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Nigeria Taps Global Markets with $2.25B Eurobond Sale
In a bold financial move, Nigeria has launched a $2.25 billion Eurobond issuance, even as geopolitical tensions swirl. The sovereign debt is split into two tranches—10-year and 20-year—offeri...
NASCON Allied Industries Proposes New Dividend as Profit Rises by 151% to N13.73BN
NASCON Allied Industries announced that it gained more market share even as its profit after tax (PAT) rose by 151% to N13.73 billion for the financial year ended December 31, 2023.NASCON also reporte...
NLC Threatens a Mass Protest Following the Lingering Naira Scarcity
On Tuesday, the Nigeria Labour Congress expressed its concerns about the prolonged cash scarcity in the country as it has threatened to go on a mass protest if the issue is not rectified by the Federa...
Indian Continent Investment Limited Acquires £57.25 Million in Airtel Africa
Indian Continent Investment Limited has acquired an additional £57.25 million worth of shares in Airtel Africa.In a corporate notice that was filed with the Nigerian Exchange Limited on Thursday, the...
ABCON Warns Currency Speculators of Causing the Naira to Lose Value Against the Dollar
The Association of Bureau de Change Operators of Nigeria recently urged currency speculators to deviate from their previous actions, which have pushed the nation’s currency into losing value against...