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Nigeria raises $1.25bn Eurobonds
Nigeria, Wednesday, raised a $1, 25 billion Eurobond in the International Capital Market. A statement by the Debt Management, last night indicated that the Eurobond had a 7-year tenor and singled out Nigeria as the…
Amazon closes $8.5 billion deal to buy MGM movie studio
Amazon.com Inc. said it closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after regulators declined to challenge the deal, cementing the company’s biggest takeover in five years. The closing,…
Big Cabal Media raises $2.3m to expand its compelling line of digital products
Over decades, the news media landscape has changed dramatically. Checking for news online—whether through Google, social network sites, major newspapers, or local media websites—has become ubiquitous. The…
Senate Mandates Banks To Report Deposits Above N5m To EFCC
The Senate Wednesday passed a bill to amend the Money Laundering Act 2011 seeking to make it mandatory for banks and other financial institutions to report, in writing, to the Special Control Unit Against Money…
Fidelity Bank Sensitizes Customers on Emerging Opportunities in Non-Oil Exports and CBN RT200 FX…
The Central Bank of Nigeria's (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have…
Ecobank Shareholders To Get $40m Dividends Payout
Ecobank Transnational Incorporated (ETI) is set to pay its shareholders dividends of $0.16 per share totaling $40 million for the year 2021.…
Poultry Farmers Grumble Over N5,000 Cost To Feed Chick
Poutry farmers in the country are groaning following the rise to N5,000, the cost of feeding a chick. Poultry Association of Nigeria (PAN) said the…
Russia-Ukraine: Higher food prices may cause unrest in Nigeria, others
The International Monetary Fund has said higher food prices as a result of the Russia-Ukraine war might cause unrest in Nigeria, other Sub-Saharan Africa countries, Latin America, the Caucasus, and Central Asia.…
CBN Introduces Bank Cash Hubs To Boost Cash Management Efficiency
The Central Bank of Nigeria (CBN) has introduced cash collection centres called Bank Neutral cash hubs to serve as central cash deposit points for bank…
Crude oil prices fall below $100 a barrel — lowest in three weeks
Oil prices, on Tuesday, plummeted over 6 percent amid hopes for progress to end Russia’s invasion of Ukraine. Brent crude, the global oil benchmark, fell to $99.98 a barrel, while West Texas Intermediate (WTI)…
Blackcopper Launches BC Health
Blackcopper, one of Nigeria’s leading credit and financial institutions, recently launched its…
Airline operators will be granted licence to import aviation fuel – NNPC
The Nigerian National Petroleum Company (NNPC) Limited says it will grant a licence to the Airline Operators of Nigeria (AON)…
GTCO, Lead Sponsor Of NUGA 2022 Receives Torch of Unity From UNILAG
Guaranty Trust Holding Company Plc (GTCO), the lead sponsor of the 26th edition of the Nigerian…
Appeal court orders Shell deposit $2B in 48 hours for Nigerian oil spill claims
The Appeal court in Owerri has ordered Shell to deposit about $2 billion in an account controlled by the court within two working days. The three-man panel made the ruling on 11 March. The court also stopped Shell…
Eko DisCo appoints Deputy Chief Executive Officer
The Board of Director of Eko Electricity Distribution Company has approved the appointment of Dr. Tinuade Sanda as the Deputy Managing…
Nigeria To Lose N1.2bn Daily Over Agip Oil Export Cut
Nigeria’s energy crisis on Monday took a multiple dimension as Agip announced a halt in oil export at its 25,000 barrels per day (bpd) Brass export terminal in Bayelsa. This was sequel to a blast at its facility, which…
CIBN Partners ACAMB to Bridge Reputation Management gap in Nigeria’s Banking Sector
The Chartered Institute of Bankers of Nigeria (CIBN) has signified interest to partner Association of Corporate Affairs Managers of Banks (ACAMB) to bridge…
Gencos: Nation in Darkness Because We are Owed N1.6trn Since 2013
Power Generation Companies (Gencos) under the Association of Power Generation Companies (APGC) yesterday stated that the power supply situation in the country was worsening because they were owed over N1.6 trillion…
Dangote jumps 29 places in rich list, wealthier than 429 powerful billionaires
Africa's richest man and president of Dangote Group, Aliko Dangote, as of Wednesday, 9th March 2022 is now the 71st richest person in the world as against his previous ranking of 100th…
N1trn inflow set to escalate excess cash in banks
Liquidity inflows totaling N1.02 trillion will hit the interbank money market this month aggravating the volume of excess cash in banks. The inflows comprise of N335.13 billion coupon (interest) payment on FGN…
IWD: Dangote Pledges Greater Investment in Women Empowerment
Dangote Group has reiterated its commitment to continue supporting all forms of investments that would help develop and empower the women…
Solid minerals revenue rises by 54% to N128bn, NEITI reports
Revenue from the solid minerals sector to the Federation Account rose by 54 percent in 2020 to N128 billion compared to N75 billion recorded in 2019, an audit report of the mining sector by the Nigerian Extractive…
Manufacturers send SOS to FG as diesel price hits N730
The Manufacturers Association of Nigeria (MAN), is seeking urgent intervention from the Federal Government to support the production of goods, as diesel price hits N720-730 per litre. Mr Lanre Popoola, the Chairman,…
Why Diaspora remittances to Nigeria, Ghana spiked in 2021 – Report
A report by WorldRemit, a global payments company, has revealed that remittances by immigrants in countries like the United Kingdom, the United States and Canada rose significantly in 2021. The report added that the…