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FBN Insurance targets 1m customers in one year

Banks slash travel allowance, foreign school fees over FX shortage

Deposit Money Banks have slashed the amount their customers can apply for Personal Travel Allowance and schools fees as the foreign exchange worsens. Lenders have been forced to take drastic measures to meet their dollar obligations in recent times because of the shortage of foreign exchange. Some DMBs have sent emails to their customers on […]

oojopdnlimited-com
15th March 2023
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158 Views

Business

Foreign airlines stranded funds hit $743m

The International Air Transport Association revealed on Tuesday that the foreign airline funds trapped in Nigeria have increased from $662m in January 2023 to $743,721,09. This was according to a letter addressed to the Minister of Aviation, Hadi Sirika, and accessed by The Punch. The letter was signed by the Area Manager West and Central […]

oojopdnlimited-com
14th March 2023
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204 Views

Business

CBN holds MPC meeting March 20, 21

The Central Bank of Nigeria has on Tuesday announced the date for its 290th Monetary Policy Committee meeting. According to the announcement, it is a two-day meeting and it will be held on March 20 and 21, 2023 in Abuja. This was revealed in a post on the CBN’s verified Twitter account accessed by AmBusiness […]

oojopdnlimited-com
14th March 2023
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Ecobank reveals progress in quest to create strategic roadmap

Agribusiness

Ecobank, IITA train 16,000 youths to generate income through agriculture

In order to teach 16,000 Nigerian youths how to build wealth through agriculture, Ecobank Nigeria Limited announced a partnership with the International Institute of Tropical Agriculture. Young Nigerians between the ages of 18 and 40 are the target audience for the program, which will include important areas of specialty like poultry, aquaculture, horticulture, and value […]

bfatoyepdnlimited-com
14th March 2023
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142 Views

featured Policy and Regulations

Oil marketers shun CBN directive, reject old naira notes

Petrol marketers of Premium Motor Spirit, aka. Petrol stations, have continued to reject the old naira notes despite the recent directive from the Central Bank of Nigeria, as they clamour for the availability of the new naira notes to the public and an end to the confusing directives. According to them, Deposit Money Banks […]

aadelekepdnlimited-com
14th March 2023
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187 Views

Banking

Global financial stocks lose $465bn over SVB collapse

As a result of investors reducing their exposure to lenders from New York to Japan in the wake of Silicon Valley Bank’s failure, the market value of global financial equities has fallen by $465 billion in only two days. According to Bloomberg, the MSCI Asia Pacific Financials Index lost as much as 3.1% on Tuesday, dropping […]

bfatoyepdnlimited-com
14th March 2023
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191 Views

Foods

2.1bn Nigerian Breweries shares registered on SEC

The Securities and Exchange Commission has registered the 2,055,226,476 bonus shares that Nigerian Breweries shareholders authorized at an extraordinary general meeting on December 8, 2022. Nairametrics reported that this was made known in a corporate declaration that was issued to the Nigerian Exchange Limited. According to the statement, which was signed by the company secretary, Uaboi Agbbaku, […]

bfatoyepdnlimited-com
14th March 2023
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202 Views

Banking

SVB collapse deepens crisis fears despite US intervention

On Tuesday, after assurances from President Joe Biden and other authorities failed to soothe the markets and triggered a reevaluation of the outlook for interest rates, the fallout from the failure of Silicon Valley Bank further battered international bank equities. According to Reuters, Biden’s attempts to assuage investors’ concerns about a possible spread of the […]

jonuorahpdnlimited-com
14th March 2023
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150 Views

Foods

Dangote Sugar names Lawan Wabi non-executive director

Mrs. Yabawa Lawan Wabi has been appointed by the board of directors of Dangote Sugar Refinery Plc as an independent Non-Executive Director. Nairametrics reported that the appointment was disclosed in a notice to the Nigerian Exchange Limited The nomination was approved by the board at its meeting on February 28, 2023, according to a statement […]

bfatoyepdnlimited-com
14th March 2023
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180 Views

Business

US firm launches $30m fund for women-owned startups

Los Angeles Cleantech Incubator has launched a second fund and it’s supported by the former California Governor Arnold Schwarzenegger. The aim of the funds is to help communities who cannot easily access finance. The fund is expected to reach $30 million. LACI, was founded by the city of Los Angeles and its department of water and power […]

oojopdnlimited-com
14th March 2023
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226 Views

Airport security makes five arrests daily - FAAN

Business

Lagos airport runway shutdown mustn’t exceed eight weeks – Stakeholders

The Federal Airports Authority of Nigeria have been advised by some stakeholders to stick with the eight weeks period that have been scheduled for the maintenance of the Runway 18R and 36L of the Murtala Muhammed International Airport, Lagos. This followed the announcement on Monday on the shut of the Lagos airport runways for maintenance purposes. […]

oojopdnlimited-com
14th March 2023
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211 Views

Business

Group target ‘ambitious’ N30trn asset in 30 years

Lancelot Group has announced its projections to grow its assets to N10tn in the next 30 years. The Group Executive Chairman Mr Adebayo Adeleke, said this in a statement during a lunch event organised in commemoration of the the 30 years anniversary of the Group Ventures Limited in Ikeja, Lagos. Lancelot Group operates in the […]

oojopdnlimited-com
14th March 2023
0 Comments
181 Views

Transcorp announces Q1 profit of ₦50.7bn despite revenue

ADVAN recognised for advancing marketing practice, societal impact

International Breweries posts ₦40.31bn pre-tax profit in Q1

EFCC arrests ex-Skye Bank CEO Tunde Ayeni over

Contact Info

Some Populer Post

Trump cancels Iran peace talks in Pakistan

Resident doctors suspend strike as FG reverses allowance cut

Transcorp announces Q1 profit of ₦50.7bn despite revenue dip

UBA’s gross earnings hit ₦3tr

Banks slash travel allowance, foreign school fees over FX shortage

Foreign airlines stranded funds hit $743m

CBN holds MPC meeting March 20, 21

Ecobank, IITA train 16,000 youths to generate income through agriculture

Oil marketers shun CBN directive, reject old naira notes

Global financial stocks lose $465bn over SVB collapse

2.1bn Nigerian Breweries shares registered on SEC

SVB collapse deepens crisis fears despite US intervention

Dangote Sugar names Lawan Wabi non-executive director

US firm launches $30m fund for women-owned startups

Lagos airport runway shutdown mustn’t exceed eight weeks – Stakeholders

Group target ‘ambitious’ N30trn asset in 30 years

Trump cancels Iran peace talks in Pakistan

Resident doctors suspend strike as FG reverses allowance.

Transcorp announces Q1 profit of ₦50.7bn despite revenue.

UBA’s gross earnings hit ₦3tr

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