The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama has emphasized that the deployment of blockchain technology will improve efficiency and aid the regulation of the capital market. Agama stated this during a session with a delegation from Algorand Foundation, at the Commission’s headquarters in Abuja. […]
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Lagos State Govt., LCFE Unveil Investment Opportunities In Energy Sector
The Lagos State Government, in collaboration with Lagos Commodities and Futures Exchange (LCFE), has unveiled vast investment opportunities in electricity in the State at the weekend. Following the enactment of Lagos State Electricity Law 2024, which empowers the state government to generate its electricity , key stakeholders, highlighted potentials for […]
Oando Publishes N4.1 Trillion Revenue and N65.5 billion Profit-After-Tax in FY 2024 Results
Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 with a 45% growth in revenue to N4.1 Trillion compared to N2.9 Trillion in FY 2023 results. The […]
Airtel Africa’s Data Penetration Climbs 13.8% To 71.4m as Customer Base Expands
Airtel Africa has reported a significant increase in its data and mobile money customer base in its nine months ended December 31, 2024. The company’s total customer base grew by 7.9 per cent to reach 163.1m, with data customer penetration rising by 13.8 per cent, bringing the number of […]
Over N2.4bn Disbursed For 2023 FG Projects, Yet No Contractor On Site-BudgIT
Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track and give feedback on public projects in their communities, has uncovered payments worth N2.4bn to seventeen contractors for fifteen projects across nine states, yet no contractor has commenced work on these sites. According to the organisation’s […]
Access Bank To Host Pioneering Africa Trade Conference In Cape Town
Access Bank Plc is set to host its first-ever Africa Trade Conference (ATC), a landmark event focused on advancing Africa’s economic transformation under the theme, ‘Empowering Africa Through Trade, Innovation, and Sustainable Growth’. Scheduled for March 12, 2025, in Cape Town, South Africa. The conference is […]
Global Lenders Pledge $8 Billion to Africa’s $90 Billion Power Expansion Plan
Efforts to provide electricity to 300 million Africans received a significant boost as the Islamic Development Bank (IsDB), the Asian Infrastructure Investment Bank (AIIB), and other financial institutions pledged over $8bn in new funding for the Mission 300 initiative. The program, launched in April by the World Bank and […]
CAP Records 57% Growth In PBT
Chemical and Allied Products Plc (CAP) Plc has released its unaudited Consolidated Financial Statements for the full year ended December 31st, 2024, to the Nigerian Exchange Group (NGX). The company’s balance sheet remained resilient with total assets growing by 27 per cent to N19.58bn in in 2024 […]
Trump’s Policies Shifts: What They Mean For Nigeria, Africa’s Future-Analysts
Donald Trump’s recent speech and executive orders have sparked discussions about their potential implications for Nigeria and Africa. Analysts at Data Services and Resources Limited have highlighted key areas of impact, ranging from trade policies to energy, immigration, and global influence. The analysts noted that the U.S. administration’s protectionist […]
Mid-Level Investors Boost Liquidity in Nigerian Capital Market – Amolegbe
Managing Director and Chief Executive Officer of Arthur Stevens Asset Management Limited, Olatunde Amolegbe has highlighted the growing presence of mid-level investors in the Nigerian capital market, emphasizing their critical role in boosting market liquidity. Speaking at the Capital Market Correspondents Association of Nigeria (CAMCAN) 2024 Market Review and […]