Ardova Plc, a leading indigenous integrated energy company in Nigeria, has set a new benchmark in the lubricants market with the unveiling of its state-of-the-art lubricant oil blending plant (LOBP). With a production capacity of 150 million litres per annum and a storage capacity of 14 million litres, the new […]
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Nigerian Bags Peace Award, Advocates Bold Fiscal Reforms
A Nigerian, Peter Nwachukwu, has bagged Peace Achievers Award in financial management and an honorary doctorate in leadership and financial Management from the American Management University. Nwachukwu, also President, Madonna University Alumni Association, made this known via a statement on Tuesday in Lagos. He called for bold fiscal reforms aimed […]
Gas Will Drive Development With Minimal Emissions, Says Seplat Energy
Seplat Energy Plc has said that the gas resources in Nigeria and other African countries can drive significant developmental gains with minimal impacts on emission. According to the leading energy company, gas is the immediate solution to many immediate problems in Africa; thus, there is a compelling development case […]
Ashafa, Durojaiye, others to receive PAFIR awards
Ashafa, Durojaiye, others to receive PAFIR awards Distinguished two-term Senator of the Federal Republic of Nigeria and former Managing Director/CEO of the Federal Housing Authority, Senator Gbenga Ashafa, alongside notable figures from the Finance, ICT, and Real Estate sectors, will be celebrated at the inaugural edition of the Pinnacle Awards […]
MTN Nigeria Raises N75.18bn VIA Commercial Paper Issuance
MTN Nigeria Communications PLC (MTN Nigeria) has raised N75.18bn through its Series 11 and 12 Commercial Paper (CP) issuance, significantly exceeding its initial target of N50bn. This was contained in the company’s notice to the Nigerian Exchange Limited seen by Business Nexus. The issuance, conducted under the company’s […]
MBAN Lauds FG On N250bn Mortgage Fund
The National Executive Council (NEC) of the Mortgage Banking Association of Nigeria (MBAN), has commended the Federal Government of Nigeria, the Minister of Finance and Coordinating Minister for the Economy, Olawale Edun and the Minister of Housing and Urban Development, Ahmed Dangiwa for the approval of a N250 billion Mortgage […]
FBN Holdings Shareholders Approve N14bn Dividend …Endorses Oyedeji As New GMD
The shareholders of FBN Holdings have unanimously approved a total of N14.4bn as dividend for the financial year ended Dec. 31, 2023. They gave the approval at the company’s 12th Annual General Meeting which was conducted virtually on Thursday. The approved dividend translated to 40k per share. […]
Bola Onadele, FMDQ pioneer MD to retire in 2025
The pioneer Chief Executive Officer of FMDQ Group Plc, Mr Bola Onadele, is set to retire from the group in 2025 after 11 years of exceptional achievements and outstanding strides. This is contained in a statement issued by FMDQ Group on Tuesday in Lagos. The statement said that effective Dec. […]
SEC to strengthen venture capitalist, private equity regulations for efficiency
The Securities and Exchange Commission (SEC) has stressed the need for a resilient economy anchored by ability to turn domestic savings into investments to stimulate economic growth. The Securities and Exchange Commission (SEC) says it will bloster regulatory framework for venture capital and private equity firms by enhancing their operational […]
Access Bank UK Expands Footprint With New Hong Kong Branch …Becomes First W’African Bank In Asian Country
The Access Bank UK Limited has announced the official opening of its Hong Kong branch (a restricted licence bank) today. This expansion represents a key milestone in the bank’s global growth strategy and underscores our commitment to serving clients in the Asia-Pacific region. The launch of the Hong Kong […]