In 2023, the Niger Delta Development Commission received $142.5 million from Shell Petroleum Development of Nigeria Limited and Shell Nigeria Exploration and Production Company Limited. SPDC paid $112.5m while SNEPCo remitted $30m, according to a statement from Shell Nigeria’s Manager of Media Communications and NGO Relations, Mr. Bamidele Odugbesan. In 2022, SPDC paid $59.04m, while…
Leading ICT infrastructure and systems integrator in Africa, Inlaks, exhibited its solutions at the 3i Africa Summit in Accra, Ghana, as part of its expansion plan. Taking place under the subject “Unleashing Africa’s FinTech and Digital Economic Potential,” the summit provided a forum for important conversations about digital assets, fintech for inclusion, and the Africa-Asia…
Regarded as one of the most compliant companies on the Nigerian stock market, Fidelity Bank Plc has been rated as having the best corporate governance. The Corporate Governance Rating System (CGRS) compares quoted companies to recommended best practices and standards, and Fidelity Bank has received the highest rating of CG+. This implies that the bank…
The $1.4 million connected to former Central Bank of Nigeria (CBN) governor Godwin Emefiele has once again been ordered to be forfeited in the interim by a Federal High Court located in Lagos. Justice Ayokunle Faji ordered the forfeiture of the money to the Federal Government of Nigeria. The court made the above orders while…
First Bank of Nigeria Limited, in partnership with Proparco, a Development Finance Institution is mainstreaming climate initiatives into its business operations and strategy. In order to establish the Bank as an African Climate Bank, this aims to achieve a comprehensive integration of climate action on the reduction of greenhouse gas (GHG) emissions through a clearly…
A prominent provider of financial services, Access Holdings Plc, has emphasized the ethical implications of using artificial intelligence (AI) and urged financial industry stakeholders to take sustainability into account. At the Smart Banking Summit 2024, which was held in Kenya on Wednesday, Executive Director of IT & Digitalization at Access Holdings, Lanre Bamisebi, gave a…
Young scholars have been taught the importance of being exceptional and performance-driven in all of their endeavors by Demola Sogunle, the Chief Executive and Managing Director of Stanbic IBTC Holdings. Delivering the keynote at the Stanbic IBTC Youth Leadership Series 2024 with the theme, ‘The Growth Code: Unlocking the Secrets and Strategies to Personal and…
The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Ebenezer Onyeagwu, has been named the ‘Best Banking CEO of the Year in Africa’ at the International Banker 2024 Banking Awards. He retains the title for the second consecutive year. This award, published in the Spring 2024 issue of International Banker Magazine, United Kingdom, coincides…
Wema Bank has placed its shareholders in celebration mode, receiving commendation for a profitable 2023 financial performance, at its just-concluded 2023 Annual General Meeting (AGM) held in Lagos yesterday. The Annual General Meeting (AGM) is a yearly event that brings together Wema Bank’s shareholders and other stakeholders to evaluate the bank’s financial performance in the…
