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 […]
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$1 trillion economy: SEC reiterates commitment to attract new listings
The new management of the Securities and Exchange Commission (SEC) has rolled out new initiatives to drive activities in Nigeria’s capital market to align with the Federal Government one trillion dollar economy target. The SEC Director-General, Dr Emomotimi Agama, said this at his first post-Capital Market Committee (CMC) press briefing […]
Nestle Nigeria repackages Golden Morn
Nestle Nigeria Plc, producers of Golden Morn and other beverages, has unveiled a new eco-friendly Golden Morn to enhanced economic growth and development. The Managing Director of Nestle, Wassim Elhusseini, said this at the “Rebirth of the King of Breakfast” event in Lagos. Elhusseini was represented at the […]
Eterna Plc appoints Okechukwu Ashiegbu as Chief Operating Officer …. Bunmi Agagu-Adu as executive directors
The Board of Eterna Plc has appointed Mr. Okechukwu Ashiegbu as Executive Director/Chief Operating Officer and Mrs. Bunmi Agagu-Adu as Executive Director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX). According to the statement, the appointments are subject to approval/ratification by the […]
How US presidential election may affect, global economy, Nigerian business landscape- Standard Chartered Bank
Steve Brice, Global Chief Investment Officer at Standard Chartered Bank’s Wealth Solutions unit has noted the likely impact the 2024 United States of America (US) presidential election will have on the global economy, including the Nigerian business landscape. In a press statement, Brice has in a report outlined the anticipated […]
VFD Group Plc announces key board appointments and resignation
The Board of VFD Group Plc has announced the appointment of Mr. Ibraheem Nahim Abe and Mr. Hubert Asamoah as Non-Executive Directors. Additionally, Mrs. Morenike Ominike has been appointed as the Executive Director of Operations. This announcement was made in a notice to the Nigerian Exchange Limited and the investing […]
Tier-1 banks report 2024: Access Holdings leads in PBSI ranking
In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from audited financial statements for the Financial Year 2023, underscores Access […]
BREAKING NEWS: NGX Group confirms Jude Chiemeka as CEO of its flagship subsidiary NGX Limited
Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Mr. Jude Chiemeka as the substantial Chief Executive Officer of Nigerian Exchange Limited, its operating exchange subsidiary. According the group’s notice to the Exchange obtained, the appointment was effective from July 1, 2024, following the Securities and Exchange Commission […]
Nigerian capital market primed to support bank recapitalization initiatives
The Nigerian capital market is strategically positioned to drive the ongoing bank recapitalization exercise, leveraging advanced technology to facilitate the capital-raising efforts mandated by the Central Bank of Nigeria’s new requirements. Nigerian Exchange Group Plc (NGX Group) and its subsidiaries are spearheading this initiative, working in close collaboration with the […]
Access Holdings launches N351 billion rights issue for capital enhancement
Access Holdings Plc has held a formal signing ceremony as part of the arrangements to raise a total of N351 billion by way of a rights issue to existing shareholders. The offer is part of the group’s strategy to enhance its working capital requirements, which includes organic growth funding for […]