Eterna Plc Launches N21.52 Billion Rights Issue
Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.
Category : Search result: 6 billion investment Africa
Contractors Protest N760bn Debt, Disrupt Ministry
Indigenous contractors block the Federal Ministry of Finance in Abuja, demanding payment of N760 billion for completed 2024 projects. The protest disrupts government activities as financial distress deepens.
House Probes Missing N30bn NSIPA Fund, Demands Action
The House of Representatives investigates over N30bn recovered from NSIPA, demanding its release to restart vital poverty-alleviation schemes. Lawmakers warn delayed funds worsen hardship. Read more.
Contractors Protest ₦500bn Unpaid Contracts at Finance Ministry
Indigenous contractors protest at Nigeria's Finance Ministry over ₦500 billion unpaid debts, accusing the government of reneging on promises. They demand payment to save jobs and businesses.
Reps Probe Missing ₦30bn NSIPA Funds
The House of Representatives investigates the whereabouts of over ₦30bn recovered from NSIPA, demanding its release to restart vital poverty-alleviation programmes. Read the full story.
UAE's $1bn AI Boost for Africa at First G20 Summit
Africa's inaugural G20 Summit in South Africa sees UAE commit $1bn to AI development. Discover how Gulf investment is transforming the continent's tech future. Read more.
$5B Africa Energy Bank HQ Complete in Abuja
Nigeria has completed the headquarters of the $5 billion Africa Energy Bank in Abuja. Minister Heineken Lokpobiri confirms all host obligations are met, paving the way for operations to begin. Read more.
Sanwo-Olu Calls for Stronger Nigeria-South Africa Investment Ties
Lagos Governor Babajide Sanwo-Olu advocates for a transformative economic partnership between Nigeria and South Africa at the Nigeria-South Africa Chamber of Commerce's 25th-anniversary event. Discover the new strategic vision.
Trump Commutes Sentence of $1.6B Fraud Executive
Outrage as US President Donald Trump frees David Gentile, who defrauded 17,000 investors of $1.6bn, after only 12 days in jail. Read the shocking details.
Nearly 800,000 Students Benefit from NELFUND Loan Scheme
Nigerian Education Loan Fund reveals 788,947 students have received loans totaling N140.88 billion. Discover the breakdown, top applying universities, and student experiences with the scheme.
Zamfara Governor Woos Investors at Continental Summit
Governor Dauda Lawal promotes Zamfara's agricultural potential at Africa Investment Forum 2025, signs transformative MoU with MOFI to boost farming and create jobs.
Court dismisses N1bn fraud case against MTN ex-staff
Lagos High Court acquits MTN ex-staff and contractor in N1bn fraud case after settlement. EFCC ordered to return seized assets and properties immediately.
NASC to refund N6.9bn for contract inflation
Audit report reveals National Assembly Service Commission inflated contracts by N6.93bn without approvals. Read the shocking details of financial misconduct.
Abia Pays 20-Year Pension Arrears: N60bn for Retirees
Abia State government starts phased payment of N60 billion pension arrears owed since 2001. Governor Alex Otti brings relief to retirees after two decades of waiting.
SERAP sues Akpabio, Abbas over ₦18.6bn payments
SERAP files lawsuit against National Assembly leaders over missing ₦18.6bn for commission complex. Demand full accountability and transparency in public funds management.
NASC to refund N6.93bn for inflated contracts
Audit report reveals National Assembly Service Commission inflated contracts by N6.93bn without due process. Chairman ordered to account for funds or face sanctions. Read full details.
Google Funds N3 Billion Digital Skills Programme
Google.org commits N3 billion to advance Nigeria's digital transformation through AI talent development and cybersecurity training. Learn how this initiative creates job opportunities.
Court Strikes Out Nnamdi Kanu's N50bn Suit Against FG
Federal High Court dismisses Nnamdi Kanu's N50 billion rights violation case against Nigerian government due to lack of diligent prosecution. Read full details.
Nigeria pushes fair mineral trade at Africa's first G20
Nigeria advocates for equitable mineral trade and ethical AI at Africa's inaugural G20 Summit. China-Africa partnership launches modernization initiative to boost continental development.
Obiano's N4bn Money Laundering Trial Adjourned Indefinitely
Federal High Court adjourns former Anambra Governor Willie Obiano's N4 billion money laundering case indefinitely. EFCC requests delay for original judge's return. Full details inside.
FirstBank Lends N200bn to Nigerian SMEs in 2024
FirstBank has disbursed over N200 billion to Nigerian SMEs, tackling funding gaps with uncollateralized loans and business training to foster economic growth.
Nigeria loses $18bn yearly to procurement fraud
Federal Government exposes $18 billion annual loss to procurement corruption, demands transparency in public contracts to fund national development projects.
SERAP defends mandate in N5bn suit against DSS officials
SERAP tells court it promotes economic rights, not anti-government criticism, in N5bn defamation case. Case adjourned to February 19 for final addresses.
EU leads €15.5bn clean energy campaign in Africa
The European Union has mobilised €15.5 billion to accelerate Africa's clean energy transition, promising electricity for millions and sustainable industrial growth.
Lumumba to Deliver UNILORIN's 50th Anniversary Lecture
Renowned speaker Prof. Patrick Lumumba will deliver the University of Ilorin's 50th-anniversary lecture. The event features a N500bn endowment fund and a Nollywood premiere. Don't miss this historic celebration!
Shehu Sani counters El-Rufai's N1bn bandit payment claim
Former Senator Shehu Sani denies El-Rufai's accusation that Kaduna government paid bandits N1 billion. Sani reveals El-Rufai's own history of appeasing terrorists during his tenure. Read the full explosive details.
LTIF 2025 Forum Drives Ethical Investment for Africa
The Loveworld Trade & Investment Forum in Lagos united global leaders to champion trust and capital inflows for Africa's growth. Discover how ethical trade is reshaping the continent's economic future.
ExxonMobil relaunches Mozambique gas project
ExxonMobil resumes its Rovuma LNG project in Mozambique after a 4-year jihadist insurgency pause. Production expected by 2030, boosting regional economy.
VFD Group Redeems N12.8bn CP, Strengthens Position
VFD Group Plc successfully redeems N12.83 billion Series 5 Commercial Paper, demonstrating strong liquidity and financial discipline ahead of Rights Issue closing.
Valuation's Role in Nigeria's Housing Inflation Crisis
Nigeria's housing sector faces severe inflation challenges. Discover how professional valuation helps investors navigate risks in Lagos, Abuja, and Port Harcourt markets. Learn key strategies.
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