Naira devaluation’s fake news, says CBN
Naira devaluation’s fake news, says CBN The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window. A top official of the apex bank, who told this medium that the report is completely false , warned that such reports could have serious adverse consequences for the economy. According to the top official, the CBN has not changed its strategy of allowing a gradual convergence of the parallel and official market exchange rates…
ZENITH BANK RECOGNISED AS 'BEST CORPORATE GOVERNANCE FINANCIAL SERVICES' IN AFRICA FOR THE FOURTH YEAR RUNNING
ZENITH BANK RECOGNISED AS 'BEST CORPORATE GOVERNANCE FINANCIAL SERVICES' IN AFRICA FOR THE FOURTH YEAR RUNNING For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance 'Financial Services' Africa 2023 by the Ethical Boardroom. The award, which was published in the Spring 2023 edition of The Ethical Boardroom magazine, is in recognition of the bank’s adherence to global best practices and institutionalization of corporate governance, setting an industry-wide example of best practices i…
Stanbic IBTC Bank Nigeria PMI: Recovery from cash crisis continues in May
Stanbic IBTC Bank Nigeria PMI: Recovery from cash crisis continues in May Latest PMI data indicated that the Nigerian private sector continued to recover from the cash crisis in May as access to money improved and business conditions returned to normality. Output and new orders expanded for the second month running, with the latter increasing at the fastest pace in just over a year. Confidence remained historically subdued, however, meaning that firms continued to operate a cautious approach with regard to hiring. Input costs rose shar…
GOVT, FIRST BANK PARTNER TO BOOST HEALTHCARE DELIVERY IN IJE-ODODO COMMUNITY
GOVT, FIRST BANK PARTNER TO BOOST HEALTHCARE DELIVERY IN IJE-ODODO COMMUNITY In a bid to boost healthcare delivery to thousands of residents, the Lagos State Government has built and unveiled a new Primary Healthcare Centre (PHC) in Ije-Ododo Community, Iba Local Council Development Area (LCDA), under the Ojo Council Area of the state. The facility, which has been under construction since 2021 in partnership with First Bank of Nigeria Limited, was unveiled in the community in an opening ceremony attended by the Lagos State Governor, Baba…
NASCON RECORDS 84% INCREASE IN PROFIT
NASCON RECORDS 84% INCREASE IN PROFIT …shareholders commend dividend payment. NASCON Allied Industries Plc have recorded impressive growth in all performance indicators in the year ended December 31, 2022, with profit after tax surging by 84 percent, from N2.97 billion to N5.47 billion. Shareholders at the company’s 2022 annual general meeting (AGM) held at the weekend in Lagos commended the board and management of NASCON for consistent payment of dividends. DSC_3880: L-R: Executive Director Commercial, NASCON Allied Industries Plc, Fat…
Iconic Encounter: Music Superstar Davido Meets Wema Bank's New MD/CEO
Iconic Encounter: Music Superstar Davido Meets Wema Bank's New MD/CEO In what will be recorded as a historic occasion in the worlds of entertainment and finance, globally acclaimed Nigerian music artist, Davido met with Wema Bank’s Managing Director and Chief Executive Officer, Moruf Oseni, to explore opportunities for collaboration and transformation between the finance and entertainment industries. Iconic Encounter: Music Superstar Davido Meets Wema Bank's New MD/CEO In what will be recorded as a historic occasion in the worlds…
Nestle Plc celebrates Nigerian Childre
Nestle Plc celebrates Nigerian Children On Children’s Day, Nestlé Nigeria celebrates the resilience of Nigerian Children Nestlé Nigeria marked Children’s Day 2023 with children in the 30 Nestlé for Healthier Kids beneficiary schools, by providing them with learning materials. The company has been at the forefront of efforts to help children live healthier, happier lives through research, product innovation, food fortification, nutrition education and promotion of an active lifestyle. The company collaborates with stakeholders to reach …
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