CBN eyes 80% financial inclusion target by 2020
The Central Bank of Nigeria (CBN) has reiterated its plans to ensure that 80 per cent of Nigerians are captured in the financial equation of Nigeria by 2020. Read more
Access Bank, Diamond Bank shareholders approve merger
Shareholders of Access Bank Plc and Diamond Bank Plc on Tuesday unanimously approved the merger of both financial institutions aimed at creating a formidable force. Read more
NNPC Recovers N771m Forfeited Assets From Oil Marketers
The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it has recovered assets worth over N771million from some marketers, who had under-paid for petroleum products supplied to them from Petroleum Products Marketing Company (PPMC) Kaduna Depot. Read more
Dr. Bala Magaji – Director
Dr. Bala Magaji holds degrees in economics, banking and management (BSc – Econs, MSc – Banking and Finance, and PhD – Management). He worked in several banking institutions for about a decade and rose to be a senior manager before setting up shop as a financial and management consultant to many public as well as […]
Toki Mabogunje – Director
Toki Mabogunje is a business consultant interested in the growth of small and medium enterprises on the African continent.Toki Mabogunje has a degree in Law from the University of Ife, now Obafemi Awolowo University Nigeria, an LLM in International Business Law from the University of Exeter, England, Executive Management Training in Strategic Organization and Management […]
Chidi Anselm Odinkalu – Director
Described by a leading African newsweekly as “a leading member of the new generation of African legal minds” by Oxford University’s Ike Okonta as “one of Africa’s leading human rights lawyers”, Chidi Anselm Odinkalu heads the Africa Programme of the Open Society Justice Initiative and is the immediate past chairman of the National Human Rights […]
Osaro Eghobamien, SAN – Vice-Chairman
Osaro is one of the Founding Partners of Perchstone & Graeys. He is also the Managing Partner of the firm and currently leads its Dispute Resolution and Banking & Finance Group. He was admitted to practice in England and Wales in 1989 and later admitted to practice in Nigeria in 1991. He is renowned for […]
Mrs. Ibukunoluwa Awosika – Chairman
Mrs. Ibukun Awosika is a graduate of Chemistry from the University of Ife (now Obafemi Awolowo University, Ile-Ife). She is also an alumina of the Chief Executive Programme of Lagos Business School as well as the Global Executive MBA Programme of the prestigious IESE Business School, Barcelona, Spain. She is the founder of The Chair […]
Prof. Oluyemi Osinbajo, SAN – Co-Founder
Prof. Yemi Osinbajo, SAN became the Attorney General and Commissioner for Justice in Lagos State in 1999. Prior to that, he was a partner at the Law Firm of Osinbajo, Kukoyi & Adopaye, and Professor of Law and Head of Department of Public Law (1997 – 1999) at the University of Lagos. Prof. Osinbajo has […]
Nigerian, Canadian Firms in N7.2 Billion Telecoms Infrastructure Deal
Nigerian firm, Pan African Towers (PAT) Limited, has entered into a N7.2 billion ($20 million) telecoms infrastructure investments deal with Canadian firm, Watt Renewable Corporation. Read more
NEITI: Nigeria Lost $28bn to Outdated Crude Oil PSCs
For a period spanning over ten years, 2008 to 2017, Nigeria lost as much as $28 billion from crude oil due to outdated Production Sharing Contracts (PSCs) it signed with international oil companies (IOCs) operating in the country, the Nigeria Extractive Industries Transparency Initiative (NEITI), has disclosed. Read more
Nigeria’s foreign trade hits N32.26trn
The National Bureau of Statistics (NBS) has said Nigeria recorded a total trade value of N32.26 trillion year-on-year in 2018, representing 39.3 per cent increase over the corresponding period in 2017. Read more
Election Withdrawals: Banks Run To CBN To Cover Position
As the Presidential and National Assembly was concluded last week, there are strong indications that commercial banks in the country may be facing liquidity strain as more withdrawals were made than deposits in the weeks preceding the election. Read more
ABCON Sets N250/$ Exchange Rate Agenda For PMB
he Association of Bureaux de Change Operators of Nigeria (ABCON) has set N250 to dollar exchange rate agenda for President Muhammadu Buhari in his second term in office. Read more
Over $48bn investment opportunities exist in Nigeria’s oil industry — NNPC
The Nigerian National Petroleum Corporation, NNPC, Thursday, disclosed that there are currently over $48 billion investment opportunities in the Nigerian petroleum industry, while it called on foreign investors to tap into these opportunities. Read more
Refineries post N114.3bn loss in 11 months
Figures obtained from the Nigerian National Petroleum Corporation on Friday in Abuja showed that the Kaduna Refining and Petrochemical Company, Port Harcourt Refining Company and Warri Refining and Petrochemical Company made losses in the months under review. Read more
Foreign Trade Hits N32.26tn in 2018
Nigeria’s total merchandise trade increased by 39.31 per cent to N32.26 trillion (year on year) in 2018 compared to N23.16 trillion in 2017, according to the National Bureau of Statistics (NBS). Read more
Dangote emerges 64th richest man in the world
Billionaire businessman, Alhaji Aliko Dangote, has significantly moved up in the world billionaires’ list, as he emerged 64th richest person in the world. Read more
‘Production, inventories, others recorded slow growth in February’
Production level, new orders, supplier delivery time, employment level and inventories grew at a slower rate in February 2019. Read more
DANGCEM sells 23.54 metric tonnes of cement across Africa
Dangote Cement Industries Plc on Wednesday said it sold a total 23.54 metric tonnes (MT) of cement across Africa for the financial year ended December 31, 2018. Read more