Fidelity Bank Plc, a leading Nigerian bank, has reaffirmed its commitment to actively support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years. The Executive Director, Northern Businesses, Fidelity Bank Plc, Hassan Imam made this known on…
The Economic and Financial Crimes Commission, EFCC, Gombe Zonal Command, on Tuesday, February 22, 2022, secured the conviction of a former Minister of Water Resources in the administration former President Goodluck Jonathan, Sarah Ochekpe. Ochekpe was convicted along with two others, Evan Leo Sunday Jitong and Raymond Dabo, deputy director for Goodluck/Sambo 2015 election campaign…
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, recently hosted a webinar titled “2022 ‘Virtual Economic Outlook- Investing and planning in an election cycle”. The event which aimed at reflecting on economic trends that shaped 2021 and projecting into 2022, held on Monday, 14 February 2022. According to the financial services provider, the…
The founder of the Institute for Governance and Economic Transformation (IGET), Prof Kingsley Moghalu, has assured that he will create unity through what he called powerful communication of a vision of new possibilities and through executive actions. Speaking with Comrade Lawrence Onuzulike, the National President of Igbos For United And Progressive Nationhood (IPAN), he noted…
Abbey Mortgage Bank has been further capitalised to N6bn following the approval issued by the apex bank of N3.03bn equity capital raised during the last right issue exercise of the bank. This milestone is in line with the strategic plan of the Management to strengthen the position of the company to champion the most desired…
Ogun State government says it has paid up a total sum of N200 million grant to the Basic Health Care Provision Fund as part of its resolve to take advantage of the health scheme in the state. The state governor, Dapo Abiodun disclosed this at the launch of the Basic Health Care Provision Fund and…
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has joined the Managing Director of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe and a host of dignitaries including two state governors to commission a 400 metric tons per day mega rice mill in Kano state constructed by Gerawa Group of Companies. Speaking at…
The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected drivers of growth that would impact positively on the downstream sector of the Nigerian economy in 2022. Likewise, Financial Derivatives Company Limited, a financial institution, in its recent Economic Report for…
The Economic and Financial Crimes Commission (EFCC) have arrested members of a syndicate who specialize in counterfeiting foreign currencies, especially the dollar, for sale to unsuspecting members of the public. Wilson Uwujaren, spokesperson for the Commission, revealed this in a statement he issued on Tuesday in Abuja. Uwujaren stated that the Commission in a joint…
In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion of wheat production project. The disbursed fund is to consummate the expansion of Wheat Seed…