BUSINESS

AfCFTA, UBA sign $6bn MoU to fund SMEs

Daily Dispatch December 2, 2023

One of Nigeria’s Tier One Lenders, United Bank for Africa says it has signed a $6bn Memorandum of Understanding with the African Continental Free Trade Area secretariat aimed towards funding Small and Medium Enterprises to help them tap the opportunities presented by the AfCFTA. The Head of SME

BUSINESS

CBN “Post no Debit” on accounts without BVN, NIN

Daily Dispatch December 2, 2023

The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without a Bank Verification Number and National Identification Number effective April 2024. “Post No Debit” is a term used to describe a restriction imposed by banks on specific accounts, preventing customers from making withdrawals, transfers, or any other debits from their […]

BUSINESS

OPEC pegs Nigeria’s crude oil production at 1.5 million bpd, as Petroleum Ministry’s Perm Sec, Amb. Aduda, emerges alternate Chair of Organisation’s Board of Governors

Daily Dispatch December 2, 2023

Nigeria’s crude oil production for 2024 has been pegged at 1.5 Million Barrels Per Day. The above is one of the major outcomes of the 36th OPEC and Non-OPEC Ministerial Meeting, which ended in Austria, Vienna, on Thursday. Oluwakemi Ogunmakinwa, Deputy Director and Head of the Press and Public Relations Unit in the Ministry of […]

BUSINESS

The Alternative Bank unveils AltBiz and AltInvest at the 44th Kano Trade Fair

Daily Dispatch December 1, 2023

The Alternative Bank has unveiled two of its major financial products at the on-going Kano International Trade Fair namely AltBiz and AltInvest.  This marks a significant step for the bank as it continues to play a pivotal role in shaping the financial landscape especially in the northern region. Whilst AltBiz caters to the financial needs […]

BUSINESS

Fidelity Bank Plc signs the UN principles for responsible banking

Daily Dispatch November 30, 2023

Fidelity Bank Plc has become an official signatory of the UN Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI). The Principles are the leading framework for ensuring that banks’ strategy and

BUSINESS

Sterling One Foundation commits to the African Union Year of Education (AUYoE) alongside African Education Ministers and other stakeholders

Daily Dispatch November 30, 2023

The Sterling One Foundation has reiterated its commitment to investing in foundational learning and working with the Association for the Development of Education in Africa (ADEA) and partners to boost education in Africa. This commitment was made at the 2023 High Level Policy Dialogue hosted in Zambia by ADEA and the Zambian Ministry of Education […]