AfDB Launches $2bn in New Social Bond Issue
The African Development Bank (AfDB) has announced the successful launch and pricing of a new $2bn five-year social benchmark bond, which is set to mature on September 18, 2029.
A social benchmark bond is a type of bond...
Dangote Refinery Forced to Export 97% of Product – Edwin
The Dangote Petroleum Refinery says only 3 percent of local oil marketers are purchasing refined petroleum products.
Devakumar Edwin, vice-president of Dangote Industries Limited (DIL), spoke during an X space organised by Nairametrics.
He said due to...
Auditor General Says N8bn not Enough to Audit Over 1000 MDAs
The Auditor General of the Federation, Shaakaa Chira, said the N8bn budget for the Auditor General’s office is not enough to audit over 1000 Ministries, Departments and Agencies (MDAs) and the N28.7 trillion annual...
Customs Seizes N1.4bn Smuggled Items in South West
Operatives of the Joint Border Patrol Team Sector 2 of the Nigeria Customs Service have intercepted N1.4 billion worth of goods allegedly being smuggled in and out of the country through the land borders in the South...
Nigeria’s Trade Surplus Hits 7% to N6.9tn in Q2 - Report
Nigerian foreign exchange earnings grew in the second quarter of 2024 based on strong export performance as the foreign trade surplus increased to N6.95tn.
A trade surplus is an economic measure of a positive balance...
9.7% Interest on Dollar Bond Gains Oversubscription by $400m - Experts
Experts have attributed the oversubscription recorded in the first dollar-denominated domestic bond to the attractive yields of the $500m bond just as they called for judicious utilisation of the proceeds in critical sectors that...
