Total investments in Dangote Refinery, Fertiliser plants now $21bn –FG
The Federal Government has revealed that total investments in the Dangote Refinery and Fertiliser company has now risen to $21.2…
Nigeria to Borrow N720 Billion in 3-Month- DMO
The Debt Management Office (DMO) has released a schedule of local borrowings of about N720 billion by the Federal Government…
Equinix Completes Acquisition of MainOne for $320Mn
Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company, today announced it has completed its deal to acquire West African…
Oil marketers’ peg petrol consumption at 14.2m litres/day
The Major Oil Marketers Association of Nigeria (MOMAN) has pegged Nigeria’s Premium Motor Spirit (PMS) consumption at a dailyaverage daily of…
Subsidy may hit N4trn by year end –CPPE
Amidst current subsidy trajectory and the economic implications of the Russian invasion of Ukraine, the Centre for Promotion of Private Enterprises…
Zenith Bank MD/CEO Earns N246 Million As Executive Compensation In 2021
The CEO and MD of Zenith Bank, Ebenezer Onyeagwu received a sum of N246 million as salary in 2021 from…
NASD Nears N1trn as Access Bank Goes to OTC Exchange
National Association of Securities Dealers (NASD) over-the-counter market capitalisation was boosted by the admission of Access Bank Plc on…
CBN interventions, Naira depreciated by N22 on the black market in Q1 2022
The black market exchange rate closed negative on the 31st of March 2022 at N587/$1. Despite multiple interventions by the…
CBN increases forex allocation to banks
The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to…
