Fidelity Bank to Give Customers Valentine Treat

By Adedapo Adesanya One of Africa’s biggest financial institutions, Access Bank, is close to finalizing a regulatory process to launch its first full banking service in Asia in the first quarter of 2024. This was disclosed by the chief executive of its holding company, Mr Herbert Wigwe, on the sidelines of the Africa Financial Industry Summit in Lomé, Togo, as per Semafor. The Nigerian lender’s plan to enter the Asian market is part of a wider global expansion target which includes a strategy to expand more deeply into Francophone Africa, build closer ties with North Africa, and across Europe where

By Modupe Gbadeyanka A partnership for the deployment of a patronage reward product has been entered into between Unity Bank Plc and Cashtoken, a cash reward-as-a-service company that operates a loyalty programme designed to power customer engagement and improve customer satisfaction. This collaboration will see the bank’s customers winning millions of Naira in cash rewards and guaranteed instant cashback. A statement issued by Unity Bank said this scheme provides an opportunity to migrate old and new customers to a platform that will continually create exciting rewards and appreciation for loyalty. It said this initiative would not only reward existing customers

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

Sterling Bank Limited’s cutting-edge investment platform, Doubble, has been upgraded with new features aimed at improving investment returns for existing and new customers. With various flexible naira and dollar investment options, including money market offerings with returns higher than your bank’s returns on savings. The digital savings and investment platform provides a seamless avenue for individuals to build wealth. Users are provided with a guaranteed income stream and fixed growth over a set period, as well as a hedge against market volatility, the ability to secure loans against account balances, and the convenience of transferring the annuity to a spouse

By Investors Hub The major U.S. index futures are pointing to a lower opening on Tuesday following the strong upward move seen last week. Profit taking may contribute to initial weakness on Wall Street, although trading activity may remain somewhat subdued ahead of the release of the minutes of the latest Federal Reserve meeting on Wednesday. Stocks moved mostly higher in morning trading on Friday but turned mixed over the course of the session. The major averages eventually ended the day on opposite sides of the unchanged line. While the Dow and the S&P 500 closed higher for sixth consecutive

By Adedapo Adesanya  In line with plans to expand gas usage and reach, the West African Gas Pipeline Company Limited (WAPCo) has announced that it would resume its supply of natural gas from Nigeria to neighbouring Republic of Benin, Togo and Ghana. This was disclosed in a statement released on Friday during the announcement of the successful completion of the cleaning and inspection of its 20 feet offshore pipeline from Badagry in Nigeria to Takoradi in Ghana. WAPCo is the operator of the West African Gas Pipeline, which was built to supply natural gas from Nigeria to customers in Republic

By Adedapo Adesanya  The new trading week closed on Monday, September 16, 2019 at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market with the Naira depreciating by 28 Kobo or 0.08 against the US Dollar. According to data gathered from the FMDQ website by Business Post, the local currency traded at N362.32/$ against the American currency at the investors’ window yesterday compared with N362.04/$ it was exchanged in the previous trading day on Friday. However, further details show that the segment recorded a drastic drop in its daily market turnover from what was recorded last Friday.

By Dipo Olowookere It was celebration galore on Saturday, February 4, 2017 in Oghara, the hometown of former Governor of Delta State, Mr James Ibori, when he returned from the United Kingdom, where he served jail term for fraud. Residents of the state, including policemen, were on ground to welcome the former Governor back to Oghara after years in prison. Mr Ibori returned to Nigeria on Saturday morning via the Nnamdi Azikwe International Airport in Abuja. The former Governor was seen wearing smile as he was welcomed back to the state.

By Adedapo Adesanya Nigeria’s debt profile has been a source of worry to many and recently, with the current reality in the global economy as a result of the coronavirus pandemic, which coincided with President Muhammadu Buhari’s request for an additional $22.7 billion external loan, there have fresh reservations on the capability of the country to incur more debts. Recently, the Debt Management Office (DMO) warned that the country could not hold its own especially with the impact that the virus is having on the country’s economy, making it impossible to service the debts on ground. According to analysts, the

By Adedapo Adesanya The Joint Military Taskforce operating in the Niger Delta, Operation Delta Safe, says it has conducted series of anti-illegal oil bunkering and raid operations, leading to the deactivation of several illegal oil refining sites across the region. This was disclosed by the Acting Director, Defence Media Operations, Brigadier General Bernard Onyeuko after the raid. He noted that several illegal pipelines connected to a pipeline operated by the Shell Petroleum Development Company of Nigeria Limited (SPDC) in Ibaa, Emuoha Local Government Area of Rivers State, were disconnected. He added that troops, during the aggressive raids, conducted between June

By Dipo Olowookere The uptrend seen lately at the Nigerian Stock Exchange (NSE) continued on Tuesday with the market closing 1.20 per cent higher. As it was in the previous session, yesterday’s outcome was boosted by the interest in the equities of Dangote Cement as investors are buying the stock because of the share buy-back programme of the company scheduled for next week. At the close of business on Tuesday, the All-Share Index (ASI) increased by 450.21 points to settle at 37,893.61 points in contrast to the previous 37,443.40 points, while the market capitalisation went up by N236 billion to

By Dipo Olowookere There have been many testimonies from holders of accounts in Guaranty Trust Bank Plc (GTBank) that the *737* mobile banking code has taken financial transactions to another level. The initiative by GTBank has been applauded by many because they say it has exceeded customers’ expectation. The *737* is a mobile channel, which enables the bank’s customers to conveniently perform third party transfers to both GTBank and other bank account holders in Nigeria via mobile phones. This is done by dialling the right code with details of the amount and account number of the beneficiary, writes Mobile payment