Femi Otedola’s Geregu Power Crosses N1 Trillion In Market Value on Nigerian Exchange
Geregu’s shares have returned 196.28% over the past year, making it one of the top performers in the index.
Geregu’s shares have returned 196.28% over the past year, making it one of the top performers in the index.
President Tinubu commended Tantita and other private security firms for working in synergy to achieve the feat.
“We will bring in the private sector so they can take equity in this refinery, and then we continue to grow that business.”
The December 2023 headline inflation rate increased by 0.72 per cent compared to the November 2023 headline inflation rate.
The refinery is expected to release diesel and aviation fuel into the market by end of January.
The West African country is aiming to restructure $20bn of external debt.
The agency said that failure to comply will result in penalties and other sanctions.
It described the reason given for the plan to move some departments to Lagos as puerile and laughable.
His net worth was reported to have fallen to $3.6bn in June 2023 but has now bounced back to $7.4bn.
The landmark financing is one of the largest syndicated loans raised in Africa in 2023.
Dangote hailed Tinubu for his support and visionary leadership.
“Our current occupancy level of 4,233 significantly exceeds the optimal capacity of 2,700 designed for the Head Office building,” the apex bank said.
Ogunlesi, after the close of the deal, will become a member of BlackRock’s board and global executive committee.
EXCERPT: “We will buy our own minerals and keep them in reserves, especially gold, which will be effective in our foreign exchange reserve.”
He named the minister of state for petroleum resources (gas) chairman.
It has the capacity to meet 100% of Nigeria’s requirement of all refined products and a surplus for export.
She also suggested that more attention should be given to boosting the non-oil sectors.
He also highlighted the significant improvement of the debt-to-deficit ratio dropping from 6.11% in 2023 to less than 4% in 2024.
Sales of electric cars in China jumped 37% last year, with deliveries of pure EVs and plug-in hybrids hitting 8.9 million units.
They attributed the blocked funds as a reason airfares out of Nigeria are high.
Easily access major global news with a strong focus on Africa. As well as the main stories of the day, we like to accentuate positive stories about Africa across all genres including Politics, Business, Commerce, Science, Sports, Arts & Culture, Showbiz and Fashion.
We broadcast 24 hours a day from our studios in London and New York and can be seen here in the UK and across Europe on the Sky platform (Sky channel 516), Freeview (Channel 136) as well as in the USA on the Centric channel and also on the Hot bird platform, which transmits to Europe, North Africa and the Middle East.
© 2023 Arise News - Part of the Arise Media Group.