The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria National Petroleum Company Limited (NNPCL) have warned Nigerians against panic-buying and dismissing reports of a planned hike in the pump price of petrol also called Premium Motor Spirit (PMS). ccording to reports, fuel marketers clashed with the Nigerian National Petroleum Company Limited (NNPCL) over…
The private sector recorded the first business expansion in three months in December driven by increases in both output and new order coupled with recovery in demand, according to the Stanbic IBTC Bank Purchasing Managers Index, PMI.The report stated: “This was despite continued intense inflationary pressure, with purchase costs and selling prices each rising at…
In recognition of its exceptional contributions to the funding of Small and Medium Enterprises (SMEs) , the Development Bank of Nigeria (DBN) has honored First City Monument Bank (FCMB) at its 2023 Service Ambassadors Awards in Lagos. This came as the FCMB extended credit totalling N1.343 trillion to over 98,000 Small and Medium Enterprises (SMEs)…
In what has been termed the crowning glory of a successful year, the leading financial institution -Fidelity Bank Plc -has been recognized for its devotion to providing an exceptional customer experience. According to the recently issued KPMG 2023 West Africa Banking Industry Customer Experience Survey, the bank recorded a marked improvement in its service delivery…
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has rewarded 77 customers with cash prizes in the first quarterly and third monthly draws of its Reward4Saving 3.0 promo. Both draws took place at the Bank’s head office at Walter Carrington Crescent, Lagos. 70 customers won N100,000 each, while seven other customers received N1,000,000 each….
Zenith Bank Awarded Best Bank For Digital Solutions In Nigeria At The Euromoney 2023 Awards Zenith Bank Plc has been named the “Best Bank for Digital Solutions in Nigeria” in the Euromoney Awards for Excellence 2023, underscoring the bank’s pioneering and outstanding achievements in delivering cutting-edge digital financial solutions. Speaking on the recognition, the Group…
…as Special Investigator warns them of dire consequences of shunning today’s invitation By SEGUN OLATUNJI Strong indications emerged on Wednesday night that the Chairman of Titan Trust Bank, Mr Tunde Lemo and two foreign shareholders of TTB and Union Bank, Messrs Cornelius Vink and Rahul Savara may lose their shares in the two banks if…
. Plans afoot to invite Ex-SGF for interrogation over $6.23m cash stolen from CBN vaults. Manhunt ongoing for Mustapha’s alleged collaborator, prime suspect in SGF’s office, letter dispatched to Akume for information. Top CBN officials arrested, detained, make damning revelations, write confessional statements. ‘Emefiele endorsed payment of illegal withdrawal of $6.23m from CBN vaults’. Lemo,…
he naira, today, Friday, depreciated to N885.88 per dollar in the official Nigerian Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N885.88 per dollar from N861.91 per dollar on Thursday. This indicates a N23.97 depreciation for the naira. The intraday high stood at N1,248 per dollar…
