NIBSS slashes fees as Nigerians remain confused on debits from transfer
Whereas the Nigerian Inter-Bank Settlement System (NIBSS) has announced drop in its transaction processing fee for NIBSS Instant Payment from N5 to N3.75k effective July 1, 2023, many bank customers have continued to query the rising number of debits following…
Pantami’s History of Digital Deception and Desperation?
By Tokunbo Adebayo In a recent press statement, Isa Ali Pantami, the former Minister of Communications and Digital Economy, shamelessly proclaimed that he single-handedly raised the ministry’s quarterly revenue from a meager N51.3 million to a staggering N408.7 billion….
LIRS, FIRS Give Public Notice On Joint Tax Audit/Investigation
As part of their efforts to beat serial tax evasion, the Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding (MoU) signed by both agencies to establish…
Access to Childcare Boost to Nigeria’s Private Sector Productivity– IFC/NGX Report
Improving family-friendly workplace policies in Nigeria, including access to quality childcare for parents, could boost private sector productivity and benefit employees, children, and businesses in the country, according to a report published today by IFC and the Nigerian Exchange (“NGX”…
Fidelity Bank plans Fidelity International Trade and Creative Connect (FITCC)
…takes trade expo to Houston, Texas, USA in October 2023 Relying on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, leading financial institution, Fidelity Bank Plc, has…
Just in: Access Bank most valuable Nigerian brand at N205.6bn
World’s leading brand valuation consultancy, Brand Finance, Thursday released a study showing that due to an impressive year-on-year brand value growth of 31%, Access Bank has become the most valuable Nigerian brand with a value of NGN205.6 billion. Despite a…
Fintechs can’t lend to Dangote, but banks can—Chike Obi
Chairman of Bank Directors Association of Nigeria (BDAN), Mr. Mustapha Chike Obi has debunked the growing fears that Financial Technologies (FinTechs) will soon push traditional banking institutions away from core banking businesses. Addressing financial issues of national importance Thursday morning…
CBN devalues currency to N630 as W’Bank decries debt burden
Even though the Central Bank of Nigeria (CBN) has tactically devalued the naira, thus raising official exchange rate from N415 to about N630, the President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is…
Nneka Onyeali-Ikpe, Fidelity Bank Boss Gets OON National Award
The Chief Executive Officer of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has joined the league of prominent Nigerian on the prestigious 2023 national awards of Officer of the Order of the Niger (OON)recently. In the 2023 national awards list released by…
Ooni’s wife, Joke Ladoja, others line up for Ecobank’s Adire Lagos Expo
All is getting set for the takeoff of Adire Lagos Expo by Ecobank from June 9th to 12th at Ecobank Pan African Centre (EPAC), Ozumba Mdadiwe Avenue, Lagos. Already, expected to grace the occasion are top government officials from Lagos,…
