By Ibiyemi Mathew MTN Nigeria has appointed two persons to its executive team. The telecommunication giant appointed Shoyinka Shodunke and Adia Sowho as new executives for the Nigerian outlet. Announcing the new appointees, Karl Toriola MTN Nigeria CEO, commenting in…
By Ibiyemi Mathew MTN Nigeria Communications Plc (MTN Nigeria) has announced its unaudited results for the half-year ended 30 June 2021, as well as plans to celebrate its 20th anniversary with numerous national impact projects with Fintech revenue rising by…
By Kayode Tokede The Nigerian Exchange Limited (NGX) stock market opened trading for the month of August on Monday with a growth of N30 billion. Specifically, the market capitalisation which opened at N20.083 trillion increased by N30 billion or 0.15…
By Kayode Tokede Africa’s first vertically integrated financial market infrastructure (FMI) group, FMDQ Holdings PLC, (FMDQ Group) held its 9th Annual General Meeting (AGM) last Friday, to transact its ordinary and special business and receive relevant approvals from its stakeholders.…
By Kayode Tokede Wema Bank has announced its unaudited half year ended June 30, 2021 (H1) financial result and accounts with strong fundamentals in income statement position as profit before tax rose significantly by 148.7 per cent to N4.3billion in…
Deposit Money Banks (DMBs) on Monday commenced sales of dollar at N412 to retail customers that meet required documentations. This is in compliance with the new Foreign Exchange (FX) regulation by the Central Bank of Nigeria (CBN), commercial banks have…
Average yields across fixed income instruments contrast as financial system liquidity improves. Thus, in the money market space, pressure on interbank rates eased following robust system liquidity. The overnight lending rate contracted by 200 basis points to 5.8per cent, in…
The Rural Electrification Agency (REA) has announced the provision of $550m in funding by the World Bank (WB) and the African Development Bank (AfDB) to support the implementation of its off-grid solution projects. Mr Ahmed Abubakar, Communication Expert, REA, who…
The Nigerian National Petroleum Corporation (NNPC) has announced that it will declare its first dividend to Nigerians as it prepares to release its 2020 financial statements in the third quarter of this year. This is coming at a time the…
Nigeria LNG (NLNG) LLC engineering, procurement, and construction contractor SCD JV Scarl—a joint venture of Saipem SPA, Chiyoda Corp., and Daewoo Engineering & Construction Co.— has signed Air Products Inc. to provide liquefaction technology for the NLNG Train 7 expansion.…
