CBN raises MPR rate to 13.5% as Infaltion hits 16.82%
The Central Bank has raised the Monetary Policy Rate (MPR) to 13.5 per cent from the current 12 percent. This is the first time the apex Bank will announce a change in the interest rate since September 2020. The Governor…
CV VC unveils African Blockchain Early-Stage Fund
CV VC has announced the launch of its African Blockchain Early-Stage Fund and published the inaugural African Blockchain Report. While it is a fact that African nations are amongst the fastest crypto adopters globally, the African Blockchain Report moves past…
First Guarantee Pension currently on Access Holdings Acquisition Radar
Leading conglomerate, Access Holdings Plc- trading as Access Corporation has announced that it has entered into a definitive agreement with First Guarantee Pension Limited regarding the potential acquisition of majority equity stake in the Company. The Transaction is a consequential…
MTN, Airtel begin PSB operations in Nigeria
In line with the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria (CBN) to two major telcos in Nigeria, MTN and Airtel, both flagged off operations yesterday, Thursday, May 19, 2022. The…
NGX All-Share Index posts strong rebound, gains 1.05%
Domestic equities bounced back Thursday, 19 May 2022, from losses earlier in the week, as the benchmark All-Share Index surged 1.05% to close at 53,275.49 points, the highest level since 16 July 2008. On market movers, sustained investor interest in…
Afreximbank, APPO call for Continental Energy Bank
Two key players in the continental oil and gas industry, the African Petroleum Producers’ Organisation (APPO), and African Export-Import Bank (Afreximbank) have called for the establishment of an African Energy Transition Bank. The call is contained in a joint communiqué…
NGX All-Share Index sheds 7bps
Yesterday, Wednesday, 18 May 2022, the Nigerian equities extended losses from the previous session as the All-Share Index slipped by 0.07% , its third consecutive decline, to close at 52,721.34 points, a one-week low. On market movers, the weak performance…
FCTA inaugurates Oak Homes, woos private sector investors
The Federal Capital Territory Administration (FCTA) has expressed readiness to woo private sector entities to address the housing deficit confronting the nation’s capital. The FCT Minister of State, Dr Ramatu Aliyu, gave this indication at the inauguration of the Oak…
Zenith Bank deepens Diaspora Banking
Leading indigenous banking giant, Zenith Bank Plc, has introduced what it called Zenith Diaspora Banking designed to encourage Nigerians in Diaspora to bank from any part of the world. With the saying ‘Bank in Nigeria from abroad’, Zenith is brazing…
NGX All-Share Index snaps three-day winning streak, falls 0.29%
Nigerian equities snapped a three-day winning streak Monday as the NGX All-Share Index lost 0.29%, the most in a single day since 7 April, to close at 52,944.65 points. On market movers, profit-taking in WAPCO (-8.28%), MTNN (-0.61%), and INTBREW…
