Category: Business News
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Onyeali-Ikpe Assumes Office as MD/CEO of Fidelity Bank
The new Managing Director/CEO of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021 has assumed office, becoming the 4th Chief Executive and first female to occupy the position since the inception of the bank in 1988. She succeeds the erstwhile MD/CEO, Mr. Nnamdi Okonkwo who retired on December 31,…
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Balogun market shifts resumption
The Caretaker Management Committee of Balogun market, Lagos Trade Fair Complex, has shifted its resumption, earlier scheduled for Jan. 4, to Jan. 11, for security reasons, the Secretary of the committee, Mr Leonard Ogbonnia has said. Ogbonnia said in a statement on Sunday, in Lagos, that it would be risky to reopen the market, earlier…
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Tony Elumelu Foundation unveils 7th TEF Entrepreneurship programme for Africans
The Tony Elumelu Foundation (TEF), on Friday in Lagos unveiled the TEF Entrepreneurship programme for 2021, to empower women and men across the African continent. The Chief Executive Officer of TEF, Mrs Ifeyinwa Ugochukwu, disclosed this during an Online news briefing attended by TheNewsGuru.com‘s correspondent and other Journalists across Africa. She said: ” I want…
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Nigeria stock market ends 2020 with 50.03% growth
The nation’s bourse on Thursday closed 2020 upbeat, appreciating by 50.03 per cent, with the All-Share Index crossing the 40, 000 mark on the last trading day, in spite of COVID-19 pandemic. Specifically, the All-Share Index which opened trading for the year at 26, 842.07 rose by 13, 428.65 points or 50.03 per cent…
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Nigerians may enjoy increased access to credit in 2021 – CBN
The Central Bank of Nigeria (CBN), says Nigerian households will most likely have improved access to credit beginning from the first quarter of 2021. This is according to the Credit Condition Survey Report, released by the Statistics Department of the apex bank. The survey indicated that the increase already occurred in the last quarter of…
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Ecobank makes top three 2020 Customer Experience Leaders
Leading audit and professional services company, KPMG Nigeria, has ranked Ecobank Nigeria among the top three banks with good customer experience in the Small and Medium Enterprises (SME) segment. KPMG’s Nigeria banking industry customer experience survey measures the performance of lenders in the country in terms of their relationship with their account holders and other…
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2021: Buhari gives marching order to CBN on food importation
President Muhammadu Buhari has given a marching order to the Central Bank of Nigeria, CBN, not to give any money for food importation in the New Year (2021). Buhari said his administration would keep a keen eye on food inflation in the New Year while giving a strong directive to the CBN. Speaking at the…
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Fidelity Bank announces board retirements, new appointments
Fidelity Bank Plc on Monday announced new board appointments to replace some of its outgoing directors who recently completed their tenure on its board in accordance with its internal governance policies. According to a statement from the bank, Mrs. Aku Odinkemelu, its Executive Director, South Directorate, who was appointed to the board on August 4,…
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Murtala Muhammed Airport Terminal2 Head of Business dies on Christmas eve — Official
The Management of Bi-Courtney Aviation Services Limited, (BASL), operator of the Murtala Muhammed Airport, Lagos, Terminal 2 (MMA2), has announced the death of its Acting Head of Business, Mr Mobolaji Salu. Mr Mikail Mumuni, Group Corporate Affairs Manager of the company, in a statement issued on Friday, in Lagos, said late Salu, formerly the Head…
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CBN revokes licenses of seven PSPs, one switch service provider
The Central Bank of Nigeria (CBN) has revoked the licenses of seven Payment Service Providers (PSPs) and one switch service provider, who were unable to meet up with their statutory obligations. An official Gazette, obtained from CBN’s official website stated that the affected PSPs are; Easifuel Limited, Transaction Processing System (TPS), Grand Towers Limited, Paymaster…