The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market. This came as Presidency warned currency speculators to desist from unpatriotic act against the national currency, saying racketeers would have their fingers burnt. The naira gain came a day after the local currency…
Of every two businesses in Nigeria, one is family-owned, a study by Moniepoint has stated. The report, released on Wednesday, noted that a lack of governance structure and succession planning were some of the challenges facing family businesses in the country. According to the fintech firm, the future of family-owned businesses remained bright due to…
Access Bank Plc, the flagship subsidiary of Access Holdings Plc, has entered into a binding agreement with Kenyan-based KCB Group Plc (KCB) for the acquisition of the entire issued share capital of National Bank of Kenya Limited (NBK) from KCB NBK is one of Kenya’s major banks with total assets in excess of $1.1 billion….
Her appointment, subject to the approval of the Central Bank of Nigeria, takes effect from June 1, 2024, according to the bank. “She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure. Dame (Dr.) Adaora Umeoji is the first female GMD/CEO since the inception of…
Polaris Bank’s International Women’s Day (IWD) webinar themed: ‘Empowering Voices: Women Leading Change,’ offered a dynamic platform for insightful conversations. The 2024 International Women’s Day (IWD) theme “Inspire Inclusion,” recognizes that despite progress made, women face significant obstacles to achieve equal participation in the economy. The webinar featured a distinguished panel of experts who discussed…
Wema Bank has stressed the need for inclusion and equity for women in the workplace and society. According to the Managing Director/Chief Executive Officer of Wema Bank, Moruf Oseni, at the bank’s International Women’s Day event, all hands must be on deck to ensure a good representation of both genders. He reiterated that the lender…
Access Holdings Plc inched up by 1.52 per cent on Thursday, a day after Aigboje Aig-Imoukhuede was appointed the chairman of the financial group. Access Holdings trading under the AccessCorp ticker on the Nigerian Exchange appreciated to N23.35 from N23 on Wednesday. The volume of its stocks traded also rose to 25,273,345 units compared to…
A Nigerian food retail firm, FoodCo Nigeria has called for government support in the early detection and treatment of breast and cervical cancer among Nigerian women. This was just as it said that the two diseases are prevalent and with high mortality rates. According to a statement on Saturday, the company’s Head of Innovation, Growth…
Ecobank Transnational Incorporated has announced that it has obtained a $250m loan facility to boost its liquidity buffers. According to a statement signed by the Group Chief Financial Officer, Ayo Adepoju, which was filed with the Nigerian Exchange Limited on Monday, the bank said that the loan facility was a senior bridge-to-bond loan facility led…
