The Securities and Exchange Commission has granted two Digital Assets Exchanges “Approval-in-Principle” to commence operation under the Accelerated Regulatory Incubation Program, ARIP. The companies granted approval are Busha Digital Limited, Quidax Technologies Limited. Disclosing this in a statement in Abuja Thursday, the Commission said the cohort comprises of two Digital Asset Exchanges, four Digital asset Offering Platforms and […]
Author: Business Nexus
Heirs Holdings Reinstates Commitment to African Economic Growth
Heirs Holdings has reaffirmed its commitment to fostering economic growth in Nigeria and across Africa. Speaking at the 14th anniversary Media Parley held in Lagos, Group Chairman of Heirs Holdings, Tony Elumelu, highlighted the company’s dedication to long-term investment in Africa’s strategic sectors. “In 2010, we embarked on […]
Nigerian Breweries undertakes N599.1bn Rights Issue After Regulators’ Approval
Following the approval received from its shareholders in April 2024, Nigerian Breweries has said it now obtained clearance for the relevant documents from the Securities and Exchange Commission and NGX Regulation Limited. The Company intends to raise N599.1bn through a Rights Issue. A total of 22.61bn Ordinary Shares […]
LCFE, Commodities Brokers Applaud FG, CBN On Food Importation Directive
Lagos Commodities and Futures Exchange (LCFE) and top commodities brokers have commended the Federal Government and Central Bank of Nigeria (CBN), for the recent directive, mandating companies to channel the importation of basic food items through commodities exchanges. The new directive, which is expected to enhance price discovery, reduce […]
HEI wins ACT Foundation grant to tackle NCDs in Nigeria
The Health Emergency Initiative (HEI) has been selected as one of the 2024 grantees by Aspire Coronation Trust (ACT Foundation) aimed at reducing Non-Communicable Diseases (NCDs) across four states in Nigeria. Mr Paschal Achunine, Ashoka Fellow and Executive Director HEI, confirmed this in a statement on Monday in Lagos. […]
Nigeria’s Economy Grew By 3.19% In Q2- NBS
Nigeria’s Gross Domestic Product (GDP) grew by 3.19% per cent (year-on-year) in real terms in the second quarter of 2024. This growth rate is higher than the 2.51% recorded in the second quarter of 2023 and higher than the first quarter of 2024 growth of 2.98%. The performance of […]
FBN Holdings Plc Reschedules 12th Annual General Meeting
FBN Holdings Plc has announced the postponement of its 12th Annual General Meeting (AGM), initially scheduled to be held virtually on August 22, 2024. The meeting has now been rescheduled for Tuesday, September 3, 2024. This change was disclosed in a notice sent by the company to the Nigerian […]
United Capital Launches New Subsidiary, UCEE Microfinance Bank …..Appoints Esther Adeola-Balogun As Managing Director/CEO
United Capital Group, a Pan-African investment management and financial services group has announced the official launch of its newest subsidiary, UCEE Microfinance Bank, at a ceremony held at the Bank House in Marina, Lagos. The event was attended by the Chairman of Heirs Holdings Group, Tony O. Elumelu, alongside other […]
NIBSS celebrates milestones, promises inclusive payment system
The Nigeria Inter-Bank Settlement System Plc (NIBSS) at its 30th Annual General Meeting (AGM) promised to leverage emerging technologies and deepen partnerships to ensure seamless and inclusive payment for all Nigerians. The AGM marked a significant milestone in the history of NIBSS, as it celebrated three decades of advancing Nigeria’s […]
Telecom Operators Call for Government Intervention Amid Rising Sector Challenges
Telecom operators have called on the Nigerian government to take urgent steps to support the telecommunications industry, which has been under increasing distress. The operators at a stakeholders conference themed ‘Telecoms Industry 2.0: The Next Investment Frontier in Nigeria’ raised concerns about the growing challenges facing the sector. […]