The National Pension Commission (PenCom) has announced the release of an additional N22 billion by the Office of the Accountant General of the Federation (OAGF) as part of the 2024 Appropriation for the period July to September. These funds, according a statement by the Commission, have been[Read More…]
The Nigerian Communications Commission (NCC) on Monday approved tariff adjustment, setting a 50% ceiling on tariff increases for telecom operators. Mr Reuben Muoka, Director of Public Affairs, NCC, announced the tariff increase approval to newsmen, as requested by the telecom operators. Muoka said: “Pursuant to its power under Section[Read More…]
The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53[Read More…]
Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation (CrediCorp) to offer affordable and flexible loans to customers. These loans can be used to finance a variety of needs, including paying school fees, rent, maintenance costs, medical bills, car purchase & repairs, asset purchase, and more. [Read More…]
Ooni of Ife, Naomi Silekunola, former wife of the Ooni of Ife, and two others, being prosecuted for murder and manslaughter, have been admitted to N10 million bail each. An Oyo State High Court in Ibadan granted the bail to Naomi Silekunola, Oriyomi Hamzat, a broadcaster and CEO, Agidigbo[Read More…]
The Nigerian Electricity Regulatory Commission (NERC) has transferred full regulatory oversight function to four states in the country. The commission, which made this known via its official X handle on Tuesday, listed the four states as Enugu, Ekiti, Ondo, and Imo. It said the states were now fully responsible[Read More…]
An Ikeja Special Offences Court on Wednesday dismissed the application filed by the embattled ex-Governor of Central Bank, Godwin Emefiele, challenging the jurisdiction of the court to hear his case. The Economic and Financial Crimes Commission (EFCC) had filed a 26-count charge against Emefiele, for alleged misuse of office,[Read More…]
…cements capital raise with full regulatory approval Sterling Financial Holdings Company PLC has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional ₦75 billion in its capital raise. This approval represents the final leg of the capital injection that[Read More…]
• Strengthens Banking Subsidiary’s Capital Position Beyond Regulatory Requirements Access Holdings Plc, has announced the successful conclusion of its Rights Issue, securing full regulatory approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The Rights Issue involved the issuance of 17,772,612,811 Ordinary[Read More…]
President Bola Tinubu has reaffirmed his administration’s commitment to implementing tax reforms in Nigeria, stating that the reforms are irreversible. This declaration underscores the government’s determination to push through with the proposed changes, despite opposition from various quarters. President Tinubu in his maiden media chat held Monday in Lagos[Read More…]
