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Oando Plc is planning to raise up to $750 million to fund a major drilling campaign aimed at boosting its oil output by as much as 300%. The plan was disclosed by the company’s Chief Executive Officer, Wale Tinubu, in an interview…
Read moreNestlé Nigeria Plc and Unilever Nigeria Plc’s combined intercompany loans rose to $316.615 million in 2025, underscoring their growing reliance on foreign-currency funding to sustain operations and capital investments. The disclosures were contained in the companies’ financial statements for the…
Read moreThe Central Bank of Nigeria (CBN) conducted its Treasury Bills Primary Market Auction on Wednesday, April 8, 2026, with total subscriptions rising to about N2.95 trillion, significantly exceeding the N700 billion on offer, despite a decline in stop rates. Auction…
Read moreThe Nigerian National Petroleum Company Limited (NNPC Ltd) remitted a total of N1.804 trillion to the Federation Account in February 2026. The post NNPC remits N1.8 trillion to Federation Account in February 2026 appeared first on Nairametrics.
Read moreSUNU Assurances Nigeria Plc has announced changes to its board of directors following the resignation of Mrs. Olajumoke Bakare and the appointment of Mr. Olayinka Adaramola. The post SUNU Assurances announces board changes as Olajumoke Bakare resigns appeared first on Nairametrics.
Read moreNigeria’s manufacturing sector contributed a total of N1.17 trillion in Value Added Tax (VAT) in 2025. This is according to data released by the National Bureau of Statistics (NBS). The figure represents a significant increase from the N803.53 billion recorded…
Read moreThe Joint Admissions and Matriculation Board (JAMB) has delisted 23 Computer-Based Test (CBT) centres across Nigeria over technical deficiencies recorded during the 2026 mock Unified Tertiary Matriculation Examination (UTME). The disclosure was contained in the latest bulletin released by the…
Read moreFor decades, barriers to trade, communication, and connection have been common within the African continent. Cross-border payments have been slowed down by reliance on foreign currencies, high transaction costs, and settlement inefficiencies. Individuals often struggle to send money home. Entrepreneurs…
Read moreThe Independent National Electoral Commission (INEC) has announced the postponement of its proposed nationwide voter revalidation exercise until after the 2027 general elections. The post INEC postpones nationwide voter revalidation exercise until after 2027 elections appeared first on Nairametrics.
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