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JenneteUgo Anya
- 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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- August 30, 2024
SEC Grants Approval-in-Principle To 2 Digital Asset Exchanges
The Securities and Exchange Commission (SEC) has granted ‘approval-in-principle’ to two digital asset exchanges, marking a crucial step under its Accelerated Regulatory Incubation Programme (ARIP). This decision aligns with the SEC’s goal of fostering innovation while ensuring investor protection. The companies receiving this approval are Busha Digital Limited and Quidax Technologies Limited. Busha Digital operates […]
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- August 30, 2024
Manroe Realty Leads Digital Revolution In Nigeria’s Real Estate Market
In the ever-evolving landscape of Nigeria’s real estate market, the stakes are high, and the uncertainties even higher. The fear of investing millions of naira in unverified properties or engaging with untrusted agents has long been a significant deterrent for many. However, Dr. John Edumoh, the Chief Executive Officer (CEO) of Manroe Realty Limited, is […]
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- August 27, 2024
Expert Urges Investors To Hold Out For Long-Term Gains In Bank Offers
In a candid advisory to Nigerian investors, financial expert and founder of KSBC Knowledge Resources Limited, Mr. Chika Mbonu, has urged caution for those considering participation in the ongoing banking public offers. Speaking as a panellist during a recent industry outlook webinar titled ‘Banking Public Offers: Buy, Sell, or Hold?’ Mr. Mbonu emphasised the importance […]
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- August 27, 2024
Sygen Pharmaceuticals, ORx Pharmaceuticals Form Sygen-ORx Biosciences To Drive Healthcare Innovation In Africa
Sygen Pharmaceuticals Ltd, headquartered in Lagos, has partnered with ORx Pharmaceuticals Corporation, based in Ontario, Canada, to establish Sygen-ORx Biosciences. This groundbreaking joint venture aims to revolutionise healthcare by addressing pharmaceutical drug security challenges through collaborative innovation. ORx Pharmaceuticals, affiliated with the Toronto Institute of Pharmaceutical Technology—North America’s leading post-graduate institute for pharmaceutical technology […]
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- August 26, 2024
DAAR Communications Announces Retirement Of Akiotu, Other Senior Executives
DAAR Communications PLC, the parent company of African Independent Television (AIT), Raypower, and Faaji FM, has announced the retirement of several senior executives, including Mr. Tony Akiotu and Dr. Oluwatosin Dokpesi. This decision, effective from October 31, 2024, is part of the company’s ongoing efforts to adhere to its Internal Control Policies and Procedures Manual, […]
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- August 26, 2024
Oando Secures $650m Afreximbank Loan To Complete Nigerian Agip Oil Company Acquisition
Oando Plc has secured a $650 million loan facility from the African Export-Import Bank (Afreximbank) to complete its $783 million acquisition of the Nigerian Agip Oil Company (NAOC). This significant financial milestone was announced by Afreximbank on Friday, marking a key moment in Oando’s expansion within Nigeria’s oil and gas sector. The loan, which includes […]
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