Economy

Economy

NEW YEAR RESOLUTION: ADRON HOMES ROLLS OUT MASSIVE DISCOUNT FOR ‘LEMON FRIDAY PROMO’

As we approach year 2024, you are still thinking of renewing your rent, while retaining your position as chief tenant after spending almost one decade in the house. As a chief tenant, you are the peacemaker who solves any issues in the compound, you are the peacemaker are you not tired yet? when you could easily transit from being a tenant to a landlord if you take advantage of this Christmas and New Year; Adron Homes and Properties Lemon Friday Promo which makes you an instant land owner at a...
Economy

DEVELOPERS SEEK FOR SINGLE AGENCY TO HANDLE BUILDING INDUSTRY

Stephen Ojji, Tolu Aderemi, Partner - Perchstone & Graeys; Godman Akinlabi,Lead Pastor - Elevation Church, and Kennedy Nadi, CEO - Pennek Developers in the housing sector have urged the government to create a single agency that would handle everything connected to the housing or building industry. The developers said the same way the government created the Treasury Single Account (TSA), it should create one agency instead of the present method where builders and developers are forced to deal with several. Chief Executive Officer (CEO) Pennek Global, Dr. Kennedy Nnadi made...
Economy

FIDELITY, ZENITH, ACCESS MAKE LIST OF MOST CAPITALIZED BANKS IN Q3 2023

Leading financial institution, Fidelity Bank, has been listed as one of the most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article published in Thisday newspapers, the bank reported a capital base of N410.75 billion as of September 2023 against N314.3 billion in 2022. Also featured on the list are Zenith Bank, UBA, First Bank, Access Holdings, First Bank Holdings, Ecobank, GTCO Holdings, Stanbic IBTC Holdings, FCMB, and Sterling Financial Holdings. Following the announcement of the planned recapitalisation of commercial banks by the Central Bank...
Economy

POLARIS BANK PLEDGES SUPPORT FOR INFRASTRUCTURE DEVELOPMENT, EDUCATION, OTHERS IN OGUN STATE 

Polaris Bank, Nigeria’s leading digital retail Bank has pledged to support the development of high-impact sectors including road infrastructure, housing, education, healthcare and agro processing in Ogun State.   The Managing Director/CEO of Polaris Bank, Mr. Adekunle Sonola, stated this while speaking with journalists after he led the Bank's management team on a courtesy visit to the Ogun State Governor, Prince Dapo Abiodun, in his office at Oke-Mosan, Abeokuta, on Wednesday.  Recognizing the notable achievements of the state administration in infrastructure, education, and agro-processing, Mr. Sonola emphasized Polaris Bank's willingness to...
Economy

POLARIS ENROLS IN PAPSS

Polaris Bank, Nigeria’s leading digital retail Bank, has enrolled in the Pan-African Payment and Settlement System (PAPSS). The cross-border financial infrastructure empowers the Bank’s existing and potential customers to execute trade and payments across Africa seamlessly.  The inter-African trade payment gateway is a solution designed to empower those who trade internationally within the African continent, with streamlined, efficient, and secure payment processes.    Speaking on the digital payment gateway, Polaris Bank's Group Head, Global Trade Business, Ayo Adesanya, said the launch of PAPPS underscores the Bank's commitment to leveraging innovative...
Economy

FIRST BANK APPOINTS MD FOR UK SUBSIDIARY

FirstBank Group has appointed Olukorede Adenewo as Managing Director of FirstBank UK. The appointment took effect on November 16, 2023, subject to regulatory approvals. The board of the bank stated that Adenewo who has demonstrated exceptional leadership, strategic vision, and a deep understanding of the global financial landscape, brings a wealth of experience, built by a proven track record of success in the banking industry across several countries. Prior to this appointment, Adenewo served as the Chief Executive Officer of Standard Chartered Bank Nigeria. He joined the corporate banking sector...
Economy

ZENITH BANK, CFA INSTITUTE SIGN MoU TO DEVELOP FINANCE, INVESTMENT PROFESSIONALS

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and updating of human capital in finance and investment for the overall development of the Nigerian financial services sector. The MoU, was signed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu; the President/CEO of the CFA Institute, Margaret Franklin; and the President of CFA Society Nigeria, Ibukun Oyedeji on Tuesday, November 28, 2023. Speaking at the MoU signing ceremony,...
Economy

THE ALTERNATIVE BANK UNVEILS ALTBIZ AND ALTINVEST AT THE 44TH KANO TRADE FAIR

The Alternative Bank has unveiled two of its major financial products at the on-going Kano International Trade Fair namely AltBiz and AltInvest.  This marks a significant step for the bank as it continues to play a pivotal role in shaping the financial landscape, especially in the northern region. Whilst AltBiz caters to the financial needs of businesses, offering a comprehensive suite of services to fuel growth, innovation, and sustainability; Altinvest, a digital investment platform empowers individuals to navigate seamlessly the investment world, blending ethical and digital features for increased accessibility....
Economy

FIDELITY BANK PLC SIGNS UN PRINCIPLES FOR RESPONSIBLE BANKING

Fidelity Bank Plc has become an official signatory of the UN Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI). The Principles are the leading framework for ensuring that banks’ strategies and practices align with the vision society has set out for its future in the UN Sustainable Development Goals and the Paris Climate Agreement. Banks who have signed the Principles commit to being ambitious in their sustainability...
Economy

STERLING ONE FOUNDATION COMMITS TO AFRICAN UNION YEAR OF EDUCATION ALONGSIDE AFRICAN EDUCATION MINISTERS, OTHER STAKEHOLDERS

The Sterling One Foundation has reiterated its commitment to investing in foundational learning and working with the Association for the Development of Education in Africa (ADEA) and partners to boost education in Africa. This commitment was made at the 2023 High-Level Policy Dialogue hosted in Zambia by ADEA and the Zambian Ministry of Education to inform policy and decisions on foundational learning, foster dialogue and peer learning, and share good practices on what works in foundational learning in support of the African Union Year of Education scheduled for 2024. Over...
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