Business and Economy
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Global Africa now an economic, cultural, practical reality – Dr. Elombi, incoming Afreximbank President
Dr. George Elombi, the Executive Vice-President – Corporate Governance and Legal Services, Africa Export-Import Bank (Afreximbank), has said that all…
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Nigeria’s Port Harcourt Refinery not for sale – NNPC Limited
Abuja, Nigeria, 30 July 2025 The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out sale of the…
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Dangote Cement set to commission 3Mta grinding plant in Côte d’Ivoire
Management of Dangote Cement has announced that it will commission the 3Mta grinding plant in Côte d’Ivoire by the third…
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Audit Report: Senate gives NNPCL 3 weeks to respond to queries on N210trn
By Naomi Sharang Abuja, July 29, 2025 The Senate Committee on Public Accounts has given Nigerian National Petroleum Company (NNPCL)…
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Dangote-Oramah Center of Excellence to be set up in Grenada
President of the Dangote Group of Companies, Aliko Dangote has announced plans to set up a Dangote-Oramah Center of Excellence…
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No more missed opportunities: Strengthening Africa-Caribbean trade and investment in an era of Global Trade Disruption By Pamela Coke-Hamilton and Benedict Oramah
CAIRO, Egypt The share of bilateral exports between Africa and the Caribbean, despite extensive shared history, has never surpassed six…
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Fidelity Bank launches solar powered bags for school children
…Donates 1,000 of the solar-powered school bags to Ogun pupils In a bold step toward improving access to quality education…
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Afreximbank to avail $75 million to Central Bank of The Gambia in a cross-currency swap
ABUJA, Nigeria, July 24, 2025 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has signed an agreement to avail a US$75-million five-year cross-currency…
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The world is in a state of flux – John Rosenberg tells Toyin Umesiri of ‘Trade With Africa’
Toyin Umesiri, a Nigerian-born business educator, trainer, author and founder of popular US-based television program, Trade With Africa, recently interviewed…
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CBN maintains lending rate at 27.5%
By Kadiri Abdulrahman Abuja, July 22, 2025 The Central Bank of Nigeria (CBN) has, once again, kept its key lending…
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Nestlé Nigeria trains 100 plastics waste workers for sustainable future
By Fabian Ekeruche Lagos, July 21, 2025 Nestlé Nigeria Plc has trained 100 plastic waste workers across Lagos and Abuja as…
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Professor Oramah recognised for long service as ETG, TRACE, KCB, CBZ toast award success at 32nd Afreximbank Annual Meetings
…The Pan-African Business and Development Awards, held annually during the Afreximbank Annual Meetings, are designed to celebrate and recognise transformative…
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NCDMB unveils Nigerian Content Fund Certificate, empowers 130 firms with US$400m NCI Fund
The Nigerian Content Development and Monitoring Board has introduced the Nigerian Content Fund Clearance Certificate(NCFCC) as a mandatory compliance document for contractors…
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Appeal Court upturns N579bn stamp duty payment case in CBN’s favour
By Taiye Agbaje Abuja, July 16, 2025 The Court of Appeal in Abuja on Wednesday, reversed the Federal High Court…
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ATIDI approves USD84 million counter-guarantee to support financing of Rwanda’s new international airport
Kigali, 15th July 2025 African Trade & Investment Dev. Insurance (ATIDI), Africa’s only multilateral investment and credit insurer, has approved a…
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Africans will develop Africa, Dangote tells Global CEOs
…. ‘You think small, you don’t grow; you think big, you grow’ …. LBS hails Dangote as a visionary leader…
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Ibom Air targets N150bn revenue in 2025
By Itohan Abara-Laserian, Lagos, July 11, 2025 Ibom Air is targeting N150 billion profit for the year 2025, up from…
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Renaissance CEO seeks PIA review, applauds regulatory progress
Lagos, Nigeria | July 10, 2025 Managing Director and CEO of Renaissance Africa Energy Company Limited, Tony Attah, has called…
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Stanbic IBTC Holdings raises N148.7bn, exceeds CBN’s recapitalisation benchmark
By Grace Alegba Lagos, July 8, 2025 Stanbic IBTC Holdings Plc has successfully concluded its Rights Issue, raising N148.7 billion…
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AfCFTA Adjustment Fund Credit Fund closes first deal – US$ 10 million investment in Telecel Global Services Ltd.
Kigali, Rwanda, 8 July 2025 The Credit Fund of the AfCFTA Adjustment Fund has successfully closed its first investment, committing…
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NNPC Ltd. donates 35 CNG buses to P- CNGI
By Emmanuella Anokam Abuja, July 7, 2025 The NNPC Ltd. has handed over 35 hybrid Compressed Natural Gas (CNG)-powered buses…
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Bank Al-Maghrib signs up to PAPSS, establishing Morocco as its 17th country of presence
Cairo, Friday 7 July 2025 The Pan-African Payment and Settlement System (PAPSS) has announced the entry of the Kingdom of…
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CBN clarifies NRBVN charges for Nigerians in Diaspora; Reaffirms commitment to financial inclusion
ABUJA The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank…
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Maritime security: NIMASA docks Deep Blue Vessel at Nigerdock
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has reaffirmed the Agency’s commitment…
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Nigeria brands shine at groundbreaking trade fairs in U.S.; ‘Keep the dream alive’ – Consul General Jidda
By Tiamiyu Arobani New York, July 5, 2025 Nigerian-owned brands on Saturday lit up New York at the maiden edition…
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