Afreximbank gets shareholders’ nod to raise share capital to $25bn
The shareholders of the Africa Export-Import Bank (Afreximbank) have approved an increase in its authorised share capital from $5 billion
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NNPC inaugurates 12 CNG stations in Lagos, Abuja Thursday
The Nigerian National Petroleum Company Limited (NNPC) will inaugurate 12 compressed natural gas (CNG) stations in Lagos and Abuja on
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CBO Capital Partners transfers Ellah Lakes shares to creditors
CBO Capital Partners Limited has transferred a portion of its Ellah Lakes shares to its shareholders and creditors in a
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Conoil raises dividend by 40% as annual profit doubles
Conoil Plc has proposed a 40 percent increase in dividend as its pretax profit doubled to N12.28 billion in 2023
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PwC Nigeria admits three new partners
PwC Nigeria has announced the admission of three new partners effective 1 July 2024. They are Marilyn Obaisa-Osula (Consulting and
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Nigeria’s telcos lose 6.8 million active voice subscribers in Q1
Telecommunications companies in Nigeria lost about 6.86 million active voice subscribers in the first three months of the year, compared
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Rail freight gains steam as NRC’s Q1 revenue jumps 235%
The Nigeria Railway Corporation saw its revenue from cargo transportation surge more than threefold to N607.32 million in the first
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Soaring prices push Nigeria’s PMI to lowest in seven months
Business activity in Nigeria fell in June to the lowest level in seven months as companies jacked up their prices
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Foreign investment flows to Nigeria triple in Q1
Foreign capital imported into Nigeria tripled in the first three months of this year compared to the last quarter of
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Exodus of multinationals from Nigeria is a worrying trend: CIoD
By Bamidele Alimi Introduction Over the past decade, Nigeria has seen a significant exodus of multinational companies (MNC). These exits have raised
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