Saturday , 23 November 2024

Author Archives: NewsThumb Magz

Update: Alleged N2.9b fraud: EFCC files charge against Rochas Okorocha, six others

The Economic and Financial Crimes Commission (EFCC) has filed 17-count charge against a former Imo Governor Rochas Okorocha and six others. The charge filed before the Federal High Court in Abuja on Monday, has Anyim Nyerere Chinenye, Naphtali International Limited, Perfect Finish Multi Projects Limited, Consolid Projects Consulting Limited, Pramif International Limited, and Legend World Concepts Limited as other defendants. ... Read More »

The Dangote Refinery and Petrochemicals complex has been the MOST CHALLENGING case for Nigeria

A case of water water everywhere but not a drop to drink. The idea was wonderful; though could have been better refined in engineering design but still scores first class marks of >70%. The most serious challenges are: 1) PROCUREMENT – that the relatively simple skills required for the design, together with materials of construction were not available domestically, on ... Read More »

Stanbic IBTC Asset Management Set To Advance Customer Assets In 2022

In a bid to develop the Nigerian capital market and enhance the economy, Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, is set to advance customer assets in 2022 with its bouquet of investment solutions. Incorporated in 1992, Stanbic IBTC Asset Management has been providing investment services to foreign and domestic portfolio investors comprising global custodians, fund ... Read More »

FIRSTBANK’S SMECONNECT PORTAL COULD BE THE DIFFERENTIATOR FOR SMES IN NIGERIA

  Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time, reinventing themselves with cutting edge financial services that remain key to sustaining its relevance to not just its host communities ... Read More »

Fidelity Bank Rewards Customers in GAIM 5 Promo

L-R: Chief Digital Officer, Fidelity Bank Plc, Lanre Showunmi; Regional Bank Head, Ikoyi, Fidelity Bank Plc, Chetachi C. Ezenagu; N1 million cash prize winner, Stanley Sunday Okpoto; representative of N1 million cash prize winner (Ajoma Rachael Iyawo), Dare Ajayi; Group Head, Property, Procurement & Vendor Management, Fidelity Bank Plc, Uche Obodoekwe; Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede; ... Read More »

update : Nigeria’s forex inflow hits $55.5bn in seven months

The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria have shown. The rise in forex inflow was attributed to increased non-oil receipts and proceeds from Eurobonds, among other factors. According to the CBN’s economic reports, the country earned $18.3bn in the second quarter of 2021, $30.2bn in the third ... Read More »

Sterling & Founder Institute Fellowship Award holds in February

Sterling Bank Plc, Nigeria’s leading commercial bank, has said it will organize an award in early February, known as the Sterling Heart Fellowship Award, for tech founders whose businesses employ innovative solutions to tackle challenges in the HEART sectors and have been selected to partake in the Founder Institute Lagos Virtual Spring Program. The HEART sectors include health, education, agriculture, ... Read More »

Anti-Kidnapping Squad detained for extorting N43,800 from student

Some policemen attached to the Anti-Kidnapping Squad of the Oyo State Police Command have been arrested for allegedly extorting N43,800 from an undergraduate of the Olabisi Onabanjo University, Ago Iwoye, Ogun State, Ayodele Olamilekan. Our correspondent gathered that Olamilekan left his school on Wednesday, and was being conveyed to Ibadan, the Oyo State capital, in a commercial bus, when the ... Read More »

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