Sunlight Detergent Excites Abuja Consumers With ‘Laraba’s World’

By Modupe Gbadeyanka Like a golden fish, which has no hiding place, Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings, was the cynosure of all eyes at the recently concluded Association of Issuing Houses of Nigeria (AIHN) Investment Banking Dinner and Awards ceremony. At the event held in Lagos, the company went home with five awards, named as the Best Investment Bank in Nigeria, the Equity Deal of 2022, the Best Equity House of 2022, the Best Corporate Bond House 2022 and the M&A Deal of the Year 2022. The recognitions spread across Stanbic IBTC Capital’s Advisory,

By Adedapo Adesanya One of Africa’s biggest financial institutions, Access Bank, is close to finalizing a regulatory process to launch its first full banking service in Asia in the first quarter of 2024. This was disclosed by the chief executive of its holding company, Mr Herbert Wigwe, on the sidelines of the Africa Financial Industry Summit in Lomé, Togo, as per Semafor. The Nigerian lender’s plan to enter the Asian market is part of a wider global expansion target which includes a strategy to expand more deeply into Francophone Africa, build closer ties with North Africa, and across Europe where

By Aduragbemi Omiyale Zenith Bank Plc has taken a huge step to establish a subsidiary in France, and to make this a reality, it has sealed a Memorandum of Understanding (MoU) with the French government. The Chairman of the company, Mr Jim Ovia, confirmed that the lender may commence operations in the European nation next year, though it is working hard to secure a banking licence. This will add to other countries Zenith Bank has presence in, including Ghana, Sierra Leone, The Gambia, and a Representative Office in China. Speaking at a signing ceremony on Friday, November 24, 2023, Mr

By Adedapo Adesanya  The Central Bank of Nigeria (CBN) would likely direct banks to increase their capital base in the coming months as part of a new policy push towards a $1 trillion Nigerian economy. The Governor of the apex bank, Mr Olayemi Cardoso, said this while delivering his keynote address at the 58th Annual Chartered Institute of Bankers of Nigeria (CIBN) dinner in Lagos on Friday. The new CBN chief used the event to unveil the bank’s monetary policy thrust and economic outlook for 2024, following the cancellation of the Monetary Policy Committee (MPC) meeting for the quarter. “We

By Dipo Olowookere Members of the Kwara State Civil Service have been advised not to join the industrial action embarked upon by the labour unions in the state. The Kwara State Head of Service, Mrs Susan Modupe Oluwole, in a statement personally signed by her, reminded workers on the state government’s payroll of the implication of partaking in the action. According to her, the Kwara State government recently obtained a judgement from the Akure Zone of the National Industrial Court (NIJ) against the strike action by the labour, noting that anyone staying away from work was disobeying the court order.

By Adedapo Adesanya Nigeria’s inflation rate climbed to a fresh 18-year high on surging food prices and energy costs to 24.08 per cent in July, compared with 22.79 per cent in the prior month, according to the data published on the National Bureau of Statistics (NBS) website on Tuesday. Looking at the movement, the July 2023 headline inflation rate showed an increase of 1.29 per cent points when compared to June 2023 headline inflation rate. On a year-on-year basis, the headline inflation rate was 4.44 per cent points higher compared to the rate recorded in July 2022, which was 19.64

By Modupe Gbadeyanka The board of directors of the Nigerian Breweries Plc has scheduled Wednesday, February 15, 2017, for a crucial meeting. During the meeting, to be held in Lagos, the board will consider and possibly approve the audited financial statements of the company for the year ended December 31, 2016. Also to be considered, according to a statement signed by the company’s legal adviser, Uaboi Agbebaku, is the proposal for the payment of dividend. In the statement, it was disclosed that the company’s closed period, which commenced on December 15, 2016, will expire on February 15, 2017. The Nigerian

By Aduragbemi Omiyale The management of Red Star Express Plc has been commended by the Nigerian Exchange (NGX) Limited for striving hard to improve its earnings. This applause was given by the Divisional Head of Capital Markets at the NGX, Mr Jude Chiemeka, during a closing gong ceremony to commemorate the 30th anniversary of the company. At the event, Mr Chiemeka said the logistics firm had shown resilience in the face of a harsh operating environment, which was made worse by the COVID-19 pandemic of 2022. However, he advised the management of the organisation to leverage the robust platform offered

By Philip Odiakose In today’s rapidly evolving digital landscape, effective public relations strategies are more critical than ever for maintaining a strong brand presence and reputation. One indispensable tool that PR agencies can offer to clients is media monitoring and intelligence. This sophisticated resource empowers businesses to stay ahead of their competition, adapt swiftly to changing trends, and make data-driven decisions. In this article, we delve into the art of pitching media monitoring and intelligence services to clients, showcasing the value it brings to the table. Understanding the Basics Before diving into the pitch, it’s essential to have a clear

By Investors Hub The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to regain some ground following the sell-off seen in the previous session. The markets may benefit from bargain hunting, as traders pick up stocks at reduced levels after the steep losses posted on Monday. While the markets may show an initial rebound, trading activity may be somewhat subdued amid a quiet day on the U.S. economic front. Traders may look ahead to the release of the closely watched monthly jobs report on Friday as well as reports on private sector employment,

By Adedapo Adesanya The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to the promotion of Science, Technology, Engineering and Mathematics (STEM) education as part of a corporate strategy to develop the capacities of Nigerians for value-adding activities in the petroleum sector in the years to come. This was disclosed by its Executive Secretary, Mr Simbi Kesiye Wabote, while speaking at the presentation of prizes to winners of the 5th and 6th editions of the NTA Yenagoa Science Quiz Competition, sponsored by the board. Represented by the Manager of Corporate Corporations, Mr Esueme Dan Kikile, he said,

By Dipo Olowookere The major stock market indices in the Nigerian Stock Exchange (NSE), the All-Share Index and Market Capitalization appreciated by 0.34 percent this week to close at 25,250.37 points and N8.739 trillion respectively. Similarly, all other Indices finished higher during the week with the exception of the NSE Premium, NSE ASeM, NSE Banking, NSE Oil/Gas, NSE Lotus II, NSE Industrial Goods and NSE Pension indices that depreciated by 0.45 percent, 0.79 percent, 0.79 percent, 2.50 percent, 2.82 percent, 2.83 percent and 1.18 percent respectively. Also, 18 equities appreciated in price during the week, lower than 29 equities of