The African Development Bank (AfDB), has signed a 20 million-dollar equity investment in the African Infrastructure Investment Fund 4 (AIIF4). The AfDB in a statement, said the deal, signed on July 31, was to reinforces the Bank’s commitment to fostering…
By Esther Agbo AIICO Insurance has reported impressive financial results for the second quarter of 2024, with a profit before tax (PBT) surge of 121.55 per cent compared to the same period last year, reaching N14.1 billion. The notable increase…
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Thursday has appealed to agro and food processing companies to work toward reducing their prices during this time of economic hardship as a way of giving back to the society and ensuring food…
…as Edun meets with NSIA to deliberate on bridging financing gap The Federal Government is considering the option of creating a Nigeria Infrastructure Finance and Guarantee Facility (NIFF). This was disclosed on Wednesday when the Minister of Finance and Coordinating Minister of the…
By Esther Agbo Odu’a Investment Company Limited (OICL) has commissioned its Lagos Liaison Office a key development aimed at expanding its operations and influence as a world class conglomerate. Soeaking at the commissioning yesterday, the Group Chairman of OICL, Otunba…
The earnings of Ecobank Transnational Incorporated (ETI), a pan-African banking group, rose to the highest in at least nine years of N311 billion in the first six months of 2024, data compiled by newsmen shows. According to the firm’s latest…
By Esther Agbo Despite the overall decline, Nigeria has managed to maintain a stable influx of funding, distinguishing itself from other key economies in the region, according to the latest report by Africa: The Big Deal, a platform that tracks…
By Aminu Ahmed Senator Sani Musa, Chairman of the Senate Committee on Finance, has praised President Bola Ahmed Tinubu’s decision to allow the sale of crude oil to local refineries in Nigeria using Naira. Musa in a telephone interview on…
…Afrinvest is set to launch the 2024 edition of its Banking Sector report. The 2024 Afrinvest Banking Sector Report, to be launched on Wednesday, July 31, is expected to unravel issues around banking recapitalisation, the Federal Government’s plan to achieve…
By Esther Agbo Nigeria’s imported food inflation surged to 36.38 percent in June 2024, up from 34.83 percent in May, marking a 1.55 percentage point increase, according to the Consumer Price Index (CPI) data from the National Bureau of Statistics…
