IADI–ARC appoints Nigeria’s Bello Hassan, vice chairperson 

International Association of Deposit Insurers, African Regional Committee (IADI-ARC) has appointed the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan its Vice Chairperson. The appointment was made at the IADI-ARC Annual General Meeting (AGM) held recently in Dakar, Senegal. In a press statement on Tuesday, Bashir Alhassan Nuhu, Director, Communication and Public Affairs, stated that the International Association of Deposit Insurers (IADI) was formed in May 2002 as the global...

Coup: Economic Community of Central African States suspends Gabon

The Central African regional organisation, Economic Community of Central African States (ECCAS) has suspended Gabon’s membership in response to last week’s coup by the country. Recall that Gen Brice Oligui Nguema, the coup leader, was sworn in as provisional president on Monday. The junta took control shortly after Ali Bongo was declared the winner for a third term as president, after the country’s controversial presidential election. He has not specified a timetable for restoring civilian...

IT firm, Gomova introduces moving/delivery App for truck drivers, dispatch riders

An Information Technology (IT) company, Gomova technologies has introduced a moving and delivery App for truck drivers, bike dispatch riders in Nigeria. Tagged the future of dispatch and moving services, the innovative App is offering massive opportunities to local truck drivers and van drivers, bike dispatch riders and more. A press statement by the company explained that independent drivers such as tow van drivers that have never thought it possible a time would come when...

First Lady of Oyo State in Nigeria Comes to Houston for Corporate Summit

Her Excellency, the First Lady of Oyo State, Nigeria, Engr. Tamunominini Olufunke Makinde will be in Houston when the city hosts the momentous Fidelity International Trade & Creative Connect summit in October. The summit will bring together global leaders, business tycoons, and government officials to foster global partnerships and discuss opportunities for economic growth and cooperation. The summit hosted by Fidelity Bank Nigeria, is scheduled to take place on October 24-25, 2023, at the George...

Fidelity Bank launches first-of-its-kind International Trade and Creative Fair in Houston

The world is coming to Houston, and it’s not for the Offshore Technology Conference! Houston’s Mayor, Sylvester Turner (left), MD and CEO of the Fidelity Bank, Mrs. Nneka Onyeali-Ikpe.  Photo by Texas International Guardian The Offshore Technology Conference (OTC) is usually one of the major conferences that shake up the city with a convention of international business gurus. The OTC comprises a series of conferences and exhibitions hyping technologies relevant to developing offshore energy resources,...

NBC ups prices of Coca-Cola, Sprite, and other products in FCT, other states

Nigerian Bottling Company, NBC, makers of Coca-Cola or Coke, and Schweppes, among others, has increased the prices of its products in the North Central region of the country. Chris Christodaulakis, the sales director of NBC, disclosed, via a statement, that the new prices will take effect from August 26, 2023. According to the statement seen by The West African Pilot News, the price of a crate of bottled 35cl of Coke, Fanta, Sprite and Schweppes...

US based Nigerians launch App to bring together free online market experience

A group of Nigerians in the United States have launched an App aimed at bringing together online users to a single market place experience. The newly debuted app was launched in Los Angeles, the United States, and the app is expense free, free-to-use e-commerce platform, iChota app, would ensure maximum profitability and cost savings for sellers and buyers. A statement by iChota LLC representative, Brendan Oluoha, said that the platform provides buyers and sellers with...

GlaxoSmithKline shuts down operations in Nigeria

GlaxoSmithKline, GSK, a British multinational pharmaceutical and biotechnology company, has made known its plan to cease operations in Nigeria. A statement by GSK Consumer Nigeria Plc, the Nigerian subsidiary of the company, on Thursday, said that the company’s pharmaceutical products will be distributed by third-party agents across the country. “In our published Q2 results we disclosed that the GSK UK Group has informed GlaxoSmithKline Consumer Nigeria PLC of its strategic intent to cease commercialization of...

Naira to fall as low as N1,018/$1 – Economists

The European Intelligent Unit, EIU, has predicted that the Nigerian currency, the naira will exchange for N1,018 to US$1 in 2027. This is due to high and rising inflation, the economist group stated in its latest report. According to the EIU, in 2024, the exchange rate will be N815 to US$1 and it will slide to N1,018 to US$1 by the end of 2027. The rate in the black market over the period, EIU says,...

Opay unveils new logo to celebrate fifth anniversary

OPay Nigeria, a leading digital fintech company, has officially rebranded and unveiled a new logo to mark its fifth year anniversary in the Nigerian market. The new logo, an “O” loop with a square element, was unveiled on Wednesday across the company’s social media pages. Check out our new Logo. Welcome to the new Era #OPayBeyondBanking #OPayNewLogo pic.twitter.com/OxTXUff5NF — OPay (@OPay_NG) July 26, 2023 According to Nairametrics, the “O” loop represents OPay’s dedication to continuously...

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