New E-Dividend Portal in Nigeria to Be Operational by November 30, 2023, Says SEC
The Securities and Exchange Commission (SEC) in Nigeria has announced that the new e-dividend portal is expected to become operational…
Day: November 15, 2023
Mini-Grid Leader Husk Power Systems Secures $43M in Equity Investment for Expansion in Nigeria and India
Husk Power Systems, a leader in mini-grid solutions, has secured a $43 million equity investment from STOA, DFC, Proparco, FMO,…
Green Climate Fund Approves $50M Equity Investment in REPP 2 to Boost Renewable Energy in Sub-Saharan Africa
The Green Climate Fund (GCF) has approved a $50 million equity investment in REPP 2, a new debt fund aimed…
CSquared Link Holdings Secures $25M Investment to Expand Broadband Infrastructure in Africa
CSquared Link Holdings, a pan-African technology company focused on digitally connecting Africa through telecommunications infrastructure, has received a $25 million…
Central Bank of Nigeria Reverses Deadline for Withdrawal of Old Naira Notes
The Central Bank of Nigeria (CBN) has announced the reversal of the December deadline for the withdrawal of old naira…
Nigeria Targets Increase in Revenue to GDP Ratio from 8% to 25% by 2026
The Federal Government of Nigeria aims to raise the revenue to Gross Domestic Product (GDP) ratio from 8% in 2023…
ValueJet Aircraft Slips Off Runway at Port Harcourt Airport
An aircraft operated by ValueJet airline experienced a slip on the taxi turn after landing at Port Harcourt airport, clearing…
Nigeria: Oil Firms Increase Gas Flaring, but Penalty Declines in H1 2023
Oil companies in Nigeria increased gas flaring in the first half of this year, with a penalty payment of N36…
Nigeria’s Longest-Dated Bond Reopens, Oversubscribed at Record 18% Yield
The reopening of Nigeria’s longest-dated bond, the 2053 maturity, was oversubscribed more than three times at an auction, drawing total…
Saudi Arabia Cancels Visas of 18 Nigerian Passengers Over Past Offences
Saudi Arabian authorities cancelled the visas of 18 out of the 177 passengers who arrived in Jeddah, Saudi Arabia, on…