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Jennete Ugo Anya
- January 27, 2025
Analysts Warn PenCom’s New Rules On CPs Could Stifle MSMEs
The National Pension Commission (PenCom) has introduced new requirements for Pension Fund Administrators (PFAs) investing in commercial papers (CPs), a move analysts warn could marginalise small businesses already grappling with limited access to affordable financing. PenCom, in a recent statement, explained that the new regulations aim to strengthen risk management in the investment of pension […]
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- January 24, 2025
Transgrid Enerco Acquires 60% Stake In Eko DisCo
Transgrid Enerco Limited has finalised the Share Purchase Agreement (SPA) to acquire a 60% equity stake in Eko Electricity Distribution Company (Eko DisCo), marking the first market-driven acquisition in Nigeria’s power sector. This milestone signals a transformative era for electricity distribution in the country. Transgrid Enerco, a strategic alliance of North South Power Company Limited […]
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- January 24, 2025
SEC Reports N3trn Milestone In Collective Investment Schemes For 2024
The Securities and Exchange Commission (SEC) has announced that Collective Investment Schemes (CIS) in Nigeria exceeded N3 trillion in 2024, highlighting the growing appeal of the capital market as a robust investment avenue. This development was revealed recently by SEC’s Director-General, Dr. Emomotimi Agama, during an interaction with reporters in Abuja. He explained that CIS […]
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- January 24, 2025
CAC Launches AI Platform For 30-Minute Business Registration
The Corporate Affairs Commission (CAC) has announced plans to roll out an artificial intelligence (AI)-driven company registration portal aimed at simplifying and speeding up the registration process for Nigeria’s micro, small, and medium enterprises (MSMEs). This new system, set to go live next week, promises to reduce the registration timeline to just 30 minutes, a […]
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- January 23, 2025
Stanbic IBTC Launches N148.7bn Rights Issue via NGX
Stanbic IBTC Holdings has unveiled its N148.7 billion rights issue, offering existing shareholders an opportunity to expand their stake in the company. The announcement was made during the ‘Facts Behind The Figures’ event hosted by the Nigerian Exchange (NGX) on January 21, 2025. The rights issue involves the issuance of 2,944,772,083 ordinary shares at 50 […]
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- January 23, 2025
World Bank Debars Two Nigerian Companies\CEO For Fraudulent Practices
The World Bank Group has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, along with their Managing Director and Chief Executive Officer, Mr. Norman Bwuruk Didam. This decision follows findings of fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project (NSSNP) in Nigeria. According […]
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- January 23, 2025
Ecobank Nigeria Partners CrediCorp To Offer Affordable Loans
Ecobank Nigeria has joined forces with the Nigerian Consumer Credit Corporation (CrediCorp) to provide affordable and flexible loan options designed to meet the diverse needs of Nigerians. This initiative targets key financial obligations, including school fees, rent, maintenance costs, medical bills, car purchases, and asset financing. The program is open to civil servants and private-sector […]
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- January 23, 2025
IR Surfaces In Alleged Fraud Case Between Mercy Chinwo, Her Manager
By Enam Obiosio From an investor relations (IR) standpoint, the recent alleged fraud case between Mercy Chinwo, Nigerian gospel singer, and Ezekiel Onyedikachukwu, her business manager, offers critical insights into the potential risks and governance concerns for investors in the entertainment sector. The issuance of an arrest warrant for Onyedikachukwu over the alleged fraudulent activities, […]
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- January 22, 2025
Enugu State Enters Into Joint Venture With Landmark Africa
The Enugu State Government has entered into a joint venture with Landmark Africa Group to revitalise Nike Lake Resort, a historic hospitality landmark in Enugu. Under this public-private partnership (PPP), the state government will provide the Nike Lake Resort as an asset, while Landmark Africa will invest ₦10 billion in the initial phase, managing and […]
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- January 20, 2025
Abbey Mortgage Bank To Hold EGM On Strategic Transition
Abbey Mortgage Bank Plc has scheduled an Extraordinary General Meeting (EGM) for Friday, January 24, 2025, to seek shareholder approval for critical resolutions supporting its transformation into a regional commercial bank. In a recent notice to the Nigerian Exchange Limited, the bank outlined its plans to increase and allot additional share capital. This initiative is […]
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