By the AFREEQUE newsroom, based on Business Day Nigeria
Nigerian fintech Bamboo processed more than 600,000 orders worth about 99 billion naira during the Dangote Refinery public offering. It narrowly outpaced Zenith Bank and highlighted the growing role of digital platforms in giving individuals access to Nigeria’s capital market, according to BusinessDay.
Ongoing story · day by day
The Dangote refinery opens its share offering, targets $1.6 billion, and extends its stock-market listing.
2 NovNigeria’s Dangote explores industrial investment in Egypt2 NovDangote awards hydrogen equipment contract for its Ethiopian fertiliser plant to Técnicas Reunidas
1 NovDangote and Sanusi urge Lotus Capital to invest more in Nigeria’s productive economyA foundation has launched a 4 billion naira empowerment programme in Nigeria, including the distribution of around 150 cars valued at 3.2 billion naira. The announcement was made by Seriki, a former candidate for governor of Kwara State, according to Premium Times.
🇳🇬 Nigeria · Source: Premium Times ·
Reforms in Nigeria’s oil sector have increased production by 600,000 barrels per day, from about 1.2 million to 1.8 million barrels per day, according to Nigerian National Petroleum Company Limited. Its chief executive Bashir Ojulari is now targeting two million barrels per day, Punch reports.
🇳🇬 Nigeria · Source: Punch ·
The Nigerian government has paid out the full 75 billion naira fund for manufacturing businesses, benefiting 104 companies, and 65.8 billion naira to 15,018 small and medium-sized enterprises. The support, administered by the Bank of Industry, is intended to boost local production and employment, according to Industry, Trade and Investment Minister Jumoke Oduwole.
🇳🇬 Nigeria · Source: Vanguard ·
Plateau State Governor Caleb Mutfwang says Bola Tinubu inherited a Nigeria in 2023 that could not service its external debt, with foreign reserves of just over $3 billion. At an APC rally in Jos, he said reserves now exceeded $50 billion and fuel was available, according to the Daily Trust.
🇳🇬 Nigeria · Source: Daily Trust ·
Nigeria: 55,000 inmates still awaiting trialAround 55,000 inmates are awaiting trial in Nigerian prisons, according to Lucy Abagi, director-general of the Public and Private Development Centre. The organisation says it has secured bail for more than 8,500 people and prevented 20,000 others from being imprisoned over four years, at a summit in Abuja.
Murphy Oil wins two offshore exploration blocks in MauritaniaMauritania has signed two exploration-production contracts with Murphy Oil Corporation for the C10 and Tiof offshore blocks in its coastal basin. The agreement, formalised in Nouakchott by Minister Mohamed Abdel Vetah, strengthens the opening of Mauritania’s hydrocarbons sector to US investors, according to Initiatives News.The week in Africa
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