By Mukhtar Ajelogbon I’m writing my first article in the year 2023 to acknowledge the role of the ‘overly generous’ person I have come across; an entrepreneur and philanthropist par excellence, whose generosity knows no bounds, whose aim and wealth…
Nigerian businesses concerned about rising interest rates and macro-economic issues have halted borrowings from the bond market. According to data from Afrinvest Securities, there were 13 corporate bond issuances with a total value of N170.80 billion in 2022, which is…
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced the appointment of new Directors across its subsidiaries. In a statement sent to NGX, the group said the appointments were in line with Stanbic IBTC’s succession plan and…
Nigeria Inter-Bank Settlement System (NIBSS) has revealed that banks registered a total of 4.8 million new Bank Verification Numbers (BVNs) in 2022. According to the data released, this brought the total number of registered BVNs in the country to 56.5…
The Finance Minister, Ms Zainab Ahmed revealed that the President Muhammadu Buhari regime had spent N12.87 trillion of the N17.126 trillion budgeted for last year, as of November 30, 2022. This, she said, represented a fiscal deficit of N6.37 trillion.…
The year 2022 was a progression of growth for the Nigerian ICT sector. With visionary leadership at the Ministry of Communications and Digital Economy and it’s parastatals to increased synergy between the government and private sector players, the sector was…
Increased crude oil production output from Nigeria was instrumental to the rise in the production output of the Organization of Petroleum Exporting Countries (OPEC) in December 2022. OPEC’s daily output in December was boosted by 150 barrels and Nigeria contributed…
Nigeria’s Minister of Finance, Mrs Zainab Ahmed, has revealed that only N3.36 trillion was earmarked for fuel subsidy in Nigeria’s 2023 budget. She disclosed this during a Public Presentation and breakdown of the 2023 Appropriation Act earlier today in Abuja.…
Total Energies has consistently delivered solid positive revenue over the years. In the past five years (except for 2019 and 2020), the company recorded a CAGR of 4.3 per cent and 20.17 per cent in revenue and earnings, respectively. The…
By Philemon Adedeji The Securities and Exchange Commission (SEC) has stated that the persisted proliferation of operators running illegal investment schemes in the country continues to be a major critical concern to the capital market. Director General of the SEC,…
