Dangote Industries Limited has completed the listing of the firm’s N300bn series 1 and 2 bonds on Nigerian Exchange Limited and the FMDQ in Lagos.
The Group Managing Director of DIL, Olakunle Alake, during the listing ceremony, told investors that the bonds were primarily for part-financing the Group’s 650,000 bpd refinery project.
He explained that the decision of the company to issue bonds…
United Bank for Africa on Thursday said it recorded N201bn profit before tax in its 2022 financial period.
The bank disclosed this in a statement on its audited financial results for the full year ended December 31, 2022, titled, ‘Full year 2022: UBA delivers strong…
First Bank of Nigeria Limited has announced a phased corporate name change for its subsidiaries in the United Kingdom and Sub-Saharan Africa.
The bank disclosed this in a statement by the Group Head, Marketing & Corporate Communications, First Bank, Folake Ani-Mumuney…
Globacom has launched new MiFis and routers to improve customer Internet access.
According to the company, about 32 Wi-Fi devices can be connected to the router, including smartphones, tablets, laptops, smart TVs and game consoles.
He said that there is currently a promotion going on that gives customers 60GB and 180GB of data when they purchase and activate a MiFi and a router.
According…
Energy company, Oando Plc on Wednesday said its profit after tax rose to N34.7bn in the 2021 financial period.
The group disclosed in a statement on Wednesday on its audited results for the year ended December 31, 2021 that this was from a loss after tax of N140.7bn reported…
The Lagos State Government through the Ministry of Physical Planning and Urban Development has signed a Memorandum of Understanding with eTransact to curb unregulated development, manage setbacks and open spaces, and improve the beautification of the state’s…
Thirty-two per cent (64.3 million) of Nigerians do not have enough food to consume, the World Food Programme, an organisation within the United Nations, has stated.
According to the organisation, 170 million people do not have sufficient food to consume across 19 countries. In a March 28 update of the ‘HungerMapLIVE: Western Africa insights and key trends,’ the countries with the highest…
Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date.
The company’s chairman and CEO, Daniel Zhang, said the restructuring would enable each separate business to pursue its…
The Chief Executive Officer of VerifyMe, Esigie Aguele, says artificial intelligence will help accelerate Africa’s drive towards achieving open finance and bridging the continent’s $120bn lending gap.
Aguele made the projection while speaking on a TV business programme…
The Co-founder and Chief Executive Officer of Paystack, Shola Akinlade, has bought a 55 per cent stake in second-division Danish club, Aarhus Fremad.
The deal which was announced on Tuesday will see Aarhus Fremad become a sister club to Sporting Lagos FC, a Lagos-based football club in the Nigeria National League founded by Akinlade in 2022.
According to a statement by Sporting, the deal will…