China’s biggest ride-hailer, Didi Global Inc, on Wednesday raised $4.4 billion by pricing its shares at $14 each in its upsized New York initial public offering (IPO), according to public filings According to Dealogic, a financial markets platform offering integrated content, analytics, and technology via a service to financial firms, with the raising of about […]
In what seems to be a reflection of the realities on ground on the ongoing NIN-SIM verification exercise, the Federal Government has approved July 26, 2021as the new deadline for the completion of the exercise nationwide. The Director, Public Affairs Nigerian Communications Commission (NCC), Ikechukwu Adinde and the Head, Corporate Communications, Nigeria Identity Management Commission […]
A Federal High Court in Lagos presided over by Justice T.G Ringim has fixed the hearing of a motion seeking the final forfeiture of the $5.78m and N2.4bn linked to former First Lady, Mrs. Patience Jonathan for October 7 this year. It would be recalled that Justice Mojisola Olatoregun had on April 26, 2017, ordered […]
The House of Representatives’ Joint Committee on Finance, Banking and Currency on Monday held its inaugural hearing on alleged revenue leakages from the Federation Account estimated at about $30bn yearly relating to transfer of funds for payment of international contracts and interbank transfers, among others. The committee, co-chaired by Honourables James Faleke and Victor Nwokolo, […]
The Nigerian National Petroleum Corporation (NNPC) on Tuesday said that its planned acquisition of 20 per cent stake in the $12 billion Dangote Refinery would be funded through borrowing The corporation’s Group Managing Director, Mallam Mele Kyari, who gave this hint during an interview with Channels Television, said that already negotiations were ongoing with some […]
UNITLIFE, the United Nations trust fund dedicated to preventing chronic malnutrition, was officially launched on the sidelines of the Generation Equality Forum held on Monday in France. The global programme created by UN Women, UN Capital Development Fund (UNCDF), Government of France, and the Abu Dhabi Crown Prince Court leverages innovative finance and partnerships to […]
The World Bank on Tuesday raised its China’s economic growth forecast this year to 8.5% from 8.1%, hinging the attainment of the projection and country’s full recovery on progress in vaccinations against the coronavirus pandemic The Breton Woods institution in its report noted that factory and consumer activities in the country back above pre-outbreak levels, […]
Cellulant, a leading Pan-African payments company has unveiled its new brand identity and re-affirm its commitment to partner with global, regional and local businesses to accelerate payments’ digitization across Africa. The technology firm has over the last couple of years evolved to become more than just a business but an idea and belief that Africa […]
The Central Bank of Nigeria (CBN) has approved the release of 50,000 metric tons of maize to 12 maize producers, from the strategic maize reserve (SMR) as part of its sustained drive towards achieving food security in Nigeria The beneficiary farming entities are Premier Flour Mills, Crown-Olam, Grand Cereals, Animal Care, Amobyn and Hybrid Feeds, […]
The Nigerian National Petroleum Corporation (NNPC) on Thursday hinted that it was collaborating with the Economic and Financial Crimes Commission (EFCC), security agencies and relevant downstream and upstream stakeholders in the petroleum industry to combat the increasingly worrisome problems of petroleum products’ smuggling and crude oil theft in the country. The corporation’s Group Managing Director, […]