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JenneteUgo Anya
- October 14, 2024
Nigerian Breweries Extends Rights Issue Deadline Following SEC Approval
Nigerian Breweries Plc has announced the extension of its ongoing Rights Issue acceptance period, now set to close on October 18, 2024, instead of the original deadline of October 11. The extension, approved by the Securities and Exchange Commission (SEC), was made to accommodate public holidays that interrupted normal working days during the initial subscription […]
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- October 10, 2024
Bank CEOs Decry Social Media Blackmail Targeted At Banks
The Chartered Institute of Bankers of Nigeria (CIBN) and the Body of Bank Chief Executive Officers (CEOs) have jointly expressed concern over the increasing social media campaigns that are targeting Nigerian banks with false claims and accusations. In a recent statement released in Lagos, the banking institutions emphasised the vital role that the banks play […]
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- October 10, 2024
Presco Plc Announces Resignation Of Three Directors
Presco Plc has announced the resignation of three Non-Executive Directors, which include Dr. Bassey Edem, Mr. Osa Osunde, and Prince Aiguobasimwin Akenzua. This development was disclosed in a recent statement signed by the company’s Secretary, Alayo Ogunbiyi, which highlighted the directors’ contributions to the company’s growth during their respective tenures. The directors, who joined Presco’s […]
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- October 9, 2024
SEC To Tighten Oversight On Fintech
The Securities and Exchange Commission (SEC) is ramping up its regulatory efforts in the fintech sector to curb financial mismanagement and align operators with capital market standards. The move, aimed at protecting investors’ funds, was announced by Director-General of SEC, Mr. Emomotimi Agama, during his keynote speech at the recent Nigeria Fintech Week. Mr. Agama […]
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- October 8, 2024
Fidelity Bank’s Half-Year Results Reflect Strategic Drive
In today’s unpredictable economic climate, financial institutions are facing unprecedented challenges – from inflationary pressures to fluctuating interest rates and a volatile currency environment. Yet, despite these headwinds, some banks are not only surviving but thriving. A prime example of this resilience is Fidelity Bank, one of Nigeria’s tier-two financial institutions, which recently announced its […]
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- October 3, 2024
FG Reaffirms Commitment To MSMEs Growth with Expanded Tax Incentives
The federal government has reaffirmed its dedication to supporting the growth and sustainability of micro, small, and medium enterprises (MSMEs) through various tax incentives aimed at easing financial pressures on these businesses. This announcement was made by Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), during the inaugural MSME Finance Awards […]
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- October 3, 2024
Stanbic IBTC Elects Kunle Adedeji As Acting CEO
Stanbic IBTC Holdings Plc has announced the appointment of Dr. Kunle Adedeji as acting Chief Executive Officer (CEO), following the retirement of Dr. Demola Sogunle, who will step down from his role on October 31, 2024. The announcement was made in a statement released recently, signed by Mr. Chidi Okezie, the company’s secretary. The Board […]
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- October 3, 2024
PenCom Sanctions Merger Of ARM, Access Pensions
The National Pension Commission (PenCom) has granted approval for the merger between ARM Pension Managers (PFA) Limited and Access Pensions Limited. This merger has resulted in the creation of a new entity named Access ARM Pensions Limited. In a statement released recently, PenCom emphasised that the merger is expected to enhance operational efficiency and deliver […]
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- October 3, 2024
Julius Berger Assigns Dr. Lubasch As New Managing Director
Julius Berger Nigeria Plc has appointed Dr. Peer Lubasch as its new Managing Director (MD). The decision follows the upcoming expiration of the contract of the outgoing MD, Engr. Dr. Lars Richter. This announcement was made in a statement signed by the company’s Secretary, Mrs. Cecilia Madueke, after a recent Board of Directors’ meeting. Mrs. […]
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- October 2, 2024
Guinness Nigeria Assigns Girish Sharma As MD/CEO As Tolaram Finalises Acquisition
Guinness Nigeria Plc has appointed Mr. Girish Sharma as its new Managing Director (MD)/Chief Executive Officer (CEO) following the completion of a share sale agreement with Tolaram. This marking a significant leadership transition for the company. The appointment comes as Atalantaf Limited (Diageo), the previous majority shareholder, finalises the sale of its shares in Guinness […]
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