By Obas Esiedesa, Abuja The Securities and Exchange Commission (SEC) yesterday disclosed that the Federal Government (FG) has issued six Sovereign Sukuk worth N1.1 trillion ($657.6M), to finance 124 Federal road projects covering over 5,820 kilometers across the six geopolitical zones of the country.  SEC’s Director General, Dr. Emomotimi Agama, stated this during the ongoing 2nd […]

By Peter Egwuatu  Access Holdings Plc has announced that its banking subsidiary, Access Bank Plc has entered into a binding agreement with South Africa-based Bidvest Group Limited for the acquisition of a 100% equity stake in Bidvest Bank Limited. According to a statement from Access ”this agreement reflects the Bank’s commitment to strengthening its footprint in […]

By Elizabeth Adegbesan Revenue generated from rail transport fell by 4.7 percent year-on-year (YoY) to N2.19 billion in the third quarter of 2024 (Q3’24), from N2.3 billion in the corresponding period of 2023, Q3’23. The National Bureau of Statistics, NBS, disclosed this yesterday in its Rail Transportation Data for Q3’24. The breakdown of the revenue […]

By Peter Egwuatu  The stock market sustained  the bullish trend last week, ahead of January effects that had turned a positive pattern and trends on the Nigerian Exchange, NGX in recent year. Apparently, higher inflow of funds from both domestic and foreign investors boosted the market following the buying sentiments across some major sectors. The market […]

By Dele Sobowale “Nigeria is no longer a potentially big market for multinationals. It is now increasingly regarded as a poor and declining economy.” Nigerian businessman who recently returned from Europe. Lafarge, formerly  West African Portland Cement, is one of the latest companies in Nigeria, whose core investors have thrown in the towel, after P&G […]