Seplat Energy’s subsidiary raises $50m facility
Seplat Energy Plc, a Nigerian independent energy company, has announced that its wholly-owned subsidiary, Westport Oil Limited, has successfully raised
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FMDQ Exchange lists power firm’s N50bn green bond
FMDQ Securities Exchange Limited has welcomed the listing of the NSP-SPV PowerCorp Plc N6.33 billion Fixed Rate Series 2 Senior
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OPEC, others to meet Sunday, may resolve output dispute
The Organization of the Petroleum Exporting Countries and its allies plan to convene on Sunday, three delegates said, as an
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Nigeria faces unsustainable debt burden, says Rewane
The Managing Director of Financial Derivatives Company Limited, Mr Bismarck Rewane, has said Nigeria’s debt burden will become unsustainable as
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Naira weakens further to 506 against dollar
The Nigerian currency fell against the dollar at the parallel market on Friday to a new record low. The naira
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United Capital reports N3.74bn profit in six months
United Capital Plc has reported a profit before tax of N3.74 billion for the first half of the 2021 financial
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Unilever Nigeria returns to profit, posts N1bn in Q2
Unilever Nigeria Plc has reported a profit before tax of N1.04 billion for the second quarter of the 2021 financial
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Nigeria limits sugar imports to Dangote, two other firms
The Central Bank of Nigeria has said only three companies will be allowed to import sugar into the country. The
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SEC okays Dangote Cement’s share buyback programme renewal
Dangote Cement Plc, Africa’s largest cement producer, has announced the approval by the Securities and Exchange Commission of the renewal
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Naira weakens to 505 against dollar as forex reserves dip
The Nigerian currency fell against the dollar at the parallel market on Friday as the country’s foreign reserves look set
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