Infrastructure Fund

United Capital Introduces N150bn Close-ended Infrastructure Fund

October 25, 2021
By Dipo Olowookere A close-ended fund worth N150 billion aimed to provide long-term financing for the delivery of critical infrastructure that would bridge the infrastructure deficits in Nigeria and sub-Saharan Africa has been introduced by United Capital Plc. A notice from United Capital said the Naira-denominated infrastructure fund has been registered with the Securities and Exchange Commission (SEC). Business Post
eNaira Speed Wallet

How to Download, Install, Operate eNaira (FULL DETAILS)

October 25, 2021
By Dipo Olowookere On Monday, October 25, 2021, the Central Bank of Nigeria (CBN) launched the much-awaited electronic Naira called eNaira. With the launch, Nigerians can now be able to download, install and use the mobile app to transact businesses across the country as long as there is an internet connection. Business Post is bringing to use the step-by-step process
Verdant Capital

Verdant Capital Urges MFS Africa, Baxi to Explore Nigerian SMEs Market

October 25, 2021
By Adedapo Adesanya Following, MFS Africa acquisition of Baxi to expand its network into Nigeria, Africa’s largest economy and perhaps its most fintech dynamic market, Verdant Capital, which advised on the transaction has further pushed for the partnership to take on the crucial Small and Medium Enterprises (SMEs). Nigeria is also the largest remittance market in Africa representing one-third of
crude oil prices

Nigeria Can Produce 3 million Barrels of Crude Oil—Minister

October 25, 2021
By Adedapo Adesanya Despite Nigeria’s infrastructural challenges to meet peak oil production, the Minister of State for Petroleum Resources, Mr Timipre Sylva, has said the country has the capacity to meet the 3 million barrels per day quota expected of the country by the Organisation of Petroleum Exporting Countries (OPEC). Mr Sylva said though the country currently produced about 1.3
uba-court-case-missing-account

UBA Announces Net Profit of N104.6bn in First Nine Months of 2021

October 25, 2021
By Dipo Olowookere In the first nine months of 2021, United Bank for Africa (UBA) Plc recorded a net profit of N104.6 billion, higher than the N77.1 billion reported in the same period of 2020. Before then, it posted a profit before tax of N123.4 billion in the period under consideration in contrast to the N90.4 billion achieved in the

Politics

Access Holdings1

Access Holdings to Raise $1.8bn in Expansion Push

March 29, 2024
By Adedapo Adesanya Access Holdings Plc plans to raise about $1.8 billion to expand its operations over the next four years as it targets becoming one of Africa’s largest financial institutions. According to Bloomberg, Access Holdings will raise $1.5 billion as part of a five-year growth plan that began last year. According to the bank’s executives during a conference call

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sec capital market

SEC Boss Assures Stakeholders of Robust Capital Market

By Dipo Olowookere Acting Director General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has assured stakeholders that her agency will continue to work towards making the Nigerian capital market very robust and world class. Ms Uduk gave this assurance
July 17, 2018

Fowler Tasks Other States to Emulate Enugu Tax System

By Dipo Olowookere Chairman of the Joint Tax Board (JTB), Mr Tunde Fowler, has challenged state governors in Nigeria to emulate measures put in place by Governor Ifeanyi Ugwuanyi of Enugu State in enhancing the efficiency and productivity of his state’s Board
July 17, 2018

Rivers Seals 9mobile Regional Office over N108m Tax

By Dipo Olowookere The Rivers State government has sealed the regional office of 9mobile in Port Harcourt, the state capital, over an alleged non-payment of Pay As You Earn (PAYE) taxes of expatriates on its payroll. The office, according to information, was
July 17, 2018
Treasury Bills

Buoyant System Liquidity Leaves Treasury Bills Market Bullish

By Dipo Olowookere Transactions at the secondary market for Treasury bills ended bullish on Monday as positive investor sentiment dominated the market. This occurred as buoyant system liquidity continued to support demand activities by investors at the T-bills space. This made the
July 17, 2018
wema bank mobile branch

Wema Bank Records Post-Tax Profit of N1.6b in 6 Months

By Dipo Olowookere Middle level Nigerian financial institution, Wema Bank Plc, on Monday released its financial statements for the first half of 2018. The lender, which prides itself as a leader in digital banking in the country, improved its profit after tax
July 16, 2018

China’s Economy Expands by 6.8% in H1 2018

By Dipo Olowookere Data released on Monday by the Chinese National Bureau of Statistics (NBS) showed that the nation’s economy expanded in the first half of 2018 by 6.8 percent. According to the stats office, the Gross Domestic Product (GDP) increased in
July 16, 2018