Strategic Capital Investment Limited takes over Polaris Bank
By Kayode Ogunwale The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have announced completion of sale of shares in Polaris Bank to Strategic…
Nigeria’s Inflation Hits 20.77 Percent, Highest Since 2005
Nigeria’s inflation rate has surged for the eight consecutive month, hitting a fresh 17-year-high amid rising food and energy costs, and the continued depreciation of the naira. According to data…
Fidelity Bank redeems $400m Eurobond Notes
Nneka-Onyeali-Ikpe-Fidelity-Bank-MD Fidelity Bank Plc has announced the redemption of the $400,000, Eurobond Notes due October 17, 2022. On October 17, 2017, the bank successfully issued a US$400 million 5-year Eurobond.…
Kogi Communities Jubilate as Dangote Cement Obajana Plant reopens
By Kayode Ogunwale There were huge scenes of jubilation among affected host communities following the Federal Government’s order for the immediate reopening of the Dangote Cement Plc plant at…
Dangote rewards customers in Rivers State with N21m, other prizes
L-R: Mrs Uju Olayinla of Nafecto Integrated Services Ltd, Dangote Cement Distributor; Mr Temple Monday Winner of Five Million Naira Cash Prize in the Dangote Cement Spell and Win Promo…
Omor Kingdom Commends the Governor of Anambra State, Prof. Chukwuma Charles Soludo
The Executive Governor of Anambra State, Prof. Chukwuma Charles Soludo has received accolades from the people of Omor Kingdom in Ayamelum Local Government Area of Anambra State, for recently awarding…
NACCIMA urges truce on Obajana Dangote Cement seal matter
By Kayode Ogunwale The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) regrets the recent development by the Kogi State Government which has resulted in the…
NGX to list Geregu Power on Main Board
By Kayode Ogunwale Nigerian Exchange Limited (NGX) has announced the listing by introduction of Geregu Power Plc (GEREGU) on the Main Board of The Exchange on Wednesday, 5 October…
Access Bank to acquire a 51% majority shareholding in Finibanco Angola S.A.
By Kayode Ogunwale Access Holdings Plc trading as Access Corporation has announced that its wholly owned subsidiary, Access Bank Plc has entered into a binding agreement with Montepio Holding…
FMDQ Exchange Supports Infrastructure Development with the Registration of Julius Berger Nigeria PLC Commercial Paper Programme
By Kayode Ogunwale FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), the largest securities exchange in Nigeria by market turnover, through its Board Listings and Markets Committee, has…