Dangote Industries Ltd.'s 650,000 bpd refinery, the largest in Africa, is set to rely solely on Nigerian crude oil by the end of 2025, potentially replacing hundreds of thousands of barrels of imported crude daily.
Access Bank Plc, Nigeria's largest lender by assets, has raised 351 billion naira ($228 million) through a rights offer to strengthen its capital beyond a new regulatory requirement as part of its expansion strategy.
Nigeria, Bloomberg Partner to Attract Economic Investment
The Federal Ministry of Finance Incorporated (MOFI) has entered into partnership with financial giant Bloomberg.
The two-year initiative aims to highlight the country’s economic potential and address investor hesitations rooted in outdated or negative perceptions.
During a meeting held in...
Naira Declines by 8.2% Against Dollar
Nigeria’s naira has continued its downward slide, falling to a new low of N1,677 per dollar at the official close on Wednesday, according to data from FMDQ compiled by Bloomberg.
This represents a decline of 8.2 per cent since the...
Nigeria's Presidential administration has refuted a Bloomberg report alleging a delay in coupon payments on its savings bonds, asserting that all financial obligations are being fulfilled as planned.
