Tinubu to Inaugurate $115m WACT Terminal Upgrade Project: President Bola Ahmed Tinubu will officially commission the upgraded West Africa Container Terminal (WACT) in Onne, Rivers State, next Wednesday.
AVA Capital lists N200bn infrastructure fund on NGX: AVA Capital Group has listed a N200bn infrastructure fund on the Nigerian Exchange, as part of its mission to address Nigeria’s infrastructure deficit.
FG to inject $800m into power infrastructure: The Minister of Power, Adebayo Adelabu, has announced that the Federal Government is set to release $800 million for the construction of substations and distribution networks as part of the Presidential Power Initiative (PPI).
AMCON set to sell Ibadan Disco The Assets Management Corporation of Nigeria says the only way to make the Ibadan Electricity Distribution Company more efficient is to sell it to viable investors.
ABIQ projects construction sector to hit $45bn in 2028: African Business Intelligence has projected in its latest quarterly report that the Nigerian construction sector may grow to $45bn by 2028.
Nigeria’s health sector has attracted $4.8bn investment — Shettima: Vice President Kashim Shettima on Saturday said that the federal government’s health sector reforms have already attracted over $4.8 billion in potential investments.
Enugu State Govt. inaugurates 160-ton asphalt production plant in Emene: Enugu State Governor, Mr. Peter Mbah, on Thursday inaugurated a state-owned asphalt production plant in Emene with a capacity of 160 tons per hour, aimed at significantly reducing road construction costs for the state.
GCR affirms Custodian Investment Plc’s national scale issuer rating of AA-(NG); Outlook Stable: GCR Ratings (GCR) has affirmed Custodian Investment Plc’s national scale long term issuer rating of AA-(NG), with a Stable outlook.
GCR affirms Leadway Assurance Company Limited’s national scale financial strength rating of AA+(NG); Outlook stable: GCR Ratings (GCR) has affirmed Leadway Assurance Company Limited’s national scale financial strength rating of AA+(NG), with a Stable Outlook.
GCR affirms Custodian Life Assurance Limited’s national scale financial strength rating of AA-(NG); Outlook Stable: GCR Ratings (GCR) has affirmed Custodian Life Assurance Limited’s national scale financial strength rating of AA-(NG), with a Stable outlook.
GCR extends the ‘Review Extension’ on NPF Microfinance Bank Plc’s ratings: GCR Ratings (GCR) has extended the “Review Extension’ placed on NPF Microfinance Bank Plc’s national scale long and short-term issuer ratings of BBB+(NG) and A2(NG) respectively.
GCR downgrades Gombe State Government’s national scale long-term rating to BB(NG) from BB+(NG) on increased foreign exchange exposure; Stable outlook: GCR Ratings (GCR) has downgraded Gombe State Government’s national scale long-term issuer ratings to BB(NG), from BB+(NG) previously, but the short-term issuer rating was affirmed at B(NG).
GCR affirms Dufil Prima Foods Limited’s national scale issuer ratings of A-(NG) /A2(NG) on strong revenue progression, Outlook Stable: GCR Ratings (GCR) has affirmed the national scale long-term and short-term Issuer ratings of A-(NG) and A2(NG), respectively, to Dufil Prima Foods Limited, with a Stable outlook.
Nigeria’s $500 million domestic dollar bond offering ends today, with settlement set for September 6: Nigeria’s $500 million domestic dollar bond offering is set to close its subscription period today, Friday, with the settlement date scheduled for September 6, 2024.
FX turnover falls by 25% in August as official market struggles for liquidity, stability: The Nigerian official foreign exchange (FX) market experienced a marked decline in turnover in August, despite the initial Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN).
Nigeria’s GDP Growth in Q2 2024 Rises 3.19%, Despite Fiscal Bottlenecks: e National Bureau of Statistics (NBS) data revealed a resilient growth performance by the Nigerian economy.
Supplementary budget, FAAC allocation, wage hike may worsen Nigeria’s inflation – Augusto & Co: Agusto & Co, a leading credit rating agency, warns that Nigeria’s inflation, which recently saw a slight moderation, is at risk of persisting due to several upcoming fiscal measures.
Nigeria’s foreign capital inflow drops by 57.22% to $770 million in April 2024: Nigeria’s foreign capital inflow has decreased to $770 million in the fourth month of 2024.
