Business

The United States International Development Finance Corporation (DFC), Chief Executive Officer, CEO, Scott Nathan, have signed a commitment letter for $280 million in financing for Access Bank Plc in Nigeria alongside Access Bank Managing Director Roosevelt Ogbonna. The loan will help address the financing gap for small- and medium-sized enterprises (SMEs) and advance financial inclusion […]

The Lagos Chamber of Commerce and Industry (LCCI) has charged the 46 organizations newly inducted to cherish tradition of high ethical standards, innovation, continuous improvement, integrity, and good corporate governance in business practice. Dr Asiwaju Michael Olawale-Cole, President / Chairman of Council Lagos Chamber of Commerce and Industry, stated this during the induction ceremony of

The Nigerian economy over the past six months was characterized by diverse economic vulnerabilities. These include the following: • Unprecedented surge in energy prices which had a very huge adverse effect on economic players across all sectors. • Unprecedented level of currency depreciation and currency volatility. • Increasingly weak fiscal space. • Acute foreign exchange

By Eyo Nsima FBN Holdings Plc, has explained its position on the Federal High Court granting an ex-parte order against it and some respondents over its 10th Annual General Meeting, AGM, adding that the meeting was validly held with all regulatory and statutory parties in attendance. In a statement sent to the Nigerian Exchange Limited,

By Eyo Nsima The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has increased the Monetary Policy Rate (MPR) – benchmark interest rate that guides all other rates in the money market – by another 100 basis points (bps) to 14 per cent from 13 per cent. The Committee had, at its

Purple Real Estate Income limited (“PREIL”), Nigeria’s breakthrough real estate investment platform, today announced the signing of agreements with Genesis Cinemas, Market Square and The Ventures Park to be the anchor tenants and partners at the PurpleLekki, a new development scheduled to open in late 2022. The 38,000 square metre Purple Lekki will encompass a

PwC Nigeria has announced the admission of five new partners effective July 1, 2022. They are Abisola Atitebi, Habeeb Jaiyeola, and Femi Madariola from the firm’s Assurance practice, and Gbenga Adepetu and Tiwalade Otufale from Advisory and Tax, respectively. A record 36 new partners joined the partnership in PwC Africa, of which 51% are female.

The Nigerian Content Development and Monitoring Board (NCDMB) and the National Insurance Commission (NAICOM) have signed insurance services guidelines that will oblige the oil and gas industry to patronize the local insurance sector, thereby retaining spending on the economy. The guidelines will also address loopholes that have been identified while implementing the provisions of the