Investment Archives — City Business News

March 28, 2025 No Responses

Nigeria, EU Discuss €1.3b Trade Investments In Nigeria

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun and the European Union (EU) Ambassador to Nigeria, Gautier Mignot, commenced high-level discussions on strengthening EU-Nigeria economic cooperation in Abuja. A statement issued by the Finance Ministry on...

March 12, 2025 No Responses

ABC Transport Shares Sustains Momentum As Diversification Excites Investors

ABC Transport Plc has experienced a significant uptick in its stock performance, with shares rising 22% year-to-date, climbing from N1.23 at the start of January to N1.50 as of March 11, 2025. This surge has elevated the company’s market capitaliza...

January 22, 2025 No Responses

SEC DG: Collective Investment Schemes Increased To N3tri In 2024

The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024.The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abu...

January 22, 2025 No Responses

Stanbic IBTC Launches N148.7b Rights Issue On NGX Invest

The Nigerian Exchange’s (NGX) e-offering platform, NGX Invest, continues to attract capital-raising in Nigeria with the addition of Stanbic IBTC Holdings Plc’s N148.7 billion rights issue. Presented at the Facts Behind the Rights Issue event, t...

December 4, 2024 No Responses

Senate Passes Investments, Securities Bill 2024

In a major boost to the operations of the Securities and Exchange Commission(SEC) and the Nigerian capital market, the Senate has passed the Investments and Securities Bill 2024.The Investments and Securities Bill, meant to repeal the Securities and Exch...

December 2, 2024 No Responses

Photo News

President of Angola, João Lourenço (Right) and President/CE, Dangote Industries Limited, Aliko Dangote, during an investment meeting of building cement factories, oil block acquisition in Luanda, Angola

October 28, 2024 No Responses

CNG: Dangote Invests $280m In Trucks, Infrastructure

Dangote Cement Plc has invested over $280million in Compressed Natural Gas (CNG) technology and infrastructure, in line with President Bola Ahmed Tinubu’s CNG Initiative, which aims to provide cheaper and cleaner alternatives for Nigerians, Tinub...

October 19, 2024 No Responses

AfDB Unveils $100m Investment Bank For Nigerian Youths

The African Development Bank (AfDB) has approved a Youth Entrepreneurship Investment Bank for Nigeria. AfDB president, Akinwunmi Adesina disclosed this on Friday in Abuja while delivering a keynote address at the 90th Birthday Lecture of former Head...

October 2, 2024 No Responses

TotalEnergies Announces Final Investment Decision For New Block

Chairman and Chief Executive Officer of TotalEnergies, Patrick Pouyanné, met on Tuesday in Paramaribo with Chandrikapersad Santokhi, President of the Republic of Suriname, and Annand Jagesar, Chief Executive Officer of Staatsolie, Suriname’s...

September 20, 2024 No Responses

Coca-Cola Unveils $1b Investment In Nigeria

President Bola Tinubu has reiterated his administration’s commitment to creating a robust financial system and a business-friendly economy that will attract more foreign direct investments. The President made the commitment on Thursday in Abuja, as the Coca-...

September 13, 2024 No Responses

Shippers Council Task Operators On Investment In Dockworkers’ Welfare

The Executive Secretary of Nigerian Shippers’ Council (NSC), Barr. Pius Akutah, has encouraged Nigerian seaport terminal operators to prioritize the investment in welfare of dockworkers. Akutah, who was speaking at the 2024 Dockworkers Day organized by S...

August 15, 2024 No Responses

ACCESS Holdings Plc Extends Rights Issues Acceptance To August 24

Following the approval of the Securities & Exchange Commission (SEC), Access Holdings Plc has extended the acceptance period for its ongoing Rights Issue to August 23, 2024. It was initially scheduled to close on August 14, 2024. A statement signed...

July 24, 2024 No Responses

Gabon Invites Dangote To Invest In Cement, Fertilizer Production

President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote to invest in Cement and Fertiliser production in Gabon. The President urged Dangote to explore potential investment ...

July 11, 2024 No Responses

NGX Unveils Impact Board For Sustainable Instruments

Nigerian Exchange Limited (NGX) has unveiled its Impact Board, a dedicated platform for listing sustainability instruments, following approval from the Securities and Exchange Commission (SEC). This initiative was announced during a Closing Gong Ceremony in La...