Emzor raises N26.7bn bond to boost local drug manufacturing
By Yinka Kolawole Emzor Pharmaceutical Industries has raised a $19.8 million (N26.7 billion) Series 1 Fixed Rate Bond on the FMDQ Group Exchange, in a major move to strengthen local pharmaceutical manufacturing and complete West Africa’s first full-scale anti-malarial Active Pharmaceutical Ingredient (API) manufacturing facility. The bond, issued through Emzor’s special purpose vehicle, Emzor Pharma […]
FCMB Group’s diversified business model and digital innovation drive sustainable growth and investment appeal
FCMB Group Plc’s “Facts Behind the Offer” presentation at Nigerian Exchange Group (NGX), on Monday, October 13, 2025, highlighted the strength of its diversified business ecosystem and its accelerating digital transformation, making a compelling case for investors eyeing sustainable growth and innovation in Nigeria’s financial sector. Ladi Balogun, FCMB Group Chief Executive Director, emphasised that […]
FG targets 540MW with power restoration at ALSCON
By Obas Esiedesa, Abuja The Minister of Power, Chief Adebayo Adelabu, has pledged to restore the power plant at the Aluminium Smelter Company of Nigeria (ALSCON), saying the facility could contribute up to 540 megawatts (MW) of electricity to the national grid. Adelabu who made the commitment during a working visit to the company in Ikot-Abasi, […]
Nigeria, Denmark sign MoU on digital transformation, innovation
By Peter Egwuatu The Federal Government, through the Ministry of Communications, Innovation and Digital Economy, has signed a Memorandum of Understanding (MoU) with Denmark to strengthen collaboration on digital transformation and innovation aimed at driving inclusive economic growth. The agreement was signed in Lagos during the NORDIC Nigeria Connect Conference themed “Forging Partnerships for Sustainable Impact.” […]
UBA inducts 700 young professionals under leadership scheme
By Esther Onyegbulam Africa’s Global Bank, United Bank for Africa (UBA) Plc, has inducted over 700 young professionals into its workforce under the Graduate Management Accelerated Programme (GMAP) — a flagship talent initiative designed to groom the next generation of African leaders. Since its launch three years ago, GMAP has produced more than 4,000 professionals across […]
Local content policy not stifling oil industry investments – Nwapa
By Udeme Akpan The pioneer Executive Secretary of the NCDMB, Dr. Ernest Nwapa has dismissed speculations that the stringent implementation of local content policy was responsible for the absence of final investment decisions (FIDs) in the country’s oil and gas sector over a period of time. In a presentation, titled, “Staying the Nigerian Content Course in […]
