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The Central Bank of Nigeria has called on Nigerians to be patient as the management of the apex bank is doing everything possible to ensure that Naira is strengthened. He said this at the 2024 public lecture entitled, “Recent Developments in the Nigerian Foreign Exchange Market: Issues, Options and Way Forward”, organized by the Nigerian Economic Society, NES, at the ... Read More »

FirstBank has launched the second season of its Cash Out promo designed to reward users of FirstMobile, its industry-leading mobile banking solution. The FirstBank Cash Out Promo 2.0 which began on Monday, 15 January 2024, ends on Friday, 15 March 2024, and is open to new and existing customers. Leading up to the grand finale – with 1 million naira ... Read More »

Our bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024. Our Chairman, Tony Elumelu, would also be giving the keynote address during the ... Read More »

Operators of small and medium enterprises (SMEs) in the country have been advised to leverage on eCommerce to boost sales and grow their business. This view was canvassed by Chief Commercial Officer, Jumia Nigeria, Ijeoma Arum, in her presentation titled: Growing your business, presented at the maiden edition of Ecobank Nigeria’s MySME Growth Series. The MySME Growth Series is an ... Read More »

FirstBank, Nigeria’s premier financial institution and financial inclusion services provider, was announced as the Best Corporate Bank at the recent prestigious Euromoney Awards for Excellence, Nigeria 2023.The Bank clinched the coveted award based on its 130-year commitment to enabling its corporate customers achieve success through relevant and tailored financial solutions. FirstBank’s continuous investment in technology has been crucial to its ... Read More »

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso on Friday, February 9, said the apex bank will no longer grant Ways and Means Advances to the federal government unless the outstanding balance is settled. The apex bank also said it has halted “quasi-fiscal measures” of over N10 trillion it pays under the guise of development finance interventions. ... Read More »

In what has been termed a significant milestone in the advancement of Nigeria’s domestic gas industry and the generation of gas revenues, Temile Development Company Ltd -a key indigenous player in the oil and gas industry- recently commissioned a 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) Carrier. Named ‘Alfred Temile 10’, the vessel was part-financed by leading Nigerian bank ... Read More »

At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters, Newsthumb has learned. A source at the apex bank told our correspondent exclusively that the plan, though heavily criticised, was still in motion, and affected staffers would be resuming on Friday. “Yes, the plan ... Read More »

The NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and content creation company based on data from the Securities & Exchange Commission (SEC). NOVAmbl Asset Management is a subsidiary of NOVA Merchant Bank. SEC had reported that a total of 21 dollar funds registered during ... Read More »

As part of its Corporate Social Responsibility (CSR) initiatives designed to empower Nigerian youths with quality education, leading financial institution, Fidelity Bank Plc, has launched a creative writing competition for secondary school students dubbed Read2Lead. Themed Read2lead, the three-stage competition would see secondary school students hone their reading and writing skill while competing for millions of naira in cash rewards, ... Read More »