Business - THEWILL NEWS MEDIA

Nigeria To Raise $1bn In External Borrowing Through Eurobonds Issuance

Felix Ifijeh, THEWILL — Thu, 14 Mar 2024 13:32:18 +0000

March 14, (THEWILL) – Nigeria Plans to raise a total of $1 billion in external borrowing through the issuance of Eurobonds. Ahead of the Eurobond issuance, the Federal Government has contracted Citibank NA, JPMorgan Chase & Co, and Goldman Sachs Group Inc., to guide it and ensure the bonds are well managed and achieve its […]

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Heirs Technologies appoints Obong Idiong as Chief Executive Officer

Sam Diala, THEWILL — Thu, 14 Mar 2024 12:54:19 +0000

March 14, (THEWILL) – Heirs Technologies, a leading digital transformation company, has announced the appointment of Obong Idiong as its Chief Executive Officer. Idiong brings considerable experience in the technology sector and a visionary approach to this role. Prior to joining Heirs Technologies, he served as the MD/CEO at Africa Prudential Plc, where he spearheaded […]

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Access Holdings Plc Announce Return of Aig-Imoukhuede as Chairman after 10 Years

Sam Diala, THEWILL — Wed, 13 Mar 2024 20:57:12 +0000

March 13, (THEWILL) – Access Holdings Plc has announced the return of Mr. Aigboje Aig-Imoukhuede, CFR as its Non-Executive Chairman of the group. Mr. Aig-Imoukhuede replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director. “This visionary and accomplished leader is bringing an outstanding record […]

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IWD: Grant Thornton Releases 20-year Women in Business Report

THEWILL. — Wed, 13 Mar 2024 19:24:53 +0000

March 13, (THEWILL) – Leading global management consulting firm, Grant Thornton, has released a 20-year Women in Business report which identifies three ways businesses can increase the number of women in senior roles. The report is coming at a time when the percentage of women in senior management roles globally has increased from 19.4 percent […]

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CBN Warns Banks, Authorised Dealers Against Use of Outdated Circulars, Guidelines

Sam Diala, THEWILL — Wed, 13 Mar 2024 17:43:43 +0000

March 13, (THEWILL) – The Central Bank of Nigeria (CBN} has frowned against the use of outdated circulars and guidelines by Deposit Money Banks, DMBs, Licensed Non-interest banks and other authorized dealers at its discount. The CBN has, therefore, directed them to use new (reviewed) circulars and guidelines in their dealing. . The apex bank […]

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NCC, Swedish Govt Pledge to Depeen Partnerships

Sam Diala, THEWILL — Wed, 13 Mar 2024 15:33:47 +0000

March 13, (THEWILL) – The Nigerian Communications Commission (NCC) has expressed its resolve to work with the Swedish government. The NCC Executive Vice Chairman/CEO, Dr Aminu Maida, disclosed this when he received the Swedish Ambassador to Nigeria, Her Excellency, Annika Hahn-Englund, in his office in Abuja. Maida, who promised to leave nothing to chance to […]

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NCDMB Lauds Tinubu’s Oil Sector Executive Orders

Sam Diala, THEWILL — Tue, 12 Mar 2024 21:45:03 +0000

March 12, (THEWILL) – The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Felix Omatsola Ogbe on Monday applauded President Bola Ahmed Tinubu for announcing three Presidential executive orders. The orders were directed at incentivizing the Nigerian oil and gas industry, encouraging new investments in the sector, reducing contracting costs and timelines, […]

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CBN Lacks Liquidity to Support Naira, More Borrowing Inevitable – EIU

Sam Diala, THEWILL — Tue, 12 Mar 2024 07:24:03 +0000

March 12, (THEWILL)- The Central Bank of Nigeria (CBN) faces a significant liquidity crisis in supporting the naira, and must embark on more borrowing as a way out. This is on the heels of nearly $20 billion of its $33 billion in foreign reserves is tied up in various derivative deals. This is according to […]

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Ecobank Signs $250m Bridge-to-Bond Loan with Afreximbank and AFC

Sam Diala, THEWILL — Tue, 12 Mar 2024 07:07:31 +0000

March 12, (THEWILL)- Ecobank Transnational Incorporated (ETI) has signed a $250 million senior unsecured bridge-to-bond loan facility, with African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) serving as the Global Coordinators and Initial Mandated Lead Arrangers. The purpose of the loan is to support trade finance and fulfil the general corporate needs of ETI. […]

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Heirs Holdings to Lead Africa’s Digital Evaluation, Launches Heirs Technologies

Sam Diala, THEWILL — Tue, 12 Mar 2024 07:05:07 +0000

March 12, (THEWILL)- Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions. Heirs Technologies endeavours to provide value added services that capitalise […]

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