06
SepForex rate to determine price of Dangote petrol- NNPC
The Nigerian National Petroleum Company Limited (NNPC) has clarified that the cost of petrol from the Dangote Refinery will be influenced by foreign exchange rates and market dynamics. This announcement comes in the context of the deregulated fuel market in Nigeria. NNPC is scheduled to commence the supply of petrol […]
06
Sep€1bn Global Syndicate Loan: BOI records 42.5% oversubscription
The Bank of Industry (BOI) announced that its €1 billion Global Syndicate Loan programme was oversubscribed by 42.5%, resulting in a total of €1.425 billion raised from international financial markets. According to BOI, the facility includes both fully guaranteed and partially guaranteed tranches by the Africa Finance Corporation. The bank[…]
30
JulTranscorp Power to Distribute N34.7 Billion in Dividends Within Six Months of Listing
Transcorp Power, which debuted on the Nigerian Exchange Group (NGX) on March 4, 2024, will distribute N34.7 billion in dividends. This total includes N24.5 billion as a final dividend for the 2023 fiscal year and N11.25 billion as an interim dividend for the first half of 2024. For the first[…]
30
JulTOTAL ENERGIES BEATS Q2 PROJECTIONS
Total Energies Marketing Nigeria Plc has exceeded expectations by reporting a pre-tax profit of N13.730 billion for Q2 2024. This reflects a 95% year-over-year increase, far surpassing its forecast of N6.419 billion. This brings the H1 2024 pre-tax profit to N30.571 billion, nearly double the total pre-tax profit for 2023.[…]
