Nigeria needs 27 million new jobs by 2030 to curb unemployment crisis - NESG

Nigeria, Oct. 7 -- Nigeria, Africa's most populous country, requires at least an additional 27 million jobs in the formal sector of its economy by 2030 to stem the tide of unemployment as its working-... Read More

Zenith Bank appoints Abdulazeez Kanya as independent director

Nigeria, Oct. 2 -- Zenith Bank Plc has announced the appointment of Abdulazeez Rislana Kanya as an independent non-executive director and the retirement of Henry Oroh as executive director. This was ... Read More

Stanbic IBTC appoints Group Chief Executive

Nigeria, Oct. 2 -- Stanbic IBTC Holdings Plc has named Chukwuma Nwokocha as its substantive group chief executive, effective 2 October, after receiving all required regulatory approvals. The company ... Read More

PenCom expands investment options, caps corporate exposure at 25%

Nigeria, Sept. 28 -- Nigeria's pension regulator has rolled out new guidelines that expand the range of permissible investments for retirement savings while tightening risk controls, including a cap t... Read More

First HoldCo appoints group company secretary

Nigeria, Sept. 26 -- First HoldCo Plc has appointed Abiola Baruwa as its new group company secretary, the company said in a filing to the Nigerian Exchange on Tuesday. According to the disclosure sig... Read More

Reforms: Naira could strengthen to N1,300 by year-end - BUA Chairman

Nigeria, Sept. 25 -- Abdul Rabiu, chairman of BUA Group, said he expects the naira to strengthen further this year as government reforms take hold, projecting that the exchange rate could fall between... Read More

CBN's interest rate reduction will spur growth - CPPE

Nigeria, Sept. 24 -- The Centre for the Promotion of Private Enterprise (CPPE) has praised the Central Bank of Nigeria's decision to ease credit conditions, describing it as a timely shift towards gro... Read More

CBN cuts interest rate to 27%

Nigeria, Sept. 23 -- Nigeria's central bank reduced its benchmark interest rate by 50 basis points to 27 per cent on Tuesday, ending a run of increases following an aggressive tightening cycle aimed a... Read More

Cardoso's CBN reforms restored confidence, but growth still constrained - CPPE

Nigeria, Sept. 23 -- The Centre for the Promotion of Private Enterprise (CPPE) has commended Central Bank of Nigeria (CBN) governor Yemi Cardoso for reforms that restored confidence in the financial s... Read More

CBN orders banks to name MD/CEOs' successors six months before exit

Nigeria, Sept. 17 -- The Central Bank of Nigeria (CBN) has directed all Domestic Systemically Important Banks to announce successors to their managing directors and chief executive officers (MD/CEOs) ... Read More

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