Business

The Nigerian Stock Exchange (NSE) is pleased to announce the listing of the N10.69billion, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48% on the Exchnage by Debt Management Office (DMO) on Friday, July 20, 2018. On the same day, the NSE also held a pre-listing conference for market participants, themed, ‘Exploring the Green Financing Opportunity: Green Bonds …

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Group Chief Executive Officer of Dangote Cement, Joe Makoju has revealed that the company has invested a whopping $3B to build manufacturing plants and import/grinding terminals across Africa. The company’s operations, according to Makoju are in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.5Mta import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.7Mta import), South Africa (2.8Mta), Tanzania (3.0Mta), Zambia (1.5Mta). …

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The Delta State Government has commended sons and daughters of the Ubulu Uku, in the diaspora in the Aniocha South area of the state for their support to the government’s developmental efforts in making life more meaningful to the people of the area. The government’s commendation came in the wake of successful inauguration and connection to national grid, of a …

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The Apapa Area 1 Command of the Nigeria Customs Service said it generated N176.75 billion in the first half of 2018, an increase from the N165.74 billion it generated during the same period in 2017. The command’s Spokesman, Mrs Nkeiruka Nwala, made this known in an interview with the News Agency of Nigeria in Lagos on Friday. Nwala said the increase in …

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Great news for the Nigerian debt markets as the establishment of a corporate benchmark for the shortend of the debt curve looks set to becoming a possibility! In another note-worthy and commendable event in the FMDQ markets, the Dangote Group, known to be the largest indigenous industrial conglomerate in Sub-Saharan Africa, through its subsidiary, Dangote Cement PLC, Africa’s largest cement …

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More winners have emerged in the DiamondXtra Season 10 scheme as the Bank recently unveiled 1,016 winners in the second quarterly draw held at its Asa – Afariogun, Ajao Estate, Lagos branch. Addressing journalists after the draw, Osita Ede, Head Mass Market at the Bank said that DiamondXtra Season 10 promises bigger and better rewards for the esteemed customers of …

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A Federal high court sitting in Lagos south west Nigeria has ordered Former minister of Transport Major General Mohammed Magoro (retired)to pay a debt of N104, 061,683 to Skye bank Plc.        The judgment of the court was sequel to a debt recovery suit filed by Skye bank Plc against Major General Magoro and a limited Liability company Automobile Manufacturers Company limited. …

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The Board of Directors of Ecobank Nigeria Limited is pleased to announce, the appointment of Patrick Akinwuntan as the Managing Director designate of Ecobank Nigeria, subject to the approval of the Central Bank of Nigeria. Prior to this appointment, Patrick was the Group Executive, Consumer Banking responsible for leading the Consumer Banking business across Ecobank’s global network of 40 countries, …

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Nigerians have again been advised to desist from investing their money in investments that offer unreasonable levels of returns at little risk to investors. This was stated by Ag. Director General of the Securities and Exchange Commission (SEC) Ms. Mary Uduk during a Town Hall meeting on Current Initiatives by the SEC Nigeria to enhance investor value held in Port …

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The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has stressed the need for robust population management policies. Senator Udoma who was speaking at an interactive session at the ongoing Parliamentary Open Week, which kicked off at the National Assembly in Abuja on Monday, told the lawmakers that population management is one of the 60 key programmes set …

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