NGX Eyes Increased Savings Bonds Subscriptions, to Organise Webinar
Pursuant to its mandate to promote investor participation in Nigeria’s capital market, enhance secondary market, Nigerian Exchange Limited (NGX) in collaboration with Afrinvest is set to host market stakeholders to a virtual workshop on FGN Savings Bond. The virtual event…
Otedola opens up to Transcorp Shareholders on recent ‘brushing’ of Elumelu
“In 2005, while Tony was the Managing Director of Standard Trust Bank he approached me to get funds to acquire UBA. I enthusiastically gave him $ 20 million, which was N2 billion at that time to buy the necessary shares…
NGX CEO, Popoola honoured with CIS Fellowship
The Chartered Institute of Stockbrokers (CIS) has inducted the Chief Executive Officer of Nigerian Exchange Limited (NGX) as a Fellow of the Institute on Monday, 8 May 2023. Delivering his welcome address at the event, the President and Chairman of…
NCC committed to digital job creation in Nigeria—EVC
Pursuant to one of the pillars of the National Digital Economic Policy and Strategy (NDEPS 2020-2030), which is to further accelerate economic growth in digital literacy and skills, the Nigerian Communications Commission (NCC) is fully committed to the effective and…
A combination of partnerships needed to lift Lagos—Sanwo-Olu tells WEF
The re-elected Governor Lagos State, Mr. Babajide Sanwo-Olu, has averred that lifting Lagos into industrial hub and centre for socio-economic excellence requires a combination of partnerships. The State Chief Executive spoke on Friday, May 5, 2023, at Alausa, Ikeja, during…
Herbert Wigwe Foundation lifts Rivers, transforms 25 PHCs in 23 LGAs
The CEO of Access Holdings Plc, traded as Access Corporation, Mr. Herbert Onyewumbu Wigwe (CON), has taken to his Tweeter handle on Sunday, May 7, 2023, to share the good news of his foundation (Herbert Onyewumbu Wigwe Foundation), in changing…
Fidelity Bank begins Africa-wide acquisition after success in U’Bank of London
Nigeria’s retail banking giant and best-performing bank share lead this year, Fidelity Bank Plc, plans to expand in at least five African countries after finalizing the acquisition of the London unit of rival Union Bank of Nigeria Plc. The 35-year-old…
Ajay Banga becomes World Bank CEO effective June 2
The World Bank has announced the appointment of Ajay Banga as its next president. A statement by the bank said he was selected by executive directors of the bank for a five-year term beginning 2 June. Mr Banga brings with…
NGX’s cost saving measures pushed our net profit by 109%, says Onyema
Just as the Nigerian Exchange Group Plc (NGX Group) has announced its unaudited results for the period ended 31 March 2023, the Group Managing Director/Chief Executive Officer, Mr. Oscar Onyema has averred “that a 109% increase in net profit, achieved…
Expert contests Stanbic IBTC Bank’s report on Private Sector Rebound in April
Whereas a new study commissioned by the Stanbic IBTC Bank of Nigeria says that the private sector rebounded after March cash crunch, Dr Mike Adeola has disagreed with the report, saying “The Stanbic IBTC Report on recovery of the private…
