Monthly Archives: May 2022

Buhari appoints Anamekwe Chukwunyere as new Accountant-General

The Presidency has approved the appointment of Anamekwe Chukwunyere Nwabuoku as the new Accountant-General of the Federation. The new development follows the recent suspension of Ahmed Idris over allegation of corrupt practices. Nwabuoku’s appointment by President Mohammadu Buhari was confirmed in a letter signed by the Permanent Secretary of Finance, Federal Ministry of Finance, Budget and National Planning, Aliyu Ahmed, ...

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Refinery: Report says Dangote currently broke

A new report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his refinery by 2023. The report published by Fitch, the world’s biggest global rating agency, alleges that the Nigerian billionaire requires an additional $1.1 billion (900 billion) to complete the refinery but has invested all his cash and even borrowed ...

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Access Holdings Plc sets to acquire First Guarantee Pension Limited

Following its divestment from its own pension business, Access Holdings Plc, the parent company of Access Bank Plc has announced plans to acquire a majority equity stake in FBN Holding’s pension subsidiary, First Guarantee Pension Limited. The Group, according to a disclosure filed with the exchange (NGX), has entered into an agreement with the company regarding the potential acquisition of ...

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UBA sets to expand its Artificial Intelligence chatbot

In a bid to give facelift to its operational activities, United Bank for Africa (UBA) Plc has announced the expansion of the services of Leo, its Artificial Intelligence chatbot to Google Business Chat and Instagram. Leo – UBA’s AI-powered chatbot, which enables customers to make use of their social media accounts to carry out key banking transactions – was first ...

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Nigeria needs DFIs to solve economic challenges- BoI MD

The Bank of Industry has called for the increased collaboration of Development Finance Institutions (DFIs) to end some of the nation’s economic challenges. This was made known by the Managing Director, Bank of Industry (BoI), Olukayode Pitan at the Nigerian Development Finance Institution’s annual general meeting. According to the Chairman of the group, it is compelling for DFIs to increase ...

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UBA says it has transacted over 25,000 trade transactions in four months

One of the foremost banks, United Bank for Africa (UBA) Plc says it has processed over 25,000 trade transactions in the last four months. According to the bank, it  was able to achieve this by leveraging cutting-edge technology to enhance its service provisioning to meet its customers’ demands. It added that e trade transactions successfully processed by the bank between ...

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Airtel Nigeria unveils state-of-the-art data center for business owners

Top telecom company, Airtel Nigeria, on Tuesday April 12th in Lagos unveiled its state-of-the-art Tier 3 data centre for commercial use. According to the group,  its mission to help provide perfect uptime and peerless security for servers it houses as well as cloud services for businesses and government establishments across the country. Awarded the high-end Tier 3 ANSI/TIA-942 certification by ...

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Bureaux de change operators propose roadmap campaign to save naira from further depreciation

The Association of Bureaux De Change Operators of Nigeria (ABCON) has developed a roadmap campign to save the naira from further depreciation and achieve exchange rate stability. The ABCON National Executive Council, which disclosed this yesterday in Lagos, said the naira is exchanging at N596/$ at the parallel market and N415.83/$ at the official market, creating a rate gap of ...

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SEC proposes guidelines to digitalize all capital market operations

The Securities and Exchange Commission (SEC) has proposed some guidelines that will allow capital market operators and investors to digitize all of their processes. The requirements are contained in the Minimum Operating Standards for Information Technology for capital market operators recently exposed to the public, released by the SEC. The commission argued that rules establishing basic market operating criteria were ...

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We need govt intervention urgently to save our business from from collapsing- Airline operator

Managing Director, Aero Contractors, Captain Abdulahi Mahmood has called on the Federal Government to come to the rescue of indigenous carriers , which are getting overwhelmed with numerous challenges. Mahmood said the challenges faced by operators need urgent intervention to save them from collapse. The Aero Contractors boss , who decried the persistent aviation fuel crisis, said the airlines are ...

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