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FAAC: FG, States, LGs share N3 trn 

FAAC: FG, States, LGs share N3 trn 

By Emma Ujah, Abuja Bureau Chief The three tiers of government have shared N3.007 trillion as July 2026 revenue. The revenue was shared at the Federation Account Allocation Committee, FAAC, meeting held, yesterday,  on the sidelines of the ongoing National Council on Federation and Economic Development, NACOFED, jn Owerri, Imo State. This moth’s shared revenue was  […]

AFRACA-NIRSAL targets climate-resilient agric finance

AFRACA-NIRSAL targets climate-resilient agric finance

By Juliet Umeh LAGOS — Financial institutions across Africa have been urged to deploy innovative financing models, climate-risk tools and artificial intelligence (AI) to expand investment in agriculture and strengthen the continent’s food security.The call was made at the opening of the week-long African Rural and Agricultural Credit Association, AFRACA, Masterclass on Inclusive Finance for […]

Dangote Refinery IPO gets $1bn underwriting backing from Marob, Lilium

Dangote Refinery IPO gets $1bn underwriting backing from Marob, Lilium

By Udeme Akpan  Dangote Petroleum Refinery & Petrochemicals FZE, DPRP, has secured $1 billion in underwriting backing from Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group ahead of its planned initial public offering, IPO. The $1 billion programme comprises a completed and funded $600 million private placement and a $400 million underwriting commitment for […]

Tinubu: Stronger corporate governance key to unlocking capital for African businesses

Tinubu: Stronger corporate governance key to unlocking capital for African businesses

By Adesina Wahab The Group Chief Executive, Oando Plc; Jubril Adewale Tinubu, has that African businesses must strengthen corporate governance, transparency and institutional structures if they are to attract the long-term capital required to scale globally. Tinubu, who spoke during a discussion organised by the Royal African Society in London on the future of mining, […]