Keystone Bank Holds Empowerment Seminar for Abuja Customers

By Bliss Okperan A digital investment platform known as AltInvest has been introduced by a new kid in the banking industry in Nigeria, Alternative Bank. According to the non-interest lender, which commenced operations in October 2023, the new product empowers individuals to navigate seamlessly the investment world, blending ethical and digital features for increased accessibility. At the unveiling of the innovative financial solution at the 44th Kano International Trade Fair, the company also launched another produced AltBiz, which it said caters to the financial needs of businesses, offering a comprehensive suite of services to fuel growth, innovation, and sustainability. “These

By Adedapo Adesanya Nigerian bank, Union Bank, alongside energy company, Riverside LNG of Nigeria, have signed different agreements that involve a $500 million renewable energy pact and gas export between Nigerian and German entities. Union Bank and DWS Group signed a pact on cooperation in renewable energy while Riverside LNG of Nigeria and Johannes Schuetze Energy Import AG of Germany on the gas export partnership. President Bola Tinubu witnessed the signing of the two Memoranda of Understanding (MoU) in Berlin, Germany, at the 10th German-Nigerian Business Forum, according to Mr Ajuri Ngelale, the President’s Special Adviser on Media and Publicity.

By Aduragbemi Omiyale The popular Ajose Adeogun Street and Roundabout on Victoria Island, Lagos, is wearing a new look, thanks to Zenith Bank Plc, which designed the areas with beautiful Christmas decorations. The yearly ritual of the financial institution is a part of its Corporate Social Responsibility initiatives aimed at setting the tone for the Christmas and Yuletide seasons. Performing the Light-Up ceremony, the 17th of its kind recently, the chief executive of Zenith Bank, Mr Ebenezer Onyeagwu, expressed his delight in heralding the 2023 Yuletide season by lighting up the iconic Ajose Adeogun Street and Roundabout. He urged everyone

By Adedapo Adesanya Klasha, a leading global cross-border payments company, has been granted a Money Services Business (MSB) license by the Financial Crimes Enforcement Network (FinCEN) to operate in the world’s largest economy, the United States. This license authorizes Klasha to operate as a currency exchange and money transmitter in the US. With this MSB license, Klasha can now offer its innovative cross-border payment solutions and financial services to businesses in the United States that want to send and accept cross-border payments from Africa and carry out foreign exchange services and international money transfers with ease and security. “We are

By Dipo Olowookere The Economic and Financial Crimes Commission (EFCC) says it is currently intensifying investigations into the shady activities of an alleged serial fraudster, Mr Adeolu Adeyanju, who in spite of being behind bars is still defrauding unsuspecting individuals. His fraudulent activities out of the prison yard came to the fore after a complainant, a friend to a director at the Petroleum Products and Marketing Company (PPMC) petitioned the EFCC that Mr Adeyanju conned him into paying him N9 million. His modus operandi was to clone the telephone number of the director, using same to instruct the petitioner to

By Adedapo Adesanya The European Union (EU) has offered postgraduate scholarships to over 200 young Nigerians in top European universities under its flagship educational programme, Erasmus+. The figure represents a steep increase from the number of Nigerians that benefited from the initiative last year. The number of Nigerians selected for the Erasmus Mundus Joint Masters Degree Scholarships has quadrupled in the last four years, rising from 44 awardees in 2019; 93 in 2020; 133 in 2021 to the record number of over 200 awardees in 2022. It also places Nigeria second among countries with the highest number of students selected

By Adedapo Adesanya The Association of Maritime Truck Owners (AMATO) has threatened to down tools nationwide to protest the incessant arrest and detention of its members by officials of the Nigeria Customs Service (NCS). In a letter to the Comptroller General of Customs, Mr Hameed Ali, the President of AMATO, Mr Remi Ogungbemi, warned that if all detained trucks are not released immediately, the group will have no other choice than withdraw its services nationwide. Mr Ogungbemi also said that the seizure and possible auction of their trucks is causing untold hardship on truck owners, adding that for a long

By Modupe Gbadeyanka The board of directors of the Nigerian Breweries Plc has scheduled Wednesday, February 15, 2017, for a crucial meeting. During the meeting, to be held in Lagos, the board will consider and possibly approve the audited financial statements of the company for the year ended December 31, 2016. Also to be considered, according to a statement signed by the company’s legal adviser, Uaboi Agbebaku, is the proposal for the payment of dividend. In the statement, it was disclosed that the company’s closed period, which commenced on December 15, 2016, will expire on February 15, 2017. The Nigerian

By Modupe Gbadeyanka The League of Airport and Aviation Correspondents (LAAC) in Nigeria has announced Skyway Aviation Handling Company Plc (SAHCO) as ‘The Most Innovative Ground Handling Company in the country. This was at the 23rd Annual Conference and Awards of LAAC held at the Radisson Blu Hotel, Ikeja, Lagos and themed ‘Boosting Aviation Investment Through Policy,’ with various speakers from the industry analysing different topics. Some of these speakers were Capt. Roland Iyayi, CEO, TopBrass; Capt. Hamisu Yadudu, CEO, FAAN; Capt. Fola Akinkuotu, CEO, NAMA; Mr Nick Fadugba, President, African Business Aviation Association; Barr. Allen Onyema, Chairman/CEO, Air Peace

By Bliss Okperan The House of Representatives has asked that the Minister of Communication and Digital Economy, Mr Bosun Tijani, intervene in, halt and reverse the increase in the DSTV/GOTV tariffs by MultiChoice Nigeria. A member of the House, Mr Umar Ajilo, moved the motion on Tuesday on the floor, saying the prevailing economic hardship has made it difficult for subscribers to meet up with the increment. Recall that earlier this month, MultiChoice Nigeria introduced new rates for its DSTV and GOTV packages in the country, blaming rising costs of business operations for its action. “On Monday, November 6, 2023,

By Adedapo Adesanya The President of the African Development Bank (AfDB) Group, Mr Akinwumi Adesina, has warned Africa to prepare for an inevitable global food crisis. Speaking as a guest at the Atlantic Council’s Africa Center recently, the bank chief called for an increased sense of urgency amid what he described as a once-in-a-century convergence of global challenges for Africa. According to Mr Adesina, the continent’s most vulnerable countries have been hit hardest by conflict, climate change and the COVID-19 pandemic, which had upended economic and development progress in Africa. He warned that Africa, with the lowest GDP growth rates,

By Dipo Olowookere On Friday, August 4, 2017, the Naira closed for the week at the rate of N365 per Dollar at the parallel market, Business Post reports. Traders said they were impressed with the intervention of the Central Bank of Nigeria (CBN), which has, in recent times, stabilised the local currency against its foreign counterparts at the market. At the beginning of this week, the apex bank released $195 million into the foreign exchange market to meet demands of customers. At the black market, the Naira had soared to N363 to the Dollar on Wednesday, but lost N2 the