Investment – Page 9 – City Business News

August 2, 2021 No Responses

Zenith Bank Boss Canvasses Increased Impact Investing In Africa

Group Managing Director/Chief Executive Officer, Zenith Bank Plc, Mr Ebenezer Onyeagwu, has called for increased impact investing in Africa, to enable the continent to achieve its full potentials. A statement issued on Sunday explained that Onyeagwu made the call in a...

July 6, 2021 No Responses

TotalEnergies Explains $60b Investments In Nigeria

Deputy Managing Director, Deep water District. TotalEnergies, Mr Victor Bamidele, on Monday said the company has invested over$60 billion in exploration and other projects in Nigeria. Speaking at the Ongoing Nigeria Oil and Gas (NOG) Conferen...

June 18, 2021 No Responses

FBN Holdings Harps On Critical Role Of Financial Statement To Investment Drives

FBN Holdings (FBNH) Plc on Thursday harped on the importance of financial statements reporting to drive investments in the country. The Chief Finanicial Officer of FBNH, Oyewale Ariyibi, said this at the Capital Market Correspondents Association of Niger...

June 9, 2021 No Responses

Nigeria Seeks More Investment In Coconut Industry

May 27, 2021 No Responses

Dangote Cement Shareholders Okay N272.6b For 2020 Dividend

For the year ended December 31, 2020, shareholders of Dangote Cement Plc on Wednesday approved total dividend of N272.6 billion, amounting to N16 per share. Speaking at the 12th Annual General Meeting (AGM) held virtually in Lagos State, the founder,...

April 27, 2021 No Responses

NIMASA Explains Investment In Three Helicopters, Four Air Vehicles, Deploys 250 Cadets

The Nigerian Maritime Administration and Safety Agency (NIMASA) is to launch new Deep Blue Project (DBP) “in the coming weeks” as part of measures to boost maritime security, safety and shipping development. ...

April 26, 2021 No Responses

TAJBank Declares N845m Profit In 2020

For the year ended December 2020, TAJBank has declared N845million Profit After Tax (PAT) and total assets of N50 billion. In a statement on Sunday, TAJBank explained that result attained within its first year of operation “ highest earning per.....

April 2, 2021 No Responses

UBA Assures Shareholders Of impressive Performance, Explains N7.7tri Assets

United Bank for Africa (UBA) Plc on Thursday assured its shareholders and investors of enhanced returns on investments in the coming months. This, the bank said, followed its establishment of a diversified business model that would ensure impressive performanc...

April 2, 2021 No Responses

MasterCard Invests $100m In Airtel Africa’s Mobile Money

Airtel Africa, a telecommunications and mobile money services company has signed an agreement under which MasterCard will invest $100 million in Airtel Mobile Commerce BV (AMC BV). According to a statement issued by the telco, AMC BV is a wholly...

March 19, 2021 No Responses

The Rise Fund Invests $200m In Airtel Africa Mobile Money Business

Airtel Africa Plc has announced the signing of an agreement of 200 million dollars investment in Airtel Mobile Commerce BV (AMC BV) by TPG’s Rise Fund, a global impact investing platform. According to a statement signed by Mr Simon O’Hara,...

March 12, 2021 No Responses

Minister Tasks Capital Market Operators On Retail Investments

The Federal Government on Thursday advised capital market operators to consider retail investments, to enable ordinary citizens in the country to invest in the market. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, made the call at ...

February 22, 2021 No Responses

Nigeria To Boost FTZs Competitiveness Through AfCFTA

The Nigeria Export Processing Zones Authority (NEPZA) is to leverage on the African Continental Free Trade Area (AFCTA) to boost the country’s Free Trade Zones (FTZs) competitiveness. Prof. Adesoji Adesugba, the Managing Director of NEPZA, made t...

October 30, 2020 No Responses

CBN Explains Framework For N75b Youth Investment Fund

The Central Bank of Nigeria (CBN) has released guidelines for implementation of the proposed N75 billion Nigeria Youth Investment Fund (NYIF). CBN, in a statement by its Development Finance Department, stated that the fund was a built-in strategy to effectivel...

October 26, 2020 No Responses

CIS Tasks FG On Capital Market Investment Opportunities

The Chartered Institute of Stockbrokers (CIS) on Sunday urged the Federal Government to leverage investment opportunities in the capital market for medium and long-term capital to bridge infrastructure deficit. The CIS President, Mr Olatunde Amolegbe, in...