FOREMOST BANKER, JIM OVIA APPOINTED CHAIRMAN OF NIGERIAN EDUCATION LOAN FUND BY PRESIDENT TINUBU

FOREMOST BANKER, JIM OVIA APPOINTED CHAIRMAN OF NIGERIAN EDUCATION LOAN FUND BY PRESIDENT TINUBU President Bola Tinubu has approved the appointment of the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). This was announced in a State House Press Release by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale on April 26, 2024.  According to the statement, ‘‘the President believes Mr. Ovia will bring his immense wealth of experience …

Fidelity Bank: Improved Share Price as Growth Indicator When the management of the Nigerian Exchange Limited (NGX) in July 2023 announced that it was reclassifying Fidelity Bank Plc from small-price stock to medium-price stock, financial analysts concluded that the road to attaining Tier1 status by the bank is closer than ever imagined. In full year 2022. Fidelity Bank briefly fell into the Tier 1 category and saw the highest gross earnings of N337.10 billion and profit before tax of N53.68 billion. The bank’s higher interest income relativ…

Q1: More Nigerians buy Dangote Cement, as volume rises by 26.1% to 4.6MT

Q1: More Nigerians buy Dangote Cement, as volume rises by 26.1% to 4.6MT  Strategies adopted by Dangote Cement to increase sales and ensure an adequate supply of products to customers are yielding the desired results as domestic sales volume increased, by 26.1 percent to 4.6Mt in the first quarter of 2024.  According to the cement manufacturers’ unaudited results for the three months that ended, on April 30, 2024, the Nigerian operations volume rose significantly and positively affected the rise in the Group’s overall volume to 7.0  Mt. The co…

Hydrogen Hosts Catalyst Workshop, Highlights Resilient Business Models For Fintech Startups

Hydrogen Hosts Catalyst Workshop, Highlights Resilient Business Models For Fintech Startups L-R:  Obinna Ojekwe, Head, Brand and Marketing, Hydrogen; Emeka Awagu, Chief Technology Officer, Hydrogen; Miracle Ezechi, Digital Marketing Lead, Hydrogen, and Ina Alogwu, Group Director, Digital Transformation, ARM HoldCo, at the training session organised by Hydrogen in partnership with CcHub for tech startups in Lagos... recently. As part of its mission to empower African businesses with tools needed to thrive, garner admiration, and foster glob…

Fidelity Bank Commends Air Peace’s Performance . Celebrates Airline For The Commencement of the Lagos-London Route

Fidelity Bank Commends Air Peace’s Performance . Celebrates Airline For The Commencement of the Lagos-London Route LAGOS – Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago. L – R: Vice Chairman, Air Peace, Mrs. Alice Onyema; Chairman, Air Peace, Dr Allen Onyema; Managing Director/Chief Executive Officer, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe; and Managing Director, Graviti Hill Ltd, Dr Ken Onyeali Ikpe at a special event organised by the bank to celebrate the commencement of …

Stanbic IBTC Bank rewards 70 more Customers with ₦100,000 each in the Reward4Saving 3.0 March draw

Stanbic IBTC Bank rewards 70 more Customers with ₦100,000 each in the Reward4Saving 3.0 March draw Stanbic IBTC Bank recently announced 70 more customers as winners of  ₦ 100,000 each in its Reward4Saving promo March draw. The promo was launched to encourage Nigerians to save and earn rewards for maintaining a consistent savings habit. The Reward4Saving 3.0 promo will continue to reward 70 customers who maintain at least  ₦ 10,000.00 in their savings account for up to 30 days, each month until August 2024. In addition, seven lucky custome…

NDLEA arrests 3 top cartel members in historic heroin bust

NDLEA arrests 3 top cartel members in historic heroin bust NDLEA arrests 3 top cartel members in historic heroin bust **Intercepts Oman-Bound Drug Consignment More than two months after they were declared wanted, operatives of the National Drug Law Enforcement Agency, NDLEA, have arrested three members of an organized criminal organization which specializes in illicit drug trafficking across Nigeria, South Africa, Mozambique, Europe and America. “This followed the recent seizure of the single largest consignment of heroin at the Murtala Muha…