Afreximbank, APPO establish Africa Energy Bank
African Export-Import Bank (Afreximbank) and the African Petroleum Producers' Organisation (APPO) have established the Africa Energy Bank (AEB).
Investors dump Cadbury shares despite 200% profit growth, dividend
Investors in the Nigerian Stock Exchange, NSE, Monday dumped the shares of Cadbury Nigeria Plc after the issuer reported 200 percent growth in profit after tax, PAT, for the year ended December 31, 2017 and recommended16 kobo dividends for the year.
CBN injects $210m as naira appreciates to N360.45/$
The Naira yesterday started the week with a 12 kobo appreciation to N360.45 per dollar, in the Investors and Exporters (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210 million into the foreign exchange market.
FG, RMI to cut cost of electricity delivery by 60%
THE Federal Government through the Rural Electrification Agency, has entered into a partnership with the Rocky Mountain Institute, RMI, to bring down the cost of mini-grid-delivered electricity across the country by over 60 per cent.
Shell, GTbank agree $270m oil-backed loan to Amni
Shell Western Supply and Trading Limited, a subsidiary of Royal Dutch Shell and Guaranty Trust Bank have granted a $270 million loan to Amni International Petroleum Development Company Limited.
EKEDC appeals to police, armed forces on settlement of debt
THE management of Eko Electricity Distribution Companies, EKEDC, has urged security agencies to pay their outstanding debt.
