FINANCING

…As Minister Meets Investors in Lagos…… Following months of comprehensive planning, the Federal Government has unveiled details of its bold and strategic plans to generate at least $100 billion and create over two million jobs from Nigeria’s creative economy yearly.The Government’s plan was unveiled Wednesday September 11, 2024 by the Honourable Minister of Art, Culture and the Creative Economy, Hannatu ...

Proceeds of the bond issue will be invested in critical sectors of the Nigerian economy approved by the President on the recommendation of the Minister of Finance Africa Finance Corporation (AFC) the continent’s leading infrastructure solutions provider, today announced the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria (FGN), raising US$900 million and marking a ...

Angola’s long-running financial relationship with China has been built on a simple equation: Angola would repay its growing Chinese debt with oil. This strategy became known as the Angola Model. The strategy is faltering, however, as China has begun importing less oil from Angola and other African nations and more from Russia, the Persian Gulf and Asia. The shift has ...

Oando Plc is driving momentum in the oil and gas segment of the Nigerian Exchange (NGX) as investors continue to show interest in the company that recently completed the acquisition of NAOC. Stock price of the integrated oil and gas service rose to N76.90 per share on last trading day August 30, to bring its price to an all-time high ...

The Chartered Institute of Bankers of Nigeria (CIBN) has asserted that the banking sector in the country is uniquely positioned to drive sustainable growth, foster innovation and ensure inclusivity across every stratum of society. President and Chairman of Council, CIBN, Prof. Pius Olarewaju made the remark yesterday during the 2024 Lagos Bankers’ Night, themed: Driving National Growth Agenda: The Role ...

The Nigerian National Petroleum Company Limited, (NNPC Limited) has finally come clean over the reason of the persistent scarcity of fuel nationwide. NNPC on Sunday admitted that it is indebted to its petrol suppliers a substantial amount of money. NNPC had a couple of weeks earlier dismissed the reports that it was indebt to a rising sum of $6 billion ...

In order to enhance the trust and credibility of the Nigerian arbitration system and make the country a safe arbitration seat, there is the need to drive efficiency, accountability, transparency, competency and ethics in the system. The Director Legal and Company Secretary, Seplat Energy Plc, Mrs. Edith Onwuchekwa, said this at the ongoing Nigerian Bar Association Annual General Conference 2024 ...

…This acquisition is a significant milestone in Oando’s long-term strategy to expand its upstream operations and strengthen its position in the Nigerian oil and gas sectorOando PLC (“Oando” or the “Company”) Nigeria’s leading energy solutions provider listed on both the Nigerian Exchange Limited and Johannesburg Stock Exchange is pleased to announce the successful completion of the acquisition of 100% of ...

……..pledges 2 Million BPD by Year end…………. ………by Ben Ndubuwa………….. The Nigeria National Petroleum Company Limited (NNPC), with business operations across the value chain of the oil and gas industry in Nigeria on Monday, posted its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, indicating ...

The Nigeria National Petroleum Company Limited (NNPC Ltd.) has addressed claims circulating in the media regarding a supposed debt of $6.8 billion owed to international oil traders. The company categorically denies this allegation, stating that it does not owe such an amount to any international traders. NNPC Ltd. clarified that credit transactions are standard practice in the oil trading business. ...