Ecobank Nigeria seeks to raise $300m via Eurobond
Ecobank Transnational Incorporated announced on Friday that its subsidiary, Ecobank Nigeria Limited, is seeking to raise capital from the international
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World Bank approves $500m for Nigeria’s electricity distributors
The World Bank announced on Friday that it had approved $500 million to support the government of Nigeria in improving
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Nigerian central bank orders closure of cryptocurrency accounts
The Central Bank of Nigeria has directed banks and other financial institutions in the country to close all cryptocurrency accounts
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Nigeria suffers 60% drop in 2020 foreign capital inflow
Foreign capital flow into Nigeria tumbled by almost 60 percent in 2020 to $9.68bn, its lowest level in four years,
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Greif sells assets in Nigeria, says no plan to revive operations
Greif Nigeria Plc has announced the sale of its property, plant and equipment, saying it does not have any immediate
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Presco reports 83% rise in profit, revenue hits N23.90bn
Presco Plc saw its profit after tax rise by 83.25 percent in 2020 to N7.03 billion from N3.84 billion a
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Shell posts $21.68bn loss as pandemic hammers oil demand
Royal Dutch Shell has reported a loss of $21.68 billion for the year 2020 as COVID-19 hammered oil demand, compared
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Naira weakens at I&E window as forex reserves shed $323m
The naira fell by 0.13 per cent on Wednesday to close at 395.50 against the dollar at the Investors’ and
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Alleged $213m fraud: Judge issues arrest warrant for ExxonMobil Nigeria MD
A Nigerian judge has issued an arrest warrant for the Managing Director of ExxonMobil Nigeria, Mr Richard Laing, for failing
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Royal Exchange returns to profitability after N1.3bn loss
Royal Exchange Plc has returned to profitability as it posted a profit before tax of N232.56 million in 2020, compared
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