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Business
Breaking: Fidelity Bank seals pact to buy Union Bank UK
Fidelity Bank has agreed to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank, the former said Tuesday.
It is the latest phase in the train of divestments by the latter which, beginning late last year, saw…
Dangote to cut sugar import by 40%
The management of Dangote Sugar Refinery Plc has said it is set to reduce the importation of sugar into the country by 40 per cent.
The President, Dangote Group, Aliko Dangote, said in a statement that it was embarking on Phase II of its…
Nigeria, others must prioritise SMEs for wealth creation – Elumelu
The chairman of Heirs Holdings and founder of the Tony Elumelu Foundation(TEF), Tony Elumelu has urged countries including Nigeria to prioritise the Small and Medium-sized Enterprises (SMEs) for wealth creation.
Elumelu gave the…
Federal Govt’s Protectionist Policies Fuelling Smuggling – Stakeholders
Stakeholders in the nation’s maritime sector, yesterday, called for a review of the federal government’s protectionist policies, saying, the long prohibition list of the country is fueling smuggling.
Speaking at the 2022 annual general…
Ecobank Nigeria unveils loans, remittances scheme
Ecobank Nigeria has unveiled a special scheme on Back2School loans and remittances for all its customers.
Head, Consumer Banking, Ecobank Nigeria, Korede Demola-Adeniyi said the loan offerings have been developed based on the bank’s…
Ibru: South-south can influence Nigeria politically if United
Gboyega Akinsanmi
Former Chairman of Ikeja Hotels Plc, Chief Goodie Ibru, has said South-south, a geo-political zone comprising six oil-producing states, can influence Nigeria politically if the people work in unity across the…
Relief as CBN releases $265m to foreign airlines
The Central Bank of Nigeria on Friday, released $265m to airlines operating in the country, to settle outstanding ticket sales to check a brewing crisis in the country’s aviation sector.
There have been serious concerns and reactions…
GDP: Finance and Insurance sector grows by 29.90% in Q2 2022
In the second quarter of 2022, the Finance and Insurance sector grew by 29.90% in nominal terms.
According to the National Bureau of Statistics' most recent GDP report.
Financial Institutions grew at a rate of 31.63%, while Insurance…
CBN disburses $265m to airlines to check repatriation challenges in aviation sector
The Central Bank of Nigeria (CBN) has released $265 million to domestic airlines to settle outstanding ticket sales.
The apex bank stated that this action was taken to avert a looming crisis in the country's aviation sector.
Details…
Reps summon Auditor-General of the Federation over fuel subsidy payments
The Nigerian House of Representatives has agreed to summon the Auditor General of the Federation, Mr Okolieaboh Sylvia, to provide documentary evidence on the audit of funds spent on fuel subsidies.
According to the News Agency of…