CBN grants JPMorgan approval-in-principle to establish merchant bank
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited.
NNPC’s Baru rushes back home to battle fuel queues
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Kacalla Baru, Tuesday, cut short his trip to London, as concerns increased over the sudden fuel queues nationwide
Nigeria’s used-car market faces deep technological disruption
Technology is fast becoming a major influencer of the already thriving used-car market in Nigeria hence disrupting the entire value chain of auto business in the country. Nigeria spends an estimated 1.2 trillion Naira on importation of vehicles as recent statistics has shown.
Stanbic IBTC facilitates N6bn facility to Kellogg Tolaram
STANBIC IBTC Bank and Stanbic IBTC Capital have facilitated a N6 billion medium term facility to Kellogg Tolaram Nigeria Limited to finance the construction of a new cereal manufacturing plant in the Lekki Free Trade Zone, Lagos.
Moody’s raises fresh concern over FG’s credit profile
Moody’s Investors’ Services, a global credit rating agency, has said that Nigeria’s credit profile at B2 Stable is constrained by the country’s continued exposure to shocks, weak institutions and elevated deficits.
Great Place To Work expands network
Great Place To Work, a global research, consulting and training firm, plans to reach 1000 customers in 12 African countries within the next five years.
