Business and Economy
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Afreximbank delivers exceptional financial results in 2023 amidst a challenging operating environment; Results well ahead of expectations
CAIRO, Egypt, April 5, 2024 African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the…
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Transcorp Power Plc releases audited FY2023 results; Grows topline by 57.03%; Profit by 75%; Declares dividend of N3.13.
Ughelli, Delta State, April 01, 2024 Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational…
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StanbicIBTC declares N2.20 dividend to shareholders
By Rukayat Adeyemi Lagos, April 4, 2024 StanbicIBTC Nigeria PLC has declared to pay its shareholders a final dividend of…
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NLNG inaugurates twin theatre suite at Jos University Teaching Hospital
Jos, April 3, 2024 The Nigeria Liquefied Natural Gas Limited (NLNG ), through its Hospital Support Programme (HSP), has inaugurated…
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Transcorp Hotels Plc delivers strong performance in 2023
… With 36% Year-on-Year Revenue Growth Transcorp Hotels Plc (“Transcorp Hotels” or the “Company”), the listed hospitality subsidiary of Transnational…
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Zenith Bank named Nigeria’s Best Bank for 4th year in last 5 at Global Finance Awards 2024
Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning…
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SERAP gives Sani, Wike, others 7 days to publish loan agreements, account for N5.9trn, $4.6bn loans
Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory,…
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Nigerian economy records over $1.5 billion inflow post-CBN MPC
…Naira Trades N1,309/$1 At NAFEM ABUJA The Central Bank of Nigeria (CBN) says the inflow of over $1.5 billion into…
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Zenith Bank to submit 2023 financial statement April 30
By Rukayat Adeyemi Lagos, March 28, 2024 Zenith Bank Plc. on Thursday expressed optimism that it would submit its 2023…
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Bridging energy access gap vital for Nigeria’s economic growth, says NNPC Chief
The Nigerian National Petroleum Company Limited (NNPC Ltd) has emphasized the critical importance of bridging the energy access gap to…
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NNPC Retail Limited clarifies price adjustment rumours
The NNPC Limited has dismissed as false rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas…
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We must engage youths in agribusiness to curb food insecurity – Obasanjo
By Yinka Olawale Lagos, March 26, 2024 Former President, Chief Olusegun Obasanjo, has charged the Federal Government to engage youths…
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Hunger: Dangote spends N15bn on food intervention programme across Nigeria
…Disburses 120,000 bags of rice in Kano …We’ll continue on this path, says Fatima Aliko Dangote President of Dangote…
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U.S. Secretary of Commerce reappoints Nigerian-American, Toyin Umesiri, to Illinois District Export Council
The United States of America (U.S.) Secretary of Commerce, Gina M. Raimondo, has reappointed Nigerian-American, Toyin Umesiri, to the Illinois District…
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Afreximbank’s MANSA Digital Initiative achieves four ISO standards certifications for its Integrated Management Systems
CAIRO, Egypt, March 21, 2024 The Africa Export-Import Bank (Afreximbank’s) (www.Afreximbank.com) MANSA Digital Initiative, a Pan-African due diligence platform, has…
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Nigeria’s insurance guru’s appointment to NCDMB Governing Council, exemplary – UK firm
Olorundare Thomas, member, NCDMB Governing Council By Funmilayo Adeyemi Abuja, March 20, 2024 Dr Alim Abubakre, British-Nigerian founder of TEXEM…
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Afreximbank subsidiary inaugurates Kigali office to address Africa’s $110bn equity financing shortfall
By Okeoghene Akubuike Abuja, March 20, 2024 The African Export–Import Bank (Afreximbank) has unveiled its Fund for Export Development in…
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CBN successfully clears valid FX transactions to eliminate legacy backlog
ABUJA The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have now been settled, fulfilling…
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Michael Prest’s BONI partners with Afreximbank for solar energy financing, landmark hotel development
BONI secures dual tranche US$11 million financing from Afreximbank to offer sustainable solar solutions for SME’s and a new hotel…
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Abia secures $125m loan approval from Islamic Development Bank – Gov. Otti
By Leonard Okachie Umuahia, March 18, 2024 Gov. Alex Otti of Abia says the Islamic Development Bank(IDB) has approved a…
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JX, Chevron agree on Asia-Pacific CO2 capture, storage projects
San Jose (California), March 19, 2024 JX Nippon Oil & Gas Exploration Corporation and Chevron New Energies, a division of…
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Energy Transition: Kyari joins global energy leaders at CERAWeek 2024
The NNPC Ltd will be at the 2024 CERAWeek Conference scheduled to hold in Houston, United States from 18th to…
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St. Lucia receives $6 Million as Afreximbank makes historic first disbursement from Caribbean Office
The facility will help in the infrastructure rehabilitation of St. Lucia, including 25 schools damaged during tropical storm Bret which…
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Dangote lauds Lagos Govt. on consumer rights advocacy
…says, manufacturers must focus on consumers’ rights. The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima…
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Undersea cable cut: MainOne restores service to some customers
By Stellamaris Ashinze Lagos, March 16, 2024 MainOne, a Digital Infrastructure Service Provider on Saturday said that it had restored…
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