Browsing Category
Investing
N193 billion loans have been declared lost inside CBN’s 10trn intervention
The Central Bank of Nigeria's Intervention Funds Programme, totaling N10.3 trillion, has shown a repayment rate of…
Exor Acquires 10.1% Stake in Clarivate, With Potential Increase to 17.5%
Italy's Agnelli family, through its investment arm Exor, has acquired a 10.1% stake in Clarivate, a New…
Investors Await UK Spring Budget Amid Election Speculation
As Britain anticipates its Spring budget set for the upcoming Wednesday, investors closely monitor Finance…
Tinubu Aims to Boost Economy with $10 Billion Injection
President Bola Tinubu announced plans to secure $10 billion to bolster foreign exchange liquidity, stabilize the…
Forex Crisis May Delay Foreign Investment, Says Report
A recent report titled "Finding Rain in Drought." by Comercio Partners, a prominent research and investment firm,…
Cadbury Shareholders Approve Conversion of Loan to Equity
At a General Meeting held in Lagos, shareholders of Cadbury Nigeria Plc endorsed the conversion of an outstanding…
Benin Republic’s Dollar Bond Oversubscribed, Raises $750m
Benin Republic successfully issued its first-ever dollar-denominated bond, raising a substantial $750 million. The…
Cadbury Nigeria Records N8.397 bn Operating Profit- Reports
Cadbury Nigeria Plc has disclosed a remarkable operating profit of N8.397 billion for the full year ending…
Airtel Africa Plans $100 million Share Buyback
Airtel Africa Plc has unveiled its intention to repurchase up to $100 million worth of its shares, underscoring…
IFC’s Invests $2 Billion Across Sectors in Nigeria
Sergio Pimenta, the Regional Vice President for Africa at the International Finance Corporation (IFC), revealed…
World Bank’s Managing Director to Embark on Visit to Nigeria
Anna Bjerde, the Managing Director of Operations at the World Bank, is poised to undertake a pivotal two-day…
N146bn Needed for Marina Shoreline Repairs- FG
The Minister of Works, David Umahi, has highlighted the need for N146 billion to repair the deteriorating Marina…
Neveah Ltd Redeems N2.92bn Commercial Papers
Neveah Limited, a commodity trading company specializing in solid minerals and agricultural products, has…
Shell PLC Returns $23bn to Shareholders
Shell Plc, in a statement released by its Chief Executive Officer, Wael Sawan, announced that it returned $23…
Bullish Trading on Stock Market, Gaining N902bn
The stock market experienced a bullish resurgence on Thursday, resulting in a substantial gain of N902 billion.
…
GlaxoSmithKline Reports 33.76% Profit Decline
GlaxoSmithKline Consumer Nigeria Plc witnessed a significant 33.76% decline in profit, dropping to N510.80 million…
NNPC Engages South Korea for Gas Projects
The Nigerian National Petroleum Company Limited (NNPCL) has initiated discussions with a South Korean consortium…
Manufacturers Lament over FGN’s 7BN Debt
The Manufacturers Association of Nigeria (MAN) predicted a tough start for manufacturers in 2024, especially in…
Strong Demand for Nigerian Treasury Bills Despite Rising Inflation
The latest treasury bill auction in Nigeria on August 9, 2023, saw investors submitting bids worth N808 billion…
High Demand for Risk-Free Investments Despite Negative Real Returns in Nigeria
Investors bid N384 billion worth of one-year treasury bills at a rate of 12.15%, but only N255 billion was…
Khulisani Ventures of MIC invests in Quro Medical.
MIC has invested R25 million in the firm, which is revolutionizing the way healthcare is delivered in South…
Kyari: NNPC Deepens Investments in AKK, OB3, Others.
The Ajaokuta-Abuja-Kano-Kaduna (AKK) gas pipeline and the OB3 gas interconnector will accommodate five billion…
Four Days of Bearish Trading Result in Investor Losses of N674bn.
After four days of trading last week, investors on the Nigerian Exchange Limited lost N674 billion.Due to the…
Norfund and 54 Funding Provide SAMANU with Growth Capital.
SAMANU is a platform firm that competes in the primary FMCG sub-sectors in Ethiopia with well-known brands (Tena…
Indian Businesses Invests $19 billion in Nigeria.
Over 135 Indian companies have made a total of $19 billion in investments in Nigeria over the course of the last…
Nigerian Market will Benefit from Canadian Real Estate Policy.
According to stakeholders, Canada's decision to ban foreign real estate investors will have a positive effect on…
US Pledges to Invest $55 billion in Africa before the Summit.
As President Joe Biden gears up to host the U.S.-Africa summit this week and speak with a select group of leaders…
TLG Plans Venture Debt Deals in Future Africa’s Portfolio.
A $25 million venture debt fund designated for portfolio companies is being launched by Future Africa, a venture…
Microsoft Plans to Acquire a 4% Stake in the London Stock Exchange.
In exchange for a 10-year contract to move the data platform of the exchange operator to the cloud, Microsoft…
Emefiele: Banks and CBN to Support Over N500 Billion in Nigerian Exports.
In an effort to increase non-oil export revenues, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele,…