18
Jun
In May 2024, Nigeria experienced an increase in its headline inflation rate according to the data released by the National Bureau of Statistics on 15th of June, 2024.
On...
Posts by alpha10
06
Jun
On June 4, 2024, the Nigerian Naira faced a significant setback as it was excluded from the International Monetary Fund's (IMF) Representative Exchange Rates for Selected Currencies list. This exclusion has raised...
05
Jun
On June 3, 2024, the Central Bank of Nigeria (CBN) took a significant step by revoking the banking license of Heritage Bank Plc. Heritage Bank, founded in the 1970s as Societe Generale...
15
May
The Securities and Exchange Commission (SEC) in Nigeria has recently introduced strict regulations to govern the issuance and allotment of securities by private companies. The Commission said the rules were made...
13
May
On May 6, 2024, the Central Bank of Nigeria (CBN) released a circular requiring Banks and Other Financial Institutions to initiate deductions for a cybersecurity levy. This is coming after the National...
29
Jan
In a groundbreaking move set to redefine the landscape of the pension industry, Access Holdings has successfully acquired a controlling stake in ARM Pensions, creating a formidable alliance that promises substantial benefits...
29
Jan
The Nigerian National Petroleum Company (NNPC) Ltd has acquired a 20% stake in Dangote refinery for $2.76 billion through a $1.036 funding from Lekki Refinery Funding Limited of which $1 billion was...
29
Jan
The Minister of Information and National Orientation, Mohammed Idris, has announced that the Presidential Initiative to deploy Compressed Natural Gas (CNG) mass transit buses is anticipated to lead to a reduction of...
23
Jan
Nigeria grapples with economic distress, desperately needing funds for obligations, yet ironically experiencing a windfall. Notably, $332.4 million from Abacha loots and €6,324,627 recovered globally, according to former Justice Minister Abubakar Malami.
23
Jan
In December 2023, Wema Bank started a substantial rights issue, offering 8,572,103,573 ordinary shares at N4.66 per share, based on a two-for-three ratio for existing shareholders as of September 28, 2023.