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Finance & Economy - Page 297

Business·Finance & Economy·News·Nigeria·Top Stories

Petrol Prices Set to Rise After Dangote Price Increase

Fuel prices in Nigeria are expected to rise sharply after a hike in refinery rates, as Africa’s richest man Aliko Dangote outlined broader plans to expand into power, steel and infrastructure. The Dangote Petroleum Refinery has increased its gantry price for Premium

March 3, 2026

Finance & Economy·Top Stories

Citigroup Recognizes Fidelity Bank For Efficiency In Foreign Currency Payments

IN recognition of its excellent operational efficiency in foreign currency payments, leading financial institution, Fidelity Bank Plc, has been given the Straight-Through Processing (STP) Excellence Award by Citigroup. Every year, Citigroup, a leading global bank headquartered in New York and present in

October 20, 2021

Finance & Economy·Top Stories

Sterling Bank Promotes Renewable Energy Use

…Powers Corporate HQ With Solar Technology Sterling Bank Plc is showing commitment to promoting renewable energy use. It currently powers its corporate headquarters with Integrated Photovoltaic (BIPV) energy technology as the primary source of energy. Dele Faseemo, Group Head of Energy at

October 20, 2021

CBN Reveals JP Morgan’s Intention After Report On Nigeria’s Foreign Reserves

Entrepreneurship·Finance & Economy·Top Stories

CBN Releases Guidelines For Implementation Of Tertiary Institutions Entrepreneurship Scheme

…To Harness Potential Of “Gradpreneurs” THE Central Bank of Nigeria (CBN), on Wednesday, released guidelines for the implementation of tertiary institutions entrepreneurship scheme. The Guideline outlines the operational modalities for the Scheme, with the objective of enhancing access to finance by undergraduates

October 20, 2021

Currency·Finance & Economy·Top Stories

Forex Update Today: Naira (N) vs Dollar ($)

THE Dollar on Wednesday, October 20, opened at an exchange rate of ₦414.18/$1 after the Naira closed at ₦414.73 to a $1 on Monday, 18 October 2021. This is according to the data obtained from the FMDQSecurity Exchange where foreign exchange (forex)

October 20, 2021

Finance & Economy·Top Stories

Nigeria’s Credit Profile Reels Under High Corruption Levels, Says Moody’s

ALTHOUGH the credit profile of Nigeria (issuer rating B2) reflects "ba2" economic strength, supported by the

October 20, 2021

Data & Infographics·Finance & Economy·News·Top Stories

Nigeria’s External Debt Service To Rise By $260m On Eurobond Issue

A fresh report by FBNQuest, an investment banking and research arm of FBN Holdings Plc has revealed that, due to the latest Eurobond issuance by the Federal Government of Nigeria (FGN), the annual cost of external debt service is set to rise

October 20, 2021

Finance & Economy·Top Stories

Fidelity Bank May Issue $500m Unsecured Notes

… Bank Plans Listing On Irish Stock Exchange FIDELITY BANK PLC, has announced consideration to raise $500 million capital from the international debt capital market through unsecured notes issuance. According to a notice at the Nigerian Exchange signed by Ezinwa Unuigboje, the

October 20, 2021

FEATURES·Finance & Economy·Top Stories

Nigeria’s Top Five Lenders Record N1.6trn In Mixed H1 Revenue Performance

By asset, Nigeria's top five lenders recorded N1.6trillion collectively, as performance in revenue streams differ in the first half (H1) of 2021.

October 18, 2021

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Finance & Economy·Top Stories

Naira Depreciates Across Forex Market Segments

THE rising pressure on the Naira has seen exchange rate for a dollar to the local currency deprecate across various market windows. Data at the FMDQ Security Exchange where forex is traded officially shows that exchange rate between the naira and the

October 18, 2021

PenCom Hits 25 Firms With N666.03m Fine Over Pension Default

Finance & Economy·Top Stories

Pension Assets Invested In Various Sectors Surpass N13 trn, Says PenCom

THE National Pension Commission (PenCom) has disclosed that an accumulated pension assets in excess of N13 trillion, is invested in various sectors of the Nigerian economy and still growing. The Director-General PenCom, Mrs. Aisha Dahir-Umar made this known in her goodwill

October 18, 2021

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Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigeria recorded a sharp increase in foreign capital inflows in

Nigerian Stock Market Cap Extends Decline With N73.44bn Loss

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Ellah Lakes Plc’s ambitious N235 billion public offer has ended

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Finance & Economy - Page 297

Petrol Prices Set to Rise After Dangote Price Increase

Citigroup Recognizes Fidelity Bank For Efficiency In Foreign Currency Payments

Sterling Bank Promotes Renewable Energy Use

CBN Releases Guidelines For Implementation Of Tertiary Institutions Entrepreneurship Scheme

Forex Update Today: Naira (N) vs Dollar ($)

Nigeria’s Credit Profile Reels Under High Corruption Levels, Says Moody’s

Nigeria’s External Debt Service To Rise By $260m On Eurobond Issue

Fidelity Bank May Issue $500m Unsecured Notes

Nigeria’s Top Five Lenders Record N1.6trn In Mixed H1 Revenue Performance

Naira Depreciates Across Forex Market Segments

Pension Assets Invested In Various Sectors Surpass N13 trn, Says PenCom

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Air India, IndiGo Step Up Repatriation as Middle East Airspace Gradually Reopens

Largest Oil Companies In Nigeria: Three Rise In Valuation, Three Declines

France to Expand Nuclear Arsenal, Extend Deterrence to European Partners

Annie Redefines Motherhood, Says She’s a ‘Single Woman Raising Two Kids’

Dangote Cement Records 20% Increase in 2025 Revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Air India, IndiGo Step Up Repatriation as Middle East Airspace Gradually Reopens

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Finance & Economy - Page 297

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