Federal Government has directed Mobile Network Operators (MNOs) to put the planned suspension of the USSD services on hold. The directive was contained in a statement signed by the Technical Assistant (Information Technology) to the Minister of Communications and Digital Economy, Dr Femi Adeluyi. This follows the suspension, which was to take effect on Monday, 15th of March, 2021 due ... Read More »

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global Transfer (FGT) initiative is specifically designed ... Read More »

Sterling Bank Plc has been honoured with the Special Recognition Award for Tourism Support at the 2021 edition of the Nigeria Tourism Awards, also known as The Balearica Awards. The Nigeria Tourism Awards recognise and celebrate exemplary and outstanding individuals and organisations in the country’s tourism sector. Presenting the award to the Bank, Efetobo byAwhana, CEO of the Balearica Awards, ... Read More »

Ecobank has reiterated that it remains the partner of choice in Africa for export trade because of its unique positioning, wide network, pan African payment switch, settlement capabilities, award winning digital products and strategic focus. Kola Adeleke, Executive Director, Corporate Banking, Ecobank Nigeria made this assertion while speaking on African Continental Free Trade Area (AfCFTA) strategy, opportunities, challenges in export and ... Read More »

The Petroleum Products Pricing Agency (PPPRA) on Friday removed its latest Premium Motor Spirit (PMS) petrol pricing template of N212.61 per litre from its website. This followed outcry on the social media as the story of upward review of the pump price went viral on Friday morning. Its spokesperson, Folasade Kayode, who our correspondent called on phone for comments on ... Read More »

THE House of Representatives has summoned the new Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, to come forward and explain the circumstances surrounding the transfer of some forfeited assets to the Office of the Attorney General of the Federation. Also to appear before an ad hoc committee of the House set up to compile and review projects ... Read More »

​ ​ ​Fidelity Bank Plc, a leading Nigerian bank​ has restated its readiness to continually support the Central Bank of Nigeria’s (CBN) efforts to engender sustainable economic development by significantly improving diaspora remittances and foreign exchange (FX) inflows into the country.​ ​ ​ ​Fidelity Bank CEO, Mrs. Nneka Onyeali-Ikpe who made this known on Saturday at the inaugural edition of the Fidelity ... Read More »

MTN Group on Monday announced the appointment of Chika Ekeji as Executive Strategy and Transformation officer, as part of plans to further bolster management capacity to accelerate the group’s strategic ambitions. Effective from March 15, Mr Ekeji would join Africa’s leading mobile operator from Management Consultancy, McKinsey & Company in Nigeria. He had previously led the West Africa Digital Practice ... Read More »

 Pan African financial institution, United Bank for Africa (UBA), Plc is set to change the face of digital banking services with its new mobile banking app aimed at delivering first-rate services to customers. The new UBA mobile banking app, has been armed with benefits and features designed to give its customers increased control and accessibility to carry out transactions with ease. UBA’s Group Head, Digital Banking, Kayode ... Read More »

Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider is rewarding customers with N5 for every dollar received through foreign remittances. This N5 for a dollar incentive is paid to FirstBank’s customers regardless of their preference to collect the USD as cash across the counter in any of the Bank’s over 750 branches nationwide or as transfer into the customers domiciliary ... Read More »