The Securities and Exchange Commission (SEC) has warned that investing in meme coins, including $Davido, is highly risky and should be done with a full understanding of the associated risk. The SEC stated this in a statement made available to the newsmen. According to the Commission in a Circular dated […]
Author: Business Nexus
Africa loses $15 billion annually to climate change despite low emissions-AfDB
President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has said that Africa suffers an annual loss of between $7 billion and $15 billion due to climate change. He made this statement during an interview with the British Broadcasting Corporation (BBC). Despite contributing only 3% of global emissions, Africa […]
Money lenders commend FCCPC for tackling unethical practices in digital lending
The Money Lenders Association has lauded the Federal Competition and Consumer Protection Commission (FCCPC) for its ongoing efforts to regulate the digital lending sector in Nigeria, describing it as a positive development. The Chairman of the Association, Mr. Gbemi Adelekan, in an interview highlighted that the FCCPC’s actions have contributed […]
Poultry farmers attributes feed costs for steep egg price increase
The Poultry Association of Nigeria (PAN) has attributed the continuous rise in egg prices to low production and high feed costs. PAN Lagos State Chairman, Mr. Mojeed Iyiola, along with other industry stakeholders, discussed this issue in separate interviews in Lagos. According to them, the price of eggs has skyrocketed, […]
Airtel Africa and Network International collaborate to enhance payment processing
Airtel Africa, a telecom and mobile money services company, has partnered with Network International, a facilitator of digital commerce in the Middle East and Africa, to serve as its payment processor. This announcement was made in a statement by Mr. Ian Ferrao, the Group Chief Executive Officer of Airtel Money, […]
Tolaram to acquire Diageo’s 58.02% shareholding in Guinness Nigeria
Tolaram Africa will acquire Diageo’s 58.02% shareholding in Guinness Nigeria, and enter into long-term license and royalty agreements for the continued production of the Guinness brand and its locally manufactured Diageo ready-to-drink and mainstream spirits brands. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX) and […]
SEC approves Nigeria’s first naira-denominated private debt fund
The Securities and Exchange Commission (SEC) has approved the FCMB-TLG Private Debt Fund, Nigeria’s first Naira-denominated Private Debt Fund. The group in a statement said the FCMB-TLG Private Debt Fund targets Qualified Institutional Investors (QIIs) and high-net-worth individuals (HNIs). Established in May 2024 and sponsored and managed by FCMB […]
Caverton names Akin Kekere-Ekun and Bello Gwandu as chairmen of its subsidiaries ….Adedeji Adeola as group CFO
The Board of Caverton Marine Limited and Caverton Helicopters Limited, both subsidiaries of Caverton Offshore Support Group Plc, has announced the appointment of Mr. Akin Kekere-Ekun and Mallam Bello Gwandu as Chairmen of their respective companies. This information was disclosed in the group’s notice to the Nigerian Exchange Limited […]