BUA Foods Plc, a leading manufacturer of food products has announced its exceptional FY 2024 unaudited financial results, demonstrating resilience amidst economic headwinds. Highlights · Revenue soars 109.3% to ₦1.53 trillion · Gross Profit grows by 107.9% to ₦541.71 billion · Profit After Tax rises by 145.3% to ₦274.95 billion · Earnings Per Share (EPS) […]

Access Bank PLC is set to host its first-ever Africa Trade Conference (ATC), a landmark event focused on advancing Africa’s economic transformation under the theme, ‘Empowering Africa Through Trade, Innovation, and Sustainable Growth’. Scheduled for March 12, 2025, in Cape Town, South Africa, the conference is poised to bring together the most influential voices in […]

  NGX Regulation Limited (NGX RegCo), the independent regulation subsidiary of Nigerian Exchange Group, and the Economic and Financial Crimes Commission (EFCC) have called for enhanced partnership to enhance market surveillance and combat financial crimes in Nigeria’s increasingly digitalized capital market.   This strategic initiative was discussed during a high-level meeting between NGX RegCo’s Chief […]

Union Bank, Nigeria’s leading financial institution, has kicked off its Save and Win Palli Promo 4campaign on a high note following the announcement of its first set of winners in its inaugural monthly draws. The first live draw of this season, which took place at the Bank’s Head Office in Marina, Lagos, rewarded 60 customers […]

Managing Director and Chief Executive Officer of Arthur Stevens Asset Management Limited, Olatunde Amolegbe has highlighted the growing presence of mid-level investors in the Nigerian capital market, emphasizing their critical role in boosting market liquidity. Speaking at the Capital Market Correspondents Association of Nigeria (CAMCAN) 2024 Market Review and 2025 Projection event in Lagos, themed […]

 Nigeria’s leading commercial bank, Sterling Bank Limited, has petitioned the Inspector General of Police (IGP) to address alleged fraudulent activities linked to Miden Systems Ltd and its director, Dr. Brendan Innocent Usoro. The action followed a series of purported attempts by Usoro to leverage political connections and law enforcement to undermine a court-mandated debt settlement. […]

The Nigerian stock market is poised for significant growth in 2025, with Arthur Steven Asset Management Limited (ASAM) projecting a 39% return on the All-Share Index (ASI).  According to Olatunde Amolegbe, Managing Director of ASAM and former President of the Chartered Institute of Stockbrokers (CIS), in his presentation at the Capital Market Correspondents Association of […]

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the apex regulator was going to build on the traction it has made in terms of reforms in the foreign exchange market, remittance, diaspora engagement, and others in 2025. Cardoso said this on Thursday via a statement shared on his X handle, […]

The Central Bank of Nigeria (CBN) has launched two digital initiatives as part of the ongoing “Digital First” transformation initiative launched by Governor Olayemi Cardoso in December 2023. They include the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution, both of which were unveiled at an event held on […]