Access Holdings, the parent company of Nigeria’s largest bank, Access Bank, has disclosed that it will be going fully digital for its N365bn rights issue. In a notice filed with the Nigerian Exchange Limited, the holding company noted that it was seeking to raise N365bn through a rights issue to fortify its capital base, support expansion ... Read more

The International Monetary Fund forecasts indicated that Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations. As reported by Bloomberg, the IMF’s World Economic Outlook showed the country’s gross domestic product at $253 billion base ... Read more

The Federal Government seeked increased investments and trading partnerships from member countries of the Group of Twenty-Four. This was disclosed during the World Bank-IMF Spring Meetings in Washington DC by the Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, who was represented by the Director General of the Budge ... Read more

President Bola Tinubu has approved the appointment of seven Nigerian professionals to the Board of the Securities and Exchange Commission (SEC). The appointees include Mr. Mairiga Aliyu Katuka as Chairman, Mr. Emomotimi Agama as Director-General, Frana Chukwuogor as Executive Commissioner (Legal and Enforcement) and Mr. Bola Ajomale as Executive ... Read more

The Revenue Mobilization Allocation and Fiscal Commission has revealed that a total sum of N7.3tn accrued into the Federation Account between July and December 2023, showing an increased revenue inflow. It noted that the amount shared by the Federation Account Allocation Committee was remitted to the Central Bank of Nigeria under the caption &ld ... Read more

The Federal Government of Nigeria will need the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff, this was disclosed by the Chairman of the Nigeria Electricity Regulatory Commission, Sanusi Garba in Abuja on Thursday. While speaking at a stakeholders meeting convened by the House of Representatives Committee on Power, Garb ... Read more