VBank Brightens Spirits at Lagos NYSC Orientation Camp

By Adedapo Adesanya Yellow Card has joined forces with MoonPay, a global leader in the cryptocurrency ecosystem, towards expanding cryptocurrency accessibility in Nigeria by leveraging local bank transfers. Despite a ban on trading via official channels, Nigeria has emerged as a powerhouse in the African cryptocurrency landscape, with increasing numbers of individuals turning to digital assets to hedge against inflation and economic uncertainty. The volatility in the local crypto market, marked by the recent challenges faced by various crypto companies in Nigeria, has underscored the critical need for a stable and reliable means of accessing cryptocurrencies. This partnership between both

By Modupe Gbadeyanka Africa’s leading payment cards and digital tokens brand, Verve, has joined forces with a fast-rising digital bank, Moniepoint Microfinance Bank, to provide customers with cutting-edge financial solutions. Recall that recently, Moniepoint announced its foray into the retail banking segment, issuing debt cards to its customers. The financial technology (fintech) firm boasts over 1.5 million businesses using its terminals across Nigeria to serve 30 million banked Nigerians. To pave the way for enhanced access to financial services for Nigerians and bridge the gap between traditional banking and modern fintech innovations, both parties are collaborating. The partnership will give

By Aduragbemi Omiyale The forthcoming trade expo organised by Fidelity Bank Plc has received the endorsement of the Mayor of Houston Texas, Mr Sylvester Turner. Mr Turner, in a short video, highlighted the several side attractions scheduled for FITCC Houston and encouraged businesses to take advantage of the expo to expand their businesses beyond borders. He described the event as “A catalyst to support bilateral trade between Nigeria and Houston; and an opportunity for the Houston community and the diaspora to explore emerging trends, forge new partnerships and unlock new possibilities.” The Nigerian lender will, on Tuesday, October 24 and

By Adedapo Adesanya The lawmaker representing Kosofe Constituency 2 in the Lagos State House of Assembly, Mr Tunde Braimoh, is dead. News of his demise was announced on Friday morning. Until his death, he was the chairman of the House Committee on Information, Security and Strategy in the state parliament. Mr Braimoh had also served in the parliament as the chairman House Committee on Judiciary, Petitions and Lagos State Independent Electoral Commission (LASIEC). He had also in his capacity serve as a one-time chairman of Kosofe Local Government Area, now known as Ikosi-Isheri Local Council. He was going to clock

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) may offer treasury bills at the primary market as high as 16.20 percent before the end of this year. This is the forecast given by analysts at notable Lagos-based investment company, FSDH Research, in a report released last week. According to the report obtained by Business Post, the apex bank may want to offer the T-bills at such high stop rate in order to curb the incessant movement of funds out of the country by foreign portfolio investors (FPIs), who are mainly leaving for better yields in advanced economies. It noted

By Dipo Olowookere A partnership deal has been signed between SAP and MainOne on the provision of enterprise solutions in West Africa. SAP is a leader in enterprise applications for software and software-related service, while MainOne is West Africa’s premier connectivity and data centre solutions provider. Announcing the agreement in Lagos recently, it was revealed that partnership covers the provision of high-quality cloud and infrastructure operations services for customers running SAP solutions in West Africa. Managing Director of SAP West Africa, Mr Kudzai Danha said more than ever, SAP Africa was excited about the certification of MainOne’s Data Center as

By Adedapo Adesanya President Muhammadu Buhari has approved the appointment of Mr Atuonwo Obinna as Chairman of the Petroleum Product Pricing Regulatory Agency (PPPRA). This was contained in a statement signed by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, made available to newsmen in Abuja. Mr Adesina said the President also approved the reappointment of the agency’s Executive Secretary, Mr Abdulkadir Saidu, for another four years. According to him, the appointment of Mr Obinna as PPPRA Chairman for a four-year term is in accordance with Section 2 (1-3) and 3 (a) of the Petroleum

By Adedapo Adesanya The Rivers State Government has disclosed that it will not allow any act of economic sabotage such as crude oil theft to continue taking place in the state. This warning was given by the state governor, Mr Nyesom Wike, who noted that the war against illegal refining of crude oil is not about political parties but about Nigeria and its survival. He stated that it is also about ensuring that the health of Rivers people is not endangered. Speaking during a security meeting he had with heads of security agencies in the state and five Local Government

By Adedapo Adesanya The Nigerian Association of Resident Doctors (NARD) has restated its striking position as it insists that the federal government was yet to accept its demands, indicating that the nationwide strike would continue after the proposal of a N25,000 increment. The NARD President, Dr Emeka Orji, during a press conference in Lagos State on Saturday, July 29, affirmed the development. According to him, the action will go on “until reasonable progress is made by the government to address our demands as contained in the ultimatum issued to the Federal Government on the 15th of July, 2023”. The NARD

Executive Council of the Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR) has announced the resumption of its Lagos PR Clinic. The event will take place at the next general monthly meeting of the Chapter holding at the Elomaz Hotel, Maryland, Ikeja, Lagos on Thursday, February 7, 2019. The Lagos PR Clinic is an interactive meeting of minds aimed at educating and sharpening the skillsets of communications practitioners with high-level strategies, tactics and how-to’s so they can stay trendy, innovative and optimize their careers and train teammates. The Faculty at the PR Clinic is a leading communications

By Adedapo Adesanya The Central Bank of Nigeria (CBN) auctioned the Dollar at N381 at the interbank segment of the foreign exchange (forex) market on Tuesday. This indicated a depreciation by 5.54 percent or N20 when compared with the rate it traded on Monday, N361/$1, at the same segment. This came as the CBN raised the rate at the Secondary Market Intervention Sales (SMIS), a window where importers access foreign currencies, from N360/$1 to N380/$1 with an instruction to bidders to comply accordingly. Business Post also gathered from the FMDQ portal that the exchange rate of the naira/dollar remained at