The second edition of the Nigerian Marketing Awards unfolded with glamour and excitement on Friday, November 10, 2023, at the prestigious Eko Hotels. The event brought together the crème de la crème of the marketing industry to celebrate outstanding achievements and innovations that have significantly impacted the Nigerian market. The …
Read More »One year after takeover of DisCos, darkness, liquidity crisis persist
Electricity • Stakeholders highlight cash flow, government policies as key challenges for DisCos under AMCON’s control • Kaduna, Benin, two others record highest decrease in energy off take in Q1/2023 • No profit in sight as operators exceed ATC&C loss target All is not well with electricity distribution companies …
Read More »Again, SEC moves to reduce N190b unclaimed dividends
SEC (Securities and Exchange Commission) . As total funds in CIS hits N2.1 trillion in 2023 . Shareholders fume as Union Bank plans to delist from exchange, indices rise by N146b The Securities and Exchange Commission (SEC) has unveiled plans to create a new e-dividend portal that would help …
Read More »Afreximbank Sign Pact With Innovative Biotech To Manufacture HIV, Typhoid, Other Vaccines In Nigeria
Afreximbank Innovative Biotech Limited, located in Keffi, Nasarawa State, Nigeria, and the African Export Import Bank have concluded plans to begin manufacturing of a range of vaccines in Nigeria. This followed a Project Preparation Facility Agreement signed by Mr Haytham El Maayergi, Executive Vice President, Global Trade Bank, Afreximbank, and …
Read More »N3.44tr raised through bonds, commercial papers in 2 years, says AIHN
Association of Issuing Houses of Nigeria(AIHN) Private companies and the government raised N3.44 trillion through Corporate Bonds and Commercial Paper issuance in two years, the Association of Issuing Houses of Nigeria (AIHN), announced yesterday. AIHN President, Ike Chioke, disclosed this at the group’s Annual General Meeting (AGM) and presentation of …
Read More »Stanbic IBTC Bank Showcases upgraded EOL 2.0 Transaction Solution
Stanbic IBTC Bank Limited, a subsidiary of Stanbic IBTC Holdings, hosted a webinar focused on facilitating seamless payment experience for business owners through the enhanced Enterprise Online (EOL) payment platform. The webinar themed “Simplifying Payments for Businesses”, unveiled EOL 2.0, an upgraded solution created to facilitate smooth payment experience and improve human …
Read More »Photo Release: Chief Executive Officer/Managing Director, Airtel Nigeria, Carl Cruz; at the end of their session at Nordic Nigeria Connect 2023
Airtel Partners Africa Startup Festival to Further Boost Entrepreneurship
Leading telecommunications service provider, Airtel Nigeria, has affirmed its continued support for startups as worthy vehicles to enhance various sectors of the economy. This commitment was disclosed during the Airtel sponsored Africa Startup Festival which took place at the Landmark Event Center, Victoria Island, Lagos on November 11, 2023. Speaking …
Read More »Union Bank To Pay Shareholders N7.7 Per Share As 106-Year-Old Institution Delists From Stock Market
Union Bank of Nigeria Plc has proposed a settlement amount of N7.7 per share for its shareholders as the lender is finalising plans to delist from the Nigerian Exchange Group Ltd. The bank which began operation in 1917 disclosed the offer on Tuesday in a regulatory filing obtained. Union Bank …
Read More »Stanbic IBTC Bank Introduces Specialised Mortgage Solution for salary earners
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, is pleased to announce its innovative Specialised Mortgage solution designed to address the challenge of accessing mortgage finance for salary earners. Leveraging the Pension Commission’s (PENCOM) policy update allows pension contributors to access part of their retirement savings as equity contributions …
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