Business

…Company, subsidiaries win big at FIRS, FMDQ awards  It was a season of award at the weekend for the Dangote Group and its subsidiaries following their recognition as best Nigeria’s best compliant tax payer business organization and FMDQ Gold award winner for being the most active corporate organization in the foreign exchange market. Temilade Aduroja – Group Head Investor Relations,…

Former Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Bashir Gwandu, has called on African nations to unite in securing the 600MHz mobile spectrum to enhance connectivity across rural regions. Speaking at the Sub-Saharan Spectrum Management Conference 2024 in Nairobi, Kenya, Gwandu urged African representatives to the upcoming World Radiocommunications Conference 2027 (WRC-27) to present a cohesive front…

In a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed Heritage Bank (In-Liquidation), the Nigeria Deposit Insurance Corporation (NDIC) said it commenced process for the auction of landed properties and chattels of the failed bank. The Central Bank of Nigeria (CBN) officially revoked the banking license of Heritage Bank Limited (HBL) on Friday, May…

The World Trade Organization (WTO) has confirmed that Nigerian economist Ngozi Okonjo-Iweala will run unopposed for a second term as its Director-General. In a statement released on Saturday, the WTO announced that Okonjo-Iweala had expressed her willingness to serve a second four-year term on September 16. The organization further stated that she is the only candidate for the position. The…

…Becomes first W’African Bank in Asian country The Access Bank UK Limited on Friday announced the official opening of its Hong Kong branch (a restricted licence bank). This expansion represents a key milestone in the bank’s global growth strategy and underscores our commitment to serving clients in the Asia-Pacific region. The launch of the Hong Kong branch establishes The Access…

The Governor, Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso on Thursday reiterated its commitment to stabilising the economy as the apex bank highlighted the success of the ongoing reforms. Cardoso, at a symposium titled: “Promoting stability in an era of economic reforms: The journey so far”, yesterday in Abuja, reviewed the apex bank’s progress and outlined the achievements of…

The MTN Foundation marked its 20th anniversary with a stakeholder conference in Abuja, showcasing two decades of substantial contributions to communities across Nigeria. The event provided a platform to reflect on the Foundation’s achievements, unveil a new logo, vision, and mission statement, and launch its Y’ello Impact Report, underscoring its commitment to sustainable development. The conference gathered prominent figures from…

NNPC Ltd. has highlighted the economic and environmental benefits of adopting compressed natural gas (CNG) as a cleaner, more affordable fuel alternative. The company is encouraging stakeholders to take advantage of government policies on clean energy by investing in the entire CNG value chain. This message was delivered by the Chief Corporate Communications Officer of NNPC Ltd., Mr. Olufemi Soneye,…

Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama has charged Stockbrokers’s and other capital market stakeholders to harness the full potential of our capital market to achieve a prosperous and sustainable future. Agama gave the charge at the 28th annual conference of the Chartered Institute of Stockbrokers (CIS), themed:  “Capital Market as a Catalyst for the…

Nigerian National Petroleum Corporation (NNPC) Ltd. was actively participating in the 2024 African Energy Week (#AEW2024) in Cape Town, South Africa, joining energy leaders from across the continent for meaningful discussions and exhibitions. The event opened with high-profile sessions attended by top government officials from several African nations, setting a collaborative tone for Africa’s energy future. At the company’s exhibition…