The Federal Government's palliative transport initiative is aimed at providing subsidized fares to commuters in 12 states, including Edo and the Federal Capital Territory (FCT).
The plan, implemented in collaboration with unions and key transport companies, aims to cushion the...
Vitafoam Nigeria PLC proposed a dividend of N1.05 per share, amounting to N1.375 million, for approval by shareholders at its 63rd Annual General Meeting (AGM), scheduled for March 6, 2025 in Lagos.
This comes as the group's net assets,...
As several African nations continue to grapple with economic instability, many have turned to the International Monetary Fund (IMF) for financial assistance, resulting in significant debt obligations.
These loans, while aimed at stabilizing economies, often come with strict conditions that...
The African Center for Credible Leadership (ACCL) has praised the Dangote Refinery for its innovative impact on Nigeria's fuel subsidy regime and its recent reduction in fuel prices.
In a statement signed by its President, Dr. Ifure A. Ifure, the...
The Federal Government, through the Ministry of Finance Incorporated (MOFI), will partner with financial giant Bloomberg in a two-year initiative aimed at showcasing Nigeria's economic potential and attracting foreign investment.
In a meeting held at his Abuja office, the Minister...
The naira appreciated against the dollar on Monday, boosted by a moderate inflow of foreign currencies into the Nigerian economy.
At the Nigerian Foreign Exchange Market (NFEM), the local currency gained N3 to close at N1,538 per dollar, improving from...
AMID Nigeria's high interest rate environment, three major companies (Dangote Sugar Refinery Plc, Dangote Cement Plc and Lagos Free Zone Company) have collectively raised N110.93 billion through commercial paper (CP) issuances.
These transactions highlight the companies' innovative approaches to securing...
In line with the desire of the current leadership of the Securities and Exchange Commission (SEC) to ensure market development and ongoing investor education, the Nigerian Capital Market Institute (NCMI), the training subsidiary of the Securities and Exchange Commission,...
Aliko Dangote, Chairman of Dangote Industries Limited, has commended President Bola Ahmed Tinubu for the economic relief brought by the crude oil for naira exchange initiative.
The policy allows local refiners to buy crude oil in naira and sell refined...
The Nigerian National Petroleum Company Limited (NNPCL) has refuted reports that the revived Port Harcourt refinery has been shut down, stating that the facility is fully operational.
The national oil company, in a statement signed by its spokesperson, Olufemi Soneye,...
Synergy Between Digital Financial Services and Industry Drives Long-Term Growth
Honda Capital Financial Platform (HCFP) is an emerging financial platform...
