Children’s Day: Kings College Head Boy Takes Over as Unity Bank CEO

By Adedapo Adesanya  The Central Bank of Nigeria (CBN) would likely direct banks to increase their capital base in the coming months as part of a new policy push towards a $1 trillion Nigerian economy. The Governor of the apex bank, Mr Olayemi Cardoso, said this while delivering his keynote address at the 58th Annual Chartered Institute of Bankers of Nigeria (CIBN) dinner in Lagos on Friday. The new CBN chief used the event to unveil the bank’s monetary policy thrust and economic outlook for 2024, following the cancellation of the Monetary Policy Committee (MPC) meeting for the quarter. “We

Agriculture is not just an industry; it’s the lifeblood of nations. It fuels economies, nourishes communities and sustains livelihoods. Access Bank, a leading financial institution in Africa, understands the vital role agriculture plays in the nation’s prosperity. In a bold move that underscores its unwavering commitment to fostering agricultural growth and ensuring food security in Nigeria, Access Bank is proud to announce the grand relaunch of its Agriculture Desk. The enhanced desk is aimed at empowering farmers, agribusinesses and the agriculture sector as a whole. For years, Access Bank has been at the forefront of supporting agriculture and agribusiness in

By Modupe Gbadeyanka A total of N7 million has been won by 70 customers of Stanbic IBTC Bank Limited in season three of the lender’s Reward4Saving promo. The winners were given N100,000 each in the October draw held recently, with their corresponding cheques presented to them on Friday, November 10, 2023, at the headquarters of the company in Lagos. The third season of the promo started in September 2023 and 140 people have been rewarded so far with N100,000 each. There are 10 draws left until the end of season three and 700 new and existing customers from our seven

By Aduragbemi Omiyale Young Nigerians living in Abuja who intend to deepen their knowledge in digital education now have a place to go, GoMyCode’s hackerspace. The facility would be used to train and transforms participants into skilled professionals, ready to navigate the digital age. It is the fifth hackerspace the company is establishing in Nigeria, solidifying its footprint in the country. Similar facilities are already in Yaba, Ikeja, Festac and Lekki, all in Lagos. The transformative mission of GoMyCode’s is to democratise tech education and empower thousands of students in the country, equipping them with critical digital skills to support

**Reiterates the Role of Technology in Financial, Payment Innovation By Modupe Gbadeyanka The Managing Director of the Nigeria Inter-Bank Settlement System (NIBSS), Mr Premier Oiwoh, has reiterated the role of technology in the provision of financial and payment innovation. “We are aware that digital financial inclusion enables access to financial services and advances the economic progress in underserved market segments. “In ensuring that the financially excluded are efficiently and effectively catered for within the ecosystem, we have created a platform-based payment system to enable the players in the ecosystem to innovate and thrive,” Mr Oiwoh said ahead of the International

By Dipo Olowookere If the forecast of analysts at FSDH Research is anything to go by, Nigeria will likely not meet the target of a single digit inflation rate set for 2018 at the beginning of this year. This is because those at the investment research firm said with the present situation, that target will likely not be met. In its weekly insight released on Monday, August 6, 2018, FSDH Research is predicting that the inflation rate will likely end the year at 10.40 percent. Business Post reports that in June 2018, the National Bureau of Statistics (NBS) disclosed that

By Adedapo Adesanya The Naira was stable against the US Dollar at the Investors and Exporters (I&E) and the parallel market segments of the foreign exchange market on Wednesday, March 17. At the I&E window, the local currency was sold at the same rate it was traded against the greenback on Tuesday at N409.75/$1 despite a significant increase in the day’s turnover. According to data from the FMDQ Securities Exchange, transactions at the window increased yesterday by 359.4 per cent as trades valued at $148.54 million were executed in contrast to $32.33 million recorded at the preceding session. At the

By Adedapo Adesanya The Naira tumbled against the Dollar in the parallel market on Thursday after the Central Bank of Nigeria (CBN) refuted reports that it had devalued the local currency to N630/$1 in the official market. The central bank described the news report as fake news, urging members of the public to disregard it as it had not authorised such. This affected the value of the Nigerian currency on the streets yesterday as it lost N10 against the US Dollar to close at N750/$1 compared with Wednesday’s value of N740/$1. In the official segment, which is also the Investors

By Modupe Gbadeyanka A top fitness trainer, Ruby Agu, has entered into a partnership with Heritage Bank to promote the well-being and ‘Timeless Health’ of Nigerian women. The Dance Aerobics session, which will be anchored by Ruby Agu, who is a certified Fitness Trainer, Weight Management Specialist and Wellness Blogger, and Tomi Oyesola, Heritage Bank’s Group Head of Retail Banking for Lagos Island Region, who is a fitness enthusiast herself, is aimed at fostering a sense of wellness among women staff and customers of Heritage Bank as part of the activities to mark the International Women’s Day. According to a

By Modupe Gbadeyanka The federal government has said each youth in Nigeria is entitled to an interest-free loan of N250,000 to N5 million and all is needed to claim the fund are phone number, account number and the Bank Verification Number (BVN). The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who made this disclosure, the fund is from the N75 billion approved by President Muhammadu Buhari for youth empowerment for three years. In a meeting last Friday with religious leaders and 77 District Heads from the 23 local government areas in Kaduna State, the Minister said the

By Modupe Gbadeyanka As part of its contribution to the fight against COVID-19, Konnect, a subsidiary of Eutelsat Communications, has offered to provide broadband internet connection to all the isolation centres in Sokoto State. With this, patients at the health facilities will have the opportunity to keep tab with happenings from across the globe with high-speed internet. According to the firm, each isolation centre in the northern Nigerian state will benefit from free broadband connectivity made possible with the collaboration of Coollink, a foremost ISP in Nigeria. Konnect, in partnership with Coollink, has been operating in Nigeria since 2017, with