Nigeria offers $500m domestic dollar bond at 9.75%
The federal government has issued the series one of its first domestic dollar bond sale. “On behalf of the Nigerian
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NNPC posts highest-ever annual profit of N3.3trn
The Nigerian National Petroleum Company Limited reported a net profit of N3.297 trillion for the financial year ended in December
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Dangote decries lingering domestic crude supply issues
Dangote Industries Limited has said it is still unable to secure enough domestic crude supply for its 650,000-barrel-per-day refinery, urging
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NNPC distances itself from refinery sabotage
The Group Chief Executive Officer of NNPC Limited, Mele Kyari has said the company has not breached any of the
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Dangote refinery’s impact shows up in global oil markets
Nigeria’s $20 billion Dangote refinery is set to shake up international crude flows when it reaches full capacity, having already
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Nigeria secures $500m AfDB loan to boost electricity access
The Board of Directors of the African Development Bank Group has approved a loan of $500 million to the Federal
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Flutterwave wins payment service provider licence in Ghana
Flutterwave, a payments technology company, says it has been granted a Payment Service Provider licence under the Enhanced Category by
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Otedola backs windfall tax, says banks maintain private jets with $50m yearly
Femi Otedola, a billionaire businessman, has said Nigerian banks are spending an estimated $50 million on the maintenance of private
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Stock investors lose N1trn in July amid banks’ capital raising
Investors in the Nigerian stock market saw the value of their holdings fall by N1.05 trillion in July amid banks’
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Salt refiner NASCON’s profit dips as inflation, devaluation bite
Nascon Allied Industries Plc, a salt refiner owned by Dangote Industries Limited, reported a 16 percent drop in its pretax
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