FCMB Group Plc has successfully completed the issuance of a N26,000,000,000 Perpetual 16 percent Fixed Rate Resettable NC5.25 Additional Tier I Subordinated Bonds (Series 2 Bond” or “the AT1”) under the N300,000,000,000 Debt Issuance Programme. The offer was well received…
By Sodiq Adelakun The foreign exchange market (FX) kicked off the week with the Nigerian naira losing ground against the US dollar on the black market, also known as the parallel market. This depreciation comes after the naira had appreciated…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has received a trade finance facility worth $150million from the African Export-Import Bank The facility forms part of Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (AKAFPA), and the signing…
Zenith Bank, one of Nigeria’s leading financial institutions, has reported impressive financial results for the first nine months of 2023. The bank recorded a remarkable pre-tax profit growth of 149.05 percent year-over-year, reaching a total of N505.036 billion. This figure…
By Moses Adeniyi Stakeholders in Badagry Division of Lagos have suggested to prospective Nigerian and other Christian pilgrims around the world to consider Badagry as an alternative for pilgrimage in the forthcoming Christmas period. The suggestion came as an alternative…
By Moses Adeniyi As concerns grow over coastal erosion, the Lagos State Government (LASG) has embraced the readiness of the Kingdom of Netherlands to partner with the State in checking coastal erosion, rapidly ravaging coastal areas, through Public-Private-Partnership (PPP) investment…
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has warned that despite the emergence of new refineries in the Nigerian Oil and Gas sector, Nigeria still risks the continuation of the importation…
Borno State Governor, Babagana Umara Zulum, was on Monday at the operational headquarters of Niji Group of Companies in Ibadan, the capital of Oyo State. Niji Group (trade name of Niji Agro Services) “is a value-driven conglomerate with about three…
Nigeria is Africa’s top crude oil producer for October 2023. This is according to the monthly oil market report from the Organization of Petroleum Exporting Countries (OPEC) which was released today, November 13, 2023. According to the report, oil…
This is according to the recently released Fiscal Allocation and Statutory Disbursement (FASD) audit report from the Nigerian Extractives Industries Transparency Initiative (NEITI). The report highlighted the fact that the Nigerian Content Development and Monitoring Board (NCDMB) between 2020…
