There seems to be no end in sight over the exodus of multinational companies exiting the Nigerian market as BlackRock, one of the world’s top asset managers, announced it would…
Read More BlackRock’s iShares worth $400 million issues to exit Nigeria
Category: Economy
NNPC progresses floating LNG project with Golar LNG, signs PDA on 400-500mmscf gas deal
In furtherance of its commitment to monetize Nigeria’s vast natural gas resources, the NNPC Limited has executed a Project Development Agreement (PDA) with Golar LNG for the deployment of a…
Read More NNPC progresses floating LNG project with Golar LNG, signs PDA on 400-500mmscf gas deal
Afreximbank supports Fidelity Bank’s UK expansion with $40m
The African Export-Import Bank has disbursed a $40m Intra-African Investment Facility to support Fidelity Bank Nigeria Plc’s acquisition and recapitalisation of Union Bank UK. The facility, provided in two tranches…
Read More Afreximbank supports Fidelity Bank’s UK expansion with $40m
Guinness to exit Nigeria after 75 years as inflation wreaks economic havoc
Our reporter / The exodus of companies from Nigeria over hostile operating environment continued on Tuesday with Plc Guinness announced plan sell off its controlling shares to Singaporean conglomerate Tolaram…
Read More Guinness to exit Nigeria after 75 years as inflation wreaks economic havoc
NNPC denies report on Inflated subsidy claims
Our reporter/ The The Nigerian National Petroleum Company Limited (NNPC Ltd) has denied reports in a section of the media alleging that it inflated subsidy claims by N3.3trillion. In a…
Read More NNPC denies report on Inflated subsidy claims