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SEC grants fresh licences to BGL firms, clears return to capital market operations

SEC grants fresh licences to BGL firms, clears return to capital market operations

By Peter Egwuatu The Securities and Exchange Commission (SEC) has granted fresh approvals to three companies within the BGL Group, authorising them to resume operations across key segments of the Nigerian capital market. The approvals, contained in separate letters issued by the Commission, covering  BGL Securities Limited, BGL Capital Limited and BGL Asset Management Limited, allows […]

Marketers retain high petrol prices as crude oil crashes to pre-war level

Marketers retain high petrol prices as crude oil crashes to pre-war level

By Obas Esiedesa & Ediri Ejoh Oil marketers across Nigeria have continued to sell Premium Motor Spirit (PMS), popularly known as petrol, at elevated prices despite a sharp decline in global crude oil prices to levels recorded before the outbreak of the US-Iran conflict. Brent crude, the international benchmark against which Nigeria’s oil is priced, fell […]

FirstBank backs Imo State’s OKOBI  initiative to boost jobs

FirstBank backs Imo State’s OKOBI  initiative to boost jobs

By Babajide Komolafe FirstBank has thrown its weight behind the Imo State Government’s One Kindred One Business Initiative (ÓKÓBÌ), a community-based entrepreneurship programme designed to stimulate job creation, expand financial inclusion and promote sustainable wealth creation through collective business ownership. The bank said its support aligns with its commitment to empowering small and medium enterprises, deepening […]

N1.92trn credit crunch threatens Nigeria’s industrialisation drive – MAN

N1.92trn credit crunch threatens Nigeria’s industrialisation drive – MAN

By Yinka Kolawole The Manufacturers Association of Nigeria (MAN) has raised concerns over the sharp decline in bank credit to the manufacturing sector, warning that the development could undermine industrial growth, worsen unemployment and jeopardise the implementation of the Nigeria Industrial Policy (NIP) 2025. In a statement issued yesterday, MAN Director-General, Segun Ajayi-Kadir, noted that […]