Preline Limited has completed the mandatory takeover of 1,300,000 worth N17.5 billion ordinary shares from other shareholders in Eterna Plc. Eterna Plc confirmed the development in...
Nigeria and other African countries will require an average of $200 billion power grid investments in tranches of $40 billion annually for about five years to...
By Agency Report Tesla has closed what had been its flagship showroom in China as the company adjusts its sales and service strategy in its second-largest...
Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) on Tuesday, ended the industrial action against Bi-Courtney Aviation Services Limited over the sacking of 34 members...
Nigerian Exchange Limited (NGX) is set to host the 2022 edition of NGX Made of Africa Awards on Tuesday, 6 December 2022 at the Civic Center,...
By Umar Suleiman The Nigerian National Petroleum Company Limited and Addax Petroleum Company signed an asset transfer agreement on Tuesday to bring an end to the...
By Christy Animam Flour Mills of Nigeria Plc has said its unaudited financial statement for half-year 2023 shows strong revenue growth across business segments, despite the...
Persistent downtrend of the Nigerian stock market bled over on mid-week trading session on Wednesday as investors in the market again lost N50.84 billion. Activities in...
Ecobank Transnational Incorporated (ETI) said it has redeemed its 5-year $400 million convertible debt following its maturity. The debt instrument was issued in September and October...
Barely 48 hours after the Central Bank of Nigeria (CBN) announced plan to redesign three naira denominations, the local currency has caught fevers from the new...
Weekly Trading activities in the unquoted stock market, the NASD OTC Securities Exchange, led to N10.22 billion loss for investors in the market following negative movements...
Christy Animam The Lagos State Traffic Management Authority (LASTMA) has cautioned motorists queuing up for fuel at different filling stations thereby causing serious traffic gridlock to...
The aggregate value of stock investment in the country rose to N24.234 trillion as mid-week trading activities in the market led to N39 billion gain on...
Africa is not immune to the ‘all-asset’ sell-off that markets are experiencing but when the dust settles investors may find good opportunities on the continent says...
Local and international private sector businesses have expressed strong interest in the $538 million Special Agro-Industrial Processing Zone program (SAPZ) launched in Nigeria on Monday 24 October....
Christy Animam Nigeria on Monday began its long journey to end hunger and achieve food security by launching the Special Agro-industrial Processing Zones (SAPZ), a programme...
By Christy Animam The Board of Directors of the African Development Bank Group today October 2022 in Abidjan approved a loan of €63.6 million to Senegal...
Moody’s, a global ratings agency, has downgraded the long-term deposit ratings of nine Nigerian banks to B3 from B2, as well as senior unsecured debt ratings, where...
By United Capital Research Team Data from the Q1/Q2-2022 Electricity report released by the National Bureau of Statistics (NBS) revealed that the total electricity supplied by...
Those whose allegiance lies with cryptocurrencies were not impressed by the eNaira transaction data reeled out by Godwin Emefiele, Governor of the Central Bank of Nigeria...