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Jennete Ugo Anya
- 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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- February 10, 2025
AFC Secures $400m Shariah-Compliant Murabaha Facility
Africa Finance Corporation (AFC) has successfully secured a US$400 million Shariah-compliant Commodity Murabaha facility, marking its return to the Islamic finance market after eight years. Initially launched at US$300 million, the facility was upsized to US$400 million due to strong investor demand, achieving 47 percent oversubscription. The transaction attracted 11 leading Islamic financial institutions, including […]
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- February 10, 2025
Fidelity Bank Unveils SME Hub To Support Nigerian SMEs
Fidelity Bank has unveiled the Fidelity SME Hub, a dedicated facility designed to support small and medium-scale enterprises (SMEs) and creative entrepreneurs in Nigeria. Situated in Lagos, the hub is intended to provide businesses with essential resources, training, and networking opportunities, helping them grow and thrive in a highly competitive economic environment. The SME Hub […]
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- February 10, 2025
SEC To Teach State Governments on Capital Market Investment Opportunities
In a bid to unlock economic potential and drive wealth creation across Nigeria’s states, the Securities and Exchange Commission (SEC) is set to embark on an investor education initiative targeted at state governments. The move is aimed at enhancing their understanding of capital market opportunities, financial markets, investment strategies, and regulatory frameworks. The Director General […]
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- February 10, 2025
FG, W\Bank Discuss Capital Market Solutions for Infrastructure Funding
The World Bank has announced plans to introduce its Joint Capital Markets Programme (J-CAP) in Nigeria, aiming to strengthen the country’s capital markets and increase funding for key sectors such as infrastructure, housing, and agriculture. Mrs. Patricia Canziani, Global Head of Capital Markets and Housing, Financial Institutions at the International Finance Corporation (IFC), disclosed this […]
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