Oluwakemi Abimbola
ICSAN VP wins global award
The Vice President and Council Member of the Institute of Chartered Secretaries and Administrators of Nigeria, Mrs Uto Ukpanah, has won the award of ‘The Global Corporate Secretary’ of the year ...
2nd May 2024
Pension fund records first dip in 18 months
Nigeria’s pension fund has declined for the first decline in 18 months on the back of portfolio rebalancing by Pension Fund Administrators. Monthly data from the National Pension Commission showed t...
2nd May 2024
Cairo bootcamp will boost tech entrepreneurs’ capacity – Open Startup
A non-governmental organisation, Open Startup, has completed its first pan-African Deeptech Bootcamp under the BRAIN 3.0 initiative. Open Startup, which fosters innovation and capacity building throug...
2nd May 2024
‘Govt should sustain student loan scheme’
The Federal government has been urged to sustain the student loan scheme to boost the country’s educational level and improve its Human Capital Development Index. The call was made by the Bishop of ...
2nd May 2024
Guinness optimistic despite N81bn FX loss
Guinness Nigeria Plc has improved its operating profit by 27 per cent to N2.21bn in the first quarter of 2024 despite N81bn foreign exchange loss. This was revealed in the unaudited financial results ...
2nd May 2024
Ecobank grows profit to $407m
Ecobank Transnational Incorporated grew its profit after tax by 11 per cent year-on-year to $407m in 2023 from $367m in the previous year. This was indicated in its financial results filed with the Ni...
2nd May 2024
FCMB’s digital revenue hits N60bn
FCMB Group Plc has revealed that its digital revenue improved by 62.4 per cent in 2023 to N60.3bn from N37.1bn in the previous year. The lender disclosed in its 2023 audited financial, which was filed...
2nd May 2024
Agama assumes office as SEC DG
The newly-appointed Director General of the Securities and Exchange Commission, Dr Emomotimi Agama, assumed office at the commission’s Head office in Abuja on Tuesday. President Bola Tinubu announce...
2nd May 2024
Banking stocks dominate trading as investors gain N196bn
Banking stocks were the toast of investors on Tuesday as the Nigerian equity market reversed the previous loss. The top five traded stocks on the local bourse at the close of trading were Guaranty Tru...
1st May 2024
Sterling Bank CEO advocates purpose-driven leadership
Chief Executive Officer of Sterling Bank Limited, Abubakar Suleiman, has called for a purpose-driven leadership society to deliver a transformative impact. According to a statement from the bank, Sule...
1st May 2024
Lafarge Africa gets new chairman
Co-founder of Aluko & Oyebode, one of the largest integrated law firms in Nigeria, Gbenga Oyebode, has been appointed as the chairman of the Board of Directors of Lafarge Africa. Oyebode succeeded...
30th April 2024
Ecobank grows profit by 11% to $407m
Ecobank Transnational Incorporated has seen its profit after tax grew by 11 percent year-on-year to $407m in 2023 from $367m in the previous year. This was indicated in its financial results filed wit...
30th April 2024
New SEC DG pledges effective regulation of capital market
The newly-appointed Director-General of the Securities and Exchange Commission, Dr. Emomotimi Agama, resumed at the commission’s head office in Abuja on Tuesday. President Bola Tinubu announced Agam...
30th April 2024
Lagos, Abuja, Rivers lead states in N18bn bank fraud loss
The Nigeria Inter-Bank Settlement System has revealed that Lagos, Rivers States and the Federal Capital Territory led the financial fraud count in 2023. This was disclosed in its Annual Fraud Landscap...
30th April 2024
Fintech can lift millions out of poverty, experts declare
Some experts have said that leveraging financial technology to promote financial inclusion could lift millions of Nigerians out of poverty. This was asserted at the maiden Nigeria Fintech & Financ...
30th April 2024
Enugu awards contract for Hotel Presidential renovation
The Enugu State Government has awarded the contract for the renovation of Hotel Presidential, a premier hotel in the heart of the state’s capital. A statement from the state government on Monday rev...
30th April 2024
Dangote Sugar, CAP drag equity market to N154bn loss
Investors lost N154bn on Monday on the back of the decline suffered by Dangote Sugar, Secure Electronic Technology, CAP and 17 other stocks. Bearish trading followed the prevailing sentiments in the m...
30th April 2024
LFZ will boost economic growth – NESG
The Nigeria Economic Summit Group and Commonwealth Enterprise and Investment Council have stated that the Lagos Free Zone has the potential to contribute significantly to Nigeria’s Gross Domestic Pr...
30th April 2024
WIMBIZ advises firms on diversity
The Chairman of the Board of Trustees of Women In Management, Business and Public Service, WIMBIZ, Ms Bisi Adeyemi, has challenged corporate organisations in the country to action, urging them to boos...
30th April 2024
Oando staff charity reached 37,550 in four years
An independent charity powered by Oando employees, The Aggregator Programme for the Alleviation of Hunger, has revealed that it has impacted 37,550 people in 33 communities in Lagos since it was estab...
30th April 2024
$4tn needed annually to achieve SDGs, says Adesina
African Development Bank Group President, Dr Akinwumi Adesina, has disclosed that about N4tn is needed annually to achieve the Sustainable Development Goals by 2030. He stated this at the Islamic Deve...
30th April 2024
Banks lose N18bn to fraudsters in 2023 -NIBSS
The Nigeria Inter-Bank Settlement System has said that financial institutions lost about N17.67bn to fraud in 2023. This was disclosed in its Annual Fraud Landscape (January to December 2023) whic...
29th April 2024
Stockbrokers demand improved PFAs participation in equity market
The Chartered Institute of Stockbrokers has demanded that Pension Fund Administrators increase their participation in the equities market. According to a statement from the institute, the call was mad...
29th April 2024
Stakeholders seek more private finance for Africa at summit
The African Private Capital Association has called for increased funding to support what they refer to as Africa’s new era of growth. This was the consensus at the 20th Annual Conference & VC Su...
29th April 2024
Ajene appointed new Standard Chartered Bank Nigeria CEO
Standard Chartered Bank has announced the appointment of Dalu Ajene is the Chief Executive Officer of the bank’s operations in Nigeria. Ajene takes over from Lamin Manjang, the Vice Chairman Africa ...
29th April 2024
CWG unveils new growth plans
CWG has unveiled its growth strategy for 2024 as it spotlighted its performance in the 2023 financial year. CWG was one of the companies whose stocks offered investors on the Nigerian Exchange Limited...
29th April 2024
BDC operators plan harmonised retail FX market
The Association of Bureaux De Change Operators of Nigeria has revealed plans for a unified retail end of the foreign currency market. A statement from the association on Friday disclosed that the move...
27th April 2024
International Breweries plans debt reduction to boost profitability
International Breweries has stated that it would be able to return to profitability on the back of its rights issue as well as the shareholder loan approved at its recently held extraordinary general ...
26th April 2024
IMF urges Nigeria, others to improve education investment
The International Monetary Fund has called on Nigerian and other sub-Saharan African countries to increase investment in their young citizens’ education to boost economic growth. In a piece on its w...
26th April 2024
Equity market reverses downtrend as investors gain N26bn
After days of sustained bearish trading, the Nigerian exchange recorded a 0.05 per cent increase in the All-Share Index as investors gained N26bn. The local bourse has been on a bearish run for days, ...
26th April 2024
Stanbic IBTC seeks improved investment in energy
Stanbic IBTC Holdings has canvassed for improved investment in energy and infrastructure in the country to boost economic activities. The Chief Executive Officer of the group, Dr Demola Sogunle, state...
26th April 2024