Nigeria will need 15 years to transform economy – World Bank VP
The World Bank says that Nigeria must sustain its current economic reforms over the next 10 to 15 years to position itself as a leading global economic power, not only in sub-Saharan Africa but worldwide.
Wema’s ALAT hits 1m accounts in one day
Africa’s first Digital Bank, ALAT By Wema, has unveiled the #BeAudacious campaign, as part of activities commemorating its 5th anniversary. Wema Bank in a statement said: “The #BeAudacious campaign, which was led by the Brand Ambassador and one of Africa’s leading music icons, Davido saw ALAT By Wema target the opening of one million new […]
ProvidusBank to issue Nigeria’s 1st Eco-Friendly Debit Card
ProvidusBank has launched ProvidusEco, Nigeria’s first eco-friendly debit card at a ceremony that also coincided with marking this year’s Earth Day. Commenting, Managing Director and CEO of ProvidusBank, Mr. Walter Akpani, said, “ProvidusEco is a contactless card created with biodegradable materials and will in the first instance be released under the Platinum MasterCard brand.” According […]
Marginal fields: Cancel 2020 award, refund signature bonus, stakeholders tell FG
By Nkiruka Nnorom Stakeholders in the energy sector have called on the Federal Government to reverse the award of 2020 marginal oil fields, citing the high bidding cost and signature bonus as too demanding on bidders. Specifically, they noted that the astronomical increase in the bidding cost and signature bonus between 2003 and 2020, have […]
OTC 2022: PETAN advocates independent path to energy transition
By Udeme Akpan & Ediri Ejoh THE Petroleum Technology Association of Nigeria, PETAN, has called on Nigeria and other African nations to chart their independent energy transition paths. Many experts in Europe and other continents have already called for an immediate ‘ban’ of fossil fuel, citing its environmental hazards and other factors as reasons. Responding […]
FOREX: Turnover in I&E up 201% to $14.53bn in 4 months
•As Naira appreciates by N16 By Elizabeth Adegbesan The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose sharply by 201.5 percent, year-on-year (YoY), to $14.53 billion in the first four months of the year (January to April 2022) from with $4.82 billion in the corresponding […]
