Author: Newsjaunts
Lagos, Nigeria – To deliver simpler, smarter banking solutions, Union Bank of Nigeria has partnered with the Pan-African Payment and Settlement System (PAPSS) network, a Financial Market Infrastructure that provides hassle-free and convenient cross-border money transfers to some selected African countries. This revolutionary payment solution for implementing the African Continental Free Trade Agreement (AfCFTA) is designed to transform how payments are made across Africa. With PAPSS, customers can send money instantly to Ghana, Kenya, Rwanda, Liberia, Sierra Leone, Gambia, Malawi, Zambia, Zimbabwe, Djibouti, Nigeria and more African countries in the future. Using PAPPS offers numerous benefits to customers, including, but…
Nestlé is pleased to announce an ongoing collaboration with the Federal Ministry of Livestock Development to launch a Dairy Technical Skills Development Program. This initiative, formalized through a Letter of Intent (LOI) signed today in commemoration of World Milk Day 2025, aims to enhance the quality and volume of milk production in Nigeria, addressing critical needs within the dairy sector. The LOI reflects a shared commitment to develop mid-level technical and vocational skills essential for strengthening Nigeria’s dairy value chain, ensuring food security, improving nutrition, and fostering sustainable livelihoods. The partnership will focus on: • Establishing capacity-building programs centered on…
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has been announced as the winner of the ‘Commercial Bank of the Year’ Award at the 2025 Nairametrics Capital Market Choice Awards (NCMC Awards). The announcement was made at the prestigious awards gala held on May 23rd at the Civic Center in Lagos, where standout performers across Nigeria’s capital markets were celebrated. The Nairametrics Capital Market Choice Awards is a data-driven platform that recognises excellence among publicly listed companies in Nigeria. Winners are selected based on key metrics such as revenue growth, profitability, return on…
Abbey Mortgage Bank Plc lost about 27% of its market value in the equities market as investors trimmed their interest in the financial services company. Investors reacted negatively as the company obtained approval to raise N100 billion by way of issuance of shares, global depository receipts, loans, etc. The stock is now trading at a significant discount to N9.85 kobo, its 52-week high in the Nigerian equities market. According to data from the Nigerian Exchange (NGX) trading platform, the mortgage bank experienced strong sell pressure, closing at N5.58 on Friday when 2.017 million units valued at N11.550 million were traded.…
The market value of Sterling Financial Holdings Plc shrank by more than 5% in the equities market as investors, shareholders anticipate the release of its audited financial statement for year 2024. The share price closed lower at N5.65 in the equities segment of the Nigerian Exchange on Friday as investor sentiment waned. The financial services holding company that harbors Sterling Bank is trading at about a 12% discount to its 52-week high. Data obtained from the Nigerian Exchange put N256.832 billion as the market value of Sterling Financial Holdings Plc’s 45.457 billion shares outstanding. Breaching regulatory requirement, Sterling Plc has…
The Congress of the Nigeria Union of Journalists (NUJ), Ogun State Council, convened at the Aremo Olusegun Osoba Hall to discuss crucial matters affecting its members and the broader community. At this important gathering, a vote of confidence was passed in the leadership of Wale Olanrewaju, recognizing over sixteen significant projects executed in the council secretariat during his two-and-a-half-year tenure. The Congress also extended heartfelt congratulations to Governor Dapo Abiodun on his 65th birthday and the sixth anniversary of his administration, highlighting his exemplary governance and achievements that have positively impacted Ogun State. The successful hosting of the 2024 Gateway…
LAGOS.02.06.2025. Unity Bank Plc has reaffirmed its commitment to advancing electronic payment adoption and financial inclusion by partnering with domestic card scheme provider, AfriGo, to boost card usage across its retail customer segments. This pledge was made during a high-level strategic business engagement held at Unity Bank’s head office in Lagos on Friday, with AfriGo’s Executive Management team. Speaking during the session, Unity Bank’s Managing Director/CEO, Mr. Ebenezer Kolawole, stated: “We are committed to making the AfriGo Card a primary delivery channel for Unity Bank. As a national domestic card scheme, it deserves to be promoted both internally and externally as…
Governor of Anambra State, Professor Charles Chukwuma Soludo, extends his heartiest congratulations to President Bola Ahmed Tinubu on his successful two years of exemplary leadership. Governor Soludo commends President Tinubu’s bold and visionary economic reform policies, which have positioned the country on a trajectory of sustainable growth and development, despite temporary setbacks. According to the Governor’s Chief Press Secretary, Christian Aburime, Governor Soludo said President Tinubu’s game-changing initiatives, including the removal of fuel subsidies, foreign exchange reforms, and significant investments in infrastructure development, demonstrate his decisive commitment to building a prosperous nation. “President Tinubu’s courageous leadership in implementing necessary economic…
…holds singular honour of being the first and only entrepreneur to have won in both emerging and master categories in any region and being invited to global jury for 2nd year running
Abeokuta’s nightlife is about to reach new heights as the highly anticipated B&Y Royal Bar & Lounge launches in style this ILEYA Eve 2025! Guests will experience an electrifying evening of music, luxury, and pure entertainment, with an exclusive live performance by Fuji legend Alhaji Dr. Sefiu Alao (Agbara Orin)—guaranteeing a party that will keep the energy alive until the early hours. 📍 Venue: 3, Oke Ayo Street, Safari Junction, Onikolobo, Abeokuta, Ogun State⏰ Time: 2 PM till late💰 Gate Fee: Regular – N5,000 | VIP Gold Table for 10 – N250,000📞 Reservations & Enquiries: With top-tier security, an exceptional…