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Category : Search result: N2152 billion capital raise
Presco Plans ₦23.7 Billion Rights Issue for Expansion
Nigerian agro-industrial giant Presco Plc announces ambitious ₦23.7 billion capital raise through rights issue to fund expansion projects and enhance palm oil production capabilities across its operations.
Nigeria's N300B Publishing Industry Needs Urgent Reforms
Nigeria's once-thriving publishing sector, valued at N300 billion, faces collapse due to multiple challenges. Industry experts reveal how policy reforms could revive this crucial cultural and economic asset.
Ellah Lakes Secures ₦2.36BN for Agricultural Expansion
Nigerian agribusiness giant Ellah Lakes Plc announces strategic capital raise of ₦2.36 billion to expand operations and drive agricultural transformation across Nigeria. Learn how this funding will impact food security and economic growth.
Nigeria's $2.35B Eurobond Success Amid Naira Challenges
Nigeria's currency faces ongoing challenges while the Federal Government achieves a major financial milestone with overwhelming international investor confidence in its latest Eurobond offering.
Elon Musk's $56B Tesla Pay Package Faces Shareholder Vote
Tesla shareholders are voting on Elon Musk's controversial $56 billion compensation package that could become the largest CEO pay deal ever. Discover the high-stakes battle and what it means for Tesla's future.
Obaseki Denies N600B Debt: 'Political Fiction'
Edo State Governor Godwin Obaseki vehemently denies allegations of leaving massive debt, calling it political propaganda. Get exclusive insights into the financial facts and the governor's explosive response.
Standard Chartered Meets CBN's ₦200B Capital Requirement
Standard Chartered Bank Nigeria has successfully met the Central Bank's new ₦200 billion minimum capital requirement, positioning itself as a leader in Nigeria's banking sector transformation.
Nvidia & Deutsche Telekom Launch €1B AI Hub in Germany
Tech titans Nvidia and Deutsche Telekom announce groundbreaking €1 billion AI partnership to establish Europe's premier artificial intelligence development hub, accelerating digital transformation across the continent.
$5B Funding for 500,000bpd Nigerian Refinery
In a groundbreaking development for Nigeria's energy sector, a Canadian company has secured $5 billion funding to complete a massive 500,000 barrels per day refinery project, promising to transform the nation's oil and gas landscape.
NIPSS N1.1B Lawsuit: Court Hearing Begins
The National Institute for Policy and Strategic Studies confronts a massive N1.1 billion lawsuit as court proceedings begin. Get the latest updates on this high-stakes legal confrontation.
NASS Loan Approval: Why Nigerians Shouldn't Worry
Government official reveals why the National Assembly's approval of a $2.347 billion loan shouldn't worry citizens - and how it will actually benefit Nigeria's economy and infrastructure development.
Lawmakers: Enforce Loan Accountability or Step Down
A prominent Nigerian advocacy group demands immediate legislative action on loan transparency and capital budget implementation, threatening mass recall of non-performing lawmakers.
VFD Group Q3 Earnings Soar to N60.7 Billion
VFD Group's disciplined financial strategy yields impressive results as Q3 2023 gross earnings hit N60.7 billion, showcasing remarkable growth in Nigeria's investment landscape.
NFF VP Debunks ₦12B Kebbi Stadium Rumors
NFF Vice President Sheu Dikko clarifies misconceptions about Kebbi State Stadium funding, revealing the truth behind viral ₦12 billion claims in detailed explanation.
Cross River Lawmaker Cleared of N1.6B Fraud Claims
Cross River State Assembly clears Hon. Emmanuel Bassey of N1.6 billion fraud allegations after thorough investigation, restoring his political standing.
FG Releases ₦23bn to Universities, ASUU Suspends Strike
Nigerian government disburses ₦23 billion to clear outstanding arrears for public universities after ASUU suspends industrial action. Get full details on the breakthrough agreement.
Elon Musk First to Hit $500 Billion Net Worth
Tesla and SpaceX CEO Elon Musk has made financial history by becoming the first person ever to amass a staggering $500 billion fortune, rewriting the rules of wealth accumulation.
Fire Destroys Store at Jabi Lake Mall Abuja
A devastating fire outbreak at Jabi Lake Mall in Abuja destroyed a popular retail store, but swift emergency response prevented catastrophe. No casualties reported as investigations begin.
EFCC Raids Kogi Gov's Camp Over N45B Coup Plot Funds
Explosive details emerge as EFCC raids Kogi State Governor's associate, uncovering alleged N45 billion linked to coup plot allegations. Full story on the money trail and political implications.
Nigeria Reps Approve Tinubu's $2.34B Loan Request
The Nigerian House of Representatives has approved President Bola Tinubu's request to borrow $2.34 billion and €100 million, part of a larger $8.69 billion and €100 million loan package previously endorsed by the National Assembly during the Buhari admini
Foreigners Face Court Over N12B Oil Theft in Nigeria
Nigeria's anti-graft agency prosecutes five foreigners and their companies for massive crude oil theft in Rivers State, exposing sophisticated illegal bunkering operations.
NSE and Defence HQ Launch Strategic Think Tank Initiative
Nigeria's capital market regulator partners with military leadership to establish strategic think tank aimed at enhancing national security and economic development through collaborative research.
Pinnick Denies ₦1.2B Kebbi Stadium Corruption Claims
Former Nigeria Football Federation president Amaju Pinnick has finally addressed corruption claims surrounding the ₦1.2 billion Kebbi State stadium project, calling allegations 'baseless' and 'politically motivated' in an exclusive interview.
Alphabet Hits $100B Quarter as AI Fuels Record Growth
Alphabet Inc., Google's parent company, has achieved a historic milestone by generating over $100 billion in quarterly revenue for the first time, driven by massive AI integration across its services.
DLM Funding SPV PLC Announces Major Capital Raise
DLM Funding SPV PLC reveals groundbreaking funding initiative with CBN approval, offering Nigerian investors access to high-yield debt securities through major stockbrokers.
Florida Executes Man for 1998 R-pe and Murder of Neighbor
Florida executes Jerry Correll for the brutal 1998 sexual assault and murder of his ex-girlfriend and three others. Closure finally comes for victims' families after 27-year wait.
Abuja's Rapid Transformation Under Wike Sets New Development Pace
Federal Capital Territory Minister Nyesom Wike is accelerating infrastructure development across Abuja, delivering unprecedented projects and restoring public confidence in governance.
Wike's Aide Claps Back Over Dubai Trip Criticism
Lere Olayinka, media aide to Nyesom Wike, claps back at critics questioning his principal's decision to bring his sons to an official engagement in Dubai. Read the fiery response that's got Nigerians talking!
Court Freezes Nestoil Assets in $1B Debt Case
Federal High Court issues Mareva injunction against Nestoil, freezing company assets amid explosive $1 billion debt case with Sahara Energy. Legal battle reveals corporate financial tensions.
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