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CBN clears 98% of airlines’ trapped funds, says IATA
The International Air Transport Association (IATA), says that about 98% of foreign airlines’ trapped funds in Nigeria have…
AfDB approves increased capital of $117bn to support Nigeria, others
The Board of Governors of the African Development Bank (AfDB) Group has approved a capital increase of 117…
FG secures $500m World Bank loan to bolster electricity distribution
By Tochukwu Bliss, Abuja To address identified gaps in the Electricity Distribution Companies (DisCos), the Federal Government of…
AfDB to boost financing capacity by over $70bn on new 10yr strategy
By Tochukwu Bliss, Abuja The African Development Bank (AfDB) Group yesterday, unveiled its new Ten-Year Strategy 2024–2033, a blueprint…
Shareholders commend UBA’s 2023 superlative performance, N95.8bn dividend payout
By Tochukwu Bliss, Abuja Shareholders of United Bank for Africa (UBA) Plc, have praised the board, management and…
UK Government’s MOBILIST commitment to Nigeria’s capital market for sustainable development
The UK Government shares the belief that Nigeria will benefit from the further development of its capital market…
AfDB invests $1.44bn to support infrastructure development in Nigeria
By Stanley Onyeka, Lagos The African Development Bank (AfDB), said it has invested $1.44 billion to support the…
CBN revokes licences of 4,173 BDCs, orders fresh applications
By Tochukwu Bliss, Abuja The Central Bank of Nigeria (CBN), yesterday, revoked the licences of 4,173 bureau de…
BoI says 3 million jobs generated, profit grew to N153bn
The Bank of Industry (BOI) said its profit before tax increased from N70.7 billion to N153.81 billion, the…
Transcorp Power reports N142bn revenue, N52.8bn PBT
. Declares N23.46bn dividend By Tochukwu Bliss, Abuja Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp…