘Empowering Voices: Women Leading Change,’ offered a dynamic platform for insightful… []
– L-R: Lagos State Permanent Secretary, Public Service Office, Office of the Head of Service, Sunkanmi Oyegbola; Group Executive Director, Commercial Operations, Dangote Industries Limited, Fatima Aliko Dangote; General Manager, Lagos State Consumer Protection Agency (LASCOPA), Solebo Afolabi Adebayo (Esq); Consultant Strategy and Stakeholder Engagement, LASCOPA, Aderemi A. Fagbemi, at a One-day Conference and Exhibition to commemorate World Consumer Rights Day 2024 organized by LASCOPA,… []
– HOLCO new Chairman, Ajg-Imoukhuede By Bunmi Onakan Access Holdings Plc (‘the Holdco’), is pleased to announce the return of Mr. Aigboje Aig-Imoukhuede, CFR as its Non-Executive Chairman. Mr. Aig-Imoukhuede, CFR replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director. This visionary and accomplished leader is bringing an outstanding record of accomplishments, wealth of… []
– Mrs. Tomi Somefun, Managing Director/Chief Executive Officer of Unity Bank Plc By Femi Ojo Nigerian lender, Unity Bank Plc is partnering with SkillPaddy in its “Count Her In” tech Programme focused on empowering no fewer than 1000 female beneficiaries in Software Engineering Training. The IT skill development and empowerment initiative is intended to bridge talent supply gaps while providing individuals with the opportunity to meet their… []
– Interswitch logo By St. Johnson Adegboyega Interswitch, the Visa-backed Nigerian payments giant that reported $42 million in revenue for its financial year ended March 31, will enter into Nigeria’s telecommunications sector after acquiring a Tier 5 MVNO (Mobile Virtual Network Operators) license for ₦500 million ($1.08 million) from the Nigeria Communications Commission (NCC) in May 2023. “The company is investigating the launch of a… []
– EMP Convener, Nduneche Ezurike (M) Sheriff Adekoya, immediate right; Makuochukwu Okafor–Obi, Far left; Joseph Onaolapo and Michelle Agoh respectively By Adegboyega Johnson The Employee Place (EMP) Industry Meet-Up, now in its fifth year, recently convened at the CIBN Bankers Hall, Lagos, uniting thought leaders to delve into Generation Z’s influence on the professional landscape. Esteemed speakers, including Joseph Onaolapo (Jay On-air), Makuochukwu Okafor-Obi, and… []
– Bolaji Agbede, Late Herbert Wigwe By Adegboyega Johnson Following the sad demise of Herbert Wigwe, the former Group Chief Executive Officer of Access Holdings who left a void in the heart of his family and loved ones and most importantly, it left a vacant throne in Access Holdings kingdom, hence, the need for a successor. For Wigwe’s family, the vacuum may never be filled,… []
– Late Herbert Wigwe, Flutterwave’s Gbenga Agboola By Adegboyega Johnson Many things have been said about the late founding Group CEO of Access Holding Plc, Herbert Wigwe since hid untimely death. On 9 February 2024, several tech founders and executives have been pouring encomiums on his impact on their lives and businesses. “I called him the Oracle of Isiokpo. My oracle. Because if Warren Buffet… []
– NASCON logo By Adeola Idris Leading food seasoning manufacturer, NASCON Allied Industries has gained more market share even as its profit after tax (PAT) rose by 151 percent to N13. 73 billion for the financial year ended December 31, 2023. A review of the company’s 2023 annual results and accounts indicated that profit after tax rose by N8.26 billion over N5.47 billion recorded in… []
– Femi Otedola By Adegboyega Johnson FBN Holdings has appointed Femi Otedola, the billionaire businessman and investor, as the new chairman of its board of directors. FBN Holdings is the parent company of First Bank of Nigeria. The company notified investors of the new development in a corporate filing on the Nigerian Exchange Limited (NGX) on Wednesday. The appointment comes two years after the investor… []
L-R-: Executive Director with The Alternative Bank, Garba Mohammed and Emir of Kano, Alhaji Aminu Bayero during the inauguration of a branch of The Alternative Bank in Kano recently. By Bunmi Onakan The arrival of Nigeria’s largest ethical bank, The Alternative Bank, has been endorsed by the Emir of Kano, Alhaji Aminu Ado Bayero, as the bank opens its first stand-alone branch in the ancient… []
L-r: ACAMB Exco; Financial Secretary, Halima Isha of JAIZ Bank; Treasurer, Morolake Philip-Ladipo of Wema Bank; Vice President (VP)1, Oze K Oze of FirstvBank; President, Rasheed Bolarinwa of Polaris Bank; VP2: Tolulope Onipede of Guaranty Trust Bank; General Secretary, Jide Sipe of ECOBANK; Assistant General Secretary, Iyke Iheagwam of Access Bank; Publicity Secretary, Omede Odekina of United Bank for Africa (UBA); and Social Secretary, Ozena… []
