Access Bank completes acquisition of BancABC Tanzania
Access Bank PLC has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (BancABC Tanzania), in
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NNPC denies inflating subsidy claims by N3.3trn
The Nigerian National Petroleum Company Limited (NNPC) has refuted an allegation that it inflated subsidy claims by N3.3 trillion. “NNPC
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Caverton Helicopters picks ex-NPA boss as chair
Caverton Helicopters Limited, a subsidiary of Caverton Offshore Support Group Plc, has appointed Bello Gwandu as the chairman of its
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Nigeria’s foreign reserves extend rise, hit two-month high
Nigeria’s foreign reserves rose further last week, hitting the highest point in two months. The foreign reserves stood at $32.8
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Nigeria’s three-month petrol imports jump 45% to N2.63trn
Nigeria, Africa’s top oil producer, spent 45 percent more on the importation of petrol in the first three months of
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Naira pares gains as weekly forex liquidity loses 33%
The Nigerian currency lost some of its recent gains against the dollar this week as liquidity in the official foreign
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Tinubu’s government risks repeating past mistakes: Capital Economics
The President Bola Tinubu-led government is at risk of repeating previous mistakes made by his successor as the country’s fiscal
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Norrenberger Advisory Partners moves to buy out IEI’s minority shareholders
Norrenberger Advisory Partners Limited (NAPL) is on course to buy out minority shareholders of International Energy Insurance Plc (IEI). The
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Savannah Energy plans to double production after SIPEC acquisition
Savannah Energy Plc, a British independent energy company, is planning to increase production from the Stubb Creek oil and gas
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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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