BankingEconomy

Stanbic IBTC Bank seeks support for agro-allied economy

Stanbic IBTC has  intensified efforts in providing financial products and services for businesses in the agro-allied industry. The product development drive aligns with  the bank’s  determination to expand and support the agriculture and agro-allied industrial sector in Nigeria The agro-allied industries are central to sustainable development. The agricultural sector is critical for…
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Markets

OPEC daily basket price increases to $101.04 per barrel

The price of the Organization of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as of Wednesday. This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC Secretariat calculations…
Aviation

Emirates restores flights to Lagos

Emirate airline has announced the reinstatement of its flight operations to Lagos, starting September 11. The airline said this in an email to customers yesterday. The development comes almost a week after the federal government released the sum of $265 million to foreign…
Market

NIBSS record N8tn on POS transactions

The value of Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to data obtained from the Nigeria Interbank Settlement System. The data showed that the aggregate PoS transactions between July 2020 and July 2021 were estimated at N5.77tn. However, between July 2021 and July 2022, the volume of transactions increased to N8.03tn, indicating a 39.16 per cent…
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Brands & PeopleFintech

Wellahealth gets global recognition

Health-tech organisation, Wellahealth has been named among the 100 most impactful companies by the Norrsken Foundation. The firm, according to a statement, was one of the two Nigerian companies that made the list, which included foremost startups from across the globe. On…
Brands & People

Institute appoints MD for S’Sahara Africa’s branch

Project Management Institute has appointed George Asamani as the managing director for Sub-Saharan Africa. A statement said “Asamani takes over from Ashwini Bakshi, who leaves the company having steered the region during the pandemic.” Asamani, previously the business development lead for Africa, is highly accomplished with a proved track record of growth. Together with the team, Asamani…
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Energy

Dangote refinery gets 300,000 barrels/day from NNPC

The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele Kyari, disclosed this to…
BlockchainBrands & PeopleMarket

How to identify Ponzi schemes-SEC

The Securities and Exchange Commission (SEC) has alerted Nigerians on signs to look out for in identifying bogus investment schemes, otherwise known as Ponzi schemes. Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, said identifying bogus investment schemes and illegal operators would be easy once prospective investors look out for telltale signs that indicate the…
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