MTN Nigeria has raised N125bn through issuance of commercial papers to boost its short-term working capital and funding requirements.
In a notice to the Nigerian Exchange Limited on Monday, the company said that it had completed the Series 4 & 5 Commercial Paper issuance under its N150bn Commercial Paper issuance programme.
The notice signed by Company Secretary, Ufo Ukpanat, revealed that MTN…
AfricInvest Fund IV has bought a minority stake in the Nigerian retail store, Justrite Superstore.
In a statement made available to our correspondent Monday, AfricInvest said that this move would allow Justrite to contribute to building affordable grocery outlets that source…
Stakeholders in the building industry have been charged to uphold standard ethics, which would put the sector in good light and lead to improved welfare for practitioners.
A professor of Estate Management at the University of Lagos, Nigeria, Timothy Nubi, attributed the high…
Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group has said its profit after tax rose by 172 per cent in 2022 financial period.
In a statement on its financial results for full year 2022, it said, “The company reported a profit before tax of N4.5bn, a 172 per cent increase year-on-year, having ended 2021 with a PBT of N1.7bn.
“It also reported a 47 per cent growth in revenue…
Stakeholders in the building industry have called on the government to provide incentives to players within the ecosystem as a way of boosting wealth creation and economic prosperity.
They disclosed this at the Nigerian British Chamber of Commerce and the International Real…
Engineering and infrastructure development firm, PPC Limited, has advised contractors to scale hurdles associated with materials sourcing for their building construction projects by building strong partnerships with global suppliers.
In view of the high cost of building…
The Housing Development Advocacy Network has appealed to the Central Bank of Nigeria to give waivers to mortgage banks in the cash withdrawal limit policy.
The report titled “How CBN is underdeveloping the Nigerian mortgage sector” noted that appeals made to the CBN for a waiver of the policy and the request that primary mortgage banks’ withdrawals be treated as bank-to-bank transfers had…
Experts in Nigeria’s built industry have predicted an over 60 per cent rise in the housing deficit by 2050, on the back of rising population and urbanisation worsened by economic conditions.
The Treasurer of the Nigerian Institute of Building, Lagos Chapter, Philips…
The Nigeria Labour Congress has threatened to shut down the country’s seaports over the government’s refusal to address some of the challenges in the sector.
The President of NLC, Joseph Ajaero, said this on Friday while addressing journalists in Apapa during a courtesy…
Oyola has created a digital marketplace to support peer-to-peer (P2P) crypto trading
March 3, 2023
The top peer-to-peer (P2P) cryptocurrency network, Oyola, was created to make it simpler for people to trade cryptocurrencies directly with one another without the use of a middleman. You can now communicate directly with buyers and sellers for quick, safe transactions while trading…