Nigerian equities on Monday opened the week extending its losing streak for the fifth consecutive session as investors’ investment declined by N313 billion. The All Share Index (ASI) decreased by …
Western Africa
Jumia Nigeria has been recognised for its innovation and service delivery at the GAGE Awards. The company was awarded e-commerce website of the year, a category that reflects the best …
- AfricaBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Ecobank declares $261m pre-tax profit in H1
Ecobank Transnational Incorporated (ETI) has posted a profit before tax of $261 million for the first half of the year ended June 30, 2022. This was contained in the group’s …
- AfricaBusinessNewsNigeriaOil & GasWestern Africa
TotalEnergies begins production from Ikike field in Nigeria
TotalEnergies, a broad energy company that produces and markets energies on a global scale has begun production from the Ikike field in Nigeria, which is expected to deliver peak production …
- Access BankAfricaBanking, Finance & InvestmentBusinessNewsNigeriaWestern Africa
Access Bank secures $280m financing from DfC to support SMEs
Access Bank Plc has secured a $280 million funding commitment from the International Development Finance Corporation (DFC) to support small businesses in Nigeria. In a statement on Monday, the public affairs …
- AfricaBusinessNewsNigeriaOil & GasWestern Africa
FGN shuts Scorpion Oil Services over irregular operations
The Federal Government of Nigeria has shut down the diving operations of Scorpion Oil Services onboard MV African Installer offshore Lagos, Nigeria, for operating without the requisite approvals and violating …
- AfricaBusinessNewsNigeriaTechnologyTelecommunicationsWestern Africa
Musk’s Starlink to begin operation in Nigeria August
Starlink, high-speed, low-latency broadband internet in remote and rural locations across the globe, developed by billionaire businessman, Elon Musk, is set to begin operation in Nigeria in August 2022. Musk …
- AfricaBusinessPress OfficeProduct ReviewReal EstateWestern Africa
Why Real Estate continues to be a worthy investment
In today’s world, there are countless businesses to invest in but only a few of these businesses have proven to be worthy investments. Before investing in a business it is …
Investors have reduced their patronage of Federal Government of Nigeria Savings Bonds by 27 per cent following the 13 basis points, bpts, cut in interest rate by the Debt Management …
- AfricaBanking, Finance & InvestmentBusinessNigeriaWestern Africa
Abbey Mortgage Bank gross earning grows to N3.6bn
Abbey Mortgage Bank grew its gross earnings for the year ended December 31, 2021 by 142 per cent at N3.68 billion compared to N1.52 billion in the previous year. Chairman …