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JenneteUgo Anya
- September 9, 2024
AXA Mansard Assigns Surakat As CMO
AXA Mansard Insurance Plc has announced the appointment of Adebola Surakat as its new Chief Marketing Officer (CMO). Surakat’s appointment is expected to play a crucial role in driving the company’s goal of simplifying insurance and increasing its adoption in Nigeria. With over 19 years of experience at AXA Mansard, Surakat brings extensive expertise and […]
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- September 6, 2024
Stanbic IBTC Records N84.2bn Pre-tax Profit In Q2 2024
SoStanbic IBTC Plc has reported an extraordinary second-quarter performance, with pre-tax profits soaring by 80.4 percent to an unprecedented N84.2 billion for the three months ending in June 2024. This achievement marks the highest quarterly pre-tax profit ever recorded in the company’s history. The strong quarterly performance has driven Stanbic IBTC’s half-year pre-tax profit to […]
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- September 6, 2024
Nigerian Breweries Eyes 80% Stake In Distell Wines, Spirits Nigeria Limited
Nigerian Breweries Plc has initiated a decisive move to address its financial struggles by exploring the acquisition of an 80 percent stake in Distell Wines & Spirits Nigeria Limited. This strategic acquisition is part of a broader effort to stabilise its financial position following a recently approved N600 billion rights issue by the Nigerian Exchange […]
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- September 4, 2024
Citibank Nigeria Assigns Nneka Enwereji As New MD/CEO
Citibank Nigeria Limited has announced the appointment of Nneka Enwereji as its new Managing Director (MD)\ Chief Executive Officer (CEO). The appointment, effected since August 19, 2024, follows the approval from the Central Bank of Nigeria. Enwereji succeeds Ireti Samuel-Ogbu, who retired after a distinguished 36-year career with Citi. The announcement was made public in […]
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- September 4, 2024
Cutix PLC Reports Pre-Tax Profit Surge Of 330% In July 2024
Cutix PLC, a leading manufacturer of electric cables in Nigeria, has reported a pre-tax profit of N454.6 million in July, representing an astonishing 330 percent increase from the N105.8 million recorded in the corresponding period of 2023. This exceptional performance was driven by a significant rise in revenue, which surged by 63 percent year-over-year, reaching […]
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- September 2, 2024
How Banks Regulatory Scrutiny Boosts Investors’ Confidence
The formation of a tripartite committee by the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the Nigeria Deposit Insurance Corporation (NDIC) to scrutinise the new capital being raised by banks marks a significant development in Nigeria’s banking sector. This action is not just a regulatory necessity but also a critical […]
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- September 2, 2024
FGN Savings Bonds Open For September With Interest Rates Up To 18.20%
The Debt Management Office (DMO) of Nigeria has announced the opening of subscriptions for the Federal Government of Nigeria (FGN) savings bonds for September 2024. The subscription period began today, September 2nd, and will last for five days, ending on September 6th. The bonds offer attractive interest rates, with the two-year savings bonds available at […]
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- September 2, 2024
Oando’s Record Stock Surge Signals New Era Of Growth, Investor Confidence
The recent surge in Oando Plc’s stock price, which reached an all-time high of N76.90 per share, has drawn considerable attention in the oil and gas sector. This achievement is not just a numerical milestone; it is the culmination of strategic moves that have transformed the company’s market position and financial health. As investors continue […]
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- September 2, 2024
African Banks Invest N575.62bn To Boost MSMEs, Retail Sectors
Several leading banks in Africa are set to invest N575.62 billion to support micro, small and medium sized enterprises (MSMEs) across the continent. This move is part of their effort to meet new capital requirements set by the Central Bank of Nigeria (CBN). Access Holdings, Fidelity Bank, Guaranty Trust Holding (GTCO), FCMB Group, and Zenith […]
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