Business

AbokiFX Announces Interim Suspension Of forex rate updates as CBN investigates founder ABOKIFX, the website that quotes daily foreign exchange rates against the naira, has announced the interim suspension of the updates on its platform following serious allegations of currency manipulation, speculation and illegal dealings in forex levelled against it ...

UBA’s Half-year Profit Grows By 33% to N76.2 Billion… Declares 20k per share interim dividend Africa’s leading financial institution, the United Bank for Africa (UBA) Plc has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines ...

Heritage Bank, others bankroll SCOA handover of trucks, equipment to Julius Berger worth N15.5bn Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider and seven other banks have provided a total of N15.5billion to assist SCOA Nigeria Plc for the importation and supply of MAN Platform Trucks and equipment to ...

ABUAD Teaching Hospital’s Edge Over Others In Nigeria In this exclusive interview with a team of reporters, Dr. Akinola Akinmade, Deputy Chief Medical Director of the Afe Babalola University Teaching Hospital, ABUADTH, talks about Aare Afe Babalola, the founder’s commitment to attracting the world to Nigeria for excellent medical care ...

FIRSTBANK LAUNCHES LIT APP, A REVOLUTIONARY MOBILE BANKING APPLICATION, REINFORCES ITS COMMITMENT TO PUT CUSTOMERS FIRST. In furtherance of its commitment to spearhead value-driven mobile and digital banking in Nigeria, FirstBank of Nigeria Limited has announced the launch of the LIT Application, created to revolutionise the culture and experience of ...

Naira ends losing streak against U.S dollar After consecutive devaluation, the Naira posted a gain against the US dollar at both the official and unofficial market windows of the forex market on Tuesday. According to abokiFX, Naira closed at N526.00 per $1 at the black market on a N1.00 or ...

Access Bank launches awareness campaign to combat E-banking fraud   As part of its continued commitment to educate and protect customers from e-banking fraud, Africa’s largest retail bank, Access Bank Plc, has launched an awareness campaign aimed at sensitizing customers on measures they can take to protect themselves.   The ...

FIRSTBANK’S SPONSORED ”FIRST CLASS MATERIAL” CONTINUES TO EMPOWER AND CELEBRATE THE NIGERIAN YOUTH.   FirstBank of Nigeria Limited, Nigeria’s premier and leading financial services provider has again reinforced its commitment to Youth Empowerment and Entrepreneurship through its sponsorship of the docuseries ”First Class Material” from the stables of Linda Ikeji ...

FIRSTBANK SPONSORS THE 5TH EDITION OF THE CHIEF OLUSEGUN OBASANJO GOLF TOURNAMENT First Bank of Nigeria Limited has announced its sponsorship of the 5th edition of the Chief Olusegun Obasanjo golf tournament, organized by the Abeokuta golf club. The competition, which is scheduled to hold on Saturday, 14th August 2021 ...

Nigeria has been listed as the fifth-highest borrower from the World Bank Group and among the 10 highest debt risk exposure globally. This is contained in a recent report which is the Fiscal Year 2021 (FY21) financial statement of the International Development Association (IDA), a subsidiary of the World Bank. ...