By financescape The Nigerian Bureau of Statistics released the consumer price index report for March 2021. The consumer price index, (CPI) which measures inflation increased to +18.17% (year-on-year) in March 2021. According to the NBS report, this is +0.82% points higher than the rate recorded in February 2021 at 17.33% and […]
By Financescape Lafarge Africa (WAPCO) has released an audited financial account for the year ended December 31, 2020. Lafarge Africa Plc, a leading Sub-Saharan Africa building materials company is a subsidiary of LafargeHolcim, a world leader in building materials. Listed on the Nigerian Stock Exchange. According to the report, the […]
By Financescape The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted to retain the Monetary Policy Rate (MPR) at 11.5%. Decisions The MPC decided to maintain current policy parameters. Monetary Policy Rate (MPR) at 11.50%. The asymmetric corridor at +100/-700 bps around the MPR. Cash Reserve […]
By Financescape The Group Managing Director of Zenith bank plc Mr. Ebenezer Onyeagwu has acquired additional 5,000,000 units of zenith bank plc shares. According to notice sign by the company secretary/General counsel and send to the Nigeria Stock Exchange and the investing public the transaction was executed on the floor of the Nigeria Stock Exchange […]
By Daniel Anomietei/Mediacraft Following the registration of a N30 billion debt issuance programme (the “Programme”) with the Securities and Exchange Commission of Nigeria (“SEC”), Interswitch Limited (the “Sponsor” or “Interswitch”), a leading technology-driven company focused on the digitisation of payments in Nigeria and other African countries, has successfully concluded a N23 billion Series […]
By Daniel Anomietei/Mediacraft Saturday, October 25, 2019. As part of its youth empowerment and socio-economic drive, Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, recently graduated the 16thbatch of Graduate Trainees. Stanbic IBTC’s Graduate Trainee program is a scheme which recruits talented young Nigerians, who are either […]
By Daniel Anomietei/Mediacraft Interswitch Group recently hosted the top 81 finalists out of the 17,460 who registered for the InterswitchSPAK 2.0 National Qualifying Examination, to a Masterclass event in Lagos. The Masterclass is part of the InterswitchSPAK Switch-a-Future project, a CSR initiative of the company focused on rewarding and driving increased […]
By Daniel Anomietei/Mediacraft JOHANNESBURG, 2 OCTOBER 2019: Over the last year changes in Africa’s regulatory environments, coupled with constant swings in commodity prices as well as heightened political and economic tensions, have resulted in ongoing volatility in the continent’s real estate markets. Despite this, fundamental demand-supply imbalances continue to present a largely […]
By Hamisu B. S. Union Bank of Nigeria Plc. has secured US$200 million in funding via a partnership with the sub-Saharan Africa financial services group, Atlas Mara Limited. in agreement with Overseas Private Investment Corporation (‘OPIC”), the U.S. government’s development finance institution. In a statement signed by the company secretary […]
By Hamisu B. S. The Board of Directors of May & Baker Nigeria Plc has approved the appointment of Senator Daisy Ehanire Danjuma as the Chairman of the Board of Directors of the company, this followed the retirement of the Lt. Gen. Theophilus Yakubu Danjuma (Rtd) (GCON) as a Director and Chairman […]
By Financecsape Data from Electronic Payment Channels in the Nigeria Banking Sector for Q2 2019 has indicated that a total volume of 711,299,990 transactions valued at N40.48trn was consummated. According to a report released by the Nigeria Bureau of Statistics NIBSS Instant Payments (NIP) transactions dominated the volume of transactions recorded. […]
By Daniel Anomietei/Mediacraft Stanbic IBTC Pension Managers Limited (SIPML), a subsidiary of Stanbic IBTC Holdings PLC, has announced its sponsorship of the 2019 edition of Art X Lagos. This year, SIPML is sponsoring Art X Modern which is a newly created section dedicated to celebrating pioneers of African modern art from the […]
