Business and Economy
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Republic of Congo: AfDB Group grants $260 million loan to strengthen agricultural sector, value chains
ABIDJAN, Ivory Coast, July 19, 2024 The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan…
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IT outage wreaks havoc on airlines, banks, media outlets worldwide
Berlin, July 19, 2024 Computer issues were causing major disruption worldwide on Friday, affecting airlines and airports, media outlets, banks…
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CBN approves sale of forex to BDCs to meet demand for invisible transactions
The Central Bank of Nigeria (CBN) has approved the sales of foreign exchange (FX) to eligible Bureau De Change (BDCs)…
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Ex-agitators mobilise for ‘mother-of-all protests’ against East-West road neglect
Ex-agitators in the Niger Delta region are gearing up for a massive protest against the Minister of Works, Chief Dave…
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Defend Africa, extend sustainable upliftment to our people – Tinubu tell African Ministers of Solid Minerals
President Bola Tinubu on Wednesday in Abuja asked African leaders in the solid minerals sector to be patriotic and proactive…
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Nigeria attracts $2bn investment in renewable energy sector – Tinubu
By Salisu Sani-Idris Abuja, July 17, 2024 President Bola Tinubu on Wednesday disclosed that Nigeria has attracted over $2 billion…
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UK appoints new Country Director to lead UK-Nigeria trade and investment relations
The UK has appointed Mr. Mark Smithson the Country Director for the UK’s Department for Business and Trade (DBT) in…
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Access Bank raises N442.5bn capital through FMO syndicate Tier II facility
By Rukayat Adeyemi Lagos, July 16, 2024 Access Bank Plc has signed a monumental syndicate Tier II Facility agreement of…
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Dangote says Company’s projected $30bn revenue will boost the Naira value
President of Dangote Group, Aliko Dangote, on Sunday stated that his company’s aim is to become the leading supplier of foreign…
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Dangote refinery, fertiliser coy to be listed in Q1 2025
By Adeleye Ajayi Lagos, July 14, 2024 The President/Chief Executive, Dangote Industries Ltd., Alhaji Aliko Dangote, said that the Dangote…
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TD Africa partners CISCO on tech-skills development in Nigeria
Lagos, Nigeria In its continuous drive to bridge the widening skills gap in Africa’s technology sector, TD Africa, Africa’s largest…
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Tinubu appoints new MD, Board Chairman for Nigerian Ports Authority
President Bola Tinubu has approved the appointment of Dr. Abubakar Dantsoho as the Managing Director of the Nigerian Ports Authority…
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Inflation: CBN measures making positive impacts – Cardoso
CBN Governor, Yemi Cardoso (middle) during the Business Day CEO Forum 2024 on Thursday in Lagos By Grace Alegba…
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Afreximbank Academy to host training program to assist African corporates to benefit from the African Continental Free Trade Area
CAIRO, Egypt, July 10, 2024 African Export-Import Bank (“Afreximbank”) (www.Afreximbank.com) is pleased to announce the launch of an innovative capacity…
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Zenith Bank wins Best Commercial Bank in Nigeria, Best Corporate Governance Awards at World Finance 2024 Awards
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the…
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S&P Global tours Dangote Refinery, says it can solve Nigeria’s forex problems, catalyse economic devt
… As Dangote reassures on commencement of petrol production this July International financial analytics corporation, S&P Global, has…
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Who is afraid of Dangote’s Refinery? By MARTINS OLOJA
Aliko Dangote doesn’t need any introduction to Nigerians and indeed Africans. He is generally believed to be the richest man…
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Afreximbank, BSMART Technology expand Afreximbank African Collaborative Transit Guarantee Scheme to cover container deposits, customs bonds in East Africa
Nassau, The Bahamas, 05 July 2024: African Export-Import Bank (Afreximbank) has signed a facility agreement with BSMART Technology Ltd expanding…
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Chevron Nigeria wins Best Exhibitor award at 2024 NOG Energy week
Lagos, July 4, 2024: Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Company Limited…
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Oil block licensing: NUPRC gives 48 hours deadline for registration
By Emmanuella Anokam Abuja, July 3, 2024 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given 48 hours deadline to…
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NCDMB unveils procedures for implementation of Presidential Directive on Local Content; Highlights recent accomplishments
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, on Monday in Abuja hailed the…
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NCDMB to achieve 70% local content by 2027 – Executive Secretary
By Emmanuella Anokam Abuja, July 1, 2024 The Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed its commitment to…
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NNPC Retail debunks “lubricants-for-petrol” claims
.…Launches probe into incident, vows to deal with culprits The NNPC Retail Limited has described as entirely false and…
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Afreximbank signs collaboration Memorandum of Understanding with Caribbean Export Development Agency
NASSAU, The Bahamas, June 28, 2024 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has entered into a Memorandum of Understanding (MoU) with…
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Recapitalization will create stronger, more resilient banks – Cardoso
…. To support the Government’s economic growth agenda LONDON The Governor of the Central Bank of Nigeria (CBN), Mr.…
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