VFD Group to Raise N30bn, Divests interest in Abbey Mortgage

VFD Group to Raise N30bn, Divests interest in Abbey Mortgage VFD Group has revealed a plan to raise N30 billion from the capital market, subject to its shareholders approval at…

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Airtel Africa Steadies N8trn despite Unusual Trade Volume

Airtel Africa Steadies N8trn despite Unusual Trade Volume Airtel Africa Plc.’s market valuation or capitalisation was unchanged despite large transactions conducted on the telecommunications stock. Its share price remained flat…

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Interest Rate on 1-Year OMO Bill Drops by 10bps

Interest Rate on 1-Year OMO Bill Drops by 10bps The interest rate offered on one-year open market operations (OMO bills) crashed during the monetary authority’s primary market auction on Monday.…

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Naira Depreciates to N1467.95, Lost 6.4% in May

Naira Depreciates to N1467.95, Lost 6.4% in May The naira depreciated further on Tuesday over persistent US dollar demand surge by eligible participants at the Nigerian autonomous foreign exchange market.…

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Sahara Group Strengthens Downstream Business with Appointments

Sahara Group Strengthens Downstream Business with Appointments Sahara Group has announced a series of strategic appointments aimed at advancing the expansion of the group’s downstream business in Africa. The company…

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Equities Investors Lose N69bn as Financial Stocks Fall

Equities Investors Lose N69bn as Financial Stocks Fall The equities market capitalisation of the Nigerian Exchange (NGX) dipped by more than N69 billion on Tuesday as investors began fresh profit…

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Projects: Dangote, Lafarge, BUA to See Solid Growth in 2024 –Analysts

Projects: Dangote, Lafarge, BUA to See Solid Growth in 2024 –Analysts Nigeria’s cement companies are expected to see better growth performance in 2024 as government ramp up capital projects spending. …

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Alpha Mead Registers N5bn Commercial Paper Programme on FMDQ

Alpha Mead Registers N5bn Commercial Paper Programme on FMDQ Alpha Mead Facilities & Management Services Limited has registered N5 billion commercial paper programme on FMDQ platform, according to an official…

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IATA Partners Emirates, Airbus on CBTA

IATA Partners Emirates, Airbus on CBTA The International Air Transport Association (IATA), Emirates, and Airbus have joined forces to deliver a Competency-Based Training and Assessment (CBTA) programme for the Airbus…

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Stranded Super Eagles Players now in Uyo – Olajire

Stranded Super Eagles Players now in Uyo – Olajire Ademola Olajire, Director of Communications, Nigeria Football Federation (NFF), on Tuesday confirmed that the stranded Super Eagles players in Lagos and…

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