₦airaland Forum

Benin Republic and Togo Owe Nigeria a combined 8.81 million dollar for supplied of electricity....

https://newsvilleng.com/benin-togo-owe-nigeria-8-8-million-in-electricity-debt-fg-reveals/

Nigeria Bar Association has condemned the suspension of the Governor of Rivers, his deputy and members of the state house of assembly by President Bola Tinubu, calling it unconstitutional.

https://newsvilleng.com/nba-condemns-unconstitutional-removal-of-elected-officials-amid-rivers-state-emergency/

Check out list of Ponzi schemes in Nigeria

https://newsvilleng.com/efcc-exposes-58-illegal-ponzi-scheme-operators/

In celebration of its 75th anniversary, United Bank for Africa Plc (UBA) is launching the “UBA Legacy Promo” to reward customer loyalty. This campaign celebrates UBA's rich legacy and its commitment to rewarding loyal customers in a grand style.

https://newsvilleng.com/customers-to-win-n200m-at-uba-75th-anniversary-promo/

Nigerian billionaire businessman, Tony Elumelu promised to empower over five thousand youths across Africa as his birthday gift.

The Nigerian business mugu made this promise during his celebration as he added another year to his age.

https://newsvilleng.com/tony-elumelu-sets-to-empower-over-1000-youths-with-5000-each-as-he-marks-his-birthday/

United Bank for Africa in their Business Series has advised female entrepreneurs to invest in themselves and build structures around their businesses for sustainability’s sake.


https://newsvilleng.com/uba-encourages-female-entrepreneurs/

First City Monument Bank (FCMB) has announced zero interest loan for entrepreneurs to grow their business.

To be eligible for the loan, one needs https://newsvilleng.com/fcmb-zero-interest-loan/

Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding more than N1.8 trillion to the market capitalization of NGX and further boosting liquidity in the Nigerian capital market. The listing was celebrated on the 4th of March 2024, with a Closing Gong ceremony and a “Facts Behind the Listing” presentation.

Read more here https://newsvilleng.com/transcorp-power-lists-on-the-nigerian-exchange-gains-10-first-day-of-trading/

Nigerian Exchange limited, Africa Prudential has announced a turning point in the history of the company. The company has appointed Catherine Nwosu as her first female chief executive officer.


https://newsvilleng.com/africa-prudential-appoints-catherine-nwosu-as-first-female-ceo/

Ecobank, the leading pan-African Banking Group, has just be declared the Best Bank for SMEs in Africa 2024 award in Global Finance’s annual SME Bank Awards.

https://newsvilleng.com/ecobank-group-wins-big-at-global-finance-award/

The President of the Federal Republic of Nigeria, Biola Ahmed Tinubu, has taken five names of CBN directors to the Senate for screening and confirmation.

The names are...


https://newsvilleng.com/president-tinubu-brings-five-cbn-directors-to-senate-for-confirmation/

Do you have interest in working with Zenith Bank in United Kingdom, then click the link below to apply for one of the openings.

https://newsvilleng.com/zenith-bank-uk-current-job-career-openings/

How To Identify Fake New Naira Notes

The apex bank of Nigeria, The Central Bank of Nigeria, has released ways to identify genuine and authentic redesigned naira notes.

https://newsvilleng.com/how-to-identify-fake-new-naira-notes/

United Bank for Africa (UBA) has given reasons for its improved profit in the third quarter operations in the 2022.

The bank has posted a profit before tax (PBT) of N138.5 billion in its third quarter (Q3) operations against N123.4 billion recorded in the corresponding period in 2021.

https://newsvilleng.com/uba-gives-reasons-for-its-high-q3-profit/

Polaris Bank Has Been Completely Sold, CBN Names Major Investor

One of the Nigerian commercial Banks, Polaris Bank has been completely sold. This was made known by Nigeria Apex bank, The Central Bank of Nigeria in a statement by the its Director, Corporate Communications, Osita Nwanisobi.

In it, the CBN announced the new core investor in the bank as Strategic Capital Investment Limited.

