Business

Heirs Holdings tells story of transformational investment in Africa, launches its first-ever TV commercial

Heirs Holdings has launched its first-ever television commercial (TVC), showcasing the company’s diverse portfolio, spanning the power, energy, financial services, hospitality, real estate,...

Aig-Imoukhuede, co-founder, returns to Access Holdings as Chairman

Access Holdings PIc has announced the return of Mr. Aigboje Aig-Imoukhuede as its Non-Executive Chairman. Aig-Imoukhuede, co-founder of Access Bank with the late...

CBN to sanction MfBs over late non-rendition of statutory monthly returns

The Central Bank of Nigeria (CBN) has directed all microfinance banks (MfBs) to adhere to prompt rendition of statutory monthly returns through the...

In a great leap forward, Heirs Holdings launches Heirs Technologies, set to lead Africa’s digital evolution

Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, has broken new grounds with...

Transcorp Group announces listing of Transcorp Power Plc by introduction on Nigerian Exchange’s Main Board March 4

Transnational Corporation Plc (Transcorp Group) wishes to announce the listing of its subsidiary, Transcorp Power Plc (Transcorp Power or TP Plc) via listing...

CBN to sell N1.64trn Treasury bills in Q2 2024

The Central Bank of Nigeria (CBN) has said it will sell Treasury bills (TBs) worth N1.64 trillion for the second quarter of 2024...

Nigeria lacks sufficient reserves to tackle FX demands, backlog in the market, says expert

An economist, Mr. Esili Eigbe, has said Nigeria lacked sufficient reserves to tackle the demands for foreign exchange and the backlog in the...

CBN to sell dollar at N1,301 to authorized BDC

In its bid to increase liquidity, strengthen the naira, and curb distortion at the retail end of the FX market, the nation’s apex...

Economic hardship: Elumelu to partner MOFI to boost economy

Nigerian philanthropist and Chairman of Heirs Holdings Group, Mr. Tony Elumelu, has expressed readiness to partner with and support the Ministry of Finance...

NSA, CBN join forces to curb illicit activities in forex market

In its bid to strengthen Nigeria’s foreign exchange market, the Office of the National Security Adviser (ONSA) says it has joined forces with...

CBN stops dollar cash payments for BTA, PTA

The Central Bank of Nigeria (CBN) has announced that it will no longer allow dollar cash payments for Business Travel Allowance (BTA) and...

Wigwe’s death: Access Holdings appoints Bolaji Agbede its Ag. CEO

Access Holdings Plc has announced the appointment of Ms. Bolaji Agbede as its Acting Group Chief Executive Officer. This followed the death of...

We must moderate our demands for forex, says Cardoso

The governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called on Nigerians to cut down on their demands for...

NNPCL, CBN partner for seamless banking operations

In their bid to foster transparency and seamless commercial operations, the Nigerian National Petroleum Company Limited (NNPCL) and the Central Bank of Nigeria...

FG set to disburse N200bln to Nano business owners

Poised to turn around the economic fortunes of Nigeria, the Federal Government has set up three funds amounting to N200 billion. The funds...

E-payment transactions in Nigeria hit historic N600trn in 2023 – NIBSS

Nigeria’s transition to a cashless economy got a significant boost as electronic payment transactions witnessed a dramatic surge from N387 trillion in 2022...