The Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 27.50 per cent citing improvement in economic indices. The apex bank’s governor, Olayemi Cardoso announced the decision on Thursday at the 299th Monetary Policy Committee Meeting (MPC). The decision comes after […]
Author: Business Nexus
VFD Group Commits N5bn Into V Bank To Drive Digital Banking Growth
VFD Group Plc has injected N5bn to its subsidiary, VFD Microfinance Bank’s (V Bank) Expansion and Financial Inclusion, a move aimed at accelerating the bank’s growth and strengthening its position as a leading player in Nigeria’s digital banking space. In a written resolution sent to the Nigerian Exchange […]
CSCS Unveils Regconnect Version2, Revolutionizing Data Exchange For Registrars
Central Securities Clearing System (CSCS) Plc is pleased to announce the launch of RegConnect Version 2, set to go live on February 28, 2025. This is a cutting-edge upgrade to its flagship web-based application designed to enhance operational efficiency and user experience for Registrars in the Nigerian capital market. […]
Access Bank Restates Commitment to Community, Sustainability at 10th Access Bank Lagos City Marathon
Access Bank Plc has celebrated the 10th anniversary of the Access Bank Lagos City Marathon last Saturday, highlighting the platform’s ability to foster unity, promote healthy lifestyles, and showcasing African excellence on the global stage. Since its inception in 2016, the marathon has evolved into a premier event, attracting […]
Nigerian Breweries Hits N1.1trn Mark In Revenue
Nigerian Breweries Plc, has released its audited Group Financial Statements for the financial year 2024, recording a revenue of N1.1trn. This represents a massive 81 per cent increase on the N599.6bn recorded in the corresponding period in 2023. According to a statement from the company, a further breakdown of the […]
Tightened US Immigration Policies Will Affect Nigerian Diaspora Remittances – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has highlighted the potential impact of tightened U.S. immigration policies under the Trump administration on Nigerian diaspora remittances, which serve as a crucial source of foreign exchange for Nigeria. Dr. Muda Yusuf, Director/CEO of CPPE, emphasized that stricter immigration […]
Haldane McCall Grows Profit by 168% to N1.01bn in 2024 …Shareholders to approve N220.6m dividend
Haldane McCall Plc on Thursday announced its audited financial statement for the full year ended December 31, 2024 with profit before tax at N1.01 billion, a significant increase of 168 per cent when compared to N378 million reported in 2023 financial year. The Real Estate and Hospitality company […]
Berger Paints Urges Government To Tackle High Import Tariffs, Unfair Competition
Berger Paints Urges Government To Tackle High Import Tariffs, Unfair Competition Berger Paints Nigeria Plc has called on the Federal Government to address high import tariffs on essential raw materials and take measures to curb unfair competition from imported paints. The company made this appeal during a […]
AMCE Unveils Construction Milestones as June 2025 Launch Approaches
The African Medical Centre of Excellence (AMCE), a groundbreaking tertiary medical institution spearheaded by African Export-Import Bank (Afreximbank) in partnership with King’s College Hospital, London, hosted a high-level stakeholder and media tour to showcase major construction milestones and reaffirm its commitment to revolutionising healthcare in Africa by building a world-class […]
Nestlé Launches Dairy Demonstration Farm ….Invests Over ₦1.8bn in Dairy Development
Nestlé Nigeria has launched a dairy demonstration farm in Paikon Kore, Federal Capital Territory, as part of its commitment to strengthening the local dairy industry. The company noted that the initiative, under the Nestlé Nigeria Livestock Development Project (NLDP), aims to enhance milk production and improve pastoralists’ livelihoods […]