Tuesday, November 29, 2022
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FBNBank UK stands tall at 40, appreciates customers, regulators

Guests at the event include the Chief Justice of Nigeria, Justice Olukayode Ariwoola, Oba Moshood Olalekan Ishola Balogun, Alliiwo II, Olubadan of Ibadan land; Ambassador Sarafa Tunji Isola, High Commissioner, Nigerian High Commission, UK; His Highness, Muhammadu Sanusi II, former Governor, Central Bank of Nigeria.

Without subsidy petrol would be N410 per liter in Nigeria- Kyari

“It is not possible for you to buy fuel at N170 when your actual cost is thrice that value. For instance, today, when PMS comes into this country, we transfer to marketers at N113 per litre for us to ensure N165 at the pump, so you must sell at N113 to them to be able to deliver at N165.

BUHARI CONGRATULATES FBN ON 40 YEARS OF CROSS-BORDER BANKING IN UK

“As the FBN, United Kingdom celebrates 40 years anniversary, the President believes the strength and buoyancy of any country depend largely on the capacity of the banking sector, extolling the organization for steady rise and expansion, with remarkable awards for transparency, accountability, and reliability,” the statement reads.

First Bank, CFA Society partner to host Universities Ethics challenge  

The Universities Ethics Challenge is designed to increase students' awareness of the ethical dilemmas and issues they may face when they become finance and investment management professionals. 

FIRST BANK boosts business operations in oil sector

First Bank of Nigeria Limited has announced its varieties of retail products specifically designed to enhance the operations and sustenance of various businesses in the country. The products, Petroleum Dealership Finance (PDF), Operational Vehicle Finance (OVF) and Commercial Mortgage, will strengthen the capacity of businesses to meet their immediate and long-term needs which are required to continually impact the socio-economic development of the country. 

CBN Marks First Anniversary of eNaira

The implementation of the eNaira, according to a statement, has put Nigeria in the global spotlight as one of the pioneers to deploy a CBDC into live production.

Zainab Ahmed, Emefiele, others at IMF-WB meetings in Washington

The 2022 World Bank Group/International Monetary Fund Annual Meetings on-going in Washington, D.C., US. Nigerian Minister of Finance, Zainab...

CBN releases $265m to Airlines To Settle Outstanding Ticket Sales

A breakdown of the figure indicates that the sum of $230  million was released as special FX intervention while another sum of $35 million was released through Retail SMIS auction.

FOREX: Don’t succumb to speculative players, CBN urges Nigerians

According to him, the Bank’s records showed that foreign exchange inflow through the RT200 FX Programme in the first and second quarters of 2022 increased significantly to about US$600 million as at June 2022.
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TCN adds 98MW to grid; energizes 2x60mva 132/33kv Gwarinpa Sub-station

According to a statement, the 132kV transmission sub-station is one of the five sub-station projects comprising the Abuja Ring Projects, funded by Agence Francais de Developpment (AFD).

NDPHC wins Power project of the year award

The Power Sector Awards is an initiative designed to recognize, celebrate and promote public and private sector organizations and individuals in the Nigerian Electricity Supply Industry (NESI).  

TCN delivers 22 Power Transformers, other Transmission Equipment to Lagos store

The equipment described as the highest of such in the company’s history, comprise of 22 power transformers, haulage trucks, transmission switchyard spare parts, 45No. earthing transformers, Suspension Clamps, Vibration Dampers, Armor Rods, Circuit Breakers, Current transformer, Voltage transformers, 100tons Crane truck heads

Baobab+ celebrates two years in Nigeria distributing Solar Home Systems

Speaking on the anniversary, the Chief Executive Officer, Baobab+, Kolawole Osinowo, the company has equipped thousands of households and served several beneficiaries with its off-grid energy solutions in the past 2 years.