Author Archives: Ruth Omoteso

President Buhari has earmarked the sum of N2.557 trillion for fuel subsidy in the amended 2022 budget proposal sent to the National Assembly The amendment proposal is contained in a six-page letter sent to the House on Tuesday. In the letter, President Buhari is asking the National Assembly to approve the sum of N2.557 trillion supplementary budget […]

The result of the first public offer of MTN Nigeria Communications ordinary shares has been published on the website of the Nigerian Exchange. According to the telecom giant: The offer was 139.47% oversubscribed, activating the allocation of an additional 86.25 million shares. Retail shareholders received full allotment despite over-subscription Institutional shareholders under the Bookbuild were pro- rated[…]

The European Union has announced that it will invest €820 million in Nigeria Digital Economy The Executive Vice-President of European Commission, Margrethe Vestager disclosed this a recent meeting with Vice President Yemi Osinbajo. According to Margrethe Vestager, the €820 million was included in the Global Gateway Africa-Europe Investment Package worth €150 billion earlier announced by the EU[…]