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Category: Economy

Business Economy headline

Afreximbank disburses $925 million crude oil-backed loan to NNPC

Iheanyi Ejiofor June 6, 2024 No Comments #Afreximbank#NNPC

Afreximbank has disbursed $925 million to Nigeria’s state-owned NNPC, part of a syndicated $3.3 billion crude oil-backed prepayment facility, the African trade bank said on Thursday. This brings the total…

Read More Afreximbank disburses $925 million crude oil-backed loan to NNPC
Business Economy headline

Abia to join global quality shoe making list as Comfort Stevens prepares to open factory

Iheanyi Ejiofor June 6, 2024 No Comments #Aba#Alex otti#Comfort Stevens#Shoe makingAbia

Abia State Governor, Dr. Alex Otti, OFR, says his administration is working very hard to clean up the business environment and make it conducive for new investments as well as…

Read More Abia to join global quality shoe making list as Comfort Stevens prepares to open factory
Business Economy headline

NETCO posts 137% increase in operating profit for 2023

Iheanyi Ejiofor June 6, 2024 No Comments #NETCO#NNPC#Operating profit

                                   …Targets 5% Increase in Market Share through EPC Projects The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd), has announced a…

Read More NETCO posts 137% increase in operating profit for 2023
Business Economy headline

Fidelity Bank undertakes a N29.6bn Rights Issue and N97.5bn public offer

Iheanyi Ejiofor June 6, 2024 No Comments #Fidelity Bank#Public offer#Rights Issue

Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to N127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue…

Read More Fidelity Bank undertakes a N29.6bn Rights Issue and N97.5bn public offer
Business Economy headline

NDIC to repay Heritage bank customers within one week

Iheanyi Ejiofor June 5, 2024 No Comments #Heritage bank#NDIC

Our reporter/ The Nigerian Deposit Insurance Corporation (NDIC) on Wednesday said the payment of depositors at Heritage Bank will commence before the end of the week. The Managing Director of…

Read More NDIC to repay Heritage bank customers within one week

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