Finance | Insurance | Pension
Afreximbank Facilitates $650M Financing for Oando’s Acquisition of AGIPS’s 20% Interest in Nigerian Joint Venture
African Export-Import Bank (Afreximbank) has successfully arranged a senior US$500-million and a junior $150-million reserve-based lending facility for Oando Petroleum...
CBN Reports All-Time High Remittance Inflows of $553m For July 2024
The Central Bank of Nigeria (CBN) has reported a significant increase in remittance inflows, reaching $553 million in July 2024,...
Naira Rain For Transcorp Group Companies’ Shareholders as Interim Dividend Pour
Shareholders of Transnational Corporation Plc (Transcorp Group) and its listed subsidiaries, Transcorp Hotels Plc and Transcorp Power Plc, have paid...
BIPC PRESENTS SIGNED PROOF OF CONCEPT NOTE FOR EMPOWERING IDPS AND REFUGEES TO UNHCR
The Benue Investment and Property Company (BIPC) has presented a signed Proof of Concept (PoC) to the United Nations High...
Afreximbank signs US$117M facility agreement to support development of Veenocks porcelain tiles Nigeria
African Export-Import Bank (Afreximbank) has signed a project preparation facility agreement with Veenocks Limited for the financing of the development...
Transparency: CBN Re-Introduces Publication of Key Economic Reports
The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering...
Food Security: NIRSAL Plc Empowers Over 2,000 Farmers In 4 States
The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc.) has completed a midyear training programme for lead farmers...
Capital Importation Reached $6bn in H1 2024 – CBN
By Chris Agabi Capital Importation into Nigeria peaked at $6 billion between January and June 2024, Data from the Central...
Heirs Insurance Group Appoints Puri, Iroche as Independent Non-Executive Directors
By Chris Agabi Heirs Insurance Group (HIG), Nigeria's fastest-growing insurance provider, has announced the appointment of Ibrahim Puri and Sonny...
Heirs Holdings Manages Approximately 5% of Nigeria’s Oil Production
In a significant development for Nigeria's oil and gas sector, Heirs Energies, a leading indigenous energy company, has been prominently...
