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JenneteUgo Anya
- November 11, 2024
SEC Plans To Launch Capital Formation Office For MSMEs
In a bid to address the financing challenges faced by micro, small, and medium enterprises (MSMEs) in Nigeria, the Securities and Exchange Commission (SEC) has announced its progress toward establishing a dedicated office for small business capital formation. This office, which is at an advanced planning stage, will provide tailored support to companies seeking to […]
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- November 8, 2024
UBA Seeks Approval For Rights Issue Following Q3 Profit Surge
United Bank for Africa (UBA) has applied to the Nigerian Exchange (NGX) for approval to list a rights issue of 6.8 billion ordinary shares at ₦35.00 each. This follows a strong quarter three (Q3) 2024 financial performance, with UBA reporting a remarkable 101.88 percent increase in pre-tax profit to ₦194 billion and a nine-month total […]
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- November 8, 2024
GPTW Names Wema Bank As Nigeria’s Best Workplace In 2024
Wema Bank has clinched the top spot as Nigeria’s Best Workplace at the prestigious Great Place To Work (GPTW) 2024 Awards. Recognised for its strong commitment to employee well-being, innovative workplace culture, and comprehensive support initiatives, the bank received accolades during a recent ceremony held in Lagos. The award highlights Wema Bank’s exceptional focus on […]
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- November 7, 2024
Access Holdings Reports N209.2bn Q3 Profit
Access Holdings PLC has reported robust financial results for the third quarter (Q3) of 2024, recording a pre-tax profit of N209.2 billion—a 65.01 percent increase over the N126.8 billion posted during the same period last year. This growth contributed to a nine-month cumulative pre-tax profit of N558.1 billion as of September 30, marking an impressive […]
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- November 7, 2024
MTN Nigeria Seeks N50bn In Debt Market To Cover Funding Gap
MTN Nigeria, the largest wireless operator on the continent, has revealed its plans to raise N50 billion in commercial paper to support its short-term working capital needs. This move marks MTN Nigeria’s first return to the debt market this year, following four commercial paper issues last year, which raised a total of N375 billion. In […]
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- November 7, 2024
Moniepoint Appoints Bayo Olujobi As Chief Financial Officer
Moniepoint Microfinance Bank has announced the appointment of Mr. Bayo Olujobi as its new Chief Financial Officer (CFO), a move that aligns with the bank’s commitment to broadening financial inclusion in Nigeria. Mr. Olujobi, a seasoned financial executive, transitions to Moniepoint from Stanbic IBTC Bank (a subsidiary of Standard Bank Group), where he served as […]
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- November 6, 2024
Golden Terra Oil Secures Top Marketing Excellence Award
Golden Terra Oil has been awarded the Outstanding Campaign of the Year at the 2024 National Marketing Stakeholders Summit and Awards, recognising the brand’s impactful and resonant marketing efforts. The event, held recently at the Balmoral Convention Centre at Sheraton Hotel, Ikeja, brought together industry leaders to celebrate notable achievements in innovation and creativity within […]
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- November 6, 2024
First Bank Partners With Global Carbon Accounting Initiative
First Bank of Nigeria has officially joined the Partnership for Carbon Accounting Financials (PCAF) as part of its strategy to promote sustainable finance, combat climate change, and support socio-economic development during the global shift to a just and sustainable future. This move highlights the bank’s commitment to reducing its carbon footprint through accountable and transparent […]
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- November 5, 2024
Wema Bank Launches Export Trade Academy To Boost Nigerian SMEs
Wema Bank has unveiled the Wema Export Trade Academy, a specialised training initiative aimed at equipping small and medium enterprises (SMEs) in Nigeria with the knowledge and tools necessary for success in international trade. This comprehensive program is designed to help SMEs overcome the regulatory, financial, and logistical barriers that often impede their entry into […]
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- November 5, 2024
Nigeria Contributes $69.1m In Equity Funding To African Energy Bank Ahead Of 2025 Launch
Nigeria has officially contributed $69.1 million in equity funding to the newly established African Energy Bank (AEB), which is set to support and finance energy projects across the continent. The federal government announced that the AEB, with an initial capital base of $5 billion, is set to commence operations on January 28, 2025, in Abuja. […]
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