Dangote Refinery Secures Funding to Boost Crude Supply and Transform Nigeria’s Energy Sector
Aliko Dangote, Africa’s wealthiest man, is making bold moves to enhance Nigeria’s energy independence by securing billions of dollars in funding to increase crude oil supplies for his $20 billion…
Conoil PLC Declares ₦3.50 Per Share Dividend at 54th AGM, Reaffirms Commitment to Shareholder Value
Conoil PLC, a leading energy company in Nigeria, held its 54th Annual General Meeting (AGM) on Friday, November 15, 2024, where shareholders approved key resolutions that reaffirm the company’s strong…
MultiChoice Writes Off ₦31.6B Following Heritage Bank Liquidation
In a significant financial development, MultiChoice Group, the parent company of DStv, has written off ₦31.6 billion (approximately $21 million) due to the liquidation of Nigeria’s Heritage Bank. This decision,…
How Strong U.S. Retail Sales Impact the Nigerian Naira
The U.S. retail sector has been making headlines with its recent resilience, as retail sales rose by 0.4% in October 2024. While this growth highlights the strength of the U.S.…
Nigeria’s Inflation Climbs to 33.88% in October 2024: Largely Driven by Rising Food Prices and Economic Reforms
Nigeria’s inflation rate continued its upward trend in October 2024, rising to 33.88% from 32.7% in September. This marks the second consecutive month of inflationary pressure, driven primarily by escalating…
Custodian Investment Plc: Revolutionizing Growth Through Technology and Market Expansion
Introduction: Leading Nigeria’s Financial Transformation Custodian Investment Plc is redefining the financial services landscape in Nigeria with its bold investments in technology and strategic market penetration. As one of the…
Japan’s GDP Rises by 0.3% in Q3 2024, Ending Two Consecutive Quarters of Decline
Japan’s economy showed signs of recovery in the third quarter of 2024, posting a 0.3% year-on-year GDP growth that marked the end of two consecutive quarters of contraction. This modest…
CBN Raises Monetary Policy Rate to 26.75% Amid Rising Inflation Concerns
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR) by 50 basis points to 26.75%, continuing its aggressive tightening measures to combat soaring inflation. This marks…
Northern Nigeria Flour Mills PLC Declares Interim Dividend: Meaning for Investors
Northern Nigeria Flour Mills PLC (NNFM), a key player in Nigeria’s food and agro-allied industry, has announced an interim dividend of 50 kobo per share for its shareholders. This development…
World Diabetes Day
Rising Insulin Prices Put Diabetes Care Beyond Reach for Many Nigerians