On January 23, 2026, Afreximbank officially terminated its rating relationship with Fitch Ratings following a prolonged dispute over the agency’s assessment of the bank’s risk and treatment of preferred creditor status.
Bureau De Change operators in Lagos and Abuja quoted the dollar at around ₦1,385 for buying and between ₦1,395 and ₦1,400 for selling.
The food packaging giant also announced the launch of an aseptic beverage carton featuring a paper-based barrier, reducing its carbon footprint by 33 percent
▪︎The Executive Secretary/CEO NSDC, Mr Kamar Bakrin. Photo Credit: Facebook The National Sugar Development Council (NSDC) has given the local sugar refiners in the country a fresh 2000 metric tonnes of annual sugar production target. The big three sugar refiners are Dangote Sugar Refinery (DSR), BUA Sugar Refinery, and the Golden Penny Sugar Refinery, a…
The Central Bank of Nigeria on Friday announced the introduction of the Nigerian Overnight Financing Rate (NOFR) as a new benchmark for the country’s money market, aimed at improving transparency and strengthening monetary policy transmission. The disclosure was contained in a press statement issued by the CBN’s Acting Director of Corporate Communications, Hakama Sidi-Ali. According…
The Bonny Kingdom Chamber of Commerce is set to kick off the first Bonny Investment and Tourism Expo. The Investment and Tourism Expo is scheduled to hold between June 9 and June 12, 2025. The President of Bonny Chamber of Commerce, Mrs Constance Nwokejiobi, disclosed this to journalists in Port Harcourt, yesterday. She said that…
The BFI Group and CNCEC International have signed $1.2 billion investment agreements to revive the long-dormant 135MMscfd Gas Processing Plant at ALSCON in Ikot Abasi, Akwa Ibom State. The Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, broke the news today at the agreement signing ceremony. Ekpo , on his official X, on Tuesday, said, ”…
•The Head of Brands and Communications, Zedcrest Group, Oyinkansola Adeboye. Zedcrest Group has declared its support for the Lagos State Government and MacTay, ICT skill acquisition program for graduate trainees which comes with employment opportunities. The Head of Brands and Communications, Zedcrest Group, Oyinkansola Adeboye made this disclosure during the graduation ceremony for the 2024…
Approximately three-quarters of South Africa’s fuel imports flow through Island View Precinct, which is part of Durban port on the east coast and acts as the country’s main storage and supply hub.
•Emmanuel Oriakhi Until his assumption into the new role in official capacity, Emmanuel holds sway as Marketing Director, a position he has held since September 2018. Nigerian Breweries Plc has appointed Emmanuel Oriakhi as the Sales Director of the company. The appointment was conveyed through a statement issued and signed by the Managing Director, Hans…
