Eterna Plc, one of Nigeria’s leading integrated energy companies, has taken a major step to strengthen its financial position with the launch of a rights issue valued at about N21.52 …
BusinessCorporate AffairsEconomyEnergyFinanceINVESTMENTNigeria
Category:
INVESTMENT
- BankingCapital MarketsCorporate ServicesDebt Management,FinanceINVESTMENT
Ecobank Nigeria Launches $300 Million Tender Offer for Senior Notes
Ecobank Nigeria Limited has announced the launch of a tender offer for its outstanding U.S.$300 million, 7.125 per cent Senior Note Participation Notes due 2026, in a move aimed at …
- CommunityINVESTMENTNigeriaPoliticsReligionSecurity
Fresh Wave of Attacks Hits Niger and Abuja as Banditry Surges Again
Exactly one week after over 300 students were kidnapped from St. Mary’s Catholic School in Papiri, Agwara Local Government Area of Niger State, another deadly attack has hit the state. …
- BusinessCapital MarketEconomyFinanceINVESTMENTNewsNigeria
Nigerian Equities Market Loses N444bn as Selloffs Hit Major Stocks
Nigeria’s equities market closed lower on Wednesday after a fresh wave of selloffs dragged several key stocks into negative territory, ending the market’s bullish momentum. The downturn wiped off about …
- BusinessCorporate AffairsFinanceINVESTMENTPensionRegulation
PenCom Approves Leadway’s Full Acquisition of PAL Pensions
The National Pension Commission (PenCom) has given regulatory approval for Leadway Holdings Limited to acquire Pensions Alliance Limited (PAL Pensions), marking a major shift in Nigeria’s pension industry. The approval …
- Capital MarketFinanceGOVERNMENTInfrastructureINVESTMENTLagos News
Lagos State’s Latest Bond Issuance Records 70% Oversubscription
Lagos State has continued to strengthen its position in Nigeria’s capital market as the government’s latest bond issuance received overwhelming support from investors. The Lagos State Commissioner for Finance, Abayomi …
- AgribusinessAgricultureEconomyFinanceINVESTMENTNigeria
Valency Agro Nigeria Completes N13bn Commercial Paper and Exports
Valency Agro Nigeria Limited has strengthened its position as one of Nigeria’s leading agro-processing and export companies with the completion of a N13bn Commercial Paper issuance. The issuance, which is …
- BusinessCentral BankingEconomyFinanceINVESTMENTNewsNigeria
S&P Upgrade Boosts Confidence in Nigeria’s FX Reforms and Economic Outlook
Nigeria’s recent upgrade by S&P Global Ratings to a “positive” outlook has strengthened confidence in the Central Bank of Nigeria’s (CBN) ongoing currency reforms and economic policies. Analysts say the …
- FinanceGhana EconomyGovernanceINVESTMENTPetroleum
Ghana Parliament Approves Review of Petroleum Revenue Management
The Ghanaian Parliament on Tuesday adopted a report recommending a review of the Petroleum Revenue Management Act, Act 815, to allow the government to invest petroleum revenues in ways that …
- BankingBusinessEconomyFinanceINVESTMENTStock Market
Nigerian Stocks Extend Losses as Profit-Taking Wipes Out N471.99bn
The Nigerian Exchange Limited (NGX) opened the week on a negative note as persistent profit-taking dragged the All-Share Index (ASI) down by 0.50 per cent to close at 148,781.90 points …