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Wednesday, July 15, 2020

Dangote Cement ’s N100bn Commercial Paper notes gets FMDQ Exchange approval

FMDQ Securities Exchange Limited has announced the approval of the quotation of the Dangote Cement Plc N34.00 billion Series 15 and N66.00 billion Series 16 Commercial Paper (CP) notes under its N150.00 billion Domestic CP Issuance Programme on its platform. This comes on the back...

Nigeria awaits first gold output in 2021 as Thor explorations finalize AFC funding deal

With focus on Nigeria’s First gold production is scheduled for the second quarter of 2021. TSX-V-listed Thor Explorations has executed its definitive documents with the Africa Finance Corporation (AFC) to secure all the funding needed for the Segilola gold project, in Nigeria, and has made...

Nigeria’s Access Bank redefining, reshaping e-Learning culture

Showing a deep understanding of the adverse effects the COVID-19 pandemic on Nigeria’s education system, Africa’s Most Sustainable Institution, Access Bank PLC has rolled out Access 9ijaKids, a 12-week eLearning programmme aimed at improving the intelligence quotients, financial literacy and civic knowledge of primary...

S. Africa’s Sanlam buys out FBN insurance business from Nigeria’s First Bank

June 2 - South Africa’s largest insurer Sanlam said on Tuesday it bought out the remaining 65% stake in Nigerian insurance business FBN Insurance it did not already own from First Bank, deepening its presence in the West African country. Sanlam did not disclose...

Access Bank begins disbursement of loans to grow Nigerian health sector

Access Bank PLC is set to release loans through the Central Bank of Nigeria (CBN) credit support scheme to ramp up the capacity of Nigeria’s pharmaceutical and healthcare industries. This has become necessary as the country continues to tackle the evolving crisis of the...

Access Bank rewards customers with millions amid COVID-19 pandemic

Access Bank Plc has rewarded 10 customers with one million naira each and 28 female customers with N100,000 each in its DiamondXtra monthly draw. Mr Victor Etuokwu, the bank’s Executive Director, Retail Banking, said in a statement on Saturday that the draw was held at...

COVID-19: Fidelity Bank Donates N10m To Plateau State Government

Fidelity Bank Plc on Wednesday donated N10 million to the Plateau State Government COVID-19 Trust Fund. The Regional Head, North Central, of the bank, Mr Sadi Zawuya, while making the presentation at Government House Jos, commended Gov Simon Lalong for his commitment to combating the...

Lafarge Africa halts capex and warns of second-quarter sales drop

Chijioke Ohuocha ABUJA, May 19 - Lafarge Africa will freeze capital expenditure this year, Chief Executive Khaled El Dokani said on Tuesday after the cement company forecast a drop in second-quarter sales as the coronavirus pandemic hits demand. Major infrastructure projects have been put on...

ADM Energy Invests $250,000 for Additional Stake In OML 113 Asset In Nigeria

ABUJA – The Chief Executive ADM Energy Plc’s Osamede Okhomina, has dis­closed the company’s decision to pay a US$250,000 deposit, in cash and shares, for its previously announced acquisition of an additional 2.25% in­terest in the OML 113 asset in Nigeria. He says they’ve now...

Dangote Cement donates anti-COVID-19 kits worth N64.50 million to Cameroon govt

As part of its corporate social responsibility project, Dangote Cement Cameroon SA has handed over Personal Protection Equipment (PPE) kits worth 100 million CFA francs (about N64.50 million) to the country’s Ministry of Public Health to support healthcare workers on the frontline in the...
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