Good morning, here are the latest top business news headlines for today Friday, 29 January 2021.
Airtel Gets Approval To Renew Spectrum Licenses, Pay ₦71.61 billion
The Nigerian Communications Commission (NCC) has approved the renewal of Airtel Nigeria’s spectrum licenses in the 900 megahertz (MHz) and 1800MHz bands.
In a notice to the Nigerian Stock Exchange (NSE) on Thursday, Airtel Nigeria said…Read more
Oil Marketers Get N505.56 Billion As DMO Issues Promissory Notes
The Debt Management Office, DMO, has issued promissory notes worth N505.56 billion to settle Nigerian government’s debt and contractual obligations to oil marketers in the private sector and government agencies.
This represents 37.32 percent of the total N1.35tn promissory notes the DMO issued…Read more
Afreximbank Funds Elumelu’s OML 17 Oil Bloc Deal With $250 Million
African Export-Import Bank (Afreximbank) has disbursed $250 million out of $1.1 billion required to finance the acquisition by Trans Niger Oil and Gas Limited (TNOG) of a 45 percent stake in OML 17 onshore oilfield.
TNOG is a related company of Heirs Holdings Limited and…Read more
NAFEX Update: Naira Strengthens At Black Market
The naira to dollar exchange rate strengthened on Wednesday, November 27, 2021, as it sold for N478 to one dollar at the parallel market/black market.
This is an indication that naira appreciated in value by…Read more
Banks’ Credit Grows By N774.28bn – CBN
The Central Bank of Nigeria disclosed that banks’ credit stood at N774.28 billion in the month of December 2020.
It stated that the credit saw a 13.40 percent increase when compared to…Read more
NMRC Lists N10 billion Bond On FMDQ
Nigerian Mortgage Refinance Company, NMRC, PLC has listed Series 3 ₦10 billion Fixed Rate Bond under its ₦440 billion Bond Issuance Programme on FMDQ Securities Exchange’s platform.
This is following the approval and due diligence of FMDQ’s Board…Read more
Investors Gain N181bn On Positive Market Sentiments
Trading on the Nigerian Stock Exchange sustained positive sentiment for the third consecutive trading session on Wednesday as the market capitalisation gained N181bn.
The NSE All-Share Index and market capitalisation, rose by…Read more
Cadbury Posts N172.27m Profit In 2020
Cadbury Nigeria Plc has reported a profit after tax of N172.27m for the one-year period ended December 31, 2020, as contained the company’s unaudited financial report for 2020.
This is an 84 percent reduction in profit as against…Read more
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