Access Holdings has released its interim consolidated and separate financial report for the half year ended June 30, 2024. The report showed that the bank grew its gross revenue by 133.5 per cent in six months to N2.2trn from N940bn during the comparable period of last year. […]
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Jaiz Bank Wins 2024 Global Most Promising Islamic Bank Award
By Prosper Ndubuisi Jaiz Bank, Nigeria’s non-interest bank, has emerged the global most promising Islamic bank in 2024. The Global Islamic Finance Awards (GIFA) yesterday announced Jaiz Bank the overall winner in this category over two other nominees of equal pedigrees, during the Global Islamic Finance Summit (GIFS) […]
Stanbic IBTC Bank splashes N28m on customers in 3.0 grand finale
Stanbic IBTC Bank has honoured 84 of its customers with N28m in the just concluded Reward4Savings Promo 3.0. This prestigious event took place at the iconic Stanbic IBTC Towers on Walter Carrington Crescent, Victoria Island, Lagos; marking the end of a nationwide initiative to promote a strong savings culture […]
Nigeria’s GDP to record improved growth by 2026 – Wale Edun
Mr Wale Edu, the Minister of Finance and Coordinating Minister of the Economy, has expressed optimism that Nigeria’s Gross Domestic Product (GDP) will record an improved performance by 2026. Edun said this at the Access Bank Annual Corporate Forum 2024 on Thursday in Lagos with the theme, ‘Nigeria’s Economic rebirth: […]
Bank of England Holds Interest Rates At 5%
By Prosper Ndubuisi The Bank of England (BoE) has opted to maintain interest rates at 5 per cent in its latest monetary policy review. The decision by the Monetary Policy Committee (MPC) was reached with a majority of 8-1, with one member advocating for a reduction to 4.75 per […]
Glovo Nigeria Pioneers a New Era of Choice and Convenience with Port Harcourt Launch …strengthening Its Position as Nigeria’s Largest Online Marketplace
Port Harcourt, Nigeria. 19 September 2024 – Glovo, Nigeria’s pioneering multi-category platform, is proud to announce its much-anticipated expansion into Port Harcourt, marking a key milestone in its mission to become the largest online marketplace in Nigeria. With its innovative services and commitment to operational excellence, Glovo is set to […]
NB Explains Reasons For N599bn Rights Issue
The Nigerian Breweries Plc has explained the reasons for its ongoing rights issue of N599 billion in the nation’s bourse. Mr Hans Essaadi, the Managing Director/Chief Executive Officer of Nigerian Breweries, said this at the company’s ‘Facts behind the offer’ at the Nigerian Exchange Limited in Lagos. Essaadi […]
Gates Foundation Urges Global Action as Climate Change Puts 40 Million More Children at Risk of Stunting
The Bill & Melinda Gates Foundation has urged world leaders to increase global health spending where it is needed most in order to boost children’s health and nutrition, especially in the face of the global climate crisis. The Foundation stated this in its eighth annual Goalkeepers report released today. The […]
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 […]