(Editorial) The rise of the private sector and Bonds
Nigeria is ripe for increasing private investment in infrastructure which is always driven by Bond issuance. The trend in government investment in infrastructure has fallen short over several decades, something that has created, cumulatively, an enormous deficit as infrastructure fails…
Aig-Imoukhuede Retruns as Access Holdings Plc non-executive chairman
More shakeups continue to emerge as former chairman of Access Holdings Plc, late Herbert Wigwe goes to his final resting place. Latest is the appointment and return of Mr. Aigboje Aig-Imoukhuede as its non-executive chairman. Aig-Imoukhuede replaces Mr. Abubakar Jimoh,…
BoG suspends FX licences of GTBank, First Bank for fraud
The Central Bank of Ghana, popularly called Bank of Ghana (BoG) has suspended the foreign exchange licences of Guaranty Trust Bank (GT Bank) and FBN Bank for one month. The apex bank in Ghana announced the suspension of the two…
NGX Group Hits N5.2bn PAT, N1.5bn Dividend in Full-Year 2023 Financial Results
Lagos, 4 March 2024 – Nigerian Exchange Group Plc (NGX Group or the Company) is pleased to announce its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a…
MoneyMaster PSB mobile app gets exciting user ratings
Millions of users have expressed excitement with MoneyMaster PSB, the mobile banking app of MoneyMaster Payment Service Bank Limited (MMPSB), a payment service bank in Nigeria. Recently, MoneyMaster PSB developed a mobile banking app for the benefit of both its…
PalmPay Partners CAC to Register 219,000 Small Businesses
Per the Companies and Allied Matters Act (CAMA) 2020 provisions, leading fintech company PalmPay has partnered with the Corporate Affairs Commission (CAC) to register 219,000 small businesses to boost Nigeria’s economy. In a press briefing announcing the initiative recently in…
Otudeko, Aig-Imokhuede, NGX Group Honor Ogunbanjo’s Legacy
Prominent figures from the Nigerian business landscape have came together to pay tribute to the late Bamofin Abimbola Ogunbanjo during an Afternoon of Tributes and Closing Gong Ceremony, organized by the Nigerian Exchange Group in collaboration with Coronation Group. The…
Cardos’s 1st MPC Meeting Hikes CRR to 45.0%, others
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at its first meeting of the year, voted to: Raise the MPR by 400bps to 22.75% Increase the asymmetric corridor to +100bps/-700bps (Previously: +100bps/-300bps) Increase CRR to 45.0%…
Africa’s economic progress depends on its response to de-globalisation—Oramah
How Africa and the rest of the developing world manoeuvre the emerging challenges presented by the unprecedented de-globalisation of the world could potentially make or mar their economic progress in the years ahead, Prof. Benedict Oramah, President and Chairman of…
CBN Pegs Purchase of Dollars in Cash At $500
Due to the helplessness of Naira, the Central Bank of Nigeria (CBN) has pegged the payment of cash dollar purchase to a customer at $500 saying that the foreign currency (FX) exceeding this amount will be made through a transfer…