Presco Plc has successfully completed its recent rights issue, recording a strong subscription level of 103 per cent, a development that points to growing confidence among shareholders in the company’s …
Finance
- BusinessBusiness InsightsCapital MarketFinanceINVESTMENTWestern Africa
- BankingBusinessEconomyEnergyFinanceNigeriaOil & Gas
Chappal Energies Secures $430m Financing to Strengthen Asset Portfolio and Support Growth Strategy
Chappal Energies, through its subsidiary, Chappal Investments Limited, has completed major financing transactions valued at a total of $430m, marking an important step in the company’s financial and strategic expansion …
The Chief Executive Officer of First Bank of Nigeria Limited, Mr Olusegun Alebiosu, has said the bank’s Digital Xperience Centre initiative is part of a broader effort to redefine how …
- BankingCorporate NewsFinanceFinance & ServicesRegulationTechnology
NDIC, NIBSS Move to Strengthen Faster Depositor Reimbursement Through New Digital Partnership
The Nigeria Deposit Insurance Corporation and the Nigeria Inter-Bank Settlement System Plc are set to formalise a stronger collaboration through the signing of a Memorandum of Understanding aimed at improving …
- BankingBusinessCorporate GovernanceEconomyFinanceHealthWomen Empowerment
Women Bankers Demand 40% Board Representation to Drive Growth in Nigeria’s Financial Sector
The Association of Professional Women Bankers (APWB) has stepped up its advocacy for a more inclusive leadership structure in the Nigerian banking industry, calling for a significant increase in female …
- BankingBusinessConsumer ProtectionEconomyFinanceRegulation
NDIC assures ASO, Union homes depositors of N2m payouts
The financial landscape in Nigeria’s mortgage subsector witnessed a major shake-up on Tuesday as the Nigeria Deposit Insurance Corporation (NDIC) officially moved in to liquidate two prominent institutions: Aso Savings …
- BusinessFinanceGender EqualityHealthcareHospitalityHospitality, Travel & Tourism
Dr. Awele Elumelu Takes Over as Chair of Transcorp Hotels Plc in Major Boardroom Shake-up
The hospitality industry in Nigeria is set for a significant leadership transition as Transcorp Hotels Plc, the hospitality arm of the Transnational Corporation (Transcorp Group) Plc, has announced the appointment …
- BusinessEnergyEnvironmentFinanceLagos NewsTransportationYouth Empowerment
Drivers benefit from UBA’s $100m Lagos vehicle scheme
In a massive boost to the transportation sector and youth empowerment in Lagos State, the United Bank for Africa (UBA) Plc has entered into a landmark $100 million partnership with …
- BusinessFinanceIndustrialisationNigeriaOil & Gas
132 Nigerian firms secured N51.7bn, $359m in local content funds – NCDMB
A total of 132 Nigerian companies have accessed N51.785 billion and $359.653 million from local content intervention funds aimed at promoting indigenous participation in the country’s oil and gas industry, …
- BankingDigital PaymentsFinanceFinancial InclusionFintechGhana EconomyTechnology
MoMo Honours 22 Top Fintech Partners at 2025 Stakeholders’ Dinner & Awards in Accra
MobileMoney Limited (MoMo Ltd) has celebrated 22 high-performing partners across Ghana’s fintech ecosystem at its 2025 FinTech Stakeholders’ Dinner & Awards held in Accra. The event brought together key players, …