Coronation Merchant Bank Appoints Abiagam Acting Managing Director/CEO
Coronation Merchant Bank, a leading investment bank in Nigeria, has appointed Paul Abiagam as its Acting Managing Director/CEO, effective immediately.…
Day: August 14, 2024
70% Windfall Tax Burdensome, Ill-Timed – Bank Directors
The Bank Directors Association of Nigeria has expressed strong concerns about the recent imposition of a 70% windfall tax on…
High inflation: 67% of MSMEs seen declining demands — PwC
A new PwC Nigeria report reveals that 67% of Micro, Small, and Medium Enterprises (MSMEs) have seen a drop in…
Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun
Finance Minister Wale Edun has assured Nigerians of economic progress under President Bola Tinubu, revealing that the country achieved $55…
Goldman Sachs’s filing reveals $418 million in spot Bitcoin ETF holdings
Goldman Sachs disclosed a $418.65 million stake in U.S. spot Bitcoin exchange-traded funds (ETFs) in its latest 13F filing with…
Julius Berger’s share price climbs by 34.02% in two weeks
Julius Berger closed trading on August 13, 2024, at N130.00 per share, continuing a notable upward trend. The stock saw…
AfDB Calls for Increased Private Sector Engagement in Climate Finance
At a recent conference in Kampala, Uganda, the African Development Bank emphasized the critical need for greater private sector involvement…
At N4.54tn, FGN Bonds, Sukuk Listings Out-pace Corporates on NGX
In the first seven months of 2024, Federal Government of Nigeria (FGN) Bonds and Sukuk listed on the Nigerian Exchange…
Nigeria’s International Payments Up 31%, Letters of Credit Outlay Down 63.3%
Nigeria’s overseas payments increased by about 31% from January to May 2024, reaching $3.31 billion. This rise is attributed to…
Olam Agri Commits N6.5bn to Sustainable Social Investment in Nigeria
Olam Agri has launched a significant expansion of its Corporate Responsibility and Sustainability (CR&S) strategy, committing M6.5 billion over the…
Credit to Private Sector Increased by 38% YoY in June
Credit to Nigeria’s private sector saw a significant increase of 38% year-on-year in June 2024, reaching N73.12 trillion, up from…
PTML Becomes Major Transshipment Hub to Europe, Receives First RoRo Ship from China
PTML Nigeria, the largest Ro/Ro multipurpose port terminal in West Africa, has achieved a significant milestone by establishing itself as…