Airtel Africa Begins Mopping Up Shares to Reduce Capital
Airtel Africa Begins Mopping Up Shares to Reduce Capital Airtel Africa has commenced a share buy-back programme as the company seeks to reduce its share capital in 2024, according to…
Naira Exchange Rates Gap Collapse to N40
Naira Exchange Rates Gap Collapse to N40 As the naira starts to heal from multiple pressures, the gap between official and parallel market exchange rates has reduced to N40, according…
Lafarge Africa Profit Slides to N54bn in 2023
Lafarge Africa Profit Slides to N54bn in 2023 Lafarge Africa grew revenue by 8.6% year on year to N405.50 billion in 2023 from N373.25 billion in financial year 2022. The…
Nigerian Companies Experienced Salaries Payment Difficulties
Nigerian Companies Experienced Salaries Payment Difficulties The Nigerian private sector recovery gathered momentum at the start of 2024, with rates of expansion in output and new orders accelerating sharply, according…
Nigerian Exchange Halts Losing Streaks with N370bn Gain
Nigerian Exchange Halts Losing Streaks with N370bn Gain The Nigerian Exchange (NGX) equities market halted its three days loss making streaks with N370 billion daily gain on Thursday. The market…
FG to Commence Distribution of 42,000mt of Grains in Niger
FG to Commence Distribution of 42,000mt of Grains in Niger Federal Government says it will commence the distribution of the 42,000 metric tonnes of grains approved by President Bola Tinubu…
Oil Industry Needs $14trn Investment to Meet Global Demand – OPEC
Oil Industry Needs $14trn Investment to Meet Global Demand – OPEC The Organisation of the Petroleum Exporting Countries (OPEC) says the oil industry will require about 14 trillion dollars in…
Nigeria Imposes Annual Levy on Companies Employing Foreigners
Nigeria Imposes Annual Levy on Companies Employing Foreigners Nigeria has imposed a mandatory annual levy for organisations employing expatriate workers, requiring them to pay $15,000 for a director and $10,000…
T-Bills Yield Rises by 20bps as Investors Take Profit
T-Bills Yield Rises by 20bps as Investors Take Profit Selloffs in treasury bills instruments triggered a 20 basis points yield surge in the secondary market, traders said in their separate…
NNPCL, OPEC Collaborate to Attract Investments, Grow Production
NNPCL, OPEC Collaborate to Attract Investments, Grow Production The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work closely…