First Edition of the Tastemakers Wine Series Hosted by Vendease

Read more
Banking

Central Bank of Nigeria (CBN) backtracks, takes radical stance against rising inflation

By
May 30, 2022
The rate-fixing arm of the Central Bank of Nigeria (CBN) backtracked on its position on the country’s rising inflation, yesterday, increasing the monetary policy rate by 1.5 per cent or 150 basis points (bps), an extreme radical stance against rising prices. A 150bps increase in MPR is a rare decision, perhaps not taken by the Monetary Policy Committee in recent years. With the decision, CBN is…
Read more
Banking

United Bank for Africa (UBA) seeks to Advance African culture

By
May 30, 2022
The United Bank for Africa (UBA) Plc celebrated this year’s Africa Day with the fourth edition of its annual Africa Conversations, which was held at the UBA House, Lagos. The UBA Africa Conversations is a yearly event that started in May 2019 as a hallmark initiative in a…
Banking

First City Monument Bank unveils vehicle ownership scheme for customers

By
May 30, 2022
To encourage and simplify vehicle ownership for personal use by millions of Nigerians, First City Monument Bank (FCMB) is offering auto loans of up to N30 million at a reduced interest rate. The FCMB auto loan supports acquiring brand new and pre-owned vehicles (popularly known as “Tokunbo”), with N500,000 as the minimum loan amount that a customer can access for a repayment duration of up to…
Read more
Banking

Wema Bank and Bulb Africa unveils innovation challenge

By
May 30, 2022
Wema Bank Plc has unveiled a kids’ innovation challenge aimed at encouraging children to ideate and develop solutions in learning, health, games, and agriculture. The competition would reward the top three finalists who present the most creative and innovative ideas with…
Banking

First Bank of Nigeria Limited Assets Hits N8.5 trillion

By
May 30, 2022
FBN Holdings Plc may have returned to a sustainable growth path as its 2021 financial points to a more-than-expected resilient near-term outlook with the commercial banking operations leading growth across key parameters. The report, released last week, shows that First Bank…
Market

Okomu Oil Palm Company Plc posts N11.5b profit for 2021, declares N8 dividend

By
May 30, 2022
The Okomu Oil Palm Company Plc has posted a profit after tax of N11.54 billion for the year ended December 31,2021, representing a 292 per cent increase over the N2.94 billion recorded in the corresponding period of 2020. Consequently, it declared a dividend of N8 per 50 Kobo ordinary shares paid from Wednesday, May 25,2022 to shareholders whose names appear on the register of members at the close…
Read more
Brands & People

Purit unveiled Nollywood Actress and Producer, Toyin Abraham Ajeyemi as Brand Ambassador.

By
May 28, 2022
In light of celebrating 30 years of protecting generations, Purit welcomed and unveiled their latest Purit Mum, Nollywood actress and producer, Toyin Abraham Ajeyemi to the Purit family. Speaking during the press conference, Managing Director, Saro LifeCare, Gbemileke Otun said: “Over the last 30 years we have protected families, protected children and adults with the different ways you…
Read more