Ellah Lakes’ N235bn Public Offer Failed, Investors Get Refund Ellah Lakes Plc’s N235 billion public offers failed to meet the minimum subscription threshold required for allotment, according to a regulatory…
Iran Says Strait of Hormuz Closed, Warns it’ll Attack Ships Trying to Pass Iran says the Strait of Hormuz is closed and it will fire on any ship trying to…
Money Market Rate Mixed, Banks Boost SDF Placement Money market rates closed mixed despite a significant surge in financial system liquidity at the beginning of the week. The overnight lending…
XRP Gains on Strong ETF Inflows, CEO Regulatory Advocacy Ripple (XRP) gained about 4% in 24 hours to $1.40, closely tracking Bitcoin’s 4.55% gain amid a broader 3.69% market rally…
Champion Breweries Completes Bullet Brand Portfolio Acquisition Champion Breweries today announced the successful completion of its acquisition of the Bullet brand portfolio from Sun Mark, marking a transformative milestone in…
Dawes Island Oil Field Secures $109m Funding Dawes Island Marginal Oil Field has secured a $109 million lending facility with Toronto-based REIN Capital to boost its operations. Odjegba Onoriode, the…
Nigerian Tugboat Sinks off South African Coast A maritime tragedy unfolded off South Africa’s coast, where a Nigerian tugboat, LEO, sank in turbulent waters late on Saturday. One crew member…
Akwa Ibom Pays N39.83 billion Debt The Akwa Ibom Government says it has cleared all inherited bank debts totalling N39.83 billion, including the principal and interest. The Commissioner for Finance,…
NAICOM, BPP Sign Pact for Insurance Bond Issuance The National Insurance Commission (NAICOM) and the Bureau of Public Procurement (BPP) have signed a Memorandum of Understanding (MoU) to standardise requirements…
Nigeria’s Net Foreign Reserves Climb to $34.8bn –Cardoso Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s net foreign exchange reserves stood at N34.80 billion dollars…