The Securities and Exchange Commission (SEC) has approved the Nigerian Exchange Limited (NGX)’s guidelines on Trade Execution via the exchange’s On-Manual Negotiated Deal Window for fixed income (FI) securities. The FI …
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ExxonMobil renews 2 deep-water assets in Nigeria
ExxonMobil, one of the world’s oil majors has renewed two deep-water leases in Nigeria for 20 years, among the first permits granted under the country’s new oil and gas law. …
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Egypt plans to issue $6B Eurobonds in FY 2022/2023
Egypt is planning to issue Eurobonds worth around $5 billion to $6 billion during fiscal year (FY) 2022/2023, an informed government source told Asharq Business on August 14th. It is worth mentioning …
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Egypt’s mortgage finance volume hits EGP 7.3B in H1
The volume of mortgage finance provided by companies in Egypt amounted to around EGP 7.27 billion in the first half (H1) of 2022, this was disclosed in the Financial Regulatory …
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‘Tax the rich, increase salaries by 50%’, NLC writes to the Federal government of Nigeria
The Nigerian Labour Congress (NLC) has asked the federal government of Nigeria to raise taxes across the board for the ‘rich’ and ensure that governors above 50 years resign. The …
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Johnson & Johnson to stop selling talc baby powder in 2023
Johnson & Johnson, an American pharmaceutical company, says it will stop selling its talc-based baby powder globally in 2023. The company said talc will be replaced by cornstarch. The move …
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NNPC, contractors renew production sharing agreements
The Nigerian National Petroleum Company Limited (NNPC LTD) and its partners in Oil Mining Leases on Friday signed renewed Production Sharing Contracts agreements to produce 10 billion barrels of oil …
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Naira exchanges N429.62 to dollar at Investors’ window
Naira, the Nigerian currency, appreciated against the dollar at the Investors and Exporters window, exchanging at N429.62. The figure on Friday represented an increase of 0.15 per cent compared with …
The Debt Management Office (DMO) has announced the listing of three Federal Government of Nigeria bonds valued at N225 billion for a subscription via auction at N1,000 per unit. This …
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NNPC launches crude oil theft monitoring applications
The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Friday launched ‘Crude Theft Monitoring Applications’ to curb oil theft and pipeline vandalism. The launch was held in Abuja on the …