Nigerian Breweries Plc has announced that it would be raising up to N600bn via Rights Issue. In a corporate notice filed with the Nigerian Exchange Limited on Wednesday, which was signed by its Company Secretary, Uaboi G. Agbebaku, it was revealed that the decision to raise capital was made at the Board of Directors meeting…
Business activities in Nigeria remained flat in March, according to the latest Purchasing Managers’ Index published by Stanbic IBTC. The report indicated that the headline index remained unchanged at 51 points in March from 51 points in February. Readings above 50 points signal an improvement in business conditions, while those below show a drop. Some…
MTN Nigeria has announced that it will hold an extraordinary general meeting with its shareholders on how to manage the capital loss it suffered in 2023. According to a corporate notice filed with the Nigerian Exchange Limited on Tuesday, the EGM is scheduled for later in the month in Lagos. The EGM notice showed that…
Former President of the National Association of Nigeria Travel Agencies, Bankole Bernard, has stated that Air Peace’s pricing strategies have compelled foreign carriers to slash their fares. Speaking on Channels Television’s The Morning Brief programme on Tuesday, Bernard emphasised that failure by foreign airlines to adjust their ticket prices on the Lagos-London route could potentially…
Zenith Bank Plc has been rated the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024.The latest ranking is the bank’s fourth time emergence since 2019. The bank was among others from 36 Africa countries recognised as the prestigious Global Finance announced its 31st Annual Best Bank Awards Winners. The editors of…
The Alternative Bank has announced the launch of the Quench Project to combat water scarcity and improve lives in underserved communities. A statement from the bank on Friday said that the project was launched in the spirit of Ramadan, the holy month of fasting for Muslims. According to the bank, the initiative will ease access…
James Arukhe, an oil & gas expert, has called on the federal government to deepen policies that will promote local content and technology transfer, as he stated that those measures will empower Nigerian engineers and contribute significantly to the nation’s socio economic development.He stated that strengthening partnerships between the public sector, private industry, and academic…
The first cohort of the FGN-ALAT Digital Skillnovation Programme, an initiative spearheaded by Wema Bank in partnership with the Federal Government of Nigeria, to train and equip 2,000,000 youth and 1,000,000 MSMEs across Nigeria with digital skills for sustainable success, was launched in 2023. A statement from the bank on Thursday, quoted Wema Bank’s Executive…
MoneyMaster Payment Service Bank has been appointed a collection and payment partner by the Lagos State Government for its ‘Ounje Eko’ discount market. The ‘Ounje Eko’ discount market is an initiative of the Lagos State government aimed at providing food items at reduced prices to residents of the state amid rising food costs in the…
