Airtel Africa Names Dinesh Balsingh As CEO Of Airtel Nigeria
Airtel Africa has appointed Mr. Dinesh Balsingh as the new Managing Director (MD) and Chief Executive Officer (CEO) of Airtel Nigeria. The appointment, effective November 1, 2024, also makes Mr. Balsingh a member of the Airtel Africa Group’s Executive Council. He succeeds Mr. Carl Cruz, who stepped down in October 2024 after a 17-month tenure […]
Read MoreBanks, Companies Raise Over ₦2.7trn From Capital Market-SEC
The Securities and Exchange Commission (SEC) has revealed that over ₦2.7 trillion has been raised in Nigeria’s capital market by banks and other companies. This amount, which includes equity capital, excludes funds raised by fund managers. Notably, banks accounted for approximately ₦1.7 trillion of the total through recapitalisation exercises. Dr. Emomotimi Agama, the SEC Director-General, […]
Read MoreFCMB Partners With EStars To Introduce Esports Education
First City Monument Bank (FCMB) has joined partnered with EStars to introduce esports education to Nigerian schools, targeting students aged 7 to 14 in primary and secondary institutions. The initiative is designed to equip young Nigerians with critical skills for navigating a digital and technology-driven world. EStars launched its educational esports platform in Nigeria on […]
Read MoreOPay Adopts Nigeria’s AfriGO Card To Boost Digital Payments
Financial technology firm OPay has adopted Nigeria’s domestic card, AfriGO, as part of its efforts to enhance digital payment services across the country. The AfriGO card, developed under Nigeria’s National Domestic Card Scheme, is powered by Afrigopay Financial Services Limited (AFSL), a subsidiary of the Nigeria Inter-Bank Settlement System (NIBSS). Speaking on the initiative, OPay’s […]
Read MoreNGX Trading Volume Drops To 77% As Inflation Concerns Weigh On Investor Sentiment
The Nigerian Exchange (NGX) Limited experienced a sharp drop in trading volume last week, with transactions falling by 77 percent as investors reassessed their portfolios amid prevailing macroeconomic uncertainties. Recent data from the exchange showed that trading volume dropped significantly, with investors transacting 1.482 billion shares worth ₦38.875 billion in 44,795 deals. This marked a […]
Read MoreDomestic Investors Dominate NGX As Transactions Hit ₦3.73tn YTD
Domestic transactions on the Nigerian Exchange (NGX) reached a remarkable ₦3.73 trillion year-to-date (YTD) in October 2024, accounting for 83.35 percent of the total market activity. This highlights the dominance of local investors in driving Nigeria’s capital market. Total market transactions in October stood at ₦502.73 billion, marking a slight 1.97 percent increase from September’s […]
Read MoreZenith Bank Illuminates Ajose Adeogun Street For The 18th Year
Zenith Bank has once again heralded the festive season with its 18th annual Light-up ceremony, transforming Ajose Adeogun Street and Roundabout in Victoria Island, Lagos, into a dazzling yuletide wonderland. The event, held on Saturday, November 23, 2024, was officiated by the Group Managing Director/Chief Executive of Zenith Bank Plc, Dr. Adaora Umeoji. This iconic […]
Read MoreHaldane McCall Plc Lists On NGX, Offering 3.12bn Shares
Haldane McCall Plc has officially listed on the Main Board of the Nigerian Exchange Limited (NGX), offering 3.12 billion ordinary shares of 50 kobo each at N3.84 per share. According to announcement on the officail website of the NGX, the listing, with a market capitalisation exceeding N11.99 billion, marks a significant step for the […]
Read MoreNIPR President Joins Africa Regional Council
Dr. Ike Neliaku, President of the Nigerian Institute of Public Relations (NIPR), has been appionted to the Africa Regional Council of the Global Alliance for Public Relations and Communication Management. This appointment is a testament to the NIPR’s outstanding initiatives in shaping public relations practice in Nigeria and beyond. According to Prof. Justin Green, […]
Read More