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Jennete Ugo Anya
- February 17, 2025
Senate Requests N10bn To Fund Literacy In The Capital Market
The Senate Committee on the Capital Market has urged Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, to approve a special allocation of N10 billion to support literacy and development initiatives in the capital market. The request was made during a recent interactive session with the Honourable Minister and the […]
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- February 17, 2025
Raenest Raises $11m In Series A led By QED Investors
Raenest, a Nigerian fintech startup focused on enabling seamless payments for remote workers, has successfully raised $11 million in Series A funding led by QED Investors. This round brings the company’s total funding to $14.3 million, with participation from pan-African VC firms such as Norrsken22, Ventures Platform, P1 Ventures, and Seedstars. Raenest plans to use […]
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- February 17, 2025
FG Takes Over Keystone Bank After Plea Bargain Agreement
In a significant legal development, the federal government has officially taken over Keystone Bank Limited following a ruling by the Lagos State Special Offences Court in Ikeja. On Tuesday, February 12, 2025, Justice Ramon Oshodi ordered the forfeiture of 6.3 billion units of the bank’s ordinary shares, previously held by Sigma Golf Nigeria Limited, to […]
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- February 17, 2025
Dangote Peugeot Begins Assembly Of Peugeot 3008 GT Model
Dangote Peugeot Automobiles Nigeria Limited (DPAN) has officially commenced the assembly of the Peugeot 3008 GT model at its Kaduna plant. This move marks a significant step in the automaker’s efforts to reclaim its leadership position in the Nigerian automotive market. Alongside the assembly of the 3008 GT, DPAN is also preparing to introduce the […]
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- February 17, 2025
Emirates, Air Peace Sign Pact To Link 13 Nigerian Cities
In a significant move to strengthen air connectivity between Nigeria and the United Arab Emirates (UAE), Emirates Airlines and Air Peace have signed an interline agreement. This partnership is part of the broader Bilateral Air Services Agreement (BASA) between the two nations and aims to enhance travel options for passengers between Nigeria and the UAE. […]
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- February 17, 2025
Fidelity Bank Plans To Raise Funds Via Private Placement
Fidelity Bank has announced plans to raise additional funds through private placements in order to meet the new capital threshold set by the Central Bank of Nigeria for banks operating within the country. The bank’s recent extraordinary general meeting approved the resolution to issue up to 20 billion ordinary shares of 50 kobo each, which […]
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- February 17, 2025
CAC Unveils Administrative Proceedings For Business Disputes
The Corporate Affairs Commission (CAC) has introduced an Administrative Proceedings Committee (APC) to handle business disputes, enforce compliance, and impose penalties for violations of the Companies and Allied Matters Act (CAMA) 2020. This initiative provides business owners, clubs, associations, and non-governmental organisations (NGOs) with a structured mechanism to resolve grievances without resorting to lengthy litigation. […]
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- February 13, 2025
FBN Holdings Plc Rebrands As First HoldCo Plc
In a significant move aimed at redefining its identity and reinforcing its leadership position in the financial services sector, FBN Holdings Plc has announced a rebrand to First HoldCo Plc, adopting the new name across all its subsidiaries. The rebranding, which was approved by shareholders at the company’s 12th Annual General Meeting in November 2024, […]
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- February 13, 2025
Nigeria’s Dangote Refinery Set to Operate At Full Capacity In 30 Days
Africa’s largest refinery, Dangote Oil Refinery, is on track to begin operating at full capacity within the next 30 days, according to the refinery’s head, Mr. Edwin Devakumar. Located in Lagos and owned by Mr. Aliko Dangote, the refinery, with a capacity of 650,000 barrels per day, has been processing crude since January of the […]
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- February 12, 2025
VFD Group Divests ₦7bn Stake In Atiat Limited
VFD Group Plc has announced the divestment of its 57.26 percent stake in Atiat Limited, a transaction valued at over ₦7 billion. This decision marks a strategic shift for the investment company as it seeks to redeploy capital into higher-growth opportunities. In a notice filed with the Nigerian Exchange Limited, VFD Group’s Company Secretary, Gbeminiyi […]
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