Business

Wema Bank has said it donated chairs and tables to Isale Eko Grammar School, in Lagos State. A statement said the act was made possible through Wema Bank’s corporate social investment initiative, the “Salary for Love” campaign.   It said Wema Bank’s employees selflessly contributed a portion of their salaries, …

The Corporate Affairs Commission (CAC) has launched the Beneficial Ownership Register, an open data document that contains the names of persons with significant control of companies. Speaking at the unveiling in Abuja yesterday, the Registrar General of the CAC, Alhaji Garba Abubakar, said the launch was to foster transparency in …

Nigerians can now request their commercial banks to provide them with a debit card which doubles as their National Identity Card at no extra cost than the normal fees charged for debit cards. This is as the Federal Executive Council, on Wednesday, approved a memo from the National Identity Management …

The Central Bank of Nigeria (CBN) has announced revocation the licences of 132 Microfinance Banks, three Finance Companies and four Primary Mortgage Banks across the country. The revocation is contained in a gazetted circular signed by the CBN Governor, Mr Godwin Emefiele, in Abuja. According to Emefiele, the Microfinance Banks, …

As part of its commitment to supporting the educational sector in Nigeria, LOTUS Bank, a leading non-interest financial institution, has donated a brand-new 18-seater bus to Yaba College of Technology, Lagos. The donation was made alongside other contributions, which include the renovation of the college’s Banking & Finance Department, the …

Amid encomiums from eminent personalities, including President Muhammadu Buhari and presidents of five other African countries, founder and President of Dangote Group, Alhaji Aliko Dangote, yesterday expressed optimism that the newly commissioned 650,000pbd refinery would employ over 100,000 Nigerian youths and generate over $21 billion in revenue. According to him, …

The Central Bank of Nigeria (CBN) has introduced a digital currency called e-Naira to Nigerian tertiary institutions to enable members of the academic environment to offer better payment prospects in retail transactions when compared to cash payments and to enable students to pay their school fees through e-Naira. The Branch …

WEMA Bank, an nnovative lender in Nigeria, has announced the launch of its flagship capacity-building programme for small and medium-sized enterprises (SMEs) in Nigeria the Wema SME Business School 5.0. The programme aims to equip SME business owners and entrepreneurs in Nigeria with the necessary skills and knowledge to succeed …

A $15 million subordinated loan was today, Thursday, approved by the Board of Directors of the African Development Bank to Infrastructure Credit Guarantee Company Limited (InfraCredit) to strengthen its capital base and help close Nigeria’s infrastructure financing gap. Lamin Barrow, Director General of the Bank’s Nigeria Country Department, said, “The …

Central Bank of Nigeria (CBN) has begun the process for establishment of digital museums in Nigeria by way of Virtual Reality Museum where Nigerians would be able to view through its proposed Currency Museum Gallery from anywhere using technological gadgets. CBN said until museums embrace new approaches as regards to …