*Banks are in good stead to meet CBN’s recapitalisation target – ACAMB*
*Banks are in good stead to meet CBN’s recapitalisation target – ACAMB* The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has assured the banking public that banks in the country have the wherewithal to meet the Central Bank of Nigeria (CBN) recent directives on recapilitalisation of the sector. The Association in a statement signed and released by its president, Rasheed Bolarinwa on Sunday said ACAMB had always affirmed its support for the CBN’s recapitalisation moves. Recall that the Olayemi Card…
ZENITH BANK EMERGES NIGERIA'S BEST BANK FOR THE FOURTH YEAR IN THE LAST FIVE AT GLOBAL FINANCE AWARDS 2024
ZENITH BANK EMERGES NIGERIA'S BEST BANK FOR THE FOURTH YEAR IN THE LAST FIVE AT GLOBAL FINANCE AWARDS 2024 Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best Bank Awards Winners. The editors of Global Finance made the selections after extensive consultations with corporate financial executives, bankers a…
Nestlé Nigeria and Ogun State Government Collaborate to Champion Sustainable Water Practices on World Water Day 2024
Nestlé Nigeria and Ogun State Government Collaborate to Champion Sustainable Water Practices on World Water Day 2024 To commemorate World Water Day 2024 with the theme “Water for Peace,” Nestlé Nigeria, the Ogun State Government and the Ogun-Osun Water Basin Authority organised an event to raise awareness about the importance of water conservation and responsible water management practices. The event which took place in Abeokuta, highlighted the role of Public-Private Partnership, (PPP) to spur collective action towards a water-secure futur…
Hunger Alleviation: Dangote’s over 1 million rice gets to 17 states
Hunger Alleviation: Dangote’s over 1 million rice gets to 17 states So far, 17 states have received their shares of the over 1 million 10kg rice, being distributed by the Aliko Dangote Foundation (ADF), across the 774 local governments in Nigeria Managing Director and Chief Executive Officer of the ADF, Zouera Youssoufou, said the Foundation would ensure that all the local governments in Nigeria get their shares of the rice before the end of the Ramadan period. Zouera Youssoufou, said, that the Foundation is partnering with credible NGOs, …
Stanbic IBTC Bank Nigeria PMI®: Record increase in selling prices
Stanbic IBTC Bank Nigeria PMI®: Record increase in selling prices The impact of currency weakness on the Nigerian private sector was evident again in March. Purchase costs rose at the sharpest rate on record, meaning companies increased their own selling prices at an unprecedented pace. The rate of expansion in business activity ticked higher, but steep price rises acted to limit demand and the pace of new order growth eased to a four-month low. Meanwhile, employment decreased for the second month running. The headline figure derived from the …
Eko Disco MD Sanda Celebrates Two Years Of Outstanding Achievements, Says “When They Go Low, We Go High”
Eko Disco MD Sanda Celebrates Two Years Of Outstanding Achievements, Says “When Go Low, We Go High” The Managing Director of Eko Electricity Distribution Company (EKEDC) Plc, Dr, Tinuade Sanda, has reeled out her outstanding achievements as she clocks two years in her position on March 30, 2024. Put between conflicting interests of Shareholders, THEWILL recalls the recent controversy surrounding Sanda’s position as MD at Eko Disco. But Sanda, who remains defiant in her position as she looks forward to March 30th to mark her two years as the MD…
Access Holdings Announces US$1.5 Billion Capital Raising Programme
Access Holdings Announces US$1.5 Billion Capital Raising Programme ... Targets N365 billion by way of a Rights Issue as subset of Programme Lagos, Nigeria – March 28, 2024: Access Holdings Plc, one of Africa’s leading financial groups, has unveiled plans to establish a Capital Raising Programme of up to US$1,500,000,000.00 (One Billion, Five Hundred Million United States Dollars) or its equivalent (‘the Programme’). The Programme aims to enhance the Group's financial strength through the issuance of various financial instruments such…
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