AFDB approves $11m to support SMEs The African Development Bank (AfDB) Group, at the weekend, approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances AfDB’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing,[Read More…]
Seplat expresses believe of completing $1.3b ExxonMobil acquisition Seplat Energy Plc has expressed its commitment to completing the purchase of Nigerian oil and gas assets from ExxonMobil Corporation, a deal that has been held up by the Federal Government for more than a year. The Lagos and London-listed[Read More…]
World Energy review reveals slump in Nigeria’s gas production • LNG Exports Drops To 19.6bcm, Lowest In Last Decade This may not be the best of time for Nigeria’s hydrocarbon sector, as its natural gas production declined to 40.4 billion cubic meters (bcm) in 2022. The June 2023 Statistical Review[Read More…]
Stock roundup: Investors trade N41.5bn shares in three days Investors in the Nigerian capital market traded 2.314 billion shares valued at N41.547 billion in 28,095 deals in three days last week. This however fell short of the 3.369 billion shares worth N41.986 billion traded by shareholders in 39,764 deals the[Read More…]
Sterling Bank launches tech-based solutions for stakeholders in the Nigerian education sector. Sterling Bank has recently launched Edubanc; an innovative tech-based solution to provide banking and social services for stakeholders in the education sector. The bank in a release said, the solution aims to improve current learning outcomes and business[Read More…]
FirstBank Introduces the First Humanoid Robot FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch. The robot is among the phased configuration of the banks state-of-the-art digitally led self-service branch. The Humanoid Robot is equipped with Video Banking and[Read More…]
Caption: L-R: MD/CEO FIDELITY Bank Plc, Mrs. Nneka Onyeali-Ikpe; MD/CEO NEXIM Bank, Mr. Abubakar Bello and founder Sapphital Learning Limited, Mr. Amu Ogbeide during the signing of the NEXA Memorandum of Understanding between Fidelity Bank, NEXIM Bank and Sapphital in Abuja. NEXIM partners Fidelity Bank, and Sapphital to[Read More…]
Naira sells N763/$ at CBN window, trading rises The naira has appreciated by 0.68 per cent against the United States dollar on the Investor & Exporter forex window. The local currency closed at N763/$ on Tuesday, compared to N768.17/$ at the close of trading on Monday. There was no trading[Read More…]
NACCIMA urges FG to Refrain from Merging FIRS, NIMASA, NCS The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has urged the Federal Government to refrain from implementing its proposed merger of the Federal Inland Revenue Service (FIRS), Nigerian Maritime Administration and Safety Agency (NIMASA) and[Read More…]
Tinubu renames airports after Buhari, Awolowo, Okadigbo, others President Bola Tinubu has announced the renaming of several federal airports after some prominent leaders in Nigeria. The Airport renaming was announced in a memo released by the Federal Ministry of Aviation and signed by the Director of Airport Operations,[Read More…]
