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 …
WEST AFRICA
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AfricaBusinessNewsNigeriaOil & GasWestern Africa
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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 …
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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 …
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Cornerstone Insurance Plc has announced a dividend payment of 5 kobo per ordinary share of 50 kobo for the financial year ended December 31, 2021. According to the firm, dividend …
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AfricaBanking, Finance & InvestmentNewsNigeriaWestern AfricaZenith Bank
Zenith Bank ranks number one Bank in Nigeria
Zenith Bank Plc has been ranked as the Number One Bank in Nigeria with $2.75 billion Tier-1 Capital for the 13th year in a row. The ranking, which was published in …
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Tech giants including Google, Facebook, Twitter, YouTube have shown interest in investing and exploring business opportunities in Nigeria’s digital space. The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this …
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AfricaEnergyNewsNigeriaOil & GasWestern Africa
EU partners FG to fast-track gas infrastructure for European markets
The European Union (EU) in partnership with the Federal Government of Nigeria has expressed renewed interest to put mechanism in place to fund gas project in Nigeria to guarantee energy …
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AfricaBanking, Finance & InvestmentNigeriaWestern Africa
TrustBanc raises N5.85bn from commercial paper
TrustBanc Holdings Limited, the parent company of three regulated financial services companies, said it has successfully closed its series 7 and 8 commercial paper issue for a total amount of …
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AfricaBuildingBusinessNigeriaWestern Africa
BUA Cement Declares N88.04 billion Dividend Payout for Shareholders
Shareholders of one of Africa’s largest manufacturing companies, BUA Cement Plc, have approved dividends of N88.047billion for its financial year ended December 31, 2021, at N2:60k per ordinary share of 50k …
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AfricaBusiness and EconomyNewsNigeriaWestern Africa
Nigeria’s fuel subsidy is estimated at N6.7tn for 2023
The Federal Government of Nigeria will spend N2.7 trillion on fuel subsidy payment in 2023. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, who disclosed this during the …