Daily Archives: November 22, 2023

Uber boosts convertible bond Issue to $1.5bn smidst strong investor demand

Ride-hailing giant Uber Technologies Inc. has increased its planned convertible bond issue to $1.5 billion, highlighting robust demand among investors.

Naira gains in parallel market as Nigeria prepares for economic roadmap unveil

The Nigerian currency, the Naira, has shown signs of strength in the parallel market, appreciating to N1,130 per dollarfrom the close on Friday. This improvement was also reflected in the official figures on Monday, where the naira appreciated to N750.15 per dollar.

Petroleum, oil producers wants FG to pay $1.3bn debt owed gas producers

Both the Independent Petroleum Producers Group (IPPG) and the Oil Producers Trade Section (OPTS) have urged the Federal Government (FG) to pay the $1.3 billion owed gas producers to encourage investment and industrial growth.