Access Holdings to launch Hydrogen payment system
Access Holdings Plc is set to become the largest payment settlement platform in Africa. At the Statutory Meeting of the shareholders of Access Holdings Plc, held on Tuesday in Lagos,…
CBN increases interest rate to 16.5% to tame inflation
The Central Bank of Nigeria has raised its benchmark lending rate to per cent in a sustained push to control inflation and ease pressure on the naira. Godwin Emefiele, governor…
DMO DG to x-ray Nigeria’s public debt at CAMCAN workshop
The Director-General of the Debt Management Office (DMO), Ms Patience Oniha, will lead other market regulators to discuss the prospects of Nigeria's public debt at the 2022 annual workshop of…
ISAN faults AMCON inability to put debt recovery issue to rest … Says levies from commercial banks’ cannot be continued
The shareholders advocacy group, Independent Shareholders Association (ISAN), has condemned Asset Management Corporation of Nigeria (AMCON) over its inability to put the debt recovery issue to rest. Speaking at the…
NGX Celebrates CIS on 30th Anniversary, Reopens Trading Floor
Nigerian Exchange Limited (NGX) hosted the Chartered Institute of Stockbrokers (CIS) to a Closing Gong ceremony to commemorate the Institute’s 30th anniversary alongside the reopening of the trading floor of…
Oando Clean Energy Limited to Speak at COP27 in Egypt
Oando Today, the 27th United Nations Climate Change Conference (COP27) themed ‘Delivering for People and the Planet' kicks off in Sharm El Sheik, Egypt. The event will host more than…
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…