Deutsche Partners

NNPC

NNPC declares N674bn profit after tax for 2021

The Nigerian National Petroleum Corporation Limited has declared a profit of N674 billion after tax for the 2021 Fiscal year.The NNPC announced the results via their twitter account on October 4th, 2022.The audited financial statements for 2021 have been approved by the Board, according to NNPCL. “NNPCL has progressed to a new performance level, from …

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NGX logo

NGX Announces Opportunities In Green Bonds And Sukuk

NGX is driving the development and promotion of individual participation in the Nigerian capital market.   The Nigerian Exchange Group is doing this through its Retail Investor Workshop. On Tuesday, 31 August 2021, the NGX in partnership with APT Securities and Funds Limited hosted a webinar series on the topic “Sukuk and Green Bonds: More …

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COMMODITY NEWS

Government Urged to Provide Investments Platform for Indigenous Iron, Steel Manufacturers   The federal government has been advised to provide investment platforms that would assist indigenous manufacturers of iron and steel doing business in Nigeria, boost production to foster economic growth in the nation. The Chairman, Basic Metal, Fabricated Iron and Steel Products, Mr. Kamoru …

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IMF LOAN MAY STRENGTHEN NIGERIA’S EXCHANGE BY YEAR’S END

Nigeria is set to receive an IMF facility of $3.85 billion an amount which is part of a general allocation of Special Drawing Rights (SDRs) of the international multilateral Institution. In 2020, Nigeria was a beneficiary of an IMFs Rapid Financing Instruments (RFI). The loan was approved by the International Monetary Funds (IMF) Board of …

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