Access Holdings has named Aigboje Aig-Imoukhuede as its non-executive chairman, marking his return to the company after a decade-long tenure as Chief Executive Officer (CEO), following the passing of Herbert Wigwe, the former Group CEO.
In a statement released late Wednesday, Access Holdings confirmed the reappointment of Aigboje Aig-Imoukhuede as...
Lagos, Nigeria - In a strategic move to fortify its financial position amidst evolving market dynamics, Ecobank Transnational Incorporated (ETI) has inked a significant deal with the African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC). Ayo Adepoju, ETI's group chief financial officer, disclosed this groundbreaking development in a...
The Ibadan Electricity Distribution Company Plc (IBEDC) says there will be no disconnection of electricity to non-paying customers during this period of lockdown in Coronavirus pandemic.
Its Chief Operating Officer, Mr John Ayodele, made this known in a statement issued in Lagos on Friday.
According to him, this is in recognition...
analysts see prospects for growth, encourage corporate sponsorship for sustainability
Stakeholders and entertainment actors in Edo State have valued the revenue accrued to the sector in 2021 to about N500 million owing to the growing opportunities and investment attracted to the creative and entertainment industry during the period.
A cross-section...
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has announced an increase in the monetary policy rate (MPR) from 22.75% to 24.75%. Olayemi Cardoso, CBN Governor, revealed this decision during the committee's 294th meeting in Abuja, emphasizing the bank's efforts to combat inflation.
According to Cardoso, "The...
The vision of Governor Udom Emmanuel, to make the Akwa Ibom State owned Airline, Ibom Air, become the West African Aviation power house, is nearing reality, following indications that Ibom Air could soon commence regional operations between Nigeria and The Gambia.
This was part of discussions Monday, when the Gambian...
Despite the directive of the Central Bank of Nigeria to merchants to stop the deduction of additional N50 on Point of Sales transactions, some outlets have yet to comply with the directive.
Our correspondent who monitored the rate of compliance with the directive observed that many of the filling stations...
Foreign airlines operating in Nigeria have initiated the unblocking of their low-priced fares on Nigerian routes following the Central Bank of Nigeria's completion of the payment of approximately $7 billion in backlog, which includes over $700 million in unremitted ticket revenue.
The CBN recently announced the clearance of $7 billion...
Dangote Industries Ltd. plans to ensure that Nigeria becomes self-sufficient in cement, agriculture, mining and petroleum products.
The Regional Sales Director, Southeast Dangote Cement, Dr Abayomi Shittu stated this in Enugu on Thursday during Dangote Special Day at the on-going 34th Enugu International Trade Fair.
Dangote Industries Ltd. is into cement,...
Peak electricity generation on the national grid dropped by 292.4 megawatts between Monday and Tuesday, latest industry figures from the Federal Ministry of Power showed.
It was also gathered on Wednesday that a fault involving an underground cable connecting 60MVA 132/33kV T3 and its grounding transformer in Kakuri power transmission...
