Ambode Bans VIO From Lagos
Governor Ambode Lagos State Governor, Mr. Akinwunmi Ambode has suspended with immediate effect Vehicle Inspection Officers, VIO, from road operation in the state. Ambode ordered the officers to stay...
View ArticleCBN pumps $81.2m for BTA, PTA, Tuition fees, SMEs segments
Following last Friday’s injection of $389 million into the retail segment of the forex market, the Central Bank of Nigeria (CBN) on Monday, May 8, 2017, intervened with the sum of $81.2 million in the...
View ArticleEcobank Shines At Asian Banker’s Awards
Matt Doley, Founder, Connected Thinking; Ms. Emelia Atta-Fynn, MD/CEO, Pan-African Savings & Loans Ghana (member, Ecobank Group); Nihinlola Rotimi, Group Head, Microfinance & Financial...
View ArticleCBN Restates Commitment to Economic Diversification
Godwin Emefiele, CBN Gov. The Governor, Central Bank Nigeria, Mr. Godwin Emefiele, has restated the commitment of the Bank towards leveraging agriculture as a pivot for the diversification...
View ArticleHeritage Bank, Triton Aqua N2bn facility to boost job creation
The N2 billion long-term facility Heritage Bank Plc and Central Bank of Nigeria gave to Triton Aqua Africa Limited (TAAL), under the Commercial Agriculture Credit Scheme (CACS), has continued to...
View ArticleNASCON new products to boost revenue, profitability
Executive Director Commercial of NASCON Allied Industries Plc, Fatima Aliko Dangote has expressed delight at the expected significant increase in both turnover and profitability of the company, as a...
View ArticleNigeria seeks $5.2 billion from World Bank for electricity
Nigeria is seeking $5.2bn from the World Bank to expand electricity generation and help the economy recover from its first contraction in 25 years. The bank’s private-sector lending arm, the...
View ArticleDutch Development Bank, Access Bank kick start female leadership programme
The programme will bring together female leaders in finance from across the world Under the Access Bank flagship women empowerment programme, the ‘W’ Initiative, women entrepreneurs are set to begin an...
View ArticleRegencyNem, MD pick up awards
Debbie Lartey (middle), Senior Executive, RegencyNem Insurance receives the award The recently-merged insurance company, RegencyNem Insurance, has been awarded with ‘Best Corporate Finance Deal of the...
View ArticleGhana: NPLs reduce Access Bank’s 2016 profits
Dolapo Ogundimu, MD,Access Bank, Ghana Access Bank Ghana, a subsidiary of Access Bank Plc in Nigeria, made a profit of 41.93 million cedis in 2016. This was down by about 48 percent compared to the...
View ArticleFOREX: CBN approves $100m for sale at SMIS
The Central Bank of Nigeria (CBN) has approved the sale of $100 million at the Wholesale Secondary Market Intervention Sales (SMIS) auction announced on Monday, May 8, 2017. The CBN Acting Director,...
View ArticleE-Dividend: Over 2.2million Investors have Mandated Their Accounts -Says SEC
L-R: General Manager Operations, CSCS, Mr Joe Mekiluwa, Director General, Securities & Exchange Commission, SEC, Nigeria, Mounir Gwarzo at the SEC 1st quarter 2017 CMC Meeting in Lagos on wednesday...
View ArticleFitch: Nigerian Banks post good results but risks persist
Nigerian Banks posted good financial results for 2016, despite turbulent operating conditions, but Fitch Ratings believes that significant financial risks persist beyond reported figures. The rating...
View ArticleSmile Telecoms appoints Ahmad Farroukh to its board to lead operations
Smile Telecoms Holdings Ltd (“Smile”) (www.SmileComs.com), a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, is delighted to...
View ArticlePremium Pension Name Yunusa Yakubu As New Chairman, Appoints Bade Adesina As...
Yunusa Yakubu Nigeria’s top Pension Fund Administrator( PFAs) Premium Pension Limited on Thursday announced the appointment of Architect Yunusa Yakubu as the new Chairman of the company’s Board of...
View ArticleMoody’s: Nigeria’s dollar liquidity shortage likely to continue as oil...
Nigeria’s (B1 stable) dollar liquidity constraints are likely to persist for the foreseeable future, despite the recent improvements in foreign exchange earnings and availability, Moody’s Investors...
View ArticleMoody’s maintains stable outlook on Nigerian banking system as dollar...
Moody’s Investors Service is maintaining its stable outlook on the Nigerian banking system, reflecting the rating agency’s view that acute foreign-currency shortages will gradually ease, though loan...
View ArticleConsolidated Hallmark Offers Investors N120million Dividend
L-R: Company Secretary Consolidated Hallmark Insurance Plc, Mrs Rukevwe Falana, Chairman of company, Mr. Obinna Ekezie and MD/CEO Of the Company Eddie Efekoha at the event. Poised to remain...
View ArticleAllianz’s Delphine Traoré Maïdou named as ‘CEO of the Year’ in Africa
Delphine Maidou (left) with Russel Lohore, founder and president of the Africa Economy Builders Awards The Africa Economy Builders Awards announced Delphine Traoré Maïdou as ‘CEO of the Year’...
View ArticleAllianz Report €122billion Revenue In 2016, Post €10.8billion Profits
Thusang Mahlangu, CEO AGCS Allianz Global Corporate & Specialty, a leading global insurance company said it achieve a revenue growth of €122billion euros in 2016. Thusang Mahlangu Chief...
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