President Tinubu stands down 24-year-old nominee as chairman of agency
Business a.m.
October 20, 2023
Nigeria’s President Bola Tinubu has finally stood down the nomination of 24-year-old Imam Kashim Imam as the chairman of the board of directors of the Federal Roads Maintenance Agency (FERMA). Imam was on October 13 appointed by the president “for a renewable term of four (4) years, in accordance with Section 2(3) of the FERMA […]
Access Bank partners Visa to boost cross-border B2B payments
Isaac JayeolaOctober 18, 2023
Access Bank has announced a partnership with Visa, the world’s leader in digital payments, to enhance the efficiency of cross-border business-to-business payments for the bank’s corporate, commercial, and SME customers. Through this partnership, Access Bank will use Visa’s B2B Connect platform to send and receive payments to and from 110 countries around the world, improving […]
FBN Holdings to raise N139bn from rights issue
Onome AmugeOctober 17, 2023
By Onome Amuge. FBN Holdings Plc is seeking to raise N139 billion in additional capital through a rights issue, as disclosed in a notice from the Nigerian Exchange Limited (NGX) to trading license holders. The notice states that the lender’s stockbrokers, FBNQuest Securities, applied on the company’s behalf for the approval and listing of 8,973,823,198 […]
FCMB rolls out services to support customer wealth creation
Onome AmugeOctober 17, 2023
By Onome Amuge. FCMB has unveiled a range of financial solutions to help Nigerians in their journey to build wealth. The offerings, aimed at different stages of the wealth creation process, include savings, wealth management, pensions, estate planning, education, travel, advisory, and diaspora services. Target and premium savings accounts are tailored for upwardly mobile professionals […]
Oando chief seeks regional cooperation for a just energy transition.
Business a.m.October 17, 2023
Ainojie Irune, the chief operating officer of Oando Energy Resources, says he would like to see strong regional cooperation amongst African nations in order to accelerate the continent’s energy transition. The Oando Energy Resources chief made the call in Cape Town, South Africa, during his intervention and contribution at the recently concluded Africa Oil Week. […]
AFEX’s N100bn Commercial Paper fuels growth in the agribusiness sector
Onome AmugeOctober 16, 2023
By Onome Amuge. Nigeria’s leading commodities player,AFEX, has announced the listing of its N100 billion three-year Asset-Backed Commercial Paper Programme (CP Programme) on its exchange. This programme is designed to provide affordable financing solutions to agro-processors, with the aim of bridging the current $183 billion financing gap in the agricultural sector and enabling stakeholders to […]
Ambassador Hung says Vietnam ready for expanded trade, investment with Nigeria
Onome AmugeOctober 16, 2023
…highlights potential for enhanced trade for Nigerian investors By Onome Amuge. In an effort to strengthen economic ties and investment opportunities between Nigeria and Vietnam, Bui Quoc Hung, the Vietnamese Ambassador to Nigeria, has committed to enhancing trade relations and investment opportunities through innovative and practical measures to spur large-scale economic growth. Hung, during […]
Generative AI holds key to future of insurance innovation
Cynthia EzekweOctober 16, 2023
By Cynthia Ezekwe. The potential of generative AI to revolutionize the insurance industry is immense. By harnessing its ability to create new data based on existing data, insurance companies could speed up the process of pricing policies and processing claims, and even develop new products to better meet customer needs. Generative AI is a branch […]
Tinubu appoints new leadership to industry,trade and investment sector
Business a.m.October 13, 2023
Business A.M President Bola Tinubu has appointed 14 new chief executive officers of a number of agencies and parastatals under the federal ministry of industry, trade and investment. The appointments were announced in a statement issued by Ajuri Ngelale,the president’s Special Adviser on Media & Publicity, in Abuja. Ngelale stated that the appointments align with […]
Akwa Ibom raises expectations to pull out of worst unemployment states as Umoh leads Ibom-LED
BEN EGUZOZIEOctober 11, 2023
…Centre in line with Governor Eno’s Arise agenda Ben Eguzozie Expectations appear high among experts in entrepreneurship that Akwa Ibom State is on the road to becoming a training hub for young entrepreneurs. Should this happen, the recently established Ibom Leadership and Entrepreneurial Development Centre (Ibom-LED) led by newly appointed Ekaette Umoh, pioneer director-general, […]