Over 1,000 women, children, widows and elderly men residing in Kano State have benefited from a two-day feeding program organised by Fidelity Bank in the state. The event, held in Kabuga Satellite Town, Kano, was executed in partnership with the Misnoory Foundation and saw beneficiaries take home packs of food items containing rice, gari, tomato paste and meat to celebrate ...

NGX Regulation Limited (NGX RegCo) has restated its commitment to ensure that the nation’s capital market remains fair, transparent and orderly, thriving on timely information. At the launch the first two IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2 Standards), in collaboration of the Financial Reporting Council (FRC) of Nigeria, International Sustainability Standards Board (ISSB), Chief Executive Officer, NGX ...

Stanbic IBTC Nominees, a subsidiary of Stanbic IBTC Bank, has been awarded the ‘Best Sub-Custodian Bank’ in Nigeria at the 2023 Global Finance Awards. This feat marks the 15th time the Bank has received the award, reaffirming its commitment to providing innovative and efficient services to clients worldwide. Standard Bank Group, one of Africa’s largest banks and the parent company ...

The Nigerian Exchange Limited, NGX has blacklisted 12 stock broking firms for non compliance with shareholders fund as required by regulation to operate in the Nigerian stock market. The firms are: First Stockbrokers Limited, GMT Securities Limited, Standard Alliance Capital & Asset Management Limited, Enterprise Stockbrokers Limited, Adamawa Securities Limited, Gombe Securities Limited, CEB Securities Limited and Horizon Stockbrokers Limited. ...

Access Bank‘s W Initiative has announced the opening of applications for the highly anticipated 2023 edition of its Womenpreneur Pitch-a-ton. The application process will began on Monday, June 26, 2023, and will run until Friday, August 11, 2023. The Womenpreneur Pitch-a-ton program spans three months and includes an eight-week mini-MBA training program conducted in collaboration with the International Finance Corporation ...

The naira has depreciated N765.13 per dollar in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window rose to N765.13 per dollar from N763.17 per dollar on Wednesday, indicating N1.96 depreciation for the naira. Similarly, the naira depreciated by N14 in the parallel market yesterday. Vanguard findings from black market traders ...

The co-chair of Bill & Melinda Gates Foundation, Bill Gates has said investment in and participation of smart young talents are key to the growth of Nigerian economy. The American, who has been in the country, made the submission in a wide-ranging conversation with CEO of Co-Creation Hub Nigeria, Dr. ‘Bosun Tijani, at the Pan-African Youth Forum 2023. Gates reiterated ...

For the first time in decades, the naira exchange rate at the Investors and Exporters (I&E) window – the official market rate – weakened below the parallel market rate. The naira depreciated by N107 to close at N770/$1 at the I&E window yesterday, weaker than the N757/$ it exchanged at the parallel market rate. The local currency, which closed on ...

The Central Bank of Nigeria (CBN) has said its stance on banned 43 non-eligible items for foeriegn exchange introduced under by its suspended Governor, Godwin Emefiele, remains unchanged. This is coming after the apex bank recently made operational changes to activities in the Nigerian Foreign Exchange (FX) market. It also added that items are not be funded with forex from ...

President Dangote Group, Aliko Dangote, has been overtaken as African richest man after his net worth dropped by 20.7 per cent. It was amid the naira devaluation implemented by the Central Bank of Nigeria (CBN), Forbes Billionaire Ranking released yesterday reveals. Dangote now ranks the second on the continent after South African billionaire, Johann Rupert dislodged him to number one ...