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St. Lucia receives $6 Million as Afreximbank makes historic first disbursement from Caribbean Office

The facility will help in the infrastructure rehabilitation of St. Lucia, including 25 schools damaged during tropical storm Bret which affected the country in June 2023 CAIRO, Egypt The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced that it has successfully executed its first facility disbursement from its recently-established Caribbean Office …

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Dangote lauds Lagos Govt. on consumer rights advocacy

…says, manufacturers must focus on consumers’ rights.  The Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL), Hajia Fatima Aliko Dangote, on Friday lauded and congratulated the Lagos State Consumer Protection Agency (LASCOPA) on the successful hosting of the 2024 World Consumer Rights Day, noting that consumers have the …

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Undersea cable cut: Mainone declares force majeure, explains steps for restoration

By Stellamaris Ashinze Lagos, March 15, 2024 MainOne, a Digital Infrastructure Service Provider, on Friday declared a force majeure, and explained  steps taken to restore internet connection to service providers. Mainone said in a statement on its website that it became necessary to declare a force majeure subsequent to testing …

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UTM solicits NCDMB’s equity investment, approvals for Floating LNG Project

UTM Offshore Limited, promoters of Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility has requested the Nigerian Content Development and Monitoring Board (NCDMB) to invest equity in the project and to accelerate key approvals that would fast-track the project’s development. The request was made on Wednesday at the Nigerian Content …

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FG’s Executive Order on Oil and Gas will unlock gas investments – NLNG MD

The Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), Dr. Philip Mshelbila, on Tuesday, expressed optimism regarding the recent Executive Order on Oil and Gas Reforms signed by Present Bola Ahmed Tinubu (GCFR). According to Dr. Mshelbila, this executive action will be crucial in unlocking the development …

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NCDMB lauds President Tinubu’s oil sector Executive Orders for reinforcing NOGICD Act, SLA

The Executive Secretary (ES) of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe on Monday applauded President Bola Ahmed Tinubu, for announcing three Presidential Executive Orders directed at incentivizing the Nigerian oil and gas industry, encouraging new investments in the sector, reducing contracting costs and timelines, …

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Heirs Holdings to lead Africa’s digital evolution, launches Heirs Technologies

Lagos, Nigeria – 11/03/2024 Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions. Heirs Technologies endeavours to …

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Revoke unlawful directive to block Nigerians’ phone lines or face legal action, SERAP tells NCC

Socio-Economic Rights and Accountability Project (SERAP) has urged Dr. Aminu Maida, the Chief Executive Officer of the Nigerian Communications Commission (NCC) “to immediately revoke the apparently unlawful directive to network providers to bar the phone lines of millions of Nigerians who have linked their SIM cards to their National Identification …

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CBN reports upsurge in Dollar inflow as remittances quadruple; Foreign investors return

ABUJA The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflow into the economy in February 2024, with marked increments in remittance payments by Nigerians overseas and purchases of naira assets by foreign portfolio investors. Speaking with newsmen in Abuja,  the Bank’s Acting Director of …

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Afreximbank tops loan market rankings in Bloomberg’s 2023 Capital Markets league tables for Sub-Saharan Africa

CAIRO, Egypt, March 4, 2024 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been ranked number one in all three categories in the Bloomberg Capital Markets League Tables Report for African Capital Markets. Afreximbank is ranked as number one Mandated Lead Arranger, Bookrunner, and Administrative Agent for Sub-Saharan Africa Borrower Loans. These rankings recognize the Bank’s leadership …

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 Tinubu welcomes multi-sectoral agreements with Qatar; Set to receive Qatar’s investment team in Abuja

President Bola Ahmed Tinubu, and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, on Sunday in Doha, witnessed the signing of historic agreements between both nations, opening a gateway for leveraging the potential of mutual cooperation in pivotal sectors of education, enterprise development, investment …

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