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2 weeks ago | 
independent.ng | Kingsley Ighomwenghian
LAGOS – Experts, on Thursday, in Lagos, concluded that with just five years to 2030, the target set by President Bola Tinubu for the size of Nigeria’s economy to hit $1 trillion is unrealistic based on realities on ground, one of which is energy security. Ahead of that target, the Central Bank of Nigeria (CBN), last November, directed the nation’s banks to raise their capital, a situation that has spiked recapitalisation exercises by some of the country’s banks since March.
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1 month ago | 
independent.ng | Kingsley Ighomwenghian
Independent Newspapers will on Saturday, March 15, 2025, from 5p.m hold its annual Independent Awards ceremony to celebrate distinguished men, women and institutions that made the year 2024 remarkable in their various spheres – economy, politics, leadership, as well as the arts and entertainment.
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2 months ago | 
independent.ng | Kingsley Ighomwenghian
…Appreciates Independent Award Buoyed by the success achieved in revenue collection that saw the Nigeria Customs Service (NCS) surpass the target of N5 trillion set for it in 2024 within just six months, Mr. Bashir Adewale Adeniyi, Comptroller-General of the Nigeria Customs Service (NCS), on Wednesday, in Abuja, assured that the agency is primed for fourteen-digits figure this year.
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2 months ago | 
independent.ng | Kingsley Ighomwenghian
Trading for the month of January on the Nigerian Exchange Limited (NGX) closed Friday, with the value of total equities listed thereon growing by N1.945 trillion, as gains by various stocks were complimented by the listing of new shares in the aftermath of recently concluded banking sector recapitalisation.
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Jan 15, 2025 | 
independent.ng | Kingsley Ighomwenghian
LAGOS – Equity investors on the Nigerian Exchange Limited saw their worth (market capitalisation) plummet by further N930.623 billion on Wednesday alone, as the market remained bearish on the back of continued profit taking for the fourth successive session.
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Jan 13, 2025 | 
independent.ng | Kingsley Ighomwenghian
Seventeen months after announcing plans to sell Federal Government stakes in state-owned enterprises on the Nigerian Exchange Limited, thereby raising what is popularly tagged ‘dead capital’ that could fund some of the budget deficits, the Ministry of Finance Incorporated (MOFI) is yet to announce a template for the orderly sale of shares in such public companies.
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Jan 13, 2025 | 
investdata.com.ng | Kingsley Ighomwenghian
Financial Liquidity Stays StrongBy Kingsley IghomwenghianTrading on the Nigerian Exchange Limited (NGX) carried over the bull-run of 2024, as the cumulative value of investors’ worth on the bourse (market capitalisation) increased by a robust N1.539 trillion iin the first seven trading sessions of 2025 (between January 2, when the trading resumed after the new year holiday, and Friday, January 10).
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Aug 26, 2024 | 
independent.ng | Kingsley Ighomwenghian
…Boardroom Squabble Threatens N350bn Recapitalisation Plan …Shareholders Ask Parties To Sheathe Sword, Differ On CBN’s Role For FBN Holdings Plc, parent company of 130-year old FirstBank, Nigeria’s oldest surviving bank, these are not interesting times, amid fear among minority shareholders following the raging fierce battle for ultimate control of the institution that once played the role of the country’s central bank prior to 1959.
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Aug 16, 2024 | 
independent.ng | Kingsley Ighomwenghian
From left: Fatai Tella, Chief Operating Officer, The Alternative Bank, Korede Demola-Adeniyi, Executive Director, South, The Alternative Bank; Muhtar Bakare, Chairman of the bank; Temi Dalley, Chief Human Resources Offucer, Sterling HoldCo; and Mrs. Abimbola Suleiman, Executive Director, ARM Pensions during the launch of The Alternative Bank Head Office Workspace and Marina branch in Lagos recently. The Alternative Bank has unveiled its head office and workplace to the media in Lagos.
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Jul 24, 2024 | 
independent.ng | Kingsley Ighomwenghian
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Zenith Bank Plc, on Wednesday sought the approval of the Nigerian Exchange Limited to to list 5,232,748,964 ordinary shares of 50 kobo each at N36.00 per share. The banks seeks to raise the estimated N188,378,962,704 only by way of rights on the basis of one new ordinary share for every six existing ordinary shares held as at the close of business on Wednesday, 24 July 2024.
