By Rukayat Adeyemi Shareholders of Afriland Properties Plc. have unanimously endorsed a total dividend of N343.5 million for the financial year ended Dec. 31, 2023. The shareholders gave the approval at the company’s 11th Annual General Meeting on Tuesday in Lagos. The News Agency of Nigeria (NAN) reports that theContinue Reading
By Grace Alegba The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N88.23. This represents aContinue Reading
By Okeoghene Akubuike African Export-Import Bank (Afreximbank) and the Prime Minister of the Commonwealth of The Bahamas on Thursday signed the Afreximbank Annual Meetings (AAM) Host Country Agreement. The News Agency of Nigeria(NAN) reports that the signing ceremony was held during a media briefing on Thursday in the Bahamas.Continue Reading
The National Civil Society Council of Nigeria (NCSCN) has urged the Federal Government to consider granting tax waiver to Air Peace amidst ongoing price competition among foreign airline operators in Nigeria.Continue Reading
By Lucy Ogalue The African Development Bank’s Chief Economist, Kevin Urama, says debt for growth for countries on the continent should not carry any negative connotation. Urama, who is also the Vice-President, Governance and Knowledge Management at AfDB, said this at a pre-media conference held virtually to herald the 2024Continue Reading
By Rukayat Moisemhe The South African Housing and Infrastructure Fund (SAHIF), a private investor in South Africa’s optical fibre industry, says it is rasing capital to accelerate expansion of high-speed internet access throughout the country. The SAHIF Chief Executive Officer (CEO), Mr Rali Mampeule, made the disclosure in a telephoneContinue Reading
By Lucy Ogalue The African Development Bank (AfDB) has signed a 75 million dollar loan agreement with Nigeria’s Indorama Eleme Fertiliser and Chemicals Limited. The bank announced this in a statement issued on its website late Thursday. According to the statement, the loan will enable Indorama to increase its fertiliserContinue Reading
By Rukayat Adeyemi Zenith Bank Plc. on Thursday expressed optimism that it would submit its 2023 full-year audited financial statement to the Nigerian Exchange Ltd. (NGX) on or before April 30. The Company Secretary, Zenith Bank Plc., Mr Michael Otu, stated this in a notification sent to the NGX inContinue Reading
By Rukayat Adeyemi Shareholders of Africa Prudential Plc., on Thursday unanimously approved a total dividend of N900 million declared by the company for the financial year ended Dec. 31, 2023. They gave their approval at the company’s 11th Annual General Meeting (AGM) in Lagos. The News Agency of Nigeria (NAN)Continue Reading
By Nefishetu Yakubu Edo Government on Tuesday signed a Memorandum of Understanding (MoU) with LAPO Microfinance Bank for the disbursement of N300 million to Micro, Small and Medium Enterprises (MSME) across the State. The News Agency of Nigeria (NAN) reports that the Secretary to the State Government (SSG), Osarodion Ogie,Continue Reading
