Nigeria’s treasury bills rate jumps to 13.9%
In the latest auction on August 23rd, 2023, investors tabled a bid of N1.5 trillion for one-year (364-day) treasury bills at a striking rate of 13.9% per annum. However, only…
Niger Aims for Energy Independence from Nigeria by 2025 with Hydroelectric Dam Project Advancement
After enduring considerable delays, the Kandadji dam project is now on an accelerated trajectory, seeking to liberate the world’s most impoverished nation from its reliance on neighboring Nigeria for energy…
First Bank allays fear on Introduction of Robots as Fear Grips Staff
The managing director and chief executive officer of First Bank Nigeria, Adesola Adeduntan, has said the new technology and digital service experience introduced into the bank will curb forgery, fraud,…
Shell To Sell More Oil Assets In Nigeria
Shell Plc is reportedly set to resume talks to sell some of its Nigerian oil fields. The oil giant is said to be in negotiations with Eroton Exploration and Production…
Aradel Holdings Modular Refinery Ready For Operation Soon
The managing director and chief executive officer (CEO) of Aradel Holdings, Mr Adegbite Falada, has said, the company’s modular refinery will start operations soon, describing local refining of crude into…
Billionaire Femi Otedola Appointed Non-Executive Director of First Bank Holding Plc Amidst Shareholder Changes
First Bank Holding Plc has appointed billionaire Femi Otedola as Non-Executive Director following the emergence of Oba Otudeko as the largest shareholder. Mr Femi Otedola appointment is subject to the…
MTN Becomes First Nigerian Company To Post N1.1trn Revenue In Six Months
MTN Nigeria Communications Plc has recorded a new milestone as the first listed company on the Nigerian Exchange Ltd to declare a record N1.16trn revenue in six months. The company’s…
UN Ready To Support Nigeria In Designing Impactful Palliative Measures –Schmale
The United Nations is ready to support the Nigerian government in designing both impactful palliative measures as well as translating effective and enduring measures to increase sustainable agri- cultural production…
Sushi and sashimi variety on rustic background
Nigeria revives river basin authority for food security boost
The Nigerian government has announced plans to revitalize the country’s River Basin Development Authorities to enhance food production and support citizens’ livelihoods. Vice President Kashim Shettima made the announcement on…
Nigerian banks brace up for mega capital raise
Nigerian banks are strategically gearing up for a major capital raise in response to various factors shaping the country’s economic landscape. Industry insiders and market intelligence from Nairametrics indicate that…
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