The African Development Bank (AfDB) has announced plans to extend a $500m loan to Nigeria this year as part of a $1bn budget support programme, citing the country’s ongoing economic reforms under President Bola Tinubu as a major factor driving its decision. Executive Director representing Nigeria and São […]
Category: Popular
Most Popular
SEC DG pushes for Capital Market integration to unlock West Africa’s growth
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged West African countries to accelerate the integration of their capital markets, describing it as the only way to mobilise the scale of investment needed to drive the region’s development. Speaking at the Experts Meeting […]
PENGASSAN Warns of Possible Escalation if Dangote Fails to Honour Agreements …Says Will Use “Every Instrument” to Defend Members
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has warned that it will not hesitate to escalate actions if Dangote Refinery fails to honour commitments reached with the Federal Government in resolving recent disputes over the termination of workers. The union, which suspended its […]
PENGASSAN Strike: Economist Warns of Investor Concerns, Urges Attention to Low-Income Oil Workers
An economist, Kelvin Emmanuel, has criticised the ongoing strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), warning that the industrial dispute with the Dangote Refinery could undermine investor confidence in Nigeria. He also called on labour unions to shift greater focus toward the plight […]
Afreximbank, LCCI Partner to Empower Nigerian SMEs Through AfCFTA Opportunities
African Export-Import Bank (Afreximbank) and the Lagos Chamber of Commerce and Industry (LCCI) have strengthened partnership to boost the participation of Nigerian small and medium-sized enterprises (SMEs) in intra-African trade, underscoring the country’s drive to harness the benefits of the African Continental Free Trade Area (AfCFTA). The partnership, which supported […]
Ecobank Completes Mozambique Exit with FDH Bank Acquisition
Ecobank Transnational Incorporated (ETI) has announced the completion of the divestment of its Mozambique subsidiary, Ecobank Mozambique S.A., to FDH Bank Plc, marking the lender’s full exit from the southern African country. The transaction, which was first disclosed on August 5, 2025, received all necessary regulatory approvals before […]
Coronation Securities Limited Clinches Dual Recognition as Africa’s Premier Trading Platform …Brands Review Magazine and International Finance Awards honour Nigeria’s fastest-growing securities brokerage
Coronation Securities Limited has secured two prestigious industry accolades, cementing its position as Africa’s leading securities trading and brokerage platform. The firm received the Best Securities Trading and Brokerage – Africa 2025 award from Brands Review Magazine, whilst the International Finance Awards recognised it as the Fastest Growing Online Trading […]
Afriland Towers: United Capital Group Holds Memorial Service for Deceased Colleagues
Afriland Towers: United Capital Group Holds Memorial Service for Deceased Colleagues United Capital Group held a solemn and befitting memorial service in honour of six colleagues who tragically lost their lives on Tuesday, September 16, 2025, following a fire incident at Afriland Towers, the company’s Lagos headquarters. The service, […]
CBN Licenses Finance Firm to Boost Non-Bank Financial Services
The Central Bank of Nigeria (CBN) has granted an operating licence to Apices Finance Company Limited to function as a finance company under the Bank and Other Financial Institutions Act (BOFIA) 2020, marking a significant step toward strengthening the non-bank financial services sector. The approval, which was conveyed […]
Seplat Targets 50% Output Growth to 200kboepd, $6bn Cashflow by 2030 ……. Sets $1bn Dividend Payout Goal
Seplat Energy Plc has unveiled a five-year targets aimed at transforming it into Africa’s leading independent energy producer, including plans to grow production by 50 per cent to about 200,000 barrels of oil equivalent per day (kboepd) and generate cumulative cashflow from operations of up to $6bn by […]