April 25, 2024 By Kelechukwu Mgboji InvestAdvocate Lagos (INVESTADVOCATE)-FBN Holdings faces a prolonged delay in convening an Extraordinary General Meeting (EGM) statutorily necessary to secure shareholder assent for capital raising, following a ruling by a Federal High Court in Lagos mandating parties to the suit to maintain the status-quo. In […]
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Dangote Crashes Diesel Price to N1,000 Per Litre
April 16, 2024/Dangote Group In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent […]
Afreximbank Delivers Exceptional Financial Results in 2023 Amidst Challenging Operating Environment, Results Well ahead of Expectation
—-Net interest income reached US$1.4 billion at the end of the 2023 financial year, compared to US$910.3 million in 2022 April 5, 2024/Afreximbank African Export-Import Bank (“Afreximbank” or the “Group”) has released the consolidated financial statements of the Bank and its subsidiaries for the year ended 31 December 2023. Largely […]
