July 2020

NOVA Merchant Bank said that its N10 billion bond offer recorded 300 percent oversubscription. The bank in a statement said that the N10 billion 7-Year Subordinated Unsecured Bond is part of its N50 billion debt issuance programme,…

TSXV-listed West African junior Thor Explorations, winner of Mining Indaba’s Investment Battlefield in 2018, is proving this accolade well deserved. The company has made significant progress towards developing its flagship Segilola gold project in Osun, Nigeria – which is on…

C & I Leasing Plc has raised about N2.26 billion from its existing shareholders, 30 per cent or N970 million short of the leasing company’s target of N3.23 billion. C & I Leasing had sought to raise…

The Minister of Transportation, Mr. Rotimi Amaechi, yesterday said the Abuja-Kaduna train service would resume on Wednesday, July 29, 2020. He said during a test run of newly acquired coaches to be used on the corridor:   “We…

Non-oil export earnings through banks rose to $1.21bn in the first quarter of 2020. The Central Bank of Nigeria disclosed this on Friday in its first quarter economic report, titled ‘Non-oil export earnings by exporters.’ The CBN…

GOVERNORS of the thirty-six states of the country under the aegis of the Nigeria Governors Forum, NGF will next week sign a Memorandum of Understanding with the Central Bank of Nigeria, CBN on the Anchor Borrowers’ Programme…

A firm, the South West Bitumen Limited, has begun the modular exploitation of bitumen deposits in Ondo State. It was gathered that the firm, had secured a 25-Year Renewable Operational Mining License for the exploitation of the…

The Federal Government has announced that it has opened 14 airports across the nation for full domestic operations. This was disclosed by the Minister of Aviation, Hadi Sirika, on Saturday via his Twitter handle. What it means:…

Kano State Agro-Pastoral Development Project has expressed readiness to collaborate with Dantata Foods and Allied Products Ltd. for improvement of selected agricultural value chains. This is in line with the project’s objective to enhance linkages between smallholder…

Dr. Doyin Salami, the Chairman of the Presidential Economic Advisory Committee giving his views emphasized the fact that there are investment opportunities to be found in Nigeria in different dimensions. According to him one of the biggest…