Nigerian Bottling Company marks 75yrs, reaffirms commitment to Nigeria
By Tunde Oso Nigerian Bottling Company (NBC) Ltd, a member of the Coca-Cola HBC Group, has marked its 75th anniversary in Nigeria with a gala event held at the Conference Centre, Abuja. Reflecting on the company’s origin, Anastassis G. David, Chairman of Coca-Cola HBC, said: “In 1951, Anastasios Leventis negotiated the rights for the whole […]
CBN refutes $1.3bn fuel import FX report
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has refuted the report that it allocated $1.269 billion foreign exchange for the importation of petroleum products in the first quarter of the year.“It said in a statement yesterday that the report was misleading and inaccurate. “The Central Bank of Nigeria (CBN) has noted […]
Abia to explore opportunities across key sectors with investment summit
By Providence Ayanfeoluwa The Abia State Government has announced plans to leverage the forthcoming Abia–Turkiye Investment Summit and Product Exhibition to attract investors and unlock opportunities across key sectors including manufacturing, agriculture, textiles, energy, and infrastructure. The event, themed “Bridging Continents, Unlocking Prosperity,” is scheduled to hold from November 25 to 27, 2025, at the […]
Nigeria’s money supply drops 1.5% to N117.8 trn
…As credit to economy falls 5% to N96.7trn By Elizabeth Adegbesan Nigeria’s Money Supply (M²) dropped by 1.58 percent month-on-month (MoM) to N117.8 trillion in September 2025, from N119.7 trillion in August 2025, driven by a five per cent decline in banks’ credit to the economy. The Central Bank of Nigeria’s, CBN, disclosed this yesterday in its Money […]
CBN denies allocating $1.25bn for fuel import
The bank noted that the referenced figure of US$1.259 billion, as published in the CBN’s Q1 2025 Sectoral Utilisation of Foreign Exchange data, did not represent CBN disbursements.
FirstBank demonstrates effective assets and liability management with Eurobond Redemption
First Bank of Nigeria Limited (FirstBank), the premier bank in West Africa and a leading financial inclusion service provider, has announced that it has redeemed its $350 million Eurobond upon maturity on 27 October 2025. The Eurobond was issued as Senior Notes in October 2020 at 8.625% with semi-annual coupon payments, which was 70% oversubscribed at […]
