Stanbic IBTC Boosts Nigeria’s Agriculture Sector With Low-Interest Agro-Loans

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has reaffirmed its commitment to the growth of Nigeria’s agriculture sector by supporting farmers and other players in the agricultural value chain. As the demands on agribusinesses change seasonally, the foremost financial institution provides financing solutions for agricultural enterprises to suit their requirements. These needs range from availability of resources, to farming equipment, as well as enhancement of seasonal cashflow, amongst others. Stanbic IBTC Bank PLC offers various low-interest credit facilities across the agricultural sector that will help clients…

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Financial Services Fintech 

Bankers’ Committee of Nigeria; CBN Launches the ‘Moni Sense’ Campaign to Educate the Public on Protecting themselves against Cyber Fraud & Scams

The Central Bank of Nigeria (CBN) and the Bankers’ Committee of Nigeriath, 2020 launched its cybersecurity & fraud awareness campaign, called ‘Moni Sense’ to educate the general public on protecting themselves against cyber fraud and scams. As the end of the year business season kicks off, comprehensive fraud and cybersecurity awareness remains important in ensuring the general Nigerian public is informed on their role in protecting their banking information from fraudulent activities. Speaking on the initiative, Emeka Emuwa, Chairman, Financial Literacy and Public Enlightenment Sub-Committee (FLPE), said; “Fraudsters and scammers…

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Oil and Gas 

Nigeria Expects $200m From The Netherlands, Switzerland- Malami

Nigeria is awaiting the return of $200 million from the Netherlands and Switzerland, as part of OPL 245 Malabu Oil, Minister of Justice Abubakar Malami has said. Mr Malami made this known while declaring open a capacity building workshop and interactive session with Judiciary Correspondents in Abuja on Tuesday. The Attorney-General, who gave a score card of the ministry in the past one year, said due to the anti corruption crusade of the present administration, we facilitated the recovery of $62 billion arrears from oil companies as part of federation…

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Africa Covid19 Financial Services Government Healthcare 

Nigeria likely to go into severe recession due to COVID-19, Oil price crash

The World Bank made this known in a statement in Abuja on Thursday as part of its latest Nigeria Development Update (NDU). The bank said the report indicated that Nigeria in Times of COVID-19: Laying Foundations for a Strong Recovery, estimated that the country’s economy would likely contract by 3.2 per cent in 2020. It stated that this projection assumed that the spread of COVID-19 in Nigeria would be contained by the third quarter of 2020. It however noted that If the spread of the virus became more severe, the…

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Africa Education Healthcare 

Unity Bank Partners Dynamiss to Boost Access to E-Learning in Nigeria

With Nigeria still uncertain of the school resumption due to the rapidly spreading COVID-19 pandemic across the country, the importance of e-Learning is more pronounced now more than ever. To this end, Unity Bank Plc has forged a collaborative partnership with Dynamiss, a digital learning solutions provider, to provide low-interest credits to schools to boost access to digital learning resources in Nigeria. Under the partnership, a full e-learning package comprising Microsoft School Portal, Discounted Airtel Data and Free Contents and Devices powered by Dynamiss will be supported with financing from…

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