June 14
Nigeria: Gtco Issues Notice of Proposed N500bn Public Offering
Guaranty Trust Holding Company Plc (GTCO) Plc, has filed a preliminary "red herring" prospectus (Red Herring Prospectus) with the Securities and Exchange Commission (SEC) in… Read more »
Nigeria: Nanta Commends Tinubu Over Payment of Trapped Funds
The National Association of Nigeria Travel Agencies (NANTA) has commended the federal government and its relevant agencies for the speedy resolution of the vexatious trapped funds… Read more »
Rwanda: Rwanda to Host 100 Most Notable African Leadership, Business Summit 2024
The 100 Most Notable African Leadership and Business Summit 2024, organized by 100 Most Notable Peace Icons Africa and Davdan Peace and Advocacy Foundation, will take place at the… Read more »
Nigeria: NEITI Backs Tinubu On Climate Change, Green Economy Solutions
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday lauded what it described as the renewed political commitment of President Bola Tinubu towards… Read more »
Nigeria: Nigerian Airlines Poor Maintenance Culture Fuels Low Capacity, High Fares
It has emerged that the inability of Nigerian owned airlines to maintain their aircraft is worsening the prohibitive fares and low capacity Read more »
June 13
Nigeria: Troops Kill 197 Terrorists, Destroy 43 Illegal Refining Sites in One Week
The Defence Headquarters (DHQ) Thursday, said that troops across all theatres of operations have killed no fewer than 197 terrorists, apprehended 310 and uncovered and demobilized… Read more »
Nigeria: I Have Paid $2.4 Billion of $5.5 Billion Borrowed to Build Refinery, Eyes Steel Production - Dangote
Africa's richest person and founder of the Dangote Group, Mr Aliko Dangote, yesterday disclosed that he had already offset about $2.4 billion of the $5.5 billion he borrowed to… Read more »
Nigeria: No Deal With Govt On N62,000 Minimum Wage Offer - NLC to Tinubu
The Nigeria Labour Congress (NLC) yesterday stressed that the organised labour had not reached any agreement with the federal government and members of the organised private sector… Read more »
Nigeria: Grid Shutdown - Labour Goofed On SGF Akume
It's worth recalling here that Pope Paul VI, head of the Roman Catholic Church and sovereign of the Vatican City State from 21 June 1963 to his death on 6 August 1978 once shared… Read more »
June 12
Nigeria: No Deal With Govt On U.S.$41 Minimum Wage Offer - Labour
The Nigeria Labour Congress (NLC) has said that organised labour neither reached any agreement with the Federal Government and the employers on the base figure for a National… Read more »
June 11
Nigeria: Labour Unions - Between Strike and Terrorism
The Advocate Read more »
East Africa: Access Bank Completes Acquisition of Tanzania's Bancabc, Consolidates East African Operations
·Fitch Ratings upgrades Coronation Merchant Bank to 'B-', stable outlook Read more »
Nigeria: Police Working On Modern Technologies to Stop Kidnapping in Nigeria, Says Dig Alabi
The coordinating Deputy Inspector-General of Police (DIG) in charge of Southwest, Sylvester Alabi, has said the Nigeria Police Force was already working on the use of modern… Read more »
West Africa: Nigeria's Crude Oil Export Rises Over 50 Percent, Hits $15.4tn in Q1
Nigeria's crude oil production made significant recovery in the first quarter of 2024, with the country raising its export of the commodity by 50.2 per cent to N15.4 trillion… Read more »
Nigeria: Savannah Announces 23,600bpd Oil Production, $260.9m Earnings
Savannah Energy Plc, a British independent energy company operating in Nigeria has announced its performance for last year, with its production total revenues as at December 31… Read more »
Nigeria: IEA - Global Spending On Clean Energy Infrastructure to Hit $2tn in 2024
Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and… Read more »
Nigeria: Onukwue - Bank Recapitalisation Will Revive Primary Market
The Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Mr Sam Onukwue has stated that with the proposed new capital requirements of banks, shall spur activities… Read more »
Nigeria: Aradel Declares N170 Dividend Per Share As Shareholders Approve Listing of Firm On Ngx
Aradel Holdings Plc, an integrated indigenous Nigerian energy company, has announced a final dividend of N170 per share for its shareholders having recorded an impressive financial… Read more »
June 12
Africa: Nigeria Intensifies Bid to Host $5bn Africa's First Energy Bank, Meets With APPO Countries' Envoys
The federal government last night went a step further in its bid for Africa's first energy bank, meeting with envoys of members of the Africa Petroleum Producers Organisation… Read more »
Nigeria: NUPRC Slashes Signature Bonuses for Oil Blocks to $10m for Deepwater, $7m for Shallow Water
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has cut the bonuses payable by awardees in the 2022 and 2024 bid rounds to a maximum of $10 million for deepwater… Read more »
Nigeria: Nigeria's Advertising Industry Worth N605.2bn in 2023 - PWC Report
A new PwC's report has revealed that the Nigerian advertising industry (marketing communication) recorded an estimated spending of N605.2 billion in 2023, with a projection to hit… Read more »
June 10
Nigeria: Oando Announces $550m Participation in Nnpcl's Crude Oil-Backed Project Gazelle
Oando Plc, an indigenous energy company, at the weekend announced a successful $550 million participation in the Project Gazelle financing deal, raising the total disbursed amount… Read more »
Nigeria: Bakrin - Sugar Sector Reforms to Unlock Quality Jobs for Nigerians As Council Targets 2mmt By 2032
*Unveils robust initiatives to develop host communities, reduce hostilities Read more »
June 09
West Africa: Nigeria and the Minimum Wage Debate
The debate paints the country in bad shape, reckons Victor C. Ariole Read more »
June 10
Nigeria: It's Time to Own the EFCC
To see it succeed, the Nigerian people must own the Economic and Financial Crimes Commission and its battle against graft. Olawale Olaleye writes. Read more »