EU Awards €300,000 Grant to Eurocham for Advocacy in Nigeria

EU Awards €300,000 Grant to Eurocham for Advocacy in Nigeria

The European Union has announced a three-year grant of €300,000 to support the European Chamber of Commerce (Eurocham) Nigeria. This grant aims to strengthen Eurocham’s secretariat, enhance advocacy, and deepen engagement with stakeholders. EU Ambassador to Nigeria and the Economic Community of West African States, Gautier Mignot, revealed the grant during Eurocham’s 25th Annual Stakeholders […]

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 Transcorp Power Declares N37.5B Dividend

Transcorp Power Declares N37.5B Dividend

Transcorp Power Plc has reinforced its status as one of Nigeria’s top power operators by declaring a N37.5 billion dividend for the 2024 fiscal year. This announcement follows a year of outstanding financial performance, demonstrating the company’s dedication to rewarding its shareholders while sustaining strong growth. The company’s latest audited results, submitted to the Nigerian […]

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 FCMB’s $35M Investment in Agriculture and Women-Led Businesses

FCMB’s $35M Investment in Agriculture and Women-Led Businesses

First City Monument Bank (FCMB) has committed $35 million to support agriculture and women-led businesses. On January 20, 2025, the bank signed three significant agreements with Proparco to aid high-impact small and medium-sized enterprises (SMEs) and women-led ventures. The agreements include a $35 million senior credit line, along with ARIZ (€3 million) and EURIZ (€6 […]

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 Lafarge Africa Empowers Customer Operations with 155 New Trucks

Lafarge Africa Empowers Customer Operations with 155 New Trucks

Lafarge Africa, a leading innovative and sustainable building solutions company, has reaffirmed its commitment to supporting customer growth and operational excellence through the allocation of 155 trucks aimed at enhancing logistics capabilities. This milestone initiative underscores Lafarge Africa’s dedication to empowering customers and fostering long-term partnerships built on mutual growth and success. Speaking at the […]

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 FirstBank Press Release on General Hydrocarbons Account Freeze

FirstBank Press Release on General Hydrocarbons Account Freeze

First Bank of Nigeria Limited (FirstBank) has issued a press release addressing its ongoing legal and commercial dispute with General Hydrocarbons Limited (GHL). The bank explained its reasons for obtaining a court order to freeze GHL’s accounts and initiating court action. The dispute, which has garnered significant public and media attention, centers around credit facilities […]

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 MTN Finalises Sale of Guinea Operations to Government

MTN Finalises Sale of Guinea Operations to Government

MTN Group, the largest network operator in Africa by subscriber base, has announced the successful completion of the sale of its operations in Guinea (known as “MTN Guinea-Conakry”) to the government of Guinea. The company made this announcement in a statement released on Thursday, which was obtained from its website. The deal, concluded on December […]

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