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Jennete Ugo Anya
- December 12, 2024
Development Finance Leaders Urge Private Sector Utilisation For African Infrastructure
The Africa Investment Forum (AIF) 2024 recently convened leaders from development finance institutions (DFIs), export credit agencies (ECAs), and insurers to strategise on scaling up infrastructure financing in Africa. With the theme ‘Scaling up infrastructure financing through partnerships between DFIs, insurers, and export credit agencies,’ the high-level roundtable highlighted the importance of mobilising private capital […]
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- December 11, 2024
FG Launches ₦198bn Loan Fund To Empower MSMEs In 2025
In a decisive move to bolster micro, small, and medium enterprises (MSMEs) across the nation, the federal government has unveiled a ₦198 billion syndicated loan fund. Scheduled to roll out in the first quarter of 2025, this initiative aims to enhance entrepreneurship and spur economic growth in every state of the federation. The program introduces […]
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- December 11, 2024
Oando, NNPCL Strengthen Alliance To Boost Oil, Gas Production
Oando Plc and the Nigerian National Petroleum Corporation Limited (NNPCL) have reaffirmed their commitment to enhancing Nigeria’s oil and gas production, building on Oando’s recent acquisition of the Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni. At a recent high-level meeting led by NNPCL Group Chief Executive Officer (CEO), Mallam Mele Kyari, and […]
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- December 10, 2024
Chappal Energies Completes Acquisition Of Equinor Nigeria
Chappal Energies has finalised its acquisition of Equinor Nigeria Energy Company (ENEC), a deal which grants the indigenous firm a 53.85 percent interest in oil and gas lease OML 128. This includes a unitised 20.21 percent stake in the prolific Agbami oil field, operated by Chevron, marking a significant milestone for Nigeria’s energy sector. The […]
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- December 10, 2024
Nigerian Stock Market Achieves Top Four Ranking In Africa
The Nigerian stock market has demonstrated remarkable resilience, recording a year-to-date (YtD) growth of 31.34 percent as of December 6, 2024. This performance places it among the top four best-performing exchanges in Africa, despite enduring challenges such as double-digit inflation and a volatile foreign exchange market. Ranked fourth on the continent, the Nigerian Exchange Limited […]
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- December 10, 2024
Seplat Energy Closes $800m Purchase Of ExxonMobil’s Assets
Seplat Energy Plc, a leading Nigerian energy company listed on the Nigerian Exchange and the London Stock Exchange, has announced the completion of its $800 million acquisition of ExxonMobil’s Nigerian subsidiary, Mobil Producing Nigeria Unlimited (MPNU). The deal, initially valued at $1.28 billion when first signed in February 2022, was finalised after regulatory approvals, marking […]
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- December 10, 2024
BAT Nigeria Foundation Boosts Agriculture With ₦10m Grants To Young Agripreneurs
The British American Tobacco Nigeria Foundation (BATNF) has reaffirmed its commitment to transforming Nigeria’s agricultural landscape through the Farmers for the Future (F4F) Cohort 5.0 program. In its latest milestone, BATNF awarded ₦10 million in equity-free grants to six enterprising young agripreneurs who have demonstrated exceptional innovation and drive in the agricultural sector. At […]
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- December 9, 2024
FCTA Pushes Infrastructure Development To Unlock Abuja’s Giri District
The Federal Capital Territory Administration (FCTA) has intensified efforts to open up locked communities through strategic investments in road infrastructure, according to Mr. Nyesom Wike, the Honourable Minister of the Federal Capital Territory (FCT). Speaking recently during the inauguration of a three-kilometre access road in the Giri District of Abuja, Mr. Wike emphasised the transformative […]
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- December 9, 2024
Guinness Nigeria Supports Lagos State’s Shopping Festival
Guinness Nigeria has announced its partnership with Lagos State to support the maiden edition of the Lagos Shopping Festival, a groundbreaking initiative designed to boost commerce, tourism, and cultural exchange in Nigeria’s bustling economic hub. The festival, spearheaded by Governor Babajide Sanwo-Olu, aims to provide employment opportunities, stimulate local businesses, and attract global brands, solidifying […]
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- December 9, 2024
FCMB Group Achieves 67% Profit Growth, Reports ₦91.8bn PBT For Q3 2024
FCMB Group Plc has delivered an impressive financial performance for the nine months ended September 30, 2024, posting a 67 percent increase in profit before tax (PBT) to ₦91.8 billion. This strong growth highlights the group’s robust operational efficiency and its sustained trajectory of double-digit expansion across its divisions. The group’s gross revenue surged by […]
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