Economy
EBRD shareholders set for vote on Africa expansion in May – president
Shareholders of the European Bank for Reconstruction and Development will be asked in May whether to give the bank the green light…
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Economy
Economy
Africa Finance Corp to invest $63m in Djibouti wind farm
Africa Finance Corporation (AFC) is investing $63 million to build and operate a 60 megawatt (MW) wind farm in Djibouti, the Lagos-based…
Economy
Banks compromising forex, money laundry act by accepting cash deposit of $400,000
By omoh Gabriel Indication emerged weekend that some Nigeria banks managing directors are in active connivance with money launderers, political expose persons…
Economy
FG plans Bill to ban plastics, to eliminate land-based Marine litter sources in 5 years
The National Assembly and the Federal Ministry of Environment are putting the finishing touches to a bill meant to prohibit the production…
Economy
Edo to get small claims court on ease of doing business reforms
As part of commitment to deepening Ease of Doing Business reforms, the Edo State Government will inaugurate a Small Claims Court, which…
Economy
Ecobank Nigeria to host regional trade forum 2020, reiterates Africa wide network advantage
Ecobank Nigeria said it is set to hold 2020 Regional Trade Forum in Lagos. The forum taking place in March, will be…
Economy
Forex Intervention: CBN injects $292.34m, CNY 22.8m into Retail SMIS
The Central Bank of Nigeria (CBN) on Friday, February 21, 2020, continued its intervention in the inter-bank foreign exchange market by injecting…
Economy
Off-grip market hits $1.7bn mark, serves 420m users—World Bank
Off-grid electricity World Bank Group said in a report that the off-grid solar sector has grown rapidly over the past decade and…
Economy
FG calls on U.S. to reverse visa restrictions on Nigeria
The Federal Government has called on the United States of America to consider the long standing relationship between the two countries and…
Economy
CSL Stockbrokers appointed as new Stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of Nigeria. The…
Economy
NEXIM bank to promote sesame seeds processing for export in Katsina
The Nigerian Export-Import Bank (NEXIM) says it has concluded plans to promote crops that have potential export value in Katsina State thereby…
Economy
NCC, NIPOST to sign MOU on e-services
The Nigerian Communications Commission (NCC) and the Nigerian Postal Service (NIPOST) have agreed to sign a Memorandum of Understanding (MOU) on an…
Economy
Pompeo takes veiled swipe at China on final leg of Africa trip
U.S. Secretary of State Mike Pompeo took a veiled swipe at China during a speech to Ethiopian business leaders, in an apparent…
Economy
Kenya’s Safaricom to consider Huawei as supplier for 5G network
Kenya’s biggest telecoms operator Safaricom will consider awarding a contract to China’s Huawei as it rolls out its fifth generation (5G) network…
Economy
FG, States, LGs share N647.35bn for January
The Federal, States and Local Governments on Wednesday shared a total of N647.35 billion for the month of January as the Federation…