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Airtel Africa Plc has announced that it has successfully secured a new credit facility worth $500million from a consortium of leading banks that comprises of HSBC, JP Morgan, Standard Chartered etc., in its bid to partially refinance its €750million Euro dominated bond due on the 20th of May, 2021. According...
The Central Bank of Nigeria has warned Deposit Money Banks (DMBS) and Forex Dealers to desist from the act of rejecting old and lower denominations of the US Dollar bills. This is according to a recent circular issued by the apex bank and signed by its Director of Currency Operations,...
The Nigerian Exchange Group (NGX) has announced the successful listing of Fidelity Bank’s Series 1 bond worth N41.2 billion on its platform. According to the official disclosure, the 10-year subordinated unsecured fixed-rate series 1 bond which is due to mature by 2031 was officially listed by the NGX on 20th...
The Managing Director/Chief Executive, Dignity Finance and Investment Limited, Dr. Chijioke Ekechukwu, stated that it is only when the all sectors of Nigerian economy are doing well that the economy could be adjudged as performing. Ekechukwu therefore called on the Federal Government to as a matter of urgency improve all...
Speaking when he inspected 609 kilowatts peak (kWp) Jabi Lake Mall hybrid solar power plant in Abuja, The Minister of State for Power, Mr. Goddy Jedy-Agba said that with the collaboration of the private sector in renewable energy sources across the country, the bills paid by Nigerians who deploy...
The Minister Finance, Budget and National Planning, Zainab Ahmed said on Tuesday that the President, Muhammadu Buhari will receive the recommendations of the Nigerian Economic Summit Group on how to revamp the economy soon. Ahmed stated this at a press briefing in Abuja where the NESG presented the recommendations that...
The latest data obtained from the Central Bank of Nigeria on Monday revealed that operators in the downstream, natural gas and crude oil refining sectors of the Nigerian oil and gas industry borrowed N130 billion from Nigerian banks in February amid the significant rise in global crude oil prices. The...
In response to a petition sent to the Senate by the Redeemed Christian Church of God (RCCG), alleging a fraudulent payment of N151 million by the ministry for a project the church did as part of its Corporate Social Responsibility (CSR) in Osun, the Minister of Works and Housing,...
The Federal Government of Nigeria has disbursed a sum of N300, 000 each to 41,000 beneficiaries of the Nigeria Youth Investment Fund, totalling N12.5 billion. This is according to a disclosure by the Ministry of Youth and Sports Development. The disclosure revealed that the NYIF received about three million applications,...
The Minister of Industry, Trade and Investment, Adeniyi Adebayo has disclosed in a statement issued in Abuja by his media aide that the volume of trade between Nigeria and South Korea nose dived by 74 per cent within two-year period. Adebayo specifically stated that the volume of trade between both...