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Jennete Ugo Anya
- February 27, 2025
Sinotruk, Dangote Mark 10 Years of Partnership In Truck
The Chairman of Sinotruk and President of Shandong Heavy Industry Group, Mr. Wang Zhijian, has visited the Dangote Sinotruk West Africa Ltd (DSWAL) assembly plant in Ikeja, Lagos, as part of a commemorative tour celebrating 10 years of partnership between Sinotruk and Dangote Group. Mr. Zhijian and his delegation were received by the Managing Director […]
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- February 27, 2025
NNPC Seals Joint Venture Shipping Deal With Stena, Caverton
The Nigerian National Petroleum Corporation (NNPC) Limited has announced that its subsidiary, NNPC Shipping, has entered into a joint venture agreement with Stena Bulk and Caverton Marine Limited to facilitate the shipping of various petroleum products across the industry. According to a recent statement by the company’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, the […]
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- February 27, 2025
FG Seeks Saudi Investment For Infrastructure Development
The federal government has initiated discussions with the Saudi Fund for Development (SFD) to secure investments for the country’s infrastructure development. Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, hosted a high-level delegation from the fund, led by its Chief Executive Officer (CEO), Mr. Sultan Al-Marshad, in Abuja recently. According […]
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- February 25, 2025
Sterling Postpones 2024 Audited Financials
Sterling Financial Holdings Company Plc has announced a delay in the release of its Audited Financial Statements for the fiscal year ending December 31, 2024, citing ongoing changes in the core banking application used by its subsidiary, Sterling Bank. In a recent statement signed by its Executive Director, Olayinka Oni, the company explained that the […]
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- February 25, 2025
President Tinubu Backs Flutterwave’s Plans For NGX Listing
President Bola Tinubu has pledged his administration’s support for financial technology firms that provide payment infrastructure services for Nigerians and Africans. He made this commitment recently when he met with the leadership of Flutterwave and Alami Capital at the Presidential Villa in Abuja. Flutterwave, a Nigerian fintech giant valued at over $3 billion, is currently […]
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- February 24, 2025
VFD Group Injects ₦5bn Into V Bank, Signals Growth Intent
VFD Group Plc has approved a ₦5 billion capital injection into its digital-first subsidiary, VFD Microfinance Bank (V Bank), reinforcing its commitment to strengthening the financial institution’s operations. The approval, dated February 18, 2025, was disclosed in a statement released on the Nigerian Exchange (NGX) on February 19, 2025, and signed by Gbeminiyi Shoda, the […]
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- February 24, 2025
UCIF Pays N1.98bn Dividends To Unitholders
United Capital Infrastructure Fund (UCIF), the infrastructure investment arm of United Capital Plc, has distributed a total of N1.98 billion in dividends to its unitholders for the 2024 financial year. The fund, which operates a bi-annual distribution structure, paid N769 million as an interim distribution for the first half of the year, followed by N1.21 […]
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- February 24, 2025
CSCS Enhances Data Exchange Platform For Registrars
The Central Securities Clearing System Plc (CSCS) has unveiled an upgraded version of its web-based application designed to improve efficiency and user experience for registrars in Nigeria’s capital market. In a recent statement, CSCS, which serves as the Central Securities Depository for the Nigerian Capital Market, announced that RegConnect Version 2 will go live later […]
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- February 20, 2025
NCDMB Pushes For Local Participation In Executing Projects
The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to promoting indigenous oil and gas service firms in the execution of major industry projects, including Shell’s $5 billion Bonga North deepwater project and TotalEnergies’ $550 million Ubeta gas project. Executive Secretary of the NCDMB, Mr. Felix Ogbe, made this known in Lagos […]
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- February 20, 2025
FG Lists N368.3bn Bond On NGX, Issues N234bn Supplementary Bonds
The Federal Government of Nigeria (FGN) has officially listed a N368.3 billion bond on the Nigerian Exchange Limited (NGX), along with an additional N234 billion in supplementary bond issuances. The move strengthens Nigeria’s debt market and provides investors with more opportunities to engage with government-backed securities. A notice filed by the NGX’s Head of Issuer […]
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