Nigerian banks boost buffers against potential bad loans
Nigeria’s biggest banks boosted provisioning against potential loan quality deterioration, even as high foreign-exchange gains and interest income drive drove
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Author: Markets Reporters
Oando contributes $500m in NNPC-Afreximbank oil-backed loan deal
Oando Plc, a Nigerian energy group, has said it was party to the successful closure of the $925 million facility
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Nigeria aims to cut stakes in refineries by 2026
Nigeria, Africa’s top oil producer, is looking to reduce its stakes in state-owned refineries in two years’ time. The refineries,
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Nigeria’s GDP could gain $35bn from global malaria fight – Report
The GDP of Nigeria could rise by $35 billion if the UN target to significantly reduce malaria by 2030 is met –
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Africa’s remittance market seen reaching $500bn by 2035
The remittance market in Africa could be worth $500 billion by 2035, with mobile money seen as a game-changer in
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Oando resumes trading on Johannesburg bourse after two-month ban
Oando Plc, a Nigerian energy group, announced on Wednesday that it had received confirmation from the Johannesburg Stock Exchange (JSE)
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Global public debt nears $100trn, spurs call for urgent action
Global public debt reached a historic peak of $97 trillion in 2023, up by $5.6 trillion from the previous year,
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[BREAKING] Tinubu agrees to increase proposed N60,000 minimum wage
President Bola Tinubu has agreed to increase the proposed new minimum wage of N60,000 after labour unions embarked on an
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Blackout: Labour union obstructing national grid recovery, says TCN
The Transmission Company of Nigeria has said the labour union is obstructing the restoration of the national grid. It said
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Nigeria faces more blackouts on national grid instability
Blackouts have worsened in many parts of Nigeria as the national power grid suffered increased instability. “We have received multiple
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