Year: 2023

The Nigerian Exchange (NGX) popped higher on Thursday amidst a prediction that the local bourse would hit N40 trillion before the year runs out. Yesterday, the equities market capitalisation crossed N39 trillion as investors continue to engage in share buying amidst uncertainties in the economy.

FCMB Plc has successfully raised N26 billion Tier-1 subordinated capital from the local bond market, according to a regulatory filing submitted to the Nigerian Exchange.

A Federal High Court, Abuja, on Thursday, struck down some “offending provisions” which take away a tax debtor’s right to appeal.

The Nigeria Deposit Insurance Corporation (NDIC) has paid N1.39 billion to 36,163 depositors of 110 closed Microfinance Banks (MFBs) and three Primary Mortgage Banks (PMBs).

The African Development Bank (AfDB) and its partners, are implementing the 20 billion-dollar Desert-to-Power initiative to develop 10 GW of solar power across Nigeria and 10 other countries in the Sahel zone.

Ecobank Group (www.Ecobank.com), the leading pan-African banking Group, sponsors the Intra-African Trade Fair 2023 (IATF 2023), the continent’s premier trade and investment event, which is taking place from 9-15 November 2023, in Cairo, Egypt. Theme this year is “Connecting African Markets”.

A Nigerian-owned Fintech company has concluded plans to launch a mobile app to boost the growth of Small and Medium Enterprise through diaspora remittance.

The Nigeria Liquefied Natural Gas Limited (NLNG), says the company has not increased the price of Liquefied Petroleum Gas (LPG).

The African Development Bank (AfDB) President, Dr Akinwumi Adesina, says the highway to wealth on the continent is from the export of value-added agricultural products.

Africa Finance Corporation (AFC), the continent’s leading infrastructure financier and solutions provider, today announced its support to the Arab Republic of Egypt as a Re-Guarantor on a private placement offering of JPY 75 billion, 5-year, Samurai bonds.