Fidelity Bank Plc, Nigeria’s leading customer-friendly financial products and services provider, has rewarded 13 customers with N19 million under the Get Alert in Millions Savings (GAIM) season three promo to mark the yuletide. The customers were presented cash and consolation prizes at the second monthly draw in Lagos. Speaking at the awards presentation event, the […]
Bi-Courtney Aviation Services Limited (BASL), operators of the domestic wing of Murtala Muhammed Airport Terminal Two (MMA2), Lagos, has flawed the Federal Airports Authority of Nigeria’s (FAAN’s) alleged claim of its indebtedness to the tune of N1, 943,323,516.50, saying the claim lacks merit In a statement issued on Monday to debunk the FAAN’s allegations, the […]
The Central Bank of Nigeria (CBN) has indicated its plans to initiate investigations of bank accounts of companies involved in importation of the 41 banned items for possible violation of the foreign exchange restriction policy on them. The apex bank, in a circular titled ‘Foreign Exchange Restriction on the importation of 42 items’ signed by […]
France’s 10-year borrowing costs on Tuesday climbed to highest level compared with Germany in a year and a half barely 24 hours after the French President, Emmanuel Macron, announced spending measures in a bid to restore calm after weeks of violent protests. President Macron had on Monday announced wage rises for the poorest workers and […]
The National Coordinator of the Conditional Cash Transfer (CCT) Unit, Mrs. Temitope Sinkaiye, on Monday disclosed that the Federal Government had spent up to N15 billion on 1.8 million vulnerable women across 20 states since the Social Investment Programme (SIP) was flagged off in 2016. Sinkaye, who gave this hint during an end-of-year review meeting of […]
There are strong indications that the concessionaires of the Muritala Muhammed Airport 2 (MMA 2), airport, Ikeja and the management of the Federal Aviation Authority of Nigeria (FAAN) may have agreed on how to offset the latter’s debt liabilities as the airport remained opened for air travels on Monday. The FAAN, had on Sunday alerted […]
The National Bureau of Statistics (NBS) on Monday reported that Nigeria’s Gross Domestic Product (GDP) recorded a growth rate of 1.18 percent year-on-year in the third quarter of this year, representing the third consecutive quarter the economy sustained the positive traction. The latest growth indicated a marginal increase when compared with the 1.15 percent growth […]
Kenya’s Consolidated Bank, the state-owned bank, on Monday stated that it was seeking a new investor to stake 3.5 billion Kenyan shillings (about $34.21 million) as part of its ongoing balance sheet re-organisation targeted at boosting its assets base and leveraging its financial services. A statement issued by the bank and published in some newspapers […]
The Nigerian National Petroleum Corporation (NNPC) on Sunday disclosed that it had fast-tracked agreements with petroleum products bulk purchase nationwide with a view to ensuring uninterrupted products’ availability throughout the yuletide and beyond across the country. The corporation’s Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, gave this hint in a statement, indicated that […]
The Pension Transitional Arrangement Directorate (PTAD) disclosed at the weekend that it had paid the sum of N1, 565,190,623.12 billion to 500 next of kins of the deceased NITEL/Mtel pensioners under the Defined Benefit Scheme. The Directorate stated that the payments were made to the beneficiaries sequel to their completion of the process of documentation […]