From Left: Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange (NSE); Akin Akinfemiwa, Group Chief Executive Officer, Forte Oil Plc and Oluwatoyin Sanni, Group Chief Executive Officer, United Capital Plc at the listing of Forte Oil Plc N9 Billion Series 1:5 year fixed rate unsecured bond at the NSE yesterday. Advertisement

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The Nigerian Stock Exchange has listed a firmly underwritten N9 billion bond for Forte Oil as part of the planned N50 billion bond issuance programme for the leading energy company. The proceeds of the N9 billion Series 1, Five Year bond will be deployed to refinance existing short term commercial bank loan obligations and to expand downstream retail outlet footprints …

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Nigeria’s finance minister, Kemi  Adeosun  says the country will not apply for an IMF, International Monetary Fund loan as it is pursuing its own economic reform plan. “For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance of payments problems per se, it has a fiscal problem,” Adeosun …

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Nigerian Breweries Plc has reported a 27.3 per cent fall in its profit before tax for the 2016 financial year. Its 2016 group profit before tax tumbled to N39.62 billon from N54.51bn recorded a year ago. The firm’s group revenue for the 2016 financial year stood at N313.74 billion compared to N293.91bn posted a year ago. The company said it …

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The Minister of Communications, Adebayo Shittu, has urged MTN Nigeria to list its shares on the Nigerian Stock Exchange, describing it as important for the company. MTN, which is Africa’s biggest mobile phone operator, had said it aimed to list its Nigerian unit on the local bourse but has given no date. “I want to appeal to you that you …

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President Muhammadu Buhari on Tuesday thanked millions of Nigerians who have been sending good wishes and praying for his health and well-being in mosques and churches throughout the country. In a statement by the Special Adviser on media and publicity, Femi Adesina, the President said that he was immensely grateful for the prayers, show of love and concern. He also reassured Nigerians …

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The Director General, National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, has sought the appropriation of over N113 billion for the 2017 retirees of the Federal Government, against the initial N50.2 billion submitted in the 2017 Appropriation Bill, thereby resulting in a shortfall of almost N63 billion. The PenCom boss disclosed this in a memorandum submitted to the National Assembly Joint …

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The Executive Secretary of the Nigeria Christian Pilgrim Commission (NCPC), Rev. Tor Uja has said that Christian pilgrimage is an opportunity given to us by God.   He made the disclosure at the Daughters of Abraham Retreat and Conference Centre, (DRACC), Lugbe, Abuja during the orientation and flag off ceremony for intending pilgrims of the 2016 pilgrimage completion exercise to …

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The Central Bank of Nigeria, CBN, on Monday unveiled new foreign exchange, forex, policy, and directing “all banks to open FX retail outlets at major airports as soon as logistics permit”. A statement by the Bank’s acting Director, Corporate Communications, Isaac Okorafor noted that the new policy is part of the efforts “to ease the difficulties encountered by Nigerians in obtaining funds …

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“Nigeria is committed to sustainable economic development. The Lagos Event is a concrete step in the process of developing and issuing our 2017 sovereign green bonds program ‘- Amina Mohammed, Minister of Environment. Nigeria’s aspiration to become a green economy inches closer as The Federal Government meet investors and Capital Markets Operators in Lagos for the first ever Green Bonds …

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