Business

A high-level delegation from Nigerian Exchange Group Plc (NGX Group), led by the Group Chairman, Alhaji (Dr.) Umaru Kwairanga, alongside top officials from the Securities and Exchange Commission (SEC), headed by the Director General, Dr. Emomotimi Agama, recently visited the Johannesburg Stock Exchange (JSE) for a strategic engagement. The visit, which aimed to expose the Nigerian delegation to JSE’s governance…

NOVA Bank has reaffirmed its commitment to the well-being and interests of high-net-worth individuals by sponsoring the 27th Nigeria Cup Golf Tournament. Hosted at the prestigious Ikoyi Golf Club 1938, the annual tournament for 2024 took place from, September 21st, to Saturday, September 28th, 2024. The Nigeria Cup Golf Tournament, organized by the Ikoyi Golf Community Nigeria Association (IGCNA), showcased…

After a two-year suspension, Emirates Airlines resumed operations in Nigeria, landing at the Murtala Muhammed International Airport (MMIA) in Lagos on Tuesday. Flight EK 783, a Boeing 777-300ER, touched down at 3:32 PM, marking the airline’s first landing in the country since halting services in 2021 due to unresolved issues, including approximately $85 million in trapped funds. The flight’s return…

…Relaunches W Initiative in Zambia, Botswana Access Bank Plc has reinforced its dedication to advancing women’s empowerment across Southern Africa with the relaunch of its ‘W’ Initiative in Zambia and Botswana. The ‘W’ Initiative, which provides a wide array of financial services and support programs specifically designed for women, is a key component of Access Bank’s broader strategy to drive…

Total Assets up by 37.2% to N28.3 trn Customer Deposits hits N23.2 trillion, climbs 34%, makes profit before tax of N401.6bn  United Bank for Africa (UBA) Plc has released its audited financial results for the half year ended June 30, 2024, showing impressive performance across some key financial indicators. The audited financials released to the Nigerian Exchange Limited (NGX) on…

Nigeria’s currency in circulation increased to N4.14 trillion in August 2024, about 2.25per cent increase from N4.05 trillion reported by the Central Bank of Nigeria (CBN) in July 2024. The breakdown showed that January 2024 began with the currency in circulation at N3.65 trillion. This stable figure indicated a moderate start to the year, aligning with typical post-holiday economic activities.…

In a demonstration of its commitment to community support, Access Holdings Plc (‘the Group’), leading African financial group, has announced a donation of over N1 billion to assist with relief and recovery efforts in Maiduguri, through its banking vertical – Access Bank Plc. The announcement was made during a visit of the Group’s delegates, led by Bolaji Agbede, Acting Group…

Stakeholders, including government officials, experts, and Civil Society Organizations (CSOs), have called for enhanced strategies to address climate change and air pollution while creating a more affordable and resilient energy system aimed at improving the economy and the quality of life. They made this call  at a two day conference of the Renewable Energy and Energy Efficiency Association (Alliance) REEEA-A …

The Chief Executive Officer, NGX Limited, Mr. Jude Chiemeka has revealed that the Exchange has successfully supported in capital raising N5.7 trillion across multiple asset classes in in nine months of 2024. He stated that the capital raising exercise is backed by the application of cutting-edge technology and robust market infrastructure. Speaking recently to capital market community at C &…

Access Bank Plc has successfully satisfied all legal and regulatory requirements to complete its acquisition of African Banking Corporation (Tanzania) Limited. With the acquisition now finalised, the entity in Tanzania will operate under the name Access Bank Tanzania Limited, further consolidating Access Bank’s presence in the East African region. This milestone also builds on Access Bank’s recent acquisition of the…