AfDB Urges Nasarawa on Infrastructure Development, Service Delivery The African Development Bank (AfDB), has urged the Nasarawa State government has tasked the private sector investment for infrastructure development and service delivery. The AfDB’s President, Dr Akinwumi Adesina, said this at the Nasarawa Investment Summit in Lafia, with the theme “The Industrial Renaissance.” Adesina was represented […]

FG to Pay N130bn as Part of Gas Supply Debt – Minister The Federal Government says it will soon begin the payment of N130 billion as part of gas supply debts in the Nigerian Electricity Supply Industry (NESI). The Minister of Power, Mr Adebayo Adelabu, said this on Thursday at the 2024 Eight Africa Energy […]

Abbey Mortgage Bank Cleared of Insider Trading Allegations Abbey Mortgage Bank Plc has been cleared of allegations regarding insider trading during a closed period, as initially stated in the Nigerian Exchange’s X-Compliance Report. After a review of the circumstances surrounding the case, the Nigerian Exchange (NGX) has decided not to enforce any penalties against the […]

Dangote in Market for 2mln Barrels of US Crude Dangote refinery is looking for millions of barrels of U.S. crude oil, according to a document seen by Reuters. The 650,000-barrel-a-day refinery, which is hoping to emerge at full capacity to become the continent’s largest this year or next, is in the market for two million […]

Dangote Sugar Opens 181-day C/Papers for Subscription at 20.65% Dangote Sugar Refinery Plc has opened its series four and five commercial papers for subscription at the coupon rate of 20.6511% for 181-day bills, translating to 23% yield on investment placement. The company’s also open commercial paper with 265 days tenor at 21.1669% or 25% yield […]

Emirates to Resume Lagos-Dubai Flights October 1 amidst Visa Ban Amidst visa ban, Emirates Airlines says it will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai. In an official statement released on Thursday, the airline, with its hub in the United Arab Emirates (UAE), said flight services […]

Equities Investors Gain N467bn as Airtel Rebounds Equities investors wealth increased by about N467 billion on Thursday due to about 9% valuation surge recorded by Airtel Africa, supported by others. The telecom company had shed weight in the market following an unimpressive earnings performance. Due to size advantage of the market mover, buying interest in […]

NECO Denies Extending Closing Date for 2024 SSCE Internal Registration The National Examinations Council (NECO) says it has not extended the closing date for the 2024 Senior School Certificate Examination (SSCE) internal registration. The Council said this in a statement in Abuja on Thursday, by its Acting Director, Directorate of Information and Digital Communication, Mr […]