UAE Launches $4.5bn Clean Energy Support Initiative For Africa The United Arab Emirates (UAE) has made a significant pledge of $4.5 billion to support clean-energy projects in African nations. The UAE, is the host of this year’s United Nations climate summit. This substantial commitment is a collaborative effort involving[Read More…]
NGX RegCo Urges Banks To Embrace ESG Following Nigeria’s commitment to adopt the International Sustainability Standards Board (ISSB) standards, the chief executive officer of NGX Regulation Limited (NGX RegCo), Tinuade Awe has emphasised the importance of banks swiftly integrating environmental, social, and governance (ESG) principles into their business strategies.[Read More…]
MTN Nigeria targets net zero emissions with green energy investment MTN Nigeria has announced significant investments in clean energy technologies as part of its efforts to reduce emissions and support Nigeria in achieving its 2050-2070 net zero greenhouse gas (GHG) emission commitments. The largest telecommunication provider, MTN disclosed this[Read More…]
CBN to clear forex obligation backlog in two weeks Nigerian businesses from manufacturers to importers, who have been on a long queue for dollars may have cause to heave a sign of relief as the Central Bank of Nigeria (CBN) has announced plans to clear foreign exchange (Forex) backlog[Read More…]
Fidelity records PBT of N76.3bn for H1 2023 ……Declares interim dividend of 25 kobo Per Share Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A[Read More…]
Airbus opens Hamburg A321XLR equipment installation hangar Airbus has opened a new automated A321XLR equipping hangar in Hamburg. It was officially opened by Hamburg’s First Mayor Peter Tschentscher and German Aerospace Coordinator Anna Christmann. A statement by the media consultant to the company in Nigeria, said that with this,[Read More…]
IMF Sees Interest Rates Remaining High For ‘Quite Some Time’ says Gopinath Emerging markets will face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars in annual climate change costs, the International Monetary Fund (IMF), has said. Gita[Read More…]
Business Activity Falls Amid Record Increase In Selling Prices – Report Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report says Nigerian private sector business activity dipped into contraction midway through the third quarter of the year as severe and strengthening price pressures acted to diminish demand. According[Read More…]
Afreximbank signs MoU with UAE to promote intra African trade The African Export-Import Bank (Afreximbank) signed an MOU with the United Arab Emirates (UAE) Trade Center, to promote the TRADAR Club solution in the market. The Cooperation Agreement, signed between Afreximbank and the UAE Trade Center on the sidelines[Read More…]
Seplat Joins N1 trillion valuation group as shares soars The indigenous oil and gas gas company, Seplat Energy Plc has joined the exclusive group of stock worth over one trillion naria. Seplat achieved this feat recently as its share price increased to N1837 per share to hit N1.08 trillion[Read More…]