Nwanisobi said in the statement that the deal was sealed with SCIL by the CBN and Asset Management Company of Nigeria.

https://newsvilleng.com/polaris-bank-has-been-completely-sold-cbn-names-major-investor/

Polaris Bank Has Been Completely Sold, CBN Names Major Investor

One of the Nigerian commercial Banks, Polaris Bank has been completely sold. This was made known by Nigeria Apex bank, The Central Bank of Nigeria in a statement by the its Director, Corporate Communications, Osita Nwanisobi.

In it, the CBN announced the new core investor in the bank as Strategic Capital Investment Limited.

Nwanisobi said in the statement that the deal was sealed with SCIL by the CBN and Asset Management Company of Nigeria.

https://newsvilleng.com/polaris-bank-has-been-completely-sold-cbn-names-major-investor/

The World Bank Group President, David Malpass, has said that the bank is ready to support Nigeria in phasing out regressive fuel subsidies while increasing social assistance for the poor and vulnerable.

He also stressed the need for a unified exchange rate in Nigeria, which would significantly improve the business-enabling environment in Nigeria, attract foreign direct investment, and reduce inflation.

https://newsvilleng.com/world-bank-ready-to-help-nigeria-phase-out-subsidies/

First Bank Introduces Bancassurance

First Bank of Nigeria (FBN) has introduced Bancassurance partner, FBNInsurance; a member of the Sanlam Group with presence in over 30 countries of the world

According to the bank, Bancassurance provides the public with various insurance policies that are suitable for them now and in the future; and with FBNInsurance, they can be assured of a secured tomorrow with policies spanning health, education, annuity, retirement, and much more.

https://newsvilleng.com/first-bank-introduces-bancassurance/

UBA Launches Innovative Experience Centre in Abuja, Nigeria


Africa’s Global Bank, the United Bank for Africa has just launched a modern and future-forward Experience Centre in Abuja, Nigeria.


The new UBA Experience Centre, which was commissioned on Sunday August 14, 2022, is situated at the Transcorp Hilton Hotel Abuja, and is a one-stop-shop which will provide guests and visitors with a first-class experience of the banks’ offerings across various channels and touchpoints.

https://newsvilleng.com/uba-launches-innovative-experience-centre-in-abuja-nigeria/

Dangote Rewards Six Customers With N1m Each


Dangote Industries Limited has rewarded six customers with N1m cash gifts each in its Dangote bag of ‘Goodies season three contest’.

It also rewarded winners with consolation prizes of refrigerators, televisions and fans in the contest which began in July and scheduled to end in October.

https://newsvilleng.com/dangote-rewards-six-customers-with-n1m/

CBN Disburses N75.9bn Loan To Farmers In Two Months

The Central Bank of Nigeria (CBN) has said that it disbursed N75.9 billion loan to farmers between last November and December, under the Anchor Borrowers’ Programme (ABP).

The fund was to support the cultivation of over 383,000 hectares of maize, rice and wheat during the year dry season, bringing the cumulative disbursements under the Programme to N927.94 billion to over 4.5 million smallholder farmers cultivating 21 commodities across the country.

https://newsvilleng.com/cbn-disburses-n75-9bn-loan-to-farmers-in-two-months/

FG Borrows N2.45tn From CBN Within Six Months

The federal government has borrowed a total of N4.45tn within six months from Central Bank of Nigeria (CBN).

According to data from the CBN, this shows that the Federal Government borrowed N2.45tn from the apex bank within six months.

The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022.

https://newsvilleng.com/fg-borrows-n2-45tn-from-cbn-within-six-months/

Jaiz Bank Plc has said its profit after tax rose by 27.6 per cent from N1.99bn in June 2021 to N2.54bn as of the end of June 2022.


It said this in a statement on its unaudited financial results for the second quarter ended 30 June 2022 released on the Nigerian Exchange Group


https://newsvilleng.com/jaiz-banks-profit-rises-by-27-on-half-year/

Wema Bank Plc has said its gross earnings rose by 50 per cent in the first half of 2021 to in the corresponding period of 2022.

