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Nigeria loses N2.5trn to maritime logistics inefficiencies—TT

Nigeria loses N2.5trn to maritime logistics inefficiencies—TT

By Godwin Oritse Truck Transit Parks  (TTP), promoters of the Electronic Call-up System (ETO), have revealed that Nigeria has lost over N2.5 trillion to inefficiencies in maritime transport logistics. The firm stated that investment in transport infrastructure and technology remains critical to unlocking the full trade potential of Nigeria’s ports, highways, and the wider regional […]

Femi Otedola increases stake in First HoldCo by N2.01 bn

Femi Otedola increases stake in First HoldCo by N2.01 bn

By Peter Egwuatu Femi Otedola, a significant shareholder and chairman of First HoldCo Plc, has increased his stake in the company with the acquisition of additional 64,878,668 million shares valued at N2,011,238,708. FBN Holdings disclosed the acquisition in two separate documents as required by the post listing requirement of the Nigerian Exchange Limited (NGX). According to […]

PenCom guides PFAs on securities lending, repurchase transactions

PenCom guides PFAs on securities lending, repurchase transactions

By Yinka Kolawole, with agency report The National Pension Commission (PenCom) has introduced a framework to guide pension fund administrators (PFAs) on engagement in securities lending and repurchase transactions (repos). Securities lending is a  transaction where securities are temporarily transferred from a lender to a borrower, typically in exchange for a fee or collateral, while Repos are the […]