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 […]
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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 […]
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 […]
Tightened US Immigration Policies Will Affect Nigerian Diaspora Remittances – CPPE
The Centre for the Promotion of Private Enterprise (CPPE) has highlighted the potential impact of tightened U.S. immigration policies under the Trump administration on Nigerian diaspora remittances, which serve as a crucial source of foreign exchange for Nigeria. Dr. Muda Yusuf, Director/CEO of CPPE, emphasized that stricter immigration […]