Category: Capital Market/Banking

CBN Raises Interest Rate To 24.75 Percent
March 27, 2024 No Responses

CBN Raises Interest Rate To 24.75 Percent

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the benchmark interest rate by 200 basis points to 24.75 percent.  This is according to a Tuesday communique by the CBN governor Yemi Cardoso after the...
read more
Alternative Finance For Creative Industry: VFD Group Mulls SplitXchange  
March 27, 2024 No Responses

Alternative Finance For Creative Industry: VFD Group Mulls SplitXchange  

VFD Group Plc has stressed the need for increased financing for the entertainment and media industry to boost foreign exchange earnings and economic development.The Managing Director of Splitar Limited, Mr Folagbade Adeyemi, stated this while speaking at the C...
read more
CBN Sells FX To BDCs At N1,251/$1
March 26, 2024 No Responses

CBN Sells FX To BDCs At N1,251/$1

As the naira gradually appreciates against the dollar after months of unprecedented uncertainties, the Central Bank of Nigeria (CBN), on Monday, announced the sales of $10,000 to each of the eligible Bureau De Change (BDC) operators in the country at...
read more
NGX RegCo, Financial Reporting Council, Unveil Report On Adoption Of Sustainability Reporting Standard
March 24, 2024 No Responses

NGX RegCo, Financial Reporting Council, Unveil Report On Adoption Of Sustainability Reporting Standard

The regulating body of the Nigerian Exchange Group, the NGX Regulation Ltd. (NGX RegCo) and Financial Reporting Council of Nigeria (FRCN), at the weekend launched roadmap for the adoption of the Sustainability Financial Reporting Standard in Nigeria. The lunch...
read more
Stock Market Recovers N74b
March 22, 2024 No Responses

Stock Market Recovers N74b

Bullish sentiment returned to the equity market on Thursday, following investors’ interest stocks of BUA Cement, Zenith Bank and other top traders, making it the first gain of the week. Specifically, the market capitalisation, which opened at N58.947 trillio...
read more
Access Bank To Acquire National Bank Of Kenya
March 21, 2024 No Responses

Access Bank To Acquire National Bank Of Kenya

Access Bank is to acquire the National Bank of Kenya from the KCB Group, its second acquisition of a Kenyan bank in under five years. After purchasing Transnational Bank Limited. in 2019, this is the Nigerian lender’s second acquisition in...
read more
CBN Clears FX Transactions Backlog
March 21, 2024 No Responses

CBN Clears FX Transactions Backlog

The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs of s$7 billion, fulfilling a key pledge of its Governor, Mr. Olayemi Cardoso. In a statement on Wednesday, the apex bank’s Acting Director, Corporate Communications, Mrs Hakama...
read more
Zenith Bank Appoints Adaora Umeoji As GMD/CEO 
March 20, 2024 No Responses

Zenith Bank Appoints Adaora Umeoji As GMD/CEO 

The Board Directors of Zenith Bank Plc has appointed Dr. Adaora Umeoji as the Group Managing Director/ Chief Executive of Zenith Bank Plc.  The Bank in a statement to the Nigerian Exchange explained that the appointment is with effect from June ...
read more
Floating LNG Project: UTM Solicits NCDMB’s Equity Investment, Approvals
March 16, 2024 No Responses

Floating LNG Project: UTM Solicits NCDMB’s Equity Investment, Approvals

UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-trac...
read more
Access Holdings Appoints Aig-Imoukhuede As Chairman
March 14, 2024 No Responses

Access Holdings Appoints Aig-Imoukhuede As Chairman

Access Holdings Plc (Holdco) has announced the return of Mr. Aigboje Aig-Imoukhuede, to the bank as its Non-Executive Chairman. He replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Direct...
read more
Ecobank MySME Growth Series: Expert Proffers Solution To Manage Strategic Staff In “Japa” Era
March 6, 2024 No Responses

Ecobank MySME Growth Series: Expert Proffers Solution To Manage Strategic Staff In “Japa” Era

Against the backdrop of the migration of Nigerian professionals, commonly regarded as ‘japa syndrome’ to developed countries of the world, a human resource expert, Hilda Kabushenga, CEO, The African Talent Company, has said though the factors are beyond or...
read more
Ghana Suspends GTB, First Bank’s Forex Licences
March 5, 2024 No Responses

Ghana Suspends GTB, First Bank’s Forex Licences

Citing various breaches of foreign exchange market regulations,the Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited.The suspension takes effect from March...
read more
NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023
March 5, 2024 No Responses

NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023

Nigerian Exchange Group Plc has announced its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion.  The Group experienced a...
read more
AfDB Supports Nigeria With $134 Million To Cultivate Rice, Maize, Cassava, Soyabeans
March 4, 2024 No Responses

AfDB Supports Nigeria With $134 Million To Cultivate Rice, Maize, Cassava, Soyabeans

The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soyabeans to boost food production. The bank is providing $134 million to achieve this, it president, Dr Akinwunmi Adesina, said on Saturday after visiting...
read more
1 2 3 4 … 153