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Transcorp power enlisted on Nigerian Exchange main board
Business

Transcorp power enlisted on Nigerian Exchange main board

By Melvin Onwubuke   Transnational Corporation Plc (Transcorp Group) wishes to announce the listing of its subsidiary, Transcorp Power Plc (Transcorp Power or TP Plc) via listing by introduction on the Main Board of the Nigerian Exchange (NGX), on Monday, March 4, 2024. There will be a “Facts Behind the Listing” at NGX Group House […]

Kodion Energy urges Nigeria to abandon national grid
Electricity

Kodion Energy urges Nigeria to abandon national grid

The Nigerian authorities were encouraged over the weekend to abandon the present national grid system and adopt a micro-grid or smart grid structure by Kodion Energy, a smart electricity and consultancy business. The firm insisted that Nigeria would not be able to address its power problems with the current setup in a century according to […]

African Alliance Insurance pays out N1.1bn claims in two months
News

African Alliance Insurance pays out N1.1bn claims in two months

By Melvin Onwubuke   African Alliance Insurance Plc, a specialist life assurance office in Nigeria, hasAlliance Insurance Plc, a specialist life insurance company in Nigeria, has fulfilled its obligations to meet clients’ expectations and paid out out N1.1 billion in claims in the first 58 days of 2024. The company management said that, at present, […]

New expatriate levy sparks concerns over regional integration
News

New expatriate levy sparks concerns over regional integration

By Melvin Onwubuke   The Centre for Promotion of Private Enterprise, has announced that the new Expatriate Employment Levy from the federal government may set off reciprocal actions against Nigerian and negatively impact regional integration of ECOWAS and across Africa, according to nairametrics. This was disclosed by the chairman, Dr. Muda Yusuf in a statement, […]

Enyimba Economic City to boost Nigeria-India trade to $20bn — Indian investor
News

Enyimba Economic City to boost Nigeria-India trade to $20bn — Indian investor

The Managing Director of Crescendo Worldwide, a diverse FDI consultancy firm based in India, Mr. Vishal Jhadav, foresees that the Enyimba Economic City in Abia State will significantly elevate the trade volume between Nigeria and India, reaching $20 billion. Jhadav shared this outlook during a dinner event organized by the Enyimba Economic Development Company in […]

Natural catastrophes, conflict pose danger to countries' financial stability - Cardoso
Economy

Senate probes CBN officials over N30tn loan

By Melvin Onwubuke   The Senate has announced that, it will question some officials of the Nigeria Central Bank on how N30tn Ways and Means Loan was acquired and utilized, by the Federal Government under President Muhammadu Buhari. This was disclosed by the chairman of the senate ad-hoc committee, senator Isah Jibrin in an exclusive […]

Custom to free detained vehicles, amid FX crisis
News

Custom to free detained vehicles, amid FX crisis

By Melvin Onwubuke The Federal Government has announced a time limit of 90 days for the regulariszation of import duties on certain vehicle categories. This was disclosed by Abdullahi Maiwada, The National Public Relations Officer, Nigeria Customs Service, on Sunday. In the statement, Maiwada said the recent development was a proactive effort to improve compliance […]

InfraCredit, ATIDI sign N37bn risk sharing deal
Business

InfraCredit, ATIDI sign N37bn risk sharing deal

By Melvin Onwubuke   InfraCredit, a specialised infrastructure credit guarantee institution in Nigeria, has signed a local currency counter-guarantee agreement on a portfolio risk-sharing arrangement of N37 billion with the African Trade & Investment Development Insurance. In the statement, The agreement aims to support seven infrastructure portfolio companies of InfraCredit across seven sectors including energy, […]

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