Nigeria’s borrowing from the World Bank has reached $14.34bn as of March 31,
This was an increase from the $13.93bn debt recorded by the Debt Management Office as of December 31, 2022.
This means that fresh disbursements on approved loans added $410m to Nigeria’s debt from the World Bank in the first quarter of 2023.
The IBRD lends to governments of middle-income and creditworthy low-income…
Insurance companies Insurance Limited and Heirs Life Assurance, have made new appointments to senior leadership positions and announced a corporate name change for Heirs Insurance Limited.
In a statement issued on Monday, the firm revealed that Heirs Insurance Limited will…
A statement said Dangote who was represented by the Group Executive Director/Group Chief Risk Officer, Dangote Industries Limited, Dr. Adenike Fajemirokun, said this while speaking in Lagos at the launch of a special publication ‘The world ahead 2023’ by The Economist…
The Federal Government has listed its April 2023 Savings Bonds worth ₦1.08bn on the Nigerian Exchange Limited.
This was disclosed by the NGX in its weekly report on activities on the exchange.
The bonds include 436,012 units of ₦436,012,000.00 at 10.032 per cent interest rate and 643,204 units of ₦643,204,000.00 at 11.023 per cent interest. While the former bond is for two years, the latter…
The National Agency for Food and Drug Administration and Control on Wednesday in Abuja sealed two shops for allegedly selling unapproved products to Nigerians.
The shops are located in the Zuba Central motor park and Utako main market.
The News Agency of Nigeria reports that…
The Nigerian Exchange Limited has recorded N318.52bn of listings across its equities, fixed income, mutual funds and derivatives categories in the first quarter of 2023.
This was disclosed in the X-Compliance report of NGX released on Tuesday.
According to the report…
Vice President Yemi Osinbajo, on Tuesday, in Abuja, directed the Nigeria Sovereign Investment Authority to develop the country’s first carbon market activation plan and drive engagement on the plan.
He also argued that Africa could become the first truly green civilisation given its status as the lowest carbon emitter and its relatively young population that could effectively deploy green…
The Minister of Aviation, Hadi Sirika, has agreed to lead a delegation saddled with the responsibility of improving bilateral trade and collaboration between Nigeria and Pakistan.
Sirika accepted this offer when a team from the Africa Center for Asia Studies, International…
Investors lost N622bn at the close of trading on Monday due to sell-offs of some telecoms and banking stocks.
The market which opened with the All-Share Index at 54,892.53 lost 2.08 per cent to close 53, at 750.77. The market capitalisation also depreciated by 2.08 per cent…
The market capitalisation of the Nigerian Exchange Limited dropped below N30tn last week, weeks after it crossed the mark, leading to a loss of N476bn for investors.
This bearish trend started on Monday with investors losing N3bn to close at N 30.391 tn. On Tuesday, the market cap lost N36bn to close the day at N30.355tn. On Wednesday, the pattern was sustained as investors lost N127 billion and…