The Central Bank of Nigeria approved its first bank merger since increasing capital requirements four months ago and ordering lenders to consider equity offers and business consolidation to comply. The Abuja-based regulator sanctioned a tie-up between Providus Bank Ltd. and Unity Bank Plc. It said the merger was “contingent upon[Read More…]
Author: Godwin Anyebe
Nigeria ranks 9th among African investment destinations – Report
Nigeria, known as the giant of Africa is ranked 9th among top African investment destinations with Seychelles and Mauritius leading the list. According to Bloomberg, the report evaluated 31 nations on the continent, assessing economic performance, market accessibility, investment climate, and social and human development. Nigeria, along with Ghana and[Read More…]
FG issue $500m denominated bonds, target 200% subscription rate
FG has introduced Series I Domestic USD Bond, aiming to raise at least $500 million from both local and international investors. However, this launch occurs amid a challenging backdrop where five of Nigeria’s Eurobonds have been ranked among the worst performers in a Bloomberg index of emerging and frontier sovereign[Read More…]
NCC Mandates Telcos to Open Up on Tariff Plans
The Nigerian Communications Commission (NCC) has instructed telecom operators to streamline their tariff plans, packages, and promotional offers after many Nigerians voiced dissatisfaction with the rapid depletion of their airtime and data plans, which used to last much longer. NCC spokesperson Reuben Muoka stated on Monday that the regulator has[Read More…]
FG and ICAC targets creation of over 1.4million jobs Annually
The Federal Government of Nigeria is collaborating with the International Cotton Advisory Committee (ICAC) to revitalize the country’s cotton and textile sector, with a target of creating over 1.4 million jobs Textile industry. annually. Vice President Kashim Shettima highlighted the initiative’s focus on developing the entire cotton value chain, which[Read More…]
NCC Mandates Telcos to Open Up on Tariff Plans
The Nigerian Communications Commission (NCC) has instructed telecom operators to streamline their tariff plans, packages, and promotional offers after many Nigerians voiced dissatisfaction with the rapid depletion of their airtime and data plans, which used to last much longer. NCC spokesperson Reuben Muoka stated on Monday that the regulator has[Read More…]
ITU Urges FG to Address Multiple Regulations in Digital Space
International Telecommunications Union (ITU) has advised the Nigerian government to simplify the National Information Technology Development Agency (NITDA) and Nigerian Communications Commission (NCC) regulatory responsibilities in the digital space. his is part of the recommendations stated in its report on Nigeria titled, ‘Collaborative Regulation: Accelerating Nigeria’s Digital Transformation’. The report[Read More…]
Guinness Nigeria records 31% revenue growth
Guinness Nigeria Plc has announced 31 per cent revenue growth for the financial year ended June 30, 2024. A statement by Guinness said the strong performance was even more pronounced in the second half of the year, with revenue growth accelerating to 41 per cent, up from 20 per cent[Read More…]
ESG: FIRSTBANK WINS 2024 EUROMONEY AWARD FOR NIGERIA’S BEST BANK
ESG: FIRSTBANK WINS 2024 EUROMONEY AWARD FOR NIGERIA’S BEST BANK FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria’s Best Bank in Environmental, Social, and Governance (ESG), reinforcing its position as a leader in sustainable banking[Read More…]
OAAN says Chartered OoH Media Bill is to Safeguard Member Assets and Combat Chalartanism, Distances Itself from HASG’s Opposition
The leadership of the Out -of -Home Advertising Association of Nigeria (OAAN) has said the proposed Chartered Out -of -Home Media Practitioners Bill is designed to bring sanity to the sector, protect members’ assets and stem charlatanism in the OoH sector. The association, in a statement issued by its President,[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]