Finance Minister Olawale Edun announced the Federal Executive Council’s (FEC) approval of a $1 billion concessional loan from the African Development Bank (AfDB) aimed at bolstering the budget and enhancing foreign exchange reserves. Edun revealed the loan details, citing a 4.2% interest rate over 25 years with an eight-year moratorium, following a cabinet meeting in Read More…
The Bureau of Public Enterprises (BPE) has called on prospective investors to express interest in purchasing 100 per cent shareholding in any of the five power generation companies constructed under National Integrated Power Project (NIPP) listed for sale. It said this in a document signed by the Director-General, Mr Alex Okoh, and made available to Read More…
The Nigerian Stock Exchange (NSE) has urged investors to trade with caution on the shares of 13 companies for failing to submit financial statements without any explanation. The affected companies include Aso Savings and Loans, Deap Capital Management & Trust, DN Tyre & Rubber, FTN Cocoa and Goldlink Insurance. Others are International Energy Insurance, Medview Read More…