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IFC and Partners Support BUA with $500 Million Facility to Boost Industrialization, Create Jobs, in Nigeria

Written by 06 June, 2023
International Finance Corporation (IFC) has made its largest-ever investment in northern Nigeria, providing a financing package alongside African and European partners to BUA Cement Plc to help the company part-finance and develop two new, energy-efficient cement production lines that will create up to 12,000 direct and indirect jobs.

CBN raises interest rate to 18.5%

Written by 24 May, 2023
The Central Bank of Nigeria (CBN), has again raised interest rate from 18 percent to 18.5 percent.

Access Bank PLC expands global footprint with launch of French subsidiary

Written by 18 May, 2023
Access Bank PLC, the flagship company of Access Holdings PLC, on Thursday officially launched its subsidiary in Paris, France. The Bank’s operations will focus on trade finance, initially capitalising on flows between Africa and France, particularly Francophone Africa.


Written by 10 May, 2023
Pioneer President of the France Nigeria Business Council, Abdul Samad Rabiu, has handed over the reins of the council after a successful two-year tenure to Herbert Wigwe, the Group Managing Director of Access Bank.

Vice President Yemi Osinbajo Commissions Transcorp’s Afam 240MW Three Fast Power Turbines

Written by 10 May, 2023
The Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo on Tuesday commissioned Transafam Power - a subsidiary of Transnational Corporation Plc’s 240MW Afam Three Fast Power plant in Afam, Rivers State. With an already existing power plant residing in Afam, this brings the cumulative generating capacity of the plant to 1,000MW.

Transcorp Power, First Power Generation Company to Fulfil All Privatisation Obligations, Receives Discharge Certificate from Federal Government of Nigeria

Written by 08 May, 2023
Transcorp Power Limited, Nigeria’s leading power generation company, located in Ughelli Delta State, with an installed capacity of 972MW, was presented with a post-privatisation discharge certificate by the Federal Government of Nigeria, following fulfilment of all privatization conditions.

Sudan: Dangote supports Nigerian returnees with N100,000 each

Written by 05 May, 2023
The Aliko Dangote Foundation (ADF) has commenced the disbursement of hundred thousand naira (N100,000) and Dignity Packs to each of the Nigerian returnees from Sudan.

Nneka Onyeali-Ikpe’s impressive performance records stellar results for Fidelity Bank’s FY 2022

Written by 28 April, 2023
Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today.
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