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Category: Business

Business Economy headline

IMF warns debt servicing may take all of Nigeria’s revenue by 2026

Iheanyi Ejiofor June 1, 2022 No Comments #IMF #debt servicing #Nigeria

Report| The International Monetary Fund (IMF) has warned that Nigeria may spend almost 100 percent of its earnings on debt serving by 2026. According to the bank, the country currently…

Read More IMF warns debt servicing may take all of Nigeria’s revenue by 2026
Business Economy

Zenith Bank redeems $500 million Eurobond due May 2022

Iheanyi Ejiofor May 31, 2022 No Comments #Zenith bank #$500m euro bond

Zenith Bank Plc has redeemed the balance of $107 million of its $500 million Eurobond Notes due May 30, 2022. In a statement obtained from the Nigerian Exchange Limited (NGX)…

Read More Zenith Bank redeems $500 million Eurobond due May 2022
Business Economy

Dangote : Refinery will transform Nigeria into regional refining hub

Iheanyi Ejiofor May 29, 2022 No Comments #Dangote #refinery #regional hub

Aliko Dangote, president and chief executive officer (CEO) of Dangote Group, says his oil refinery will promote Nigeria’s prospects of transforming into a regional refining hub. Dangote spoke at the…

Read More Dangote : Refinery will transform Nigeria into regional refining hub
Business Economy

Julius Berger wins most reliable engineering construction company award

Iheanyi Ejiofor May 24, 2022 No Comments #Julius Berger

Foremost construction engineering company in the country, Julius Berger Nigeria Plc has won the 2022 award of ‘The Most Reliable Engineering Construction Company’, even as the organisers, Transport Day Newspaper…

Read More Julius Berger wins most reliable engineering construction company award
Business Economy headline

CBN raises interest rate to 13 %, first time in over two years

Iheanyi Ejiofor May 24, 2022 No Comments #CBN #Interest rate

By our reporter| For the first time in two and half years, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to raise the…

Read More CBN raises interest rate to 13 %, first time in over two years

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