Segun Alabi Moves From CIoD To MAN

“I am excited to join MAN and indeed, it’s a dream come true.” The Manufacturers Association of Nigeria (MAN), has announced the appointment of Segun Alabi as its new Assistant Director Corporate Affairs and Communications (Corporate Services). Prior to his appointment, Segun Alabi was the Head, Corporate Affairs and Programs at the Chartered Institute of…

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Nigeria fourth Contributor to intra-Africa trade – Report

The Afreximbank’s Africa Trade Report 2024, titled ‘Climate Implications of the AfCFTA Implementation,’ ranked Nigeria as the top fourth contributor to intra-Africa trade, following South Africa, Cote d’Ivoire and Egypt for 2023. In the report, Nigeria’s intra-Africa trade decreased in 2023 by 2.1 percent to $8 billion from $8.2 billion in the previous year. “This…

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First Bank , General Hydrocarbons’ Stakeholders In Suspense of $225.8m Debt Resolutions

▪︎UGC image credit: Arise News TV SHAREHOLDERS,  Customers, investors, and  other stakeholders of First Bank of Nigeria (FBN) and that of  General Hydrocarbons Ltd, are waiting for the outcome of a $225.8m loan disputes between the two companies. General Hydrocarbons Limited and First Bank of Nigeria Limited are currently  at the Federal High Court in…

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Nigerian Banks Begin Fresh Rounds of Recapitalisation

In Summary▪︎Global Banks N500bn▪︎National Banks N200bn  ▪︎Regional Banks N50bn    ▪︎All banks are required to meet the minimum capital requirement within 24 months commencing from April 1, 2024, and terminating on March 31, 2026 The Central Bank of Nigeria has announced the increase in the capital base of commercial banks with international authorisation to N500 billion…

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