11

May

Nigeria Needs Immediate Economic Diversification – African Development Bank

Nigeria, Africa’s largest economy, requires urgent economic diversification to step away from a single source of income (oil and minerals) and toward multiple sources of income, according to the African Development Bank. Prof. Oyelaran-Oyeyinka Oyebanji, Senior Special Adviser on Industrialisation at the African Development Bank (AfDB), said this on Monday at the 22nd Founder’s Day Lecture of the Igbinedion University, Edo’s first private university. What the African Development Bank said about diversification “In order to achieve long-term recovery and development, Nigeria requires immediate economic diversification. Nothing illustrates the dangers of over-reliance on a single or limited range of resources more […]

11

May

Heritage Bank, To Boost The N344 Trillion Gold Market

Heritage Bank Plc has announced that as part of a private-sector partnership with Dukia Gold & Precious Metals Refining Co. Limited, it is on track to unlock over N344 billion in market value of gold investible instruments in the solid minerals sector, with plans to list on the Lagos Commodities and Futures Exchange. On Saturday, it announced this in a statement titled “Listing on LCFE: Heritage Bank-Dukia Gold set to unlock N344tn market worth of gold.” The step, according to the bank, would diversify revenue in the non-oil sector by stimulating solid mineral growth in line with the objectives of[…]

10

May

Ten Customers Win 1 Million Naira Each In The UBA Savings Promo

United Bank for Africa (UBA) Plc, a pan-African financial institution, has rewarded ten of its loyal customers with a total amount of N10 million in the current UBA Savings Promo’s quarterly draws. This promo, which is held every quarter, is designed to thank the bank’s long-term customers and to provide new opportunities for potential and intending customers to join the increasing number of UBA millionaires who have previously benefited from many promotions. The virtual and clear electronic draw, which took place on Friday, was broadcast live through Zoom and the Facebook platform in strict accordance with the Federal and Lagos[…]