Tag: Firms

10 things to know about capital market investment
Business featured

Why Nigeria’s biggest firms now spend heavily – Report

Nigeria’s largest listed companies are committing substantial capital to property, plant and equipment as they seek to shield operations from inflationary pressures, currency instability and persistent infrastructure gaps, even as earnings show signs of improvement. According to an analysis by BusinessDay of filings on the Nigerian Exchange, it was revealed that a small group of […]

Business

Nigerian firms grapple with high borrowing costs, power issues — Report

Nigerian firms have continued to grapple with limited access to credit and high cost of doing business even as the economy recovers and confidence persists for the seventh consecutive month, according to the Nigerian Economic Summit Group-Stanbic IBTC Business Confidence Monitor. According to the latest report for August, the Current Business Index rose to 107.3 […]

News

250 firms opt for independent power generation amid persistent blackouts

Amid persistent blackouts, around 250 manufacturers and academic institutions have decided to sever ties with their respective power distribution companies and generate their own electricity. Many of these organizations, which are major electricity consumers, have turned to self-generation to secure a reliable power supply. This shift comes in the wake of rising electricity costs, fuel […]

Chinese, Nigerian energy firms sign $1bn gas flaring deal
Business

Chinese, Nigerian energy firms sign $1bn gas flaring deal

A Nigerian energy corporation, NIGUS International, has entered into a $1 billion agreement with Beijing Zhogmin Xinjunlong New Energy Technology corporation Ltd., a Chinese enterprise, to finance and promote gas flaring solutions in Nigeria. According to the News Agency of Nigeria, President Bola Tinubu issued a national directive that led to the signing of this agreement on […]

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap
Business

Transcorp Hotel, tech firms record highest returns

Transcorp Hotels Plc provided investors with a higher return on investment in terms of capital gain in 2023 when compared to other companies listed on the Nigerian Exchange Limited. According to The PUNCH, the hospitality/tourism industry began the year at N6.25 per unit and completed the year at N70.18 per share. This amounted to a […]