Business

Heirs Energies: Powering Nigeria’s Economy with Domestic Gas Supply ·       Sole Gas Supplier to Geometric Power Plant Heirs Energies, Africa’s leading integrated energy company, has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.   Heirs Energies is a leading provider of gas to the Nigerian National Grid, and already supplies TransAfam Power Limited, with a capacity of 966MW, and First Independent Power Limited (FIPL), with a capacity of 541MW. Heirs Energies also supplies gas to local distribution companies, gas-based industries, and other industrial customers. ...

Tony Elumelu in Global Academic Limelight as the Tony Elumelu Foundation Case Study becomes part of Harvard’s Curriculum    In an unprecedented move, the Harvard Business School, the graduate business school of Harvard University, is set to cast the spotlight on the Tony Elumelu Foundation (TEF), recognising the Foundation’s extraordinary ...

ACCESS HOLDINGS PLC ANNOUNCES THE APPOINTMENT OF MS. BOLAJI AGBEDE AS ACTING GROUP CHIEF EXECUTIVE OFFICER The Board of Directors of Access Holdings Plc (‘the Company’) has announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer of the Company following the unfortunate demise of its ...

Inflation to fall in 2024 — Cardoso The Central Bank of Nigeria’s governor Mr. Yemi Cardoso expects headline inflation to fall to 21.4 per cent in 2024. The apex bank’s governor disclosed this during his keynote speech at the launching of the Nigerian Economic Summit Group macroeconomic outlook report for ...

Emefiele: CBN sacks boards of Union, Titan, Keystone, Polaris banks The Central Bank of Nigeria (CBN) has, with immediate effect, sacked the entire Board of Directors of Polaris, Titan, Union and Keystone Banks. CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi ...

Nigerian banks, FinTechs to launch cNGN Stablecoin February 27 A consortium of Nigerian financial institutions, fintechs, and blockchain experts, the Africa Stablecoin Consortium (ASC) is set to launch a compliant Nigeria Naira (cNGN) stablecoin on February 27, 2024.   Nairametrics had first reported that Nigerian banks and FinTechs are collaborating to develop and ...

AAS CEO Jesam Michael Praise President Tinubu for Lifting Ban on Cryptocurrency… Advise Nigerians to Embrace AAS Token Leading Fintech expert in Nigeria, Jesam Micheal has applauded the President Tinubu Led government for the official lifting of the ban by the CBN on Cryptocurrency in Nigeria and charged the Nigerians ...

ZENITH BANK MAKES WORLD FINANCE 100 LISTING FOR 2023 Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat as the only Nigerian company in the prestigious and exclusive listing. Zenith Bank’s inclusion in this elite list underscores the bank’s ...

FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow      Bloomberg announced today that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank, has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into its workflow, FirstBank UK ...

Ecobank Shines At DBN Awards, Bags Three Laurels … Gets commendations from Stakeholders Ecobank Nigeria won 3 prominent awards signifying its’ support for MSME’s in Nigeria at this year’s Development Bank of Nigeria (DBN) Annual Service Ambassador Awards ceremony held in Lagos recently. The Bank bagged the following strategic awards ...