As Easter holiday approaches, the Federal Airports Authority of Nigeria (FAAN) has assured passengers and other airport users of safety during their travels and other engagements in all airports across the country. The Authority gave the assurance in a statement issued by its General Manager, Corporate Affairs, Mrs. Henrietta Yakubu, in Lagos. FAAN stated that […]
The Central Bank of Nigeria (CBN) on Tuesday supplied the inter-bank sector of the Foreign Exchange market with $210 million. The monetary measure is part of the apex bank’s sustained efforts to improve liquidity in the market and by implication, ensure exchange rate stability for the national currency. Figures obtained from the Bank on the […]
The Federation Accounts Allocation Committee (FAAC) meeting held today in Abuja ended in deadlock following the discrepancies observed in the revenue figures presented by the Nigerian National Petroleum Corporation (NNPC) for consideration. The meeting was convened to consider and approve statutory allocations to the tiers of government for February. As a result of the discrepancies, […]
Fidelity Bank Plc today hinted that its savings base had increased to N170 billion due to the adoption of innovative retail banking strategy – “Get Alert in Millions Promo’’. The bank’s Managing Director, Mr. Nnamdi Okonkwo, who disclosed the feat during the fifth/third bi-monthly prize presentation of the Fidelity “Get Alert in Millions Promo Reloaded’’ […]
The European Banking Federation has denounced the European Union’s decision to singularly implement the taxation of the digital economy, saying that the bloc should instead have supported efforts to achieve a global level-playing field. The European Commission had on March 21 released two proposed amendments to international tax rules to ensure digital business activities are […]
L-R: Group Head, Cards, Digital Banking; Dr. Yinka Adedeji, United Bank for Africa, (UBA Plc), Executive Director, Risk Management & Compliance, Mr. Ike Uche; Group Executive, Digital & Consumer Banking; Executive Director, Group Chief Operating Officer, Operations; Mr. Chukwuma Nweke; Group Head, Retail & Consumer Banking, Mr. Tomiwa Sotiloye; Head UBA Academy, Human Capital Management, […]
President Muhammadu Buhari on Monday signed the instrument of ratification of a Memorandum of Understanding among Nigeria, Switzerland and the International Development Association (IDA) that will lead to the repatriation of illegally-acquired assets to Nigeria. The President’s Special Adviser on Media and Publicity, Mr. Femi Adesina, who disclosed this in a statement, indicated the MoU […]
The Presidential Initiative on Continuous Audit (PICA) has disclosed that Federal Government recovered about N143.89 billion from corrupt officials through the implementation of the whistleblower policy. The PICA reported that the amount comprised, N7.8 billion, 378 million dollars and 27,800 pounds sterling. This is even as it stated that Federal Government received 8,373 tips since […]
Heritage Bank Plc has empowered 5,544 pupils and teachers in 11 secondary schools across the country as part of efforts to support the Central Bank of Nigeria’s (CBN’s) Financial Literacy Day to commemorate the Global Money Week this year. The CBN’s Financial Literacy Day is a globally celebrated event to promote savings, drive Financial Inclusion, […]
The United Bank for Africa (UBA) Plc has unveiled the second edition of its Campus Ambassador Programme with the induction of 30 new brand ambassadors. The Programme is an initiative of the bank to identify young emerging leaders among students of tertiary institutions and give them a unique and highly rewarding learning experience. The 30 […]