In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc has announced plans to host the maiden edition of the Fidelity Family Weekend. Scheduled to hold on Saturday, 16th and Sunday, 17th at the Fidelity Grounds, Oniru, Victoria Island, Lagos, the event is designed to create a fun and a relaxed atmosphere for children to play, parents to …

The Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank to halt loans to Nigeria’s 36 states, citing allegations of mismanagement of public funds. The National Bureau of Statistics revealed that each Nigerian carries a debt of N396,376.19. Nigeria’s total public debt surged by 75.27 per cent, reaching N87.38tn in Q2 2023. SERAP, in a letter called on …

The Naira fell from N840.53/$ to N956/$ on Thursday on the official Investor and Exporter foreign exchange window. This is as dollar supply declined by 46.77 per cent. The crash in the exchange rate is 13.78 over Wednesday’s trading, according to data from the FMDQ Securities Exchange. Also, the turnover of dollars traded in the market fell to $105.50 million …

More winners have emerged in the Stanbic IBTC Bank Reward4Saving Season 3 promo for October, with 70 customers awarded cash prizes of N100,000 each in the monthly draw. The event was held at the bank’s Walter Carrington Crescent head office in Lagos, where winners were presented with their corresponding cheques at the event last Friday. The Reward4Saving promo, a reward …

Sterling Bank has announced its continued partnership with the Book Buzz Foundation for the 11th edition of the Ake Arts and Books Festival, taking place from 22nd to 24th November, in Ikeja, Lagos. This collaboration reaffirms Sterling Bank’s unwavering commitment to enriching lives and investing in the communities it serves. The bank firmly believes that its prosperity is intertwined with …

Luxembourg-based Universal Green Energy Access Programme (UGEAP), and Union Bank of Nigeria have formalised a strategic partnership to catalyse the development of the renewable energy market in Nigeria. This collaboration, marked initially by a Memorandum of Understanding (MoU), aims to drive sustainable energy access for households and small and medium businesses across Sub-Saharan Africa, primarily focusing on Nigeria. A 15-year …

Stanbic IBTC Holdings, a member of Standard Bank Group, is set to host the ninth edition of its annual flagship corporate social investment initiative, the Together4ALimb Walk. The event, which is scheduled to take place on Saturday, 25th November 2023, in Lagos, reaffirms Stanbic IBTC’s commitment to supporting children living with limb loss. This year’s Walk will witness an increase …

The wife of billionaire businessman, Tony Elumelu, Dr. Vivian Awele, and a company he founded, HH Capital Limited, have acquired 23,196,236 units of the shares of the United Bank for Africa (UBA). This was revealed in corporate notices on insider trading filed with the Nigerian Exchange Limited on Monday. Mrs Elumelu bought a total of 9,624,441 units of UBA shares …

Polaris Bank, Nigeria’s leading digital retail bank, in partnership with Eventful Limited, will host the 2023 season end edition of The Fashion Souk 9.0 scheduled to hold at the Harbour Point, Victoria Island, Lagos on 2nd and 3rd December. The Fashion Souk is Nigeria’s premier marketplace where smart Small and Medium-sized Enterprises (SMEs) in the fashion industry gather to display …

The 1984 alumni and pioneer set of CitiBank Nigeria held a private dinner in Ikoyi Lagos at the weekend to celebrate one of their own, Dr. Olayemi Cardoso on his appointment as the Governor of the Central Bank of Nigeria (CBN). Cardoso served as Chairman of the bank for 12 years and retired last year. At the time the accountant …