Category: Business News
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GTBank appoints Olusanya first female Managing Director
Guaranty Trust Bank (GTB) has appointed Mrs Miriam Olusanya as its first female Managing Director. She takes over from the former Managing Director, Segun Agbaje. A statement from the bank on Wednesday said aiming to strengthen its long-term competitiveness and growth prospects, Guaranty Trust Bank plc has completed its re-organisation to a Holding Company Structure.…
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Nigeria imported 20.60bn litres of petrol in 2019 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS), popularly known as Petrol, in 2019. This is contained in NEITI audit report on the Oil and Gas Sector 2019 released on Wednesday in Lagos. NEITI said the figure was three per cent…
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FCMB appoints new MD/CEO as Adam Nuhu retires
The Board of Directors of FCMB Group Plc have announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited. This announcement is subsequent to the end of service of the bank’s former Managing Director, Adam Nuru. The Board had earlier reviewed media allegations made in late 2020 against…
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Onyeali-Ikpe’s Seven Point Agenda: Building A Future-Ready Fidelity Bank
John C. Maxwell, an American author and speaker, is a widely acknowledged thought leader. Maxwell asserts in one of his most famous quotes, which encapsulates the true essence of leadership, “The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails”. Fidelity Bank CEO, Mrs. Nneka Onyeali-Ikpe is leading…
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Global economy to recover faster in second half of 2021 – Report
The global economy is likely to recover at a faster pace in the second half of the year, according to a report by the Bank of China (BOC). In the relevant report on the economic and financial outlook for the third quarter, the BOC Research Institute said it expected the global economy to grow by…
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Why many countries are rejecting Made-in-Nigeria goods – Foreign Affairs Minister
The Minister of Foreign Affairs, Geoffrey Onyeama on Saturday lamented the rejection of Nigerian exports by other countries. Onyeama was speaking at a meeting in Abuja with the Executive Director of the Nigerian Export Promotion Council, Olusegun Awolowo. According to the Minister, the quality of products, especially agricultural products, do not meet the export standards…
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Kaduna seals four Fidelity Bank branches over N43.3m tax liabilities
The Kaduna State Internal Revenue Service has sealed four branches of Fidelity Bank in the state for tax Liabilities amounting to N43.3 million. The branches are located at Ali Akilu Road, Ahmadu Bello Way, Polytechnic Road by Maimuna Gwarzo Junction, and Kachia Road, all in Kaduna metropolis. The Executive Chairman of the Revenue service, Zaid…
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FG directs NARD, JOHESU to withdraw fresh strike notices immediately
The Federal Government has directed the National Association of Resident Doctors (NARD) and the Joint Health Sector Unions (JOHESU) to withdraw their strike notices immediately. Sen. Chris Ngige, the Minister of Labour and Employment said this at a news conference in Abuja on Friday. Ngige was addressing newsmen at the end of a meeting with…
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CBN releases supervisory framework for payment service banks
The Central of Nigeria (CBN) has released the Guidelines for the Licensing and Regulation of Payment Service Banks (PSBs) in Nigeria. Information obtained in the apex bank’s website indicated that the guidelines was first issued in 2018 and revised in 2020. It stated that the PSBs were expected to leverage on technology to provide services…
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NDEP celebrates 15th anniversary of first oil production from Ogbele field
The Niger Delta Exploration and Production (NDEP) Plc, a foremost independent integrated Energy company has marked the 15th anniversary of its marginal oil field, Ogbele field. The oil field, renowned to be Nigeria’s first has produced over 20 million barrels of oil, 95 billion standard cubic feet of gas and 160MM litres of Diesel as…