Unilever Nigeria’s Q2 Profits Plummet Amid Rising Costs
Unaudited results for Q2 2023 show Unilever Nigeria's pre-tax profits fell by 72.95% to N169.9 million, with an!-->…
Nigerian Government Earns N80.86bn from Electronic Transfer Levies in Six Months
Data from the Federation Account Allocation Committee shows that electronic transfer levies generated N80.86!-->…
Nigeria Data Protection Commission Urges Organizations to Register for Data…
The Nigeria Data Protection Commission (NDPC) has directed banks, telecom operators, educational institutions,!-->…
Nigeria’s Money Supply Surges to Record N64.36 Trillion Amid Increased FAAC…
The money supply in Nigeria, known as M2, has reached an unprecedented N64.36 trillion, surging by 31.62%!-->…
FBN Holdings Announces Plan to Raise Capital Through Rights Issue
FBN Holdings Plc, a financial services group, will seek approval from shareholders to raise fresh capital at its!-->…
Investors Speculate Ahead of Central Bank of Nigeria’s Monetary Policy…
Investors are closely watching the upcoming meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee!-->…
NAICOM to Encourage Specialized Insurance Products for Nigeria’s Oil and Gas…
The Nigerian Insurance Commission (NAICOM) has revealed its plans to promote specialized insurance products!-->…
eTranzact Records Over N50 Trillion Transactions in 2022, Assures Shareholders of…
eTranzact International Plc achieved remarkable financial growth in 2022, processing transactions worth over N50!-->…
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!-->…
British International Investment Joins SDG Outcomes Fund with $10 Million…
British International Investment (BII), the UK's development finance institution and impact investor, has pledged!-->…
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!-->…
African Development Bank Approves US$20 Million Investment in Pembani Remgro…
The African Development Bank's Board of Directors has sanctioned a US$20 million investment in the Pembani Remgro!-->…
Globeleq Expands Renewable Portfolio in Africa with Acquisition of Mocuba Solar…
Globeleq, the leading independent power company in Africa, has reached an agreement to acquire Scatec A.S.A.'s!-->…
EIB Commits $40 Million to Acre Impact Capital’s Climate-Infrastructure Fund…
The European Investment Bank (EIB) has pledged up to $40 million to Acre Impact Capital's Export Finance Fund I,!-->…
AgroFresh Expands Freshness Solutions with Tessara Acquisition
AgroFresh Solutions, a global AgTech innovator specializing in post-harvest produce freshness, has announced the!-->…
Scatec’s Release Secures USD 102 Million Funding to Accelerate Renewable…
Scatec's subsidiary, Release, has signed an agreement with Climate Fund Managers (CFM) to raise USD 102 million in!-->…
Nigerian Naira Continues Downward Trend Against Dollar, Central Bank Faces…
The Nigerian naira maintained its depreciating trend against the dollar, reaching 876/$ at the parallel market on!-->…
NOVA Merchant Bank Receives Shareholder Approval for Transition to Commercial…
NOVA Merchant Bank has obtained the approval of its shareholders to transition into a commercial bank during its!-->…
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!-->…
Rising Cement Prices Threaten Building Standards in Nigeria’s Real Estate…
Operators in Nigeria's real estate sector have expressed concerns over the recent hike in prices of cement and!-->…
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!-->…
FocusEconomic Analysts Forecast 2.8% GDP Growth for Nigeria in 2023 Despite Fuel…
According to the August 2023 FocusEconomics Consensus Forecast report, Nigeria's economy is projected to expand by!-->…
NECA Raises Concerns Over Rising Inflation and Public Debt in Nigeria
The Nigeria's Employers Consultative Association (NECA) has voiced apprehension about the country's surging!-->…
Nigerian Pension Assets Rise by N2tn in First Half of 2023
Assets under the Contributory Pension Scheme in Nigeria experienced a significant boost, surging by approximately!-->…
Dana Air to Train Over 50 Corps Members and Interns as Part of CSR Initiative
Dana Air, a prominent Nigerian airline, has unveiled a comprehensive Corporate Social Responsibility (CSR) program!-->…
Nigeria Advances Indigenous Floating LNG Project with Heads of Terms Agreement
In a significant move towards strengthening its energy sector and reducing carbon emissions, the Nigerian National!-->…
Nigerian Government Records Highest Revenue Allocation in June 2023, Shares…
In what is described as a revenue windfall, Nigeria's federal, state, and local government councils shared a total!-->…
Federal Government Faces Revenue Shortfall from Gas Flaring Penalties
The Federal Government recorded a revenue shortfall of N13.33 billion in January and February 2023 from gas!-->…
Fidelity Bank to Raise Additional Capital through Public Offer and Rights Issue
Fidelity Bank plans to seek approval from its shareholders to raise additional capital through the issuance of!-->…
Rising Maize Prices Threaten Poultry Farms in Delta State, Nigeria
The soaring cost of maize, a major component of poultry feeds, is leading to the closure of farms in Delta State,!-->…