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  • GEREGU power firm lists on stock exchange

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Banking & Finance
    Hope rose for improved market liquidity, yesterday, as Geregu Power Plc (GPP) was admitted into the main board of the Nigerian Exchange Limited (NGX) by way of listing by introduction (LBI) of its 2.5 billion ordinary shares of 50 kobo each at N100 per share.
  • AFEX expands operations to Kenya

    Content Types: ArticleRegions & Countries: KenyaNigeriaIndustries: AgribusinessLifestyle & Consumer Goods
    AFEX, Nigeria’s leading commodities exchange and commodities market player, announces its expansion into Kenya, following a successful pilot phase in the most diversified economy in East Africa.
  • LCCI Signs Multi-Billion Naira Trade Agreement With CABC

    Content Types: ArticleRegions & Countries: ChinaNigeriaIndustries: Commodities & Trade
    In a fresh attempt to deepen trade relations between Nigeria and China, the Lagos State Chamber of Commerce and Industry (LCCI), and the China Africa Business Council (CABC) has signed a multi billion naira memorandum of understanding (MOU).
  • Moroccan Dolidol Company to step up operations in Nigeria with IFC Support

    Content Types: ArticleRegions & Countries: MoroccoNigeriaIndustries: Commodities & Trade Lifestyle & Consumer Goods
    Dolidol, a Moroccan manufacturer and distributor of bedding products, has secured a €20 million financial support of the International Finance Corporation and Proparco to enhance its production and sales in Nigeria.
  • AFEX launches $100 million food security fund for expansion across African market

    Content Types: ArticleRegions & Countries: NigeriaIndustries: InfrastructureBanking & Finance...
    AFEX, Nigeria’s commodity market has launched a new $100 million 10-year bond called the Food Security Fund (FSF) to enable it produce as much as three million metric tonnes of food annually in Africa.
  • Central Bank of Nigeria invests $226 million in health sector

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Medical & Health
    The Central Bank of Nigeria, CBN, has spent the sum of N85.89 billion on its Health Sector Intervention Facility (HSIF).
  • CBN cancels commodity exchange privatisation, invests N50 billion

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Banking & Finance
    In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will give farmers direct access directly to the buyers at the exchange as it eliminates arbitrage currently being enjoyed by middlemen.
  • CBN grants licenses to 3 Payment Service Banks

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Banking & Finance
    The Central Bank of Nigeria (CBN) has granted final licenses to 3 Payment Service Banks (PSBs) to start operation.
  • FG, China Begin Construction of Brass Shipyard

    Content Types: ArticleRegions & Countries: ChinaNigeriaIndustries: ManufacturingShipping
    The federal government weekend said it has begun a feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which will be ready in six months to cater for the maintenance and repair services of cargo vessels, oil tankers and Liquefied Natural Gas (LNG) carriers.
  • UPDC lists $41 million rights issue of NSE

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Banking & Finance
    UACN Property Development Company (UPDC) Plc has listed its N16 billion rights issue at the Nigerian Stock Exchange (NSE).

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