India’s Adani Will Pay Back Debts Backed By Shares Worth Up To $790 Million By March.
India’s Adani Group aims to prepay or return share-backed loans totaling $690 million to $790 million by the end of…
Day: February 28, 2023
In Nigeria, W/Bank Deploys 100 Solar Grids
According to the World Bank, the National Electrification Project’s market-driven approach to small grid development has sped up the installation…
Stanbic IBTC Increases Cashless Transactions
A subsidiary of Stanbic IBTC Holdings, Stanbic IBTC Bank, has promised to assist frictionless financial transactions to support the Central…
NCC Reports A Growth In Mobile Subscriptions To 225.88 Million.
In Nigeria, the use of mobile technology is still expanding, with 225.88 million mobile subscribers as of January 2023. There…
Dangote Cement Will Issue A Dividend Of N20 Per Share.
A N20 dividend per share has been declared by Dangote Cement at the conclusion of the 2022 fiscal year. This…
According To CBN, There Is N1.38tn Less Money In Circulation.
Due to the Central Bank of Nigeria’s naira redesign strategy, the total quantity of currency in circulation in the nation…
Nokia Modifies Logo
While the manufacturer of telecom equipment concentrates on ambitious expansion, Nokia revealed plans to alter its brand identity for the…
Nigerian Growth Is Affected By Energy Costs, Pollution, And Other Factors.
Inappropriate price increases for pre-paid meters “Particularly south of the Sahara, Africa’s domestic gas markets are still underdeveloped or non-existent,…
Banks’ Prime Lending Rate Reached 13.67% Despite Macroeconomic Difficulties
Commercial banks’ prime lending rate to the most creditworthy consumers climbed to 13.67% in 2023, a 1.99% Year-on-Year (YoY) rise…
Lagos Issues A N137 Billion Bond On NGX
A N137,328,000,000 class IV bond issued by the Lagos State government has been placed on the Nigerian Stock Exchange. This…
FG Finds New Sites For 681,000 Barrels Per Day Of Oil Production
The Federal Government has discovered new oil resources with a daily production capacity of 1.52 billion standard cubic feet of…
CBN Evaluates Bank MDs, DMDs, And EDs’ Tenure
The Central Bank of Nigeria (CBN) reviewed the terms of the Managing Directors, Deputy Managing Directors (DMDs), and Executive Directors…
OML 18 Is Taken Over By NNPCL As The EFCC Investigates Eroton
After months of inaction brought on by a variety of concerns, including money being diverted, governance violations, and debt to…