The bank said a total of N39.82bn grew to N59.59bn in the corresponding period of 2022.

It said in a statement on its financial results for the period that it also grew its interest income by 55 per cent year-on-year, from the N32.19bn recorded in H1, 2021 to N49.75bn.

https://newsvilleng.com/wema-bank-grows-earnings-by-50/

Stanbic IBTC Pension Launches Campaign to Increase Awareness

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings has said that it launched a robust marketing campaign to drive awareness of the pension scheme and its usefulness to everyone who wants to retire well.

In a statement on the campaign themed ‘Make Extraordinary Happen’, it said that it showed its dedication to supporting the dreams of everyday Nigerians who are working hard to attain financial independence and who dream of enjoying an extraordinary post work life.


https://newsvilleng.com/stanbic-ibtc-pension-launches-campaign-to-increase-awareness/

FBN Holdings Plc has notified the Nigerian Exchange Limited that its attention has been drawn to an online publication dated July 17, stating that the Federal High Court sitting in Lagos, Nigeria, has granted an ex-parte order against FBN Holdings Plc and some other respondents.

It said this in a statement titled ‘Statement to the NGX on recent publication on FBN Holdings Plc on court order against the AGM on June 20, 2022’, which was signed by the acting Company Secretary, Adewale Arogundade.

https://newsvilleng.com/first-bank-notifies-ngx-on-court-order-over-agm/

United Bank for Africa, UBA Plc, has appointed Oliver Alawuba as Group Managing Director, whose responsibility is to oversee all the Group’s banking operations across its 20 African country network as well as globally in the United Kingdom, the United States of America, France, and the United Arab Emirates

https://newsvilleng.com/uba-appoints-new-group-managing-director-executive-board-members/

United Bank for Africa (UBA) Plc has rewarded 20 kids with N200,000 each as scholarship grants in its just concluded Kiddies and Teens Draw which was held in Lagos.

The winners had qualified to win in this year’s first draw because their parents/guardians had maintained standing instructions of N10,000 to their child/ward’s UBA Kiddies or Teens Accounts for a 6-month period.


https://newsvilleng.com/uba-rewards-20-kids-with-n4m-commits-to-securing-future-of-kids-teens/

The United States International Development Finance Corporation and Access Bank have said that a whopping sum of $280m deal has been signed to boost Small and Medium-scale Enterprises’ financing in Nigeria.


The Chief Executive Officer, US International Development Finance Corporation, Scott Nathan, signed a commitment letter for the $280m in financing for Access Bank Plc in Nigeria alongside Access Bank Managing Director, Roosevelt Ogbonna.

https://newsvilleng.com/us-access-bank-boost-smes-financing-with-280m/

Rand Merchant Bank Nigeria has won two awards within the M&A Category at the Association of Issuing Houses of Nigeria Awards.


Association of Issuing Houses of Nigeria (AIHN) is the umbrella body for issuing houses and investment banks in Nigeria.

https://newsvilleng.com/rand-merchant-bank-wins-ma-deal-awards/

The United Bank for Africa has broken new ground by extending its operations to the United Arab Emirates with the official launch of its new branch at the Dubai International Financial Centre.

It was made known that the lender has a presence currently in 20 African countries, the United Kingdom, the United States of America and France.

“United Bank for Africa Plc (DIFC branch) will operate under the Category 4 licence and will be regulated by the Dubai Financial Services Authority, the financial regulatory agency of the special economic zone, the Dubai International Financial Centre,” it stated.

https://newsvilleng.com/uba-breaks-new-ground-begins-operations-in-dubai/

Wema Bank PLC has launched school to develop and groom leaders as an addition to its Purple Academy to help in the overall development and transformation of its workforce.

The bank launched the school to boost its workforce through the overall development and transformation of its leaders

Speaking at the opening ceremony of the leadership school, the Managing Director/Chief Executive Officer of the bank, Mr Ademola Adebise, said organisations had a huge task to optimise performance and deliver value in contemporary times.

https://newsvilleng.com/wema-bank-launches-school-to-groom-leaders/