Business

$2.25bn Loan: Analysts Hail Afrexim Bank, UBA, NNPC’s Efforts To Ameliorate Nigeria’s Liquidity Constraints

UBA is also acting as the Onshore Depository Bank for the transaction.

9 months ago

Sterling Bank Announces Full Deployment of Solar Energy in 17-floor Headquarters

The decisive switch, the bank explained, underscores sterling bank's dedication to reducing its ecological footprint.

9 months ago

In Compliance with Petroleum Act, Nigerian Regulator Mandates Oil Companies To Supply 483,000 bpd of Crude Oil To Local Refineries

The 650,000-barrel-per-day Dangote Refinery is set to receive the largest share, with a volume of 325,000 bpd.

9 months ago

Nigeria’s Stock Market Defies Elections,  Inflation and Petrol Subsidy Removal, Grows 45.9% YtD in 2023

MeCure Industries Plc, VFD Group, Nigeria Infrastructure Debt Fund (NIDF) and Africa Plus Partners added to the stock market positive…

9 months ago

$110m Penalty: BAT Attempted To Prevent Market Entry Of Competitors’ Products, Says FCCPC’s Irukera

He said fines are purposely steep so as to divest perpetrators of the profits they may have made illegally.

9 months ago

Chinese Smartphone Giant Xiaomi Unveils First Electric Car

Xiaomi boss Lei Jun took to the stage in Beijing Thursday to unveil the SU7, a sedan that is scheduled…

9 months ago

Nigeria’s Riverside LNG Nears Historic Deal To Supply Gas to South Africa

Nigeria has Africa’s largest gas reserves and is largely regarded as having more gas than oil, although more attention has…

9 months ago

British American Tobacco Nigeria To Pay $110m Penalty For Violation Of FCCPC Act, Others

The BAT Parties shall also be subject to the supervision of the Commission for a period of 24 months to…

9 months ago

Toyota’s Global Output Jumps To A Record In November Due To Robust Demand

The month's domestic sales jumped by 27%, as sales in China and the US increased by 17% and Europe by…

9 months ago