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    CATEGORY

    Financials

    Coronation Merchant Bank seeks N25b short-term debts

    Coronation Merchant Bank Limited has launched two new tranches of commercial papers to raise about N25 billion. The series 19 and 20 commercial paper issuances...

    Dangote Cement’s $1bn Plant Set to Commence Operations in Okpella

    Dangote Cement Plc’s $1 billion six million Metric Tonnes Per Annum (MTPA) facility has been completed and is set for commissioning in Okpella, Edo...

    Privatisation: Quest Electricity Ltd. pays N19bn for YEDC, invests N28bn

    By Folasade Akpan Abuja, July 19, 2021 Quest Electricity Nigeria Ltd. has paid N19 billion to acquire Yola Electricity Distribution Company (YEDC), the Bureau of...

    Dangote Cement Becomes First Nigerian Company to Report its Results Using XBRL

    Dangote Cement has become the first Nigerian listed company to report its financial results using IFRS taxonomy. It announced that its financial information has...

    Shareholders of Capital Hotels to Meet Over N11.3bn from New Investor

    Shareholders of Capital Hotels to Meet Over N11.3bn from New Investor – Shareholders Capital Hotels will have to gather at a special event fixed...

    Standard Alliance Insurance demands N10bn damages from NIA for unlawful expulsion

    By Rukayat Adeyemi Lagos, June 9,2021 Standard Alliance Insurance Plc. has demanded N10 billion from Nigeria Insurance Association (NIA) as damages for loss of...

    Niger Insurance explains delay in release of 2020 audited result

    By Itohan Abara-Laserian Lagos, July 8, 2021 Niger Insurance Plc has notified the Nigerian Exchange (NGX) and stakeholders that the financial statements for the financial...

    OneWattSolar completes N3 billion green bond issuance

    Lagos, July 2, 2021: OneWattSolar (“OWS” or the “Company”) today announces the successful issuance of the first series of its ₦10 Billion (circa US$24.4...

    Fitch Revises Outlook on Afreximbank to Positive; Affirms at ‘BBB-‘

    Fitch Ratings has revised the Outlook on African Export-Import Bank's (Afreximbank) Long-Term Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR...

    Coca-Cola Nigeria unit triples E-commerce sales as youthful population surges

    Coca-Cola Co.’s Nigeria unit said it has seen a threefold increase in e-commerce sales this year after virus-induced lockdowns inspired a change in consumer...

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