Fidelity Bank Plc has awarded N1 million to ten customers after emerging winners in the January draw of the bank’s Get Alert in Millions savings promo, season 5 (GAIM 5). It was learnt that the prizes were presented to the winners at the Awolowo Road, Ikoyi, Lagos branch of the bank and its several other branches across the six geo-political ...

KPMG has announced Stanbic IBTC Bank as the top-rated bank in the retail and SME segments in its 2021 Nigeria Banking Industry Customer Experience Survey. Chief Executive, Stanbic IBTC Bank, Wole Adeniyi expressed delight with the emergence of the financial institution as the highest-ranked bank in customer experience. He said the bank’s core objective is geared towards building long term ...

The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. In its amended guidelines to charges by banks, other financial institutions (OFIs), and non-bank financial institutions, the Central ...

The federal lower legislative chamber, the House of Representatives and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) on Thursday urged the Central Bank of Nigeria (CBN) to immediately suspend the implementation of the guidelines on the introduction of e-evaluator, e-invoicing for import and exports in Nigeria to allow adequate sensitisation on the workability of the ...

The Federal of Nigeria is set to generate N1.2 trillion from telecommunications operators in the next 10 years. In order to actualize this mission,  the Federal Executive Council (FEC) has authorised the Nigerian Communications Commission (NCC) to operate the Revenue Assurance Solution (RAS) for 10 years. It was learnt that within  that period, the RAS is expected to generate N1.2 ...

Nigeria and other developing countries with high foreign currency borrowings and external funding should prepare for possible turbulence The warning was Issued by financial global body, the International Monetary Fund. The IMF said this in a  blog post titled ‘A Disrupted Global Recovery’ discussing its World Economic Outlook. It will be recalled that Nigeria spent a sum of $520.78 million ...

Nigerian National Petroleum Corporation (NNPC) Limited has told Nigerians that said there is sufficient stock of petrol to meet local demand, It called on on the public to desist from panic buying of the Premium Motor Spirit (PMS), or petrol. Group General Manager Group Public Affairs Division, Garba Deen Muhammad, made this known in a press release, He said NNPC ...

Nigerian billionaire Aliko Dangote has topped the 2022 list of Africa’s richest persons for the 11th year in a row, Forbes magazine said in a report. Dangote’s wealth jumped from $12.1 billion last year to an estimated $13.9 billion. Forbes attributed the growth to a 30% increase in the stock price of Dangote Cement, his most valuable asset. “A surge ...

The Monetary Policy Committee (MPC) of the apex bank, Central Bank of Nigeria (CBN) has retained the interest rate parameters. Speaking with newsmen at the end of the MPC meeting in Abuja on Tuesday, CBN Governor Godwin Emefiele said members of the MPC unanimously agreed to retain retain the Monetary Policy Rate (MPR) at 11.5 per cent. They also agreed ...

Dangote Cement Plc has announced that the Securities and Exchange Commission (SEC) has granted the company approval to file its Annual Audited Financial Statements on or before February 28, 2022, which is within sixty days of its year-end. SEC also granted approval for Dangote Cement not to file its Fourth Quarter Unaudited returns within thirty days of its ending period. ...