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FGN Securities rises 16.7%, boosts pension fund assets to N28trn

By Peter Egwuatu Nigeria’s pension industry Net Asset Value, NAV, has increased significantly by 24.6% on the back of rising yield on investments in Federal Government of Nigeria (FGN) securities, according to data from the National Pension Commission (PenCom). The latest report from PenCom shows that total Assets under Management (AuM) rose Year-on-Year, Y-o-Y, to    […]

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Dangote seals US$4.2bn gas deal with China’s GCL Group to power its Ethiopian fertilizer megaproject

Dangote Industries Limited (DIL) and GCL Group, China’s leading private energy conglomerate, have formalized a landmark US$4.2 billion, 25‑year natural gas supply agreement to power Dangote Group’s major expansion projects in Ethiopia.

The post Dangote seals US$4.2bn gas deal with China’s GCL Group to power its Ethiopian fertilizer megaproject appeared first on Vanguard News.

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