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Sterling Holdco to raise fresh $400 million through debt, equity instruments

Nigeria, May 19 -- Sterling Financial Holding Company Plc has announced plans to raise $400 million in fresh capital through a combination of debt and equity instruments, as part of resolutions to be ... Read More


NRS, JRB to implement Tax ID system

Nigeria, May 18 -- The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), has announced that it will commence implementation of the Taxpayer Identification (Tax ID) sy... Read More


CPPE cautions CBN against monetary tightening ahead of the MPC meeting

Nigeria, May 17 -- The Centre for the Promotion of Private Enterprise (CPPE) has warned the Central Bank of Nigeria (CBN) against excessive monetary tightening ahead of the 305th meeting of the Moneta... Read More


CPPE warns inflationary conditions remain severe for households, businesses

Nigeria, May 16 -- The Centre for the Promotion of Private Enterprise (CPPE) has warned that Nigeria's April inflation outlook points to a fragile disinflation process, noting that the conditions rema... Read More


How I was denied entry into South Africa - BUA Chair

Nigeria, May 16 -- The founder of BUA Group, Abdul Samad Rabiu, said South African authorities denied him entry because his visa expired a day before his arrival in 2025, while Europeans were reported... Read More


PenCom grants one-off approval for PFAs to invest pension funds in Dangote Petroleum Refinery

Nigeria, May 16 -- The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) a 'one-off' special approval to invest pension fund assets in the proposed Initial Public Off... Read More


CBN says Nigeria's foreign exchange turnover rises above $400m daily

Nigeria, May 16 -- The Central Bank of Nigeria has revealed that Nigeria's average daily foreign exchange turnover has risen to over $400 million, up from about $100 million recorded in 2023, reflecti... Read More


First Bank appoints new executive director

Nigeria, May 16 -- First Bank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Julius Omodayo-Owotuga as an Executive Director of the bank, effective 13 May. The appointment was di... Read More


Heirs Holdings' portfolio companies ranked among Africa's top 50 high-growth businesses

Nigeria, May 15 -- Heirs Holdings' three portfolio companies, Heirs Life Assurance, Redtech, and Heirs General Insurance, have been recognised in the Financial Times Africa's Fastest-Growing Companies... Read More


NCC warns telcos over poor network, assures improved service quality

Nigeria, May 14 -- The Nigerian Communications Commission (NCC) has assured Nigerians that ongoing investments and regulatory interventions in the telecommunications sector are beginning to improve se... Read More