Pension fund assets grows to N20.22trn in May 2024, says PenCom The National Pension Commission (PenCom) has said total pension fund assets increased to N20.22 trillion in May 2024. This is an increase of 2.23 percent compared to the N19.78 trillion recorded in April 2024, according to PenCom’s data on the[Read More…]
SEC approves Access Holdings’ N351bn capital raising programme Access Holdings Plc has said the Securities and Exchange Commission (SEC) has approved the commencement of its N351 billion rights issue capital raising programme. Aigboje Aig-Imoukhuede, the chairman of Access Holdings Plc, on July 3, said the company will utilise the N351[Read More…]
Dangote refinery on track to meet July petrol production goal Vice-president of oil and gas at Dangote Industries Limited (DIL), Devakumar Edwin, has said that the Dangote refinery is on track to commence petrol production this month. Edwin disclosed this on Saturday when officials of S&P Global visited the facility as[Read More…]
Dangote: Nigeria’s economy can be transformed in a few months Aliko Dangote, chairman of the Dangote Industries Limited, on Thursday said Nigeria’s economy can be turned around in a few months. Dangogte stated this while addressing journalists in Abuja after the inauguration of the presidential economic coordination council (PECC). “What[Read More…]
Fidelity Bank Affirms Industry Leadership with Publication of Its ISSB-Compliant Sustainability Report In demonstration of its leadership in the Sustainability space, leading financial institution – Fidelity Bank Plc – has emerged the first bank to publish its 2023 ISSB-Compliant Sustainability and Climate Report in the Nigerian banking industry.[Read More…]
Tinubu launches N2trn economic stabilisation plan, calls partnership with private sector President Bola Tinubu has announced a N2 trillion economic stabilisation plan. Tinubu unveiled the plan, which aims to revitalise the economy over the next six months, during the inauguration of the presidential economic coordination council (PECC) on[Read More…]
Nigeria Wins Bid To Host $5bn African Energy Bank In a significant triumph, Nigeria has secured the right to host the African Energy Bank’s (AEB) $5 billion headquarters, outpacing rival bids. The decision followed a technical inspection team from the African Petroleum Producers Organisation (APPO) and Afrexim Bank, the[Read More…]
Dr. Tony Okpanachi, Managing Director and CEO of the Development Bank of Nigeria (DBN), and Mrs. Olapeju Ibekwe, CEO of Sterling One Foundation Development Bank of Nigeria Announced as Partner for the Africa Social Impact Summit 2024 Sterling One Foundation, co-conveners of the Africa Social Impact Summit[Read More…]
Union Bank Announces Employee Promotions, Celebrating Dedication, Excellence Union Bank of Nigeria has announced the promotion of 337 employees across various departments. This significant milestone underscores the bank’s commitment to recognising and rewarding the hard work, dedication and outstanding contributions of its employees. At a recent town hall[Read More…]
Increasing transaction volumes of non-bank financial firms threatens system stability, Cardoso Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that increasing transaction volumes of non-bank financial institutions threatens the stability of Africa’s financial system. Cardoso revealed this on Monday while addressing the College of Supervisors[Read More…]
