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 […]
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Trending News
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 […]
AMCE Unveils Construction Milestones as June 2025 Launch Approaches
The African Medical Centre of Excellence (AMCE), a groundbreaking tertiary medical institution spearheaded by African Export-Import Bank (Afreximbank) in partnership with King’s College Hospital, London, hosted a high-level stakeholder and media tour to showcase major construction milestones and reaffirm its commitment to revolutionising healthcare in Africa by building a world-class […]
Air Peace Promotes Senior First Officer To Captain on Boeing 777 Fleet
Air Peace, Nigeria’s foremost airline and West Africa’s largest carrier, proudly announces the elevation of Senior First Officer Chibuzo Mbanefo to the rank of Captain on its Boeing 777 fleet. Captain Mbanefo has consistently demonstrated exceptional skill, leadership, and commitment to upholding Air Peace’s high operational standards. After undergoing rigorous […]
Manufacturers Warn 15% Port Tariff Increase Will Fuel Inflation, Smuggling
The Manufacturers Association of Nigeria (MAN) has strongly opposed the proposed 15 per cent increase in port-related charges, warning that the decision will drive up production costs, fuel inflation, and encourage smuggling. The association stressed that the hike is ill-timed, given the economic challenges businesses are currently facing. MAN’s […]
Sales From Sugar Accounts For 48% Of BUA Foods Revenue As Food Inflation Soars
The Sugar division contributed 48 per cent to BUA Foods’s revenue in full year 2024 according to the company’s earnings release. Nigeria’s food inflation rate hit 39.84 per cent in December 2024, a 5.91 per cent increase from the 39.93 per cent recorded in December 2023, […]
Airtel Africa’s Data Penetration Climbs 13.8% To 71.4m as Customer Base Expands
Airtel Africa has reported a significant increase in its data and mobile money customer base in its nine months ended December 31, 2024. The company’s total customer base grew by 7.9 per cent to reach 163.1m, with data customer penetration rising by 13.8 per cent, bringing the number of […]