Non-interest financial institution TAJBank has signed the completion agreement for the second tranche of its N100 billion Mudarabah Sukuk bond programme, valued at N20 billion. The agreement was formally concluded …
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Finance & Services
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Banking, Finance & InvestmentFinance & ServicesInsuranceINVESTMENTMarketsNigeria
TAJBank Signs Completion Agreement for N20bn Second Sukuk Bond Tranche
Non-interest financial institution, TAJBank Limited, has signed the completion agreement for the N20 billion second tranche of its N100 billion Mudarabah Sukuk bond programme. The agreement ceremony took place on …
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Banking, Finance & InvestmentBusinessEntrepreneurshipFinance & Services
Keystone Bank Wins SME-Friendly Bank Award for 2024
Keystone Bank Limited has been recognised as the “Most Friendly SME Bank of the Year 2024” at the Champion Newspapers Annual Awards, which took place over the weekend in Lagos. …
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AfricaAFRICA NEWSBusiness and EconomyBusiness PoliciesEconomyFinance & ServicesGOVERNMENTInternational RelationsINVESTMENTPolicies
Africa to Launch Own Credit Rating Agency to Boost Financial Sovereignty
Africa is set to establish its own credit rating agency, the African Credit Rating Agency (AfCRA), as part of a bold move to challenge the dominance of global rating giants …
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Banking, Finance & InvestmentEconomyFinance & ServicesNigeriaTechnology
Lovonus MFB Boss Says Microfinance Banks Are Lifeline for Millions of Nigerians
The Managing Director and Chief Executive Officer of Lovonus Microfinance Bank, Mr. Adeola Ayibiowu, has said that microfinance banks (MFBs) remain the only banking option for millions of Nigerians, especially …
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British independent energy company, Savannah Energy Plc, has announced its financial results for the year ended 31st December 2024, with a total income of $393.8 million, marking a significant increase …
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BusinessEconomyFinance & ServicesManufacturingMarketsNigeria
Morison Industries Cuts Loss to N18.55bn in Q1 2025
Morison Industries Plc has reported a loss of N18.55 billion for the first quarter ended March 31, 2025, an improvement from the N28.46 billion loss it recorded in the same …
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DevelopmentEconomyFinance & ServicesGOVERNMENTHealthcareNigeria
Afreximbank, BoI Sign $75m Deal to Boost Local Drug Manufacturing.
In a significant move to strengthen Nigeria’s healthcare manufacturing capacity, the African Export-Import Bank (Afreximbank) and the Bank of Industry (BoI) have signed a $75 million financing term sheet under …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTInternational RelationsMarketsPoliciesSouth Africa
South African’s Rand Steady as Global Markets Await U.S.-China Trade Talks
JOHANNESBURG, South Africa – June 9, 2025: The South African rand opened the week on a quiet note, holding steady against the U.S. dollar in early trading on Monday. The …
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CryptocurrencyFinance & ServicesINVESTMENTNigeria
SEC Warns Nigerians Against Investing in Unregulated Punisher Coin ($PUN).
ABUJA, Nigeria — The Securities and Exchange Commission (SEC) has issued a strong warning to Nigerians against investing in Punisher Coin, also known as $PUN, describing the ongoing presale of …