The value of the naira against the US dollar on Thursday continued to rise steadily, adding N18 to settle at 1,382/$ at the official market. As a result, the Federal Government warned currency speculators, threatening to burn their fingers if they committed acts of patriotism against the national currency. The …
Read More »Access Bank moves to acquire National Bank of Kenya
Sunday Monday The Access Holdings Plc has entered into a binding agreement with Kenyan-based KCB Group Plc for the acquisition of the entire issued share capital of National Bank of Kenya Limited.The deal will see Access Holdings’ 100% acquisition of the Kenyan national bank from KCB which is also the …
Read More »PwC, FCMB, others shine at DealMaker Africa award
By Chibuzor Alli PwC Nigeria and First City Monument Bank were among the companies honoured at the 2024 DealMaker Africa Award. The event, which marks the first in Nigeria since it was launched in South Africa in the year 2000, was held at Ebonylife Place, Victoria Island, Lagos, on Saturday. …
Read More »Nigeria’s inflation soar, hits 31.70%
Nigeria’s inflation rate rose to 31.70 percent in February from 29.90 percent recorded in January 2024. This figure indicates an increase of 1.80 percent, the National Bureau of Statistics said in its latest CPI and inflation report released on Friday. This indicates that in February 2024, the rate of increase …
Read More »