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Jim Ovia Remains Chairman of Zenith Holdco as CBN Grants Approval-in-Principle

The Central Bank of Nigeria (CBN) has granted Approval-In-Principle for Zenith Bank Plc to operate a non-operating Financial Holding Company (Holdco) structure, the lender...

Nigeria’s Election Badly Flawed, INEC Failed, Says Financial Times in Editorial

As controversies continue to trail Nigeria’s just concluded 2023 presidential and National Assembly polls held last weekend, The Financial Times of London has said...

Transcorp Hotels Plc Delivers Exceptional Growth With Outstanding Performance Achieving 172% PBT Growth

…and N31.4bn revenue Transcorp Hotels Plc, a leading hospitality brand, has reported its financial results for full year 2022. The Group reported a profit before tax...

Wema Bank Issues N25bn Bonds at 16% to Shore up Capital

Wema Bank is proposing the issuance of Perpetual Fixed Rate Non-Resettable Additional Tier 1 Subordinated Bonds with loss absorption features totaling about N25 billion...

BUA Cement Records Fastest Profit Expansion Among Peer Rivals

BUA Cement Nigeria Plc has proven to be resilient in the face of macroeconomic headwinds as it recorded the fastest profit expansion among the...

Jeremy Awori Leads Ecobank Group as the New Chief Executive Officer

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, the leading Pan-African banking group, is pleased to announce that Jeremy Awori has...

GTB, Access Bank Face Credit Risks From Regional Expansion – Fitch

Nigerian lenders like Guaranty Trust Bank, Access Bank and United Bank for Africa (UBA) will face near-term execution and credit risks from their presence...

DLM Capital Group Raises N5.304 billion in 106% Oversubscribed Commercial Paper Issue

Three weeks after DLM Capital Group announced the issuance of its N5Billion Series 10 and 11 Commercial Paper Notes under its N20Billion CP Issuance Programme, was...

The Role of Business Intelligence in Digital Transformation

By BENJAMIN EZE In recent times, the digital landscape has rapidly evolved. Most businesses adopt digital technology across its business functions to accelerate efficient workflow, drive...

Foreigners Shun Nigerian Stocks as Naira Devaluation Seen After Elections

Foreign investors are side-stepping Nigerian stocks as Africa’s largest economy is widely expected to devalue the naira after presidential elections set to be held...

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