Unity Bank Plc posted gross earnings of N59.3bn for the full year ended December 31, 2023, representing a growth of 3.84 per cent year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of […]
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Allen Onyema Conferred With Honorary Doctorate By FUOYE
The Federal University Oye-Ekiti (FUOYE) at its 9th Convocation Ceremony conferred Doctor of Business Administration (Honoris Causa) on the Chairman and Founder of Air Peace, Dr. Allen Ifechukwu Onyema. According to a statement from the Head, Corporate Communications, Air Peace Limited, Dr. Ejike Ndiulo, the distinguished honour […]
We Have Reduced Timelines to Speed up Growth – SEC DG
The Securities and Exchange Commission (SEC) has said the Commission has reduced time to market in its bid to ensure that the capital market is now more efficient and better positioned to aid the development of the Nigerian economy. The Director General of the SEC, Dr. Emomotimi Agama, who stated […]
Ecobank, Coding Firm Partner to Boost Students Digital Training
Ecobank Nigeria, a subsidiary of Ecobank Group, has teamed up with Code 14 Labs to expand the accessibility and reach of coding education for children across Nigeria. The partnership leverages Code 14 Labs’ interactive coding workbooks, including the “Andrew Teaches” coding workbook, along with its network of […]
CBN’s Decision To Hold Rates Is Risky Amid External Shocks, Excessive Public Spending – Adonri
The Managing Director of Highcap Securities Limited, Mr. David Adonri, has expressed concerns over the decision of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to maintain all monetary rates, including the Monetary Policy Rate (MPR) at 27.5%. Adonri described the move as risky, citing potential external shocks […]
CBN Retains Benchmark Lending Rate At 27.50%
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 […]
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 […]