The Securities and Exchange Commission (SEC) has approved the book build for the proposed Access Bank Plc N15 billion Green Bond issuance. Following the approval, the book build, which commenced yesterday will be concluded within a week. This will be followed by funding of commitment by Friday, March 1, 2019. The Bond, a five-year Fixed Rate Senior Unsecured Green Bond ... Read More »

Zenith Bank expects loan volumes to return to growth this year after 2018’s decline, and is targeting higher activity in the agricultural sector, the bank said yesterday. The lender said it aimed to grow loans by 7.5 per cent in 2019 after they declined last year due to early repayments, saying borrowers were replacing overdrafts with term loans. It had ... Read More »

Senator Rafiu Ibrahim, the member representing Kwara South senatorial district at the National Assembly, has been arrested by the Police. Ibrahim, who is seeking a second term in office, was arrested by the Kwara State Police Command on Thursday. The Senator’s arrest is coming less than 24 hours to the rescheduled presidential and National Assembly elections. Newsthumb  learnt that Ibrahim ... Read More »

By Akanimo Sampson Ambassador Desmond Akawor, the Director-General of the Peoples Democratic Party (PDP) Campaign Council in Rivers State has alerted Nigerians and the international community of an alleged plot by the All Progressives Congress (APC) to violently prevent the general elections from holding in the state. Akawor who was speaking in Port Harcourt, the state capital, said last January ... Read More »

The National Bureau of Statistics ( NBS ), said Nigeria generated N298.01 billion from Value Added Tax (VAT) in fourth quarter, 2018. NBS said this in a Sectoral Distribution of VAT report for the fourth quarter, 2018 posted on its website. The News Agency of Nigeria reports that VAT is a consumption tax placed on a product whenever value is ... Read More »

L-R: Head, Savings Group, Janet Nnabuko; Head, Strategy & Business Transformation, Adetunji Mustapha; Representative from Consumer Protection Council (CPC), Susie Onwuka; Executive Director, Shared Services & Products, Chijioke Ugochukwu; Representative from National Lottery Regulatory Commission, Amaka Osakwe; Representative from Lagos State Lotteries Board, Rowland Samuel at the 4th Monthly/2nd Bi-Monthly Draw of Fidelity Bank Get Alert in Millions Season 3 ... Read More »

Zenith Bank Plc has reported a growth of 16. 2 per cent in its profit before tax (PBT) as well as 11.3 per cent growth in profit after tax (PAT) for the year ended December 31, 2018. According to the audited results made available yesterday, the lender recorded a decline in gross earnings from N745.189 billion in 2017 to N630.344 ... Read More »

The presidential candidate of the People’s Democratic Party (PDP) Atiku Abubakar and PDP national chairman, Prince Uche Secondus, have urged the military and other security agencies not to obey the presidential order asking them to deal ruthlessly with would-be ballot box snatchers. The party chieftains described the order as unlawful, insisting that there are enough provisions in the nation’s laws ... Read More »

  The Chairman of Ogbomoso North Local Government Area of Oyo State, Hon. Olamiju Alao-Akala, has been suspended from office. He is the son of former governor and governorship candidate of the Action Democratic Party (ADP) Otunba Adebayo Alao-Akala. Olamiju was elected chairman along with 56 others on the platform of the All Progressives Congress (APC). But he dumped the ... Read More »

Vice President Yemi Osinbajo on Tuesday met with Senator Kabir Marafa to broker peace between the two factions in the All Progressives Congress (APC) in Zamfara State. The APC in Zamfara State has been embroiled in a dispute over the party’s primaries in the state, which led to uncertainties over participation of the party’s candidates in governorship, national assembly and ... Read More »