The Africa Finance Corporation (AFC) is intensifying efforts to mobilize domestic capital for investment across the continent, with a focus on pension funds and institutional investors. The development finance institution aims to generate between $15bn and $20bn from African pension funds to bridge the region’s infrastructure funding […]
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Listing Of InfraCredit Raises NASD’s Market Value To N1.95trn
NASD OTC Exchange Plc an over-the-counter (OTC) exchange in Nigeria, has listed 15,255,079,725 of Infrastructure Credit Guarantee Company (InfraCredit) at N2.43 each, valued at N37bn, which increased the Exchange’s total market value to N1.95trn. The listing provides strategic partnership between NASD and InfraCredit, highlights the Exchange’s commitment to […]
Lagos Approves FirstBank’s 40-Storey Headquarters At Eko Atlantic City
The Lagos State Government has officially granted approval to FirstBank Group for the construction of its state-of-the-art, eco-friendly headquarters in Eko Atlantic City. Governor Babajide Sanwo-Olu presented the certificate of approval during a groundbreaking ceremony held on Wednesday, marking the commencement of what will be Nigeria’s tallest building. […]
FG Canvasses For More Women Participation in Capital Market ……As SEC launches Podcast
As the world marks International Women’s Day, Nigerian women have been encouraged to explore investment opportunities in the capital market as a pathway to wealth creation. The Minister of State for Finance, Dr. Doris Uzoka-Anite, made this call during the official launch of the Securities and Exchange Commission […]
Stanbic IBTC Blames 2024 Accounts Delay On CBN Approval
Stanbic IBTC Holdings Plc has announced a delay in the release of its 2024 full-year audited financial statements, attributing the postponement to ongoing regulatory approval processes with the Central Bank of Nigeria (CBN). In an official notice addressed to the Nigerian Exchange Limited (NGX) and stakeholders, the […]
LCCI Cautions On NPA’s 15% Tariff Hike, Urges Phased Implementation
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns over the Nigerian Ports Authority’s (NPA) recent 15 pr cent increase in port tariffs, warning of the potential economic impact on businesses and inflation. The Chamber has urged the NPA to consider a phased implementation of […]
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 […]
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 […]