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Dangote Cement and Rand Merchant Bank Quote N85bn Commercial Papers
Dangote Cement has announced that it has listed two commercial papers under its N300bn issuance programme on the FMDQ Exchange.The firm wants to raise about N3.42bn and N56.59bn from Series 10 and 11,...
NERC Reveals on Sunday That the Federal Government Spent N375 Billion on Subsidizing Electricity For Nine Months
On Sunday, it was disclosed by the NERC that the Federal Government had spent a total of N375.8 billion on electricity subsidy between January and September this year. It also reveals that electricity...
NERC Reports Show That Electricity Subsidy Climbs by 275% In Q2 2023
The latest report released by the Nigerian Electricity Regulatory Commission (NERC) shows that the Federal Government of Nigeria paid ₦135.23bn for electricity subsidy in Q2 2023, and this showed th...
Mastercard Set to Acquire Minority Stake in $5.2 Billion Fintech Venture from MTN
MTN, the prominent telecommunications group with a pan African presence, has unveiled a pivotal agreement with Mastercard, a leading global fintech player. This strategic partnership involves the sale...
European Firms Endure €100B Hit from Russia Operations
Recent events in Russia, stemming from the comprehensive actions undertaken by President Vladimir Putin in Ukraine, have led to significant financial repercussions for some of Europe's largest compani...