Fidelity Bank eyes oversubscription to N127.1 billion combined offers Against the background of groundswell of supports and enthusiasm for the bank’s ongoing offers, Fidelity Bank Plc has started preparations to allow the bank absorb oversubscriptions. With investors rallying behind the bank’s N127.1 billion combined rights and public[Read More…]
Nigeria to commence preferential trade under Africa continental free trade area guided trade initiative All is now set for the launch of Preferential Trade under the AfCFTA Guided Trade Initiative (GTI) by President Bola Ahmed in line with the vision of Africa’s founding fathers to unite the continent[Read More…]
Senate rejects bill seeking to review forex market regulations The Senate on Thursday rejected a bill seeking to review foreign exchange market regulations in the country. The piece of legislation sponsored by the Chairman, Senate Committee on Finance, Senator Sani Musa, (APC Niger East), also seeks to make[Read More…]
Court grants former Minister, Mamman N10bn bail over alleged N33bn fraud The federal high court in Abuja has granted Saleh Mamman, a former minister of power, N10 billion bail. The presiding judge, James Omotosho, ruled on Friday that the sureties must have landed property within the jurisdiction of the[Read More…]
Sterling One Foundation, United Nations Nigeria Announce Africa Social Impact Summit (ASIS 3.0) 2024 The official press conference for the Africa Social Impact Summit (ASIS 3.0) 2024, hosted by the Sterling One Foundation and the United Nations Nigeria, was held on Tuesday, July 9th, at the Lagos[Read More…]
Supreme Court grants LG financial autonomy The Supreme Court declared on Thursday that it is unconstitutional for state governors to hold funds allocated for local government administrations. The seven-man panel, in the judgment delivered by Justice Emmanuel Agim, declared that the 774 local government councils in the country[Read More…]
BREAKING: FG announces suspension of taxes on importation of food commodities The federal government has announced that certain essential food commodities imported via land and sea borders will no longer incur charges, levies, or taxes. This declaration was made by the Minister of Agriculture and Food Security, Abubakar Kyari,[Read More…]
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…]
