Guaranty Trust Holding Company Plc has strengthened the capital base of its banking subsidiary, Guaranty Trust Bank Limited, with an injection of N365.9bn, ensuring compliance with the Central Bank of Nigeria’s revised minimum capital requirement for lenders operating internationally.The holding company, in filings to the Nigerian Exchange Limited and the London Stock Exchange on Friday, […]
Read More
Lafarge Africa Plc has introduced EcoCrete, Nigeria’s first low-carbon ready-mix concrete, as part of its drive to promote sustainable building practices and reduce carbon emissions in the construction industry.In a statement, the building solutions company said EcoCrete achieves at least a 20 per cent reduction in CO₂ emissions compared to conventional CEM I concrete, without […]
Read More
Telecom operator T2, formerly known as 9mobile, has signed a multi-million-dollar agreement with Chinese technology giant Huawei to overhaul its core network as part of a broader strategy to revive its operations and reclaim relevance in Nigeria’s $75 billion telecom market. The deal, announced during T2’s brand relaunch event in Lagos, is the company’s first […]
Read More
Coronation Asset Management has officially listed the Coronation Infrastructure Fund on the Main Board of the Nigerian Exchange , a development expected to broaden opportunities for infrastructure financing and deepen Nigeria’s capital market.The listing covers 87.9 million units, priced at N100 each, bringing the total value to N8.79 billion. As the country’s largest Series I […]
Read More
Zabira Technologies, a digital assets exchange platform, has announced a major rebrand as it marks six years of operations, unveiling its new identity as “The People’s Wallet.”The company, which began in 2019 as a simple wallet solution, has since grown into a versatile digital payments and asset exchange hub. Today, Zabira provides a wide range […]
Read More
Agusto & Co. has announced the upgrade of Axxela Limited’s corporate rating from ‘A’ to ‘Aa-’ with a stable outlook, a development that places the energy company among the highest-rated corporates in Nigeria. The credit rating agency explained that the decision reflects Axxela’s strong financial fundamentals, prudent capital structure, and consistent track record in delivering […]
Read More
Nigerian independent oil and gas company, Heirs Energies, is set to take a prominent role at the African Energy Week (AEW) 2025: Invest in African Energies, where it will spotlight its growth journey, production achievements, and ambitious expansion strategy across the continent. The conference, scheduled for September 29 to October 3 in Cape Town, South […]
Read More
Aradel Holdings Plc has strengthened its alignment with the Federal Government’s gas sector reforms and domestic energy policy by signing a Gas Supply Agreement to deliver additional gas volumes to Nigeria Liquefied Natural Gas Limited (NLNG). The agreement was executed through Aradel Gas Limited, a wholly owned subsidiary of the company, in collaboration with Shell […]
Read More
The South African Reserve Bank (SARB) has taken a major step in reshaping the nation’s financial ecosystem by allowing non-bank fintechs direct access to the National Payment System (NPS) — the infrastructure that underpins clearing, settlement, and transactions across the economy. This marks the first time fintechs, including mobile money operators and wallet-based platforms, will […]
Read More
Schneider Electric is expanding its support for Nigeria’s technology sector by equipping local IT partners with the tools to build and manage secure, scalable, and energy-efficient infrastructure for artificial intelligence (AI). As AI adoption grows across industries including banking, telecommunications, healthcare, and manufacturing, demand for robust infrastructure has intensified. Schneider Electric says its EcoStruxure™ platform […]
Read More
