By Financescape The Debt Management Office (DMO) has announced another Sovereign Sukuk this year for an expected maximum amount of N200 – N250 billion to finance infrastructure and critical road projects across the country. The Nigerian government through the Debt management office commenced the issuance of Sukuk in September 2017 as a strategic […]
Category: Business News
JAIZ BANK PLC HAS ANNOUNCED MR. SHEHU MOHAMMED AS IT’S NEW COMPANY SECRETARY/LEGAL ADVISER.
By Financescape Jaiz Bank Plc has announced the appointment of Mr. Shehu Mohammed as its new bank Secretary/Legal Adviser. According to the release signed by the company Executive Director, Mr. Sirajo Salisu for Jaiz Bank Plc notify The Nigerian Exchange Group NGX Regulation Limited and its entire Shareholders and the General […]
FBN Holdings announced closed period to consider unaudited half year 2021 account.
By Financescape First Bank Nigeria Holdings Plc has announced the commencement of close period, In a notice to the general public and stakeholders the company stated that the Board of Directors of FBN Holdings Plc will be meeting to consider the audited Half Year Accounts on the 29th of July 2021. […]
Mrs. Yemisi Edun Succeeds Mr. Adam Nuru as the CEO/Managing director of FCMB
By Financescape The appointment was subsequent to the end of the service of the Bank’s former Managing Director Mr. Adam Nuru. According to the release, the Board of Directors First City Monument Bank FCMB Group Plc confirmed and announced the appointment of former acting managing director Mrs. Yemisi Edun as its new […]
Nigeria’s Public Debt Stock Rose by +0.58% as at March 31, 2021
By Financescape Total Nigeria’s Public Debt Stock increased to N33.107 trillion as of March 31, 2021, as against N32.916 trillion previously recorded on December 31, 2020. According to a release by The Debt Management Office, External Debt Stock declined from USD33.348 billion as of December 31, 2020, to USD32.86 billion on […]
Airtel Africa announced sale of its tower’s infrastructure assets in Tanzania for $175 million.
By Financescape Airtel Africa a leading provider of telecommunications and mobile money services which offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally has set sale of tower portfolio in Tanzania for $175 million. […]
NIGERIA’S GROSS DOMESTIC PRODUCT ROSE BY 0.51% FIRST QUARTER 2021.
By Financescape The Nigeria Bureau of Statistics (NBS) has announced that Nigeria’s Gross Domestic Product rose by 0.51% Year-on-Year in real timers in the first quarter of 2021, making two consecutive quarters of growth following the negative growths rates recorded second and third quarters of 2020. NBS declared that the first […]
NIGERIA’S INFLATION RATE INCREASES BY 18.12 PERCENT IN APRIL 2021.
By Financescape The Nigerian Bureau of Statistics released the consumer price index report for April 2021. The consumer price index, (CPI) which measures inflation increased by +18.12% (year-on-year) in April 2021. According to the NBS report, this is -0.05% points lower than the rate recorded in March 2021 +18.17% and February 2021 […]
Bitcoin Slip below 43,000 dollars as Elon Musk Implied in a Twitter Exchange on Sunday That Tesla Inc May have or sold its Bitcoin Holdings.
MTN NIGERIA COMMUNICATION PLC ANNOUNCED THE COMPLETION OF ISSUANCE OF N110 BILLION SERIES 1 7-YEAR 13.0% FIXED RATE BONDS DUE 2028 UNDER ITS N200 BILLION BOND ISSUANCE PROGRAM
By Financescape MTN Nigeria Communication Plc, a telecommunication service provider in Nigeria announced the completion of its (series 1 Bond) debt capital under the N200,000,000,000 Bond Issuance Programme. The company had earlier declared its intention to raise N100 billion in Series I of the registered Shelf program adding that the Series I […]
OKOMU OIL PALM COMPANY PROPOSED A DIVIDEND OF N7.00 TO ITS COMPANY SHAREHOLDERS FOR PERIOD ENDED 31TH DECEMBER, 2020.
By Financescape OKOMU OIL PALM COMPANY PLC a Nigeria-based company specialized in producing and marketing palm oil and natural rubber has proposed to pay a dividend of N7.00 per 50kobo ordinary share to shareholders of the company whose names appear in the registrar of members on the 13th May 2021. […]
Airtel Africa Plc Announced the Signing of a $500m Loan Facility with a Group of Relationship Banks.
By Financescape Airtel Africa, a leading provider of telecommunications and mobile money services, today announced that the company has successfully signed a new $500m loan facility with a group of relationship banks. The committed facility consists of a combination of a revolving credit facility and term loans with tenor of up to […]