·As earnings rise 17%, crossing N10trn mark ·Profit rises 37% to N2.6trn ·CBN gets credit for the positive results ·2022 looks bright except if – Analysts  By Peter Egwuatu Leading companies in Nigeria have recorded impressive financial performance ahead of the recently posted positive numbers in the nation’s Gross Domestic Product, GDP, as well as relatively stable […]

By Emma Ujah, Abuja Nigeria, yesterday, raised a $1, 25 billion Eurobond in the International Capital Market. A statement by the Debt Management, last night indicated that the Eurobond had a seven-year tenor and singled out Nigeria as the first African nation to access funds from the International Capital Market, in 2022. The statement read: […]

By Emma Ujah, Abuja Nigeria’s total public debt rose by 20.2 percent to N39.56 trillion ($95.77 billion) as at December 31, 2021, up from N32.92 trillion ($86.392 billion) in 2020, the Director-General (D-G) of the Debt Management Office (DMO), Ms. Patience Oniha, has stated. Oniha disclosed this at a media interactive session in Abuja, yesterday, […]

By Levinus Nwabughiogu The Director-General, Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh, revealed yesterday that the $195 million Deep Blue contract attracted a management fee of 10 percent, which is $19.5 million. Jamoh was responding to questions on the actual cost of the project awarded to HLS International Company, raised by the […]

By Emma Ujah, Abuja Global food prices are poised to keep climbing even after jumping to a record high in February, 2022, the International Monetary Fund (IMF) has said. The world body, in a blog, yesterday, warned that poor nations of the world would be hit hardest by the impending food crisis, occasioned by the […]