Zenith, GTBank, export-credit agencies in talks to bankroll NLNG Train 7
High level facility vote discussion is ongoing between the Nigeria LNG Limited, the operator of Africa’s largest natural gas plant with select banking giants for N10bn loan to finance Train 7 project of the group. Lead in the financial institutions…
How Customs confuse, lie to Nigerians on rice smuggling statistics at borders
Fresh official complacency and reckless abuse of statistics on rice smuggling by top officials of Nigerian Customs Service (NCS) at the Seme Border since the August 21st border closure made by the Controller, Federal Operations Unit (FOU) Zone ‘A’, Compt….
I completely abandoned maritime sector in my first term—Amaechi confesses
More facts have emerged on why activities in the Nigerian maritime industry were grounded during the first term of President Muhammadu Buhari under the ministership of the former and current Minister of Transportation, Hon. Rotimi Amaechi. This is coming on…
Zenith Bank’s $500m notes repurchase would be exchanged for cash
Zenith Bank has said that its tender offer to holders of its $500m notes due 2022 would not be only for repurchase, but subject to offer and distribution restrictions. In a statement made available to Business Hilights in Lagos, the…
Why disbursing N600bn without reviewing Discos’ terms of 2013 concession?
Industry analysts who reviewed the decision of the Central Bank of Nigeria (CBN) in setting fresh hurdle for electricity distribution companies (Discos) wishing to access the N600billion power sector intervention fund have expressed worry. In their minds, they queried why…
CBN killing economic diversification with N305/dollar exchange rate—LCCI
The leadership of the most active trading ring, the Lagos Chamber of Commerce and Industry (LCCI) has raised a strong objection to the continued regime of official exchange rate of N305 to one United States dollar powered by the Central…
NSE to unveil X-Mobile App to deepen investors’ participation today
The Nigerian Stock Exchange (NSE) is set to launch X-Mobile, a dynamic and user-friendly mobile app, to enhance investors’ participation in the Nigerian capital market. The Mobile App which is currently in its Beta state will be launched at the…
Asian markets lessons can help Nigeria in Insurance sector reform— Czartoryski
The Head of Coronation Research, a strategic division of Coronation Merchant Bank, Guy Czartoryski has averred that whereas all eyes are on 2020 over recapitalization, mergers and acquisitions, time has come for players to consider the lessons learned in Asian…
H1-19: How Access Bank jumped in gross earnings, profitability
…Holds teleconference call today Sept 9 on critical issues The audited H1-19 results of Access Bank recently released at the Nigerian Stock Exchange (NSE) has shown impressive half year outing as the bank recorded strong growth in both gross earnings…
‘Appealing Access Bank’s digital products to push customer base to 65m by 2022’
The Head, Business Development and Planning at Access Bank Plc, Mr Chinedu Onuoha has given insights on how the financial inclusion appetite coming with several digital products of the bank will gross customer base to over 65m by 2022. Explaining…
