LCFE, Heritage Bank, others unlock N445trn commodities ecosystem
Lagos Commodities and Future Exchange (LCFE), Heritage Bank Plc, Capital Market players and other stakeholders have unlocked the $1trillion (N445trn) commodities ecosystem as avenue to diversify the economy from a crude oil dependent economy to other critical economic sectors. This…
Stanbic IBTC Gets Highest GCR Rating AAA (NG) With Stable Outlook
The foremost credit rating agency, Global Credit Ratings (GCR) upgraded the national scale long-term issuer rating assigned to Stanbic IBTC Bank PLC to AAA(NG) from AA+(NG) and affirmed the national scale short-term issuer rating at A1+(NG), with a Stable Outlook….
Bayelsa Govt. seeks Heritage Bank support on youth devt in sport
The Bayelsa State Government has indicated interest in partnering Heritage Bank Plc on youth empowerment and sport development. The Deputy Governor, Senator Lawrence Ewhrudjakpo disclosed the interest of the State Government during a courtesy call with the Commissioner for Youths…
Commercial Banks Killing eNaira—CBN
The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has expressed his displeasure over the near flop of the country’s digital currency, the e-Naira. Emefiele said the banks abandoned the use of the e-Naira because it does not…
CBN concluding tests on MTN Channel using the code *997##
The Central Bank of Nigeria (CBN) has revealed that it is about concluding tests with MTN Nigeria to provide a channel where the unbanked can on board using the code *997##. This is as it criticised commercial banks over its…
UK inflation hitting 9.4% shows Bank of England shows incompetence
The Bank of England is failing the UK with its woeful inflation management, fuelling a painful cost of living crisis, and overseeing a British pound with sinking credibility. This is the warning from Nigel Green, CEO and founder of deVere…
CBN raises interest rate to 13%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) Tuesday again raised the Monetary Policy Rate from 13 per cent to 14 per cent. This came barely two months after the MPC, during its bi-monthly meeting in…
Dangote Industries issues Nigeria’s Largest Corporate Bond
Dangote Industries Limited (“DIL” or the “Group”), one of the leading, diversified and fully integrated conglomerate in Nigeria and Africa, is pleased to announce the successful completion of its ₦187.6bn Series 1 Bond Issuance (the “Transaction”), which is the largest…
Heritage Bank deepens sustainable banking, fetes 500 underprivileged children
In keeping with its sustainability drive in the corporate social responsibility space, Heritage Bank Plc has reiterated its commitment to improving the welfare and economic development of communities by feeding over 500 underprivileged children. The support is in collaboration with…
NGX All-Share Index extends gains, up 0.20%
Nigerian equities opened the week on a positive note, extending gains from the previous session as the All-Share Index closed 0.20% stronger to close at 52,319.94 points, the highest point since 16 June. The market’s performance was primarily driven by…
