By JOY ADARA, Abuja – The Nigeria Deposit Insurance Corporation (NDIC) has warned bank customers and the public against displaying their bank details because fraudsters were becoming more creative. The NDIC in its official website on Friday gave out four tips for bank customers to safeguard their accounts. The...
BUSINESS
By MBAFAN ADE – The African Development Bank (AfDB), has launched and priced a USD 2 billion 5-year Global Benchmark bond due March 14, 2028. The bond, the bank’s first of the year, was issued on March 7, 2023, according to a release made available to NATIONAL ACCORD on...
Google has announced three new initiatives aimed at empowering women entrepreneurs in Africa and providing them with the resources to succeed. Mr Folarin Aiayegbusi, Head of Startup Ecosystem, Africa, said that the initiative was the organisation’s way to celebrate 2023 International Women’s Day. Aiayegbusi said in a statement that...
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) has concluded arrangements to host an event to mark the 2023 World Consumer Rights Day (WCRD) in Abuja with spotlight on its regulatory initiatives on clean energy usage in the telecoms sector. In what has become a tradition in...
Dangote Cement has received approval of the Securities and Exchange Commission (SEC) for the establishment of a new share buy-back programme. The company said in a Corporate Disclosure to the Nigerian Exchange Ltd. (NGX) on Wednesday that the programme would expire on Dec.12, which means months from the date...
By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman (EVC) of The Nigeria Communications Commission (NCC) has reiterated the Commission’s irrevocable commitment to promoting gender equality and inclusive digital participation in the country. Professor Danbatta stated this on the occasion of the commemoration of 2023 International Women’s Day (IWD)...
The Central Bank of Nigeria (CBN) issued operational guidelines for open banking in Nigeria on Wednesday. The News Agency of Nigeria (NAN) reports that the guidelines establish principles for data sharing across banking and payment systems. In the guidelines, the CBN shall provide and maintain an Open Banking Registry...
US nominee for World Bank Group President, Ajay Banga, has emphasised the need to develop strong partnerships with the African Development Bank (AfDB) with a view to achieving transformative results. Banga, in a statement issued on AfDB’s website, said this when he visited the bank’s president, Dr Akinwumi Adesina,...
The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at N697.38 billion in Q4 2022. This is according to the VAT Q4 2022 Report released in Abuja on Wednesday. The report shows a growth rate of 11.51 per cent on a quarter-on-quarter basis from...
The Afreximbank Academy (AFRACAD), has announced the opening of registration for the 2023 cohort of the Certificate of Trade Finance in Africa (COTFIA). This is contained in a statement signed by Afreximbank’s Media Contact, Amadou Sall on Tuesday in Abuja. Sall said the announcement was made on Tuesday in...
The Managing Director of Galaxy Backbone (GBB) Prof. Muhammad Abubakar said the Federal Government had blocked over 200 cyberattacks during the Presidential and National Assembly elections held on Feb.25. Abubakar made this disclosure at the opening session of a two-day Ministerial Training for GBB’s Board members and Management staffers...
The Abuja Electricity Distribution (AEDC) has announced that there would be power interruption in parts of Abuja as a result of annual maintenance on its 2X15 Mega Volt Ampree (MVA) B52 Injection Substation on Tuesday from 10a.m. to 2p.m. AEDC management in a statement in Abuja said that the...
By OLA MUDOPE, Lagos – The Association of Licensed Telecoms Operators of Nigeria (ALTON), has announced the commencement of harmonised short codes across all networks. The Chairman of ALTON, Gbenga Adebayo, in a statement on Tuesday, said this was in accordance with the regulatory modernisation initiative by the Nigerian...
Nigerians are yet to access the new and old Naira notes days after the Supreme Court order reverting the Central Bank of Nigeria (CBN) directive to stop its use as legal tender from Feb. 10. The News Agency of Nigeria (NAN) reports that Deposit Money Banks (DMBs) in Abuja...
Prof. Adesoji Adesugba, Managing-Director, Nigeria Export Processing Zones Authority (NEPZA) has described President-elect Bola Tinubu as the brain behind modern free trade zones in Nigeria. Adesugba said this in his congratulatory message to Tinubu issued on Monday in Abuja by Dr Martins Odeh, Head of Corporate Communications in NEPZA....
Sofri, a digital banking mobile app, powered by Links Microfinance Bank, has unveiled its weekly draw tagged ‘Sofri 10k awoof promo Season 1’. Mr Barnabas Okwudibie, the Chief Operating Officer, Sofri, said this in a statement on Monday in Lagos. Okwudibie said that the promo was initiated by the...
The non-operating Joint Venture (JV) partners of Oil Mining Lease (OML) 18 have appointed the NNPC Eighteen Operating Limited as operator of OML 18 to replace Eroton Exploration and Production Limited (Eroton). Mr Garbadeen Muhammad, the Chief Corporate Communications Officer, NNPC Ltd, in a statement on Monday said this...
By OLA MUDOPE, Lagos – FirstBank of Nigeria Ltd., has appointed Mr. Oluseyi Oyefeso as Executive Director, Retail Banking in charged of the South. The bank in a statement on Monday in Lagos, said his appointment, which took effect on March 2, 2023, was subject to the Central Bank...
Naira on Monday exchanged at N461.33 to a dollar at the Investors and Exporters window. The rate represented an increase of 0.09 per cent, compared to the N461.75 for which it exchanged to the dollar before the close of business on Friday. The open indicative rate closed at N461.50...
The Central Bank of Nigeria (CBN) says it remains committed to its developmental mandate of stimulating access to finance for the real sector, disclosing that total repayments as of the end of February 2023 under the Anchor Borrowers’ Programme (ABP) stood at N0.503 trillion, representing 52.39 per cent, adding...