7
Sep
September 7, 2023
| NGX urges banks to embrace ESG for global competitiveness •Index dips by N27b amid profit-taking in 21 stocks – Guardian |
| Following Nigeria’s commitment to adopt the International Sustainability Standards Board (ISSB), Chief Executive Officer of NGX Regulation Limited (NGX RegCo), standards, Tinuade Awe, said there is a need for Nigerian banks to swiftly integrate environmental, social and governance (ESG) principles into their business model. Awe said doing so would give them a competitive edge in the global market…… …….. ………………… … .. …… .. …. . ……….. ………. …………. . ….. . … …………….……..Read More |
‘Nigeria offers best returns on investment’ – The Nation |
| Nigeria offers the best returns on investments, President Bola Ahmed Tinubu told some Indian investors at a business roundtable yesterday in New Delhi, India. He urged the businessmen to take advantage of the array of opportunities to invest in Nigeria. The Presidential Roundtable and Business Conference was organised……… ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Yuguda: Banks’ Growth Hinges on Capital Market Regulatory Framework – Thisday |
| The Director General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, has expressed that the remarkable growth witnessed in the Nigerian banking industry over the past decade is partly attributable to the capital market and commission comprehensive regulatory approach. Yuguda, said this at the 2023 Chartered Institute of Bankers (CIBN) graduates induction and prize award recently held in Lagos….,….. …….., . … …………….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
MTN commits to Nigeria’s net zero target, lowers energy cost by N570m – Guardian |
| Technology firm, MTN is investing in green energy technologies to achieve Nigeria’s 2050-2070 net zero target. MTN said this move would help to reduce emissions thus helping Nigeria achieve its net zero commitments. The firm, which disclosed this in its 2023 climate change report, said it is partnering with a renewable energy Independent Power Producer (IPP)……. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Still on Oando’s Audacious Moves to Grow Asset Portfolio – Thisday |
| In what looks like a precursor to the anticipated gale of acquisitions in the nation’s oil industry under the current political dispensation, the public disclosure of the planned acquisition of the Nigerian Agip Oil Company (NAOC), a subsidiary of Italian energy group, Eni, by Oando Plc, a Nigerian multinational energy company operating in the upstream, midstream and downstream, is set to break the glass ceiling in the history of acquisitions for value in Nigeria.. ……. …. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Stakeholders score Cutix high as Nwosu retires from board – Guardian |
| Stakeholders have scored Cutix Plc for its successful operations in the country in the last 40 years despite the prevailing harsh economic conditions. Cutix Plc is a Nigerian company that specialises in the production and distribution of electrical, automotive and telecommunication wires, cables, and related products… ……. …. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
AGM: Hearing Stalls in Suit Filed by Aggrieved FBN Holdings Shareholders – Thisday |
| Hearing in the suit filed by three aggrieved shareholders of FBN Holdings Plc over the Annual General Meeting (AGM) of the company held on August 15, 2023, was stalled yesterday, as Justice Akintayo Aluko of the Federal High Court in Lagos, directed parties to address him on whether he coul proceed with the case, in view of the Notice of Appeal seeking stay of proceedings on the matter.. ……. …. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |
Sterling GMD, directors buy N514m additional shares – Punch |
| The directors of Sterling Financial Holdings Company Limited, have continued to mop- up its shares, thereby expressing confidence in the viability of the financial institution. The most recent insiders dealings carried out by four of the directors of the Holding Company, among which is the Group Managing Director and Chief Executive Officer of Sterling Financial Holdings Company Plc, ……. …. ….:,….. … ……….. .. …….. . ……… .., … .. .,……. .. …… . ….. . … …………….……..Read More |