The Managing Director/Chief Executive Officer of the Bank Of Industry, Okukayode Pitan has said that, Globally, SMEs account for the majority of business enterprises by contributing to production output, exports, and boosting innovation, which represents hallmarks of economic growth in most economies contributing between 40-55% of GDP and 50-80% of[Read More…]
Business
CBN Charges African Regulators to Avoid Bank Failure
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has called on the governors of Central Banks and other African financial sector regulators to be more vigilant in their regulatory and supervisory roles to forestall any run on banks in their respective jurisdictions. A statement from CBN said,[Read More…]
Firstbank Dedicates Month of March to Celebrate Women
In furtherance of its leading role in promoting the socio-economic inclusion of women in society, First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its dedication of the month of March to the celebration of women across the world, as it commemorates the globally[Read More…]
Export Intervention Loans Now N44bn
The Central Bank of Nigeria’s intervention funds under its Export Facilitation Initiative rose to N44.58bn in October 2022. The bank disclosed this in statements released on its last Monetary Policy Committee meeting in 2022. “Under the Export Facilitation Initiative, the Bank provided support for export-oriented projects to the tune of[Read More…]
Firstbank, Others Partner With Junior Achievement on Africa,s High School Entrepreneurship Competition
FirstBank has partnered with JA Africa on Company of the Year (COY) Competition, Africa’s largest high school entrepreneurship competition scheduled to take place in Lagos, Nigeria from 7th to 9th December under the theme, “Fueling Changemakers.” The JA Africa Company of the Year (COY) Competition which returns for the 12th[Read More…]
Firstbank UK Stands Tall At 40, Appreciates It’s Consumers And Regulators
FBNBank UK, a member of First Bank of Nigeria Limited and Subsidiaries had London, the United Kingdom painted blue as it celebrated its 40th anniversary, themed Partnership Beyond Borders, on Friday, 11 November 2022. The event which had customers, members of government functionaries and the diplomatic community, regulators, captains of[Read More…]
After October Loss, Nigerian Equities Regain Rally With N194bn Gain
After losing a whopping N2.8 trillion in October 2022, Nigerian equities saw a modest recovery in the first week of November as renewed bargain-hunting drove the market to net capital gain of N194 billion at the weekend. Benchmark indices at the Nigerian Exchange (NGX) at the weekend indicated average return[Read More…]
First Bank Partners CFA Society Nigeria to Host Annual Flagship Event
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its partnership with CFA Society Nigeria to host its annual flagship event, the Universities Ethics Challenge final, scheduled to hold at Radisson Blu Hotel, Victoria Island Lagos on Saturday, 29 October 2022. The Universities Ethics[Read More…]
CBN Grant Approval to MTN, Glo, Airtel, Other Payment Service Banks to Sell Dollar
The Central bank of Nigeria has approved dollar sales by Payment service banks(PSB), Nigerian three telecommunication giants MTN, Airtel Glo, have licences to operate PSB CBN’s decision to allow PSBs to sell dollars will go a long way in reducing the difficulties in getting dollars, especially for online transaction. CBN,[Read More…]
WIMBIZ Announces Advocacy Program and Initiative
Women in Management, Business and Public Service (WIMBIZ), a Nigerian non-profit organization that seeks to inspire, empower, advocate, and connect women, has announced the take-off of its Women advocacy program. WIMBIZ has inaugurated a committee to plan and execute advocacy programs on its behalf.Drawing on its extensive women’s community-building history,the[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]