Business Hilights

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Banking/Investments

Investing in innovation as important as investing in people—Wigwe

A trending tweet by the CEO of Access Holding Plc., Herbert Wigwe has averred that “Investing in innovations is just as important as investing in people,” adding that “That’s why”. @FintechFoundry According to him, “its an important part of the…

Tribute to Founder of FCMB, Chief MS Balogun, by Gov. Obaseki

I celebrate the extremely accomplished life of the private and public sector colossus, Chief Michael Olasubomi Balogun, the Founder of First City Monument Bank (FCMB) and icon of the African banking and finance industry. Chief Balogun was a dexterous banker,…

Access Holdco CEO, Wigwe Begins Law Degree, says age, others not barrier

In a terse tweet today, Friday, May 19, 2023, the CEO of Access Holding Plc, Mr. Herbert Wigwe has advised African youths to always pursue their life ambition no matter the time of actualizing it. He said “To the African…

Just in: As Ghana secures ‘thorny’ IMF’s $3bn Extended Credit Facility…

On 17 May, the IMF announced that its Executive Board approved the long-awaited USD3.00 billion 3-year Extended Credit Facility (ECF) for Ghana. Leading finance market analyst group, Cordros Capital says “We note that the approval comes after the Ghanaian government…

CBN likely to retain rates during next week’s MPC meeting

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is expected to hold its third meeting of the year on the 23rd and 24th of May next week. As in the past meetings this year, the Committee…

Just in: Access Bank opens for business in Paris

A terse tweet from the CEO of Access Holding Plc., Mr. Herbert Wigwe today, Monday, May 15, 2023, has sent yet another strong expansion signal to the Nigerian banking community as he announces “Exciting News: Access Bank is now open…

Otedola’s ‘brushing’ forces Elemelus to mop up Transcorp shares

Few days after Femi Otedola and his fellow billionaires, Tony Elumelu ended their roof-rofo fight over Transcorp shares, the wife of Tony Elumelu, Awele Elumelu, has become the third-largest stakeholder in Transnational Corporation plc as she mops up more shares….

Fidelity Bank Chief, Onyeali-Ikpe Bags Champion Newspapers Award

The Managing Director/Chief Executive Officer of  Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has received the award of the Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022. Held at the Eko Hotel and Suites on…

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…