Standard Chartered Bank and Access Bank Plc have entered into agreements for the sale of Standard Chartered’s shares in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private and Business Banking business in Tanzania, to Access Bank. The announcement was made at Standard Chartered’s Headquarters in London yesterday in the […]
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Driven by strong fundamentals, the stock price of Transnational Corporation Plc has gained 264.34per cent in its Year-till-Date growth on the trading floor of the Nigerian Exchange Limited (NGX). The conglomerate in charge of President and Group CEO, Dr. Owen Omogiafo saw its stock price closed yesterday at N4.23 per share from N1.13 per share […]
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Dangote Cement has concluded plans to expand its production capacity through the construction of a new 6Mt integrated cement plant in Itori, Ogun State. According to the Group Managing Director, of Dangote Cement, Mr. Arvind Pathak, the new plant on completion, will strengthen local production of Dangote Cement in Africa. Besides, Dangote Cement will soon […]
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The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja on Thursday, 13th July, 20123, imposed a fine of N120 million against Stanbic-IBTC Bank over the bank’s failure to complete a transfer request for a customer. In a split decision of two to one, the tribunal convicted the bank for contravening the provisions of Section […]
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President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index. Dangote, who remains the richest man in Africa for […]
Read More Access Corporation, the Holding Company of Access Bank Plc, has disclosed that it has invested N1 trillion into Access Pension, one of its subsidiary firms targeting to create significant growth for the group in the next five years. The Group Managing Director, Herbert Wigwe said that their target was to be among the top two […]
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As Nigeria grapples under a debt burden and cost of borrowing, the FMDQ Securities Exchange Limited says it is working towards the launch of Exchange Traded Derivative (ETD) products that will enable the government raise funds at a cheaper cost. Mr Oluwaseun Afolabi, the Head, Market Architecture, FMDQ Securities Exchange Limited, said this at the […]
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The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, has stressed the need for Nigeria to operate an efficient tax administration to tackle revenue challenges. Oniha said this at the 2022 Capital Market Correspondents Association of Nigeria (CAMCAN) workshop with the theme: “Nigeria’s Public Debt and the Capital Market over the weekend in […]
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The Dangote Group has been described as a significant premium player as over 300 corporate exhibitors are participating in the 17th Abuja International Trade Fair (AITF) that is expected to be declared open by President Muhammadu Buhari on Friday. Speaking to newsmen, the Director-General of the Abuja Chamber of Commerce and Industry (ACCI), Ms. Victoria […]
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Shareholders of the Nigerian Exchange Group Plc forced the management of the exchange drop its plans to raise a huge N35billion fresh capital, as the exchange said it would embark on a wider consultations to further engagement with stakeholders on the issue. At the company’s 61st annual general meeting held in its Lagos head office […]
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Heritage Bank Plc has announced the appointment of Akinola George-Taylor as its acting Managing Director. Following the receipt of the approval of the Board of Directors of Heritage Bank and the Central Bank of Nigeria, the Bank is poised for its next phase of transformation. The new Ag. Managing Director will be overseeing all Heritage’s […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2022, recording double-digit growth across key income lines as well as significant progress in the contribution from its subsidiaries. At the end of the first two quarters of the year, the Bank was […]
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