First Bank Board of Directors is in a meeting over the sudden departure of its MD, Dr Adesola Adedutan. The meeting will discuss ways of mitigating the effects of Adedutan’s sudden pre retirement leave which he said should take effect from today. Newsthumb reported exclusively recently that Adedutan conveyed his decision to quit eight months to his scheduled retirement to ... Read More »

UBA America, the United States subsidiary of United Bank for Africa (UBA) Plc hosted diplomats, government officials and business leaders to a networking reception in partnership with the esteemed Business Council for International Understanding (BCIU) and the U.S. Department of States in Washington DC on Monday . The event which was held on the sidelines of the ongoing IMF World ... Read More »

The Federal Government targets a 24-hour clearance of goods at the ports to enhance trade and ease of doing business. To achieve this, activities of all the agencies operating at the ports have been consolidated into a single window. Yesterday, the President inaugurated a committee on the implementation of the National Single Window Project (NSWP). The project, an electronic platform, ... Read More »

Voices from Civil Rights Society Organizations under the auspices of ‘Take It Back Movement’ supposed Sowore’s national civil society organisation and Restoring Of Women and Girls Life For Education (ROWGLES) has joined in the activation of urgent and swift appeal to the Governor of Lagos State, Gov Babajide Olusola Sanwo-Olu leadership to reopen Saint Margaret group of schools located at ... Read More »

Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. The competition is scheduled to hold between 24th – 28th May 2024 at the Ecobank Pan African Centre (EPAC) in Victoria Lagos. It is open to students from primary, Secondary and Tertiary ... Read More »

The Federal Government, through the Ministry of Marine and Blue Economy, has said it will soon unveil its plans for the inland waterways and coastal services across the industry. Marine and Blue Economy Minister Adegboyega Oyetola reportedly announced this in a statement in Lagos by the Chief Executive Officer (CEO) of Zoe Maritime, Mrs. Tosan Edodo-Moore. The News Agency of ... Read More »

President Bola Tinubu has assured that the nation’s economy will roar back to glory in the coming months, re-echoeing the fact that the worst is over in the economic travails being faced by the nation. Tinubu however called for unity of purpose and more collaboration between the federal government, state governors, and members of the National Assembly to achieve national ... Read More »

The naira, on Friday, appreciated to N1,150 per dollar at the parallel section of the foreign exchange (FX) market. Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,110 and the selling price at N1,150 — leaving a profit margin of N40. The naira appreciated by 0.86 percent from ... Read More »

 Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the Nigerian Exchange (NGX), this impressive triple-digit growth in gross earnings ... Read More »

To compete with Air Peace, which recently started flying on the route, foreign airlines have further reduced their airfares on the Lagos-London route. Air Peace launched direct flights from Lagos to London on March 30, charging N1.2 million for a round-trip economy ticket on a route where other airlines were charging up to N3 million. Foreign airlines reduced their round-trip ... Read More »