AfDb approves $20 million for eco-friendly projects, including Nigeria
The African Development Bank’s Board of Directors has invested $20 million investment in the Pembani Remgro Infrastructure Fund II which will operate across various African nations, including Nigeria, focusing on…
DMO raises N312 billion FGN Bond in August 2023 auction
The Debt Management Office (DMO) has announced the results of the August 2023 FGN bond auction. According to information seen on DMO website, the auction featured the re-opening of four…
Nigeria’s inflation rose to new high of 24.08% year on year in July
Kayode Ogunwale In July 2023, the headline inflation rate rose to relative to June 2023 headline inflation rate which was Looking at the movement, the July 2023 headline inflation…
Nigeria’s Forcados crude oil exports resume after a month-long halt
Exports of Nigeria’s Forcados crude oil resumed on Sunday, according to a Shell spokesperson. The loadings of the medium sweet grade had been suspended for about a month due to concerns about…
NNPCL denies increasing fuel pump prices at retail stations
The Nigerian National Petroleum Company Limited (NNPCL) has said that it is not planning to increase fuel pump prices at its retail stations. The Nigerian National Petroleum Company Limited (NNPCL)…
Fidelity Bank gets shareholder approval to increase share capital
Fidelity Bank Plc has passed a resolution to increase its share capital from N16 billion to billion, paving the way for its planned public offer to begin. Fidelity Bank PLC…
FBN Holdings Plc to proceed with AGM despite court order
FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, has announced that it will go ahead with its Annual General Meeting (AGM) scheduled for August 15, 2023,…
Court prevents FBN Holdings From holding AGM
The Federal High Court sitting in Lagos has granted an interim order restraining FBN Holdings Plc from holding its Annual General Meeting (AGM) fixed for Tuesday, August 15, 2023, pending…
Moises Caicedo transfer news: Chelsea sign Brighton midfielder for £100m
Chelsea have completed the signing of Brighton midfielder Moises Caicedo for a £100m fee that could rise to a British club record of £115m. Liverpool agreed a £111m deal for the 21-year-old…
CBN Promises To Improve Forex Liquidity In Coming Days
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, says the apex bank will, in the next few days, be taking steps to improve the liquidity in…