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InfraCredit, a ‘AAA’-rated specialised infrastructure credit guarantee institution, is pleased to announce the credit enhancement of Prado Power Limited’s Guaranteed Fixed-Rate Senior Green Infrastructure Forward Ijarah Lease Sukuk under a co-financing arrangement with the £10 million Climate Finance Blending Facility (the “Facility”) funded by the United Kingdom Foreign, Commonwealth and Development Office (FCDO), the fourth […]

Oando PLC reported a post-tax profit of N13.6 billion for the third quarter of 2024, ending September 30, a significant improvement from the N2.2 billion loss recorded in the same period last year. This represents a 510.48% year-on-year increase, bringing the company’s total post-tax profit for the nine months to N76.2 billion. Revenue for the […]

The October 29 floods washed away roads and rail lines, submerged fields and gutted homes and businesses. Photo: Jose Jordan / AFPSource: AFP Spain’s central bank raised its 2024 growth forecast by 0.3 percentage points on Tuesday despite the impact of the devastating October 29 floods, the country’s worst such disaster in decades. The Bank […]

The CBN has instructed treasurers of financial institutions to take action to protect their businesses’ financial stability It advised that treasurers should strategically position themselves to manage the changing trends in the economy Bismarck Rewane promoted a balanced monetary policy to prevent inflation-driven asset bubbles and stabilize the stock market Legit.ng journalist Zainab Iwayemi has […]

Nigeria’s government is expected to borrow in 2025 to finance the 2025 budget already approved by FEC. The 2025 budget is worth N48 trillion and has a deficit of N13 trillion, which will be financed through borrowing The federal government says the 2025 budget is designed to promote fiscal sustainability, with a focus on balancing […]