Investors Speculate Ahead of Central Bank of Nigeria’s Monetary Policy Committee Meeting
Investors are closely watching the upcoming meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), following the…
Day: July 24, 2023
NAICOM to Encourage Specialized Insurance Products for Nigeria’s Oil and Gas Industry
The Nigerian Insurance Commission (NAICOM) has revealed its plans to promote specialized insurance products tailored to meet the unique needs…
eTranzact Records Over N50 Trillion Transactions in 2022, Assures Shareholders of Regional Dominance
eTranzact International Plc achieved remarkable financial growth in 2022, processing transactions worth over N50 trillion, a significant increase from N39…
Nigeria Plans to Reduce Revenue Collection Agencies and Simplify Tax System
The Nigerian Organised Private Sector has raised concerns about the burden of multiple taxation from various government entities. As a…
British International Investment Joins SDG Outcomes Fund with $10 Million Commitment
British International Investment (BII), the UK’s development finance institution and impact investor, has pledged $10 million to the SDG Outcomes…
Norfund Invests in Plastic Recycling Initiatives in Nigeria and Ghana
Norfund, a Norwegian investment fund, is making its first direct investments in plastic recycling in Africa by providing financial support…
African Development Bank Approves US$20 Million Investment in Pembani Remgro Infrastructure Fund II in Côte d’Ivoire
The African Development Bank’s Board of Directors has sanctioned a US$20 million investment in the Pembani Remgro Infrastructure Fund II…
Globeleq Expands Renewable Portfolio in Africa with Acquisition of Mocuba Solar Plant in Mozambique
Globeleq, the leading independent power company in Africa, has reached an agreement to acquire Scatec A.S.A.’s 52.5% stake and KLP…
EIB Commits $40 Million to Acre Impact Capital’s Climate-Infrastructure Fund in Africa
The European Investment Bank (EIB) has pledged up to $40 million to Acre Impact Capital’s Export Finance Fund I, the…
AgroFresh Expands Freshness Solutions with Tessara Acquisition
AgroFresh Solutions, a global AgTech innovator specializing in post-harvest produce freshness, has announced the acquisition of Tessara, a post-harvest solutions…
Scatec’s Release Secures USD 102 Million Funding to Accelerate Renewable Energy Growth Ambitions
Scatec’s subsidiary, Release, has signed an agreement with Climate Fund Managers (CFM) to raise USD 102 million in funding. Release,…
Nigerian Naira Continues Downward Trend Against Dollar, Central Bank Faces Monetary Pressure
The Nigerian naira maintained its depreciating trend against the dollar, reaching 876/$ at the parallel market on Sunday. Just a…
NOVA Merchant Bank Receives Shareholder Approval for Transition to Commercial Banking
NOVA Merchant Bank has obtained the approval of its shareholders to transition into a commercial bank during its annual general…
Nigeria Signs Historic Agreement for Indigenous Floating LNG Project
The Nigerian National Petroleum Company Limited (NNPCL) and UTM Offshore Limited have entered into a significant Heads of Terms (HoT)…
Rising Cement Prices Threaten Building Standards in Nigeria’s Real Estate Sector
Operators in Nigeria’s real estate sector have expressed concerns over the recent hike in prices of cement and other building…
NGX Reclassifies Fidelity Bank Plc’s Stock to Medium Price Category
The Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc’s stock from Small price stock to Medium…