Author: Marketforces Africa

The naira rallied marginally on Thursday as the volume of the US dollar at the Nigeria autonomous foreign exchange

We’ll Continue to Use Technology to Bridge Financial Inclusion Gap -Moniepoint CEO Given the critical importance of financial inclusion to national development and building a sustainable economy, Group CEO Moniepoint Inc., Tosin Eniolorunda, has reaffirmed his organization’s resolve to increase financial inclusion and drive the adoption of technology by the underserved consumers in the country. The Moniepoint boss was speaking on the sidelines of the 16th edition of Leadership Newspapers Conference and Awards, where Moniepoint Inc. received an award as the Fintech Company of the Year. The event, which took place at the Congress Hall of the Transcorp Hilton Hotel,…

The House of Representatives Committee on Shipping Service has proposed the establishment of a maritime bank

Heirs Technologies Names Obong Idiong CEO Heirs Technologies Limited has announced the appointment of Obong Idiong as its Chief Executive Officer. The company said Idiong brings considerable experience in the technology sector and a visionary approach to this role.  The company said prior to joining Heirs Technologies, he served as the MD/CEO at Africa Prudential Plc, where he spearheaded the digital transformation of its registrar services and repositioned the company as an agile and technology-driven organisation.  Idiong has held a series of senior management roles, including at the United Bank for Africa Plc and Heirs Holdings Limited. Heirs Technologies, a…

Aig-Imoukhuede Returns to Access Holdings as Chairman Access Holdings Plc has announced the return of Access Bank’s pioneer Group Chief Executive Officer (Group CEO), Mr Aigboje Aig-Imoukhuede, as its Non-Executive Chairman. Mr Sunday Ekwochi, Company Secretary, Access Holdings, said this in a disclosure sent to the Nigerian Exchange in Lagos. Ekwochi said that Aig-Imoukhuede would replace Mr Abubakar Jimoh, the erstwhile Chairman of the Holdings, who remains on the board as an Independent Non-Executive Director. He stated that the return of Aig-Imoukhuede was in response to the untimely passing of the immediate past Group CEO of Access Holdings, Dr. Herbert…

IMF Initiates Selection Process for Next Managing Director The International Monetary Fund (IMF) has commenced the process of selecting its next managing director, according to an official release. The move is coming ahead of expiration of its current managing director, Kristalina Georgieva, who has served since Oct.1, 2019. In an official statement, the Coordinators of the Executive Board, Mr. Afonso S. Bevilaqua and Mr. Abdullah F. BinZarah, said that the multilateral lender has adopted an open, merit-based, and transparent process for the selection of the next managing director, similar to the one used in recent rounds.”. The Executive Board underscores…

Jaiz Bank Plc plans to generate approximately N5 billion in net profit in the second quarter

305 Youths Graduated from Dangote Cement Empowerment Programmes No fewer than 305 youths from the Dangote Cement Ibese plant’s 17 host communities have so far been trained and empowered with multi-million Naira start-up packs in different vocations since the commencement of operations by the Cement Company in Ibese, the Company management has disclosed. This is just as the Ogun State government lauded the efforts of Dangote Cement in complementing the state’s poverty alleviation programmes describing the company as a worthy partner. Acting Plant Director of the Ibese Cement Plant, Mr. Michael Johnson made the disclosure during the closing ceremony of…

The Federal Government has announced plans to organise an agriculture and food security summit

Senate on Tuesday explained that the N3trillion alleged to be padded in 2024 budget was statutory transfers