Demutualisation: NSE Announces Chief Executives for Emerging Entities
The National Council of The Nigerian Stock Exchange (NSE) has announced the following Chief Executives will head its operating and non-operating companies upon the completion of its ongoing demutualisation: Entity Designation Name Nigerian Exchange Group Plc Group Chief Executive Officer…
ABCON seeks seamless diaspora remittances collection channels
The Association of Bureaux De Change Operators of Nigeria (ABCON) has called for seamless channels that would allow beneficiaries of diaspora remittances easy access to their funds. In a statement in Abuja, ABCON’s President, Aminu Gwadabe, said such move would…
Nigeria’s international debt jumps to $31.98bn
The Debt Management Office (DMO) says Nigeria took loans worth $31.98 billion from World Bank Group, International Monetary Fund (IMF), African Development Bank (AfDB) Group and others as of September 2020. This is contained in the September 30, 2020, debt…
New PIB may weaken oil industry’s growth if –LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has expressed fear that some provisions of the new Petroleum Industry Bill (PIB) could adversely affect growth of the industry and economy. Emphasising its support for government’s efforts at driving industry reform…
TEF to drive 3000 entrepreneurs in 2021, targets 50% female participation
In a bid to provide access to capital to entrepreneurs, the Tony Elumelu Foundation (TEF) has said its intervention is targeting about 3000 Small and Medium-sized Enterprises (SMEs) with a special focus on female entrepreneurs. This is even as the…
Fidelity Bank gets first female GMD, Onyeali-Ikpe after Okonkwo’s exit
The new Managing Director/CEO of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021 has assumed office, becoming the 4th Chief Executive and first female to occupy the position since the inception of the bank…
Naira exchange rate depreciation, others frustrated MSMEs in 2020—LCCI
Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Dr Muda Yusuf, has opened up on issues that negatively shaped business activities in the Nigerian informal sector of the economy across the ending year 2020. Unveiling the Chamber’s Economic…
Heritage Bank aids Palm oil entrepreneur with N10m in The Next Titan Season-7
Nigeria’s Most Innovative Banking Service provider, Heritage Bank Plc, in its continued bid to support Micro, Small and Medium Enterprises (MSMEs), has again empowered the winner of The Next Titan Season-7 with whooping sum of N10million. An entrepreneur, Joshua Joseph…
BUA jumps capacity, plans $1.05bn cement plants in Sokoto, Edo, Adamawa
Consolidating indigenous cement producer and merchant, BUA Cement, has sealed fresh construction deal with Sinoma CBMI of China for the construction of three new cement plants of three million tonnes each per annum in Edo, Sokoto and Adamawa states of…
Uzodimma signs 2021 Budget of N346.2b into Law
Governor Hope Uzodimma of Imo State has signed the 2021 budget of N346.2 billion tagged “Budget of Wealth Creation” into law. The ceremony which took place at the Executive Chambers on Tuesday at the Government House Owerri was witnessed by…
