CBN sacks boards of Union Bank, Keystone Bank and Polaris Bank - ITREALMS

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The Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank, and Polaris Bank with immediate effect, reports ITREALMS.

This action, according to the acting Director, Corporate Communications at CBN, Sidi Ali Hakama (Mrs) has became necessary due to the non-compliance of these banks and their respective boards with the provisions of Section 12(c), (f), (g), (h) of Banks and Other Financial Institutions Act, 2020.

Future Africa awards"23: Sierra-Leonean Mariam Gendemeh emerges star winner - ITREALMS

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The Future Africa Leaders Awards (FALA) 2023 Grand Finale which held in Lagos, Nigeria, saw the emergence of 23-year-old Mariam Gendemeh from Sierra Leone as the star prize winner of the year. She came tops out of thousands of entries reviewed from all 54 countries on the continent.

The yearly event recognises and empowers young Africans between the ages of 16 and 23, who have effectively initiated multifaceted projects and initiatives, that have brought about positive change and innovative advancement in their communities throughout the continent.

Fashion designer, Wells, peeps into 2024, advises FG on exchange rate - ITREALMS

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A Port Harcourt-based fashion designer, Angela Wells has said that she was optimistic 2024 would be a good year for business even as she admonished the federal government to redouble efforts to ensure exchange rate stability, reports ITREALMS.

Speaking to ITREALMS on the sideline of her annual event tagged "Shop and Chop" in Port Harcourt the Rivers State capital recently, Wells maintained that 2023 was a turbulent year for business stressing that it was by the grace of God that many businesses survived.

E-Commerce: How much longer can Jumia hold out in Nigeria? - ITREALMS

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The recent announcement of Jumia Food’s exit from Nigeria, its biggest market, has set alarm bells ringing among industry watchers. Dr. Fred Bongani, a former employee and founding staff, examines the fallouts from this latest misadventure.

E-Commerce, despite its potential as a goldmine, remains one of the most challenging business sectors in Nigeria and indeed, the African continent.

ES @NCDMB visits NUPRC, NIACOM, outlines collaboration opportunities - ITREALMS

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The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Tuesday visited the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe and the Commissioner for Insurance of the National Insurance Commission (NAICOM), Mr. Sunday Olorundare Thomas at their respective offices in
Abuja.

The visit by the new NCDMB boss was aimed at familiarizing himself with chief executives of institutions that are represented on the NCDMB’s Governing Council as well as exploring areas of collaboration.

Adeduntan: FirstBank is future-proof, remains committed to gold standard in banking excellence - ITREALMS

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With over 4.6 trillion-naira loans to customers in Q3 2023, FirstBank is committed to economic growth and transformation says the Group Managing Director of FirstBank of Nigeria Limited, the premier bank in Africa, Dr. Sola Adeduntan, in this interview with Festus Akanbi in readiness for the 2024 journey.

 The global community is yet to recover from the hostilities in Eastern Europe and the Middle East and the wars do not look as if they will end soon. How can Nigeria, a leading  producer of oil, take advantage of the attendant disruptions to world order to reposition its economy instead of continuing to count the losses of the wars?

CfDA: Empowering IXPs in Benin, Malawi, Rwanda - ITREALMS

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The Internet Society has joined forces with the Coalition for Digital Africa, an initiative launched by the Internet Corporation for Assigned Names and Numbers (ICANN) at strengthening Internet infrastructure across the continent, reports ITREALMS.

ISOC Director, Advocacy and Communications, Mr. Megan Kruse, said that the ISOC and ICANN partnership on this project under the auspices of the Coalition, is to help empower Internet Exchange Points (IXPs) in the continent, taking on the goal of enhancing five IXPs across Africa to improve Internet access by making it faster and more affordable.

Dangote reacts to EFCC’s visit to Headquarters - ITREALMS

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Management of Dangote Industries limited has doused the concerns of stakeholders following the visit to its Head office in Lagos by officials of the Economic and Financial Crimes Commission (EFCC) saying it was ready to assist the Commission in its investigations.

The foremost indigenous conglomerate in a statement disclosed that it received a letter from the EFCC on December 6, 2023, requesting for details of all the foreign exchange allocated to it by the Central Bank of Nigeria from 2014 to the present.

No increase in PMS prices, says NNPC Ltd - ITREALMS

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The Nigerian National Petroleum Company (NNPC) Limited has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol, reports ITREALMS

The Chief Corporate Communications Officer, NNPC Ltd, Mr. Olufemi O. Soneye in a press statement available to ITREALMS in Abuja urged Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price.

Prosperous New Year 2024 - ITREALMS

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