TEMASEK TO SUPPORT $150 BILLION PLAN TO BUILD CITIES IN AFRICA

The construction of about 123 cities across the African is part of the plans between the African Union and a unit of Temasek Holdings...

BUA CEMENT SECURES $500 MILLION FROM IFC

The International Finance Corporation has granted BUA Cement a $500 million loan to fund the ongoing expansion of its integrated cement plants in Kalambaina,...

OPEC INCREASES NIGERIA OIL OUTPUT

Members and non-members of the Organization of Petroleum Exporting Countries (OPEC), agreed on Sunday to reduce crude oil production volumes in order to ensure...

FRANCE TO INVEST 1.2 MILLION EUROS FOR NIGERIAN ENTREPRENEURS IN CREATIVE INDUSTRY

To aid the Nigerian entrepreneurs’ creative and cultural industries, France has pledged to invest 1.2 million Euros. Already business between the two countries last...

NIGERIA BOOSTS WORLDWIDE OFFSHORE DRILLING BY 4.1 BILLION DOLLARS

Nigeria is driving the global offshore drilling riser market to an estimated $4.1 billion by 2023 and $4.9 billion by 2033. Nigeria has its bulk...

CUMMINS WEST AFRICA WELCOMES NEW MANAGING DIRECTOR

Mark Oni-Okeke has been appointed as the new Managing Director (MD). In a statement, Okechi Igwebuike, the former Managing Director, has been reassigned to...

FOREX SCARCITY AND MULTIPLE DUTIES CRUMPLING MANUFACTURING, SAYS M&B

Pharm Patrick Ajah, the Managing Director, Chief Executive, May & Baker Nigeria, has denounced the scarcity of foreign exchange (Forex) and multiple duties in...

NIGERIAN STOCKS RECORDS 5.2% GAINS AS A RESULT OF TINUBU’S INAUGURATION SPEECH

Nigerian equities rose 5.2% on Tuesday as investors reacted positively to President Bola Ahmed Tinubu's inauguration speech. Stocks soared from the opening sessions in...

NASCON RECORDS 84% INCREASE IN PROFIT 

National Salt Company of Nigeria (NASCON) Allied Industries Plc has recorded impressive growth in all performance indicators with profit after tax surging by 84...

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