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Trade Volume Between the UK and Nigeria Hits £5.5bn.
At the eighth and final UK-Nigeria Economic Development Forum, both parties reaffirmed their shared interest in…
Kenya’s Centum Investment H1 Pretax Loss Widens.
Kenya's Centum Investment (CTUM. NR), which reported a larger first-half loss, said it would buy back up to 10% of…
London Museum Returns Benin Bronzes to Nigeria.
The Horniman Museum in London has formally started the process of returning 72 Benin bronzes to Nigeria. Following…
Amazon closes its operations in India.
Amazon, a U.S. Online retailer, is closing its wholesale distribution operation in India in order to concentrate…
Exclusive: Exxon will leave Equatorial Guinea amid the Phase-out of Crude in…
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license expires in 2026 and…
Nigerian Banks Increase Interest on Existing Loans to Customers By 200bps.
Commercial lenders have raised the interest rates they impose on current contracts by 200 basis points, or 2%, up…
Nigeria Petroleum Marketers: The NNPC Petrol Price Without Subsidy Is N400/Litre.
It has been learned that, assuming there is no subsidy, N400/litre is the lowest price at which the Nigerian…
Ivory Coast Completes Second Shipping Container Terminal.
Officials announced that the Ivory Coast has finished building a second container terminal at its primary port in…
Tanzanian and South Korean Companies agree to a Collaboration.
In order to promote partnerships between the two parties, the Tanzania Startup Association (TSA) and the Korean…
According to NBS, Nigeria’s GDP Declined from 1.78% to 2.25% in Q3 2022.
Nigeria's Gross Domestic Product (GDP) increased by 2.25 percent (year over year) in real terms in the third…
LoftyInc’s Latest Fund Closes 40% above Goal.
An African-focused venture capital firm, LoftyInc Capital Management, has announced the closing of the third…
Goodwell’s Second uMunthu Fund Launches with €50mln.
Goodwell Investments, a social impact investment company, has established its EUR150 million (US$154 million)…
Ethos Private Equity acquired by New York-based Asset Manager.
A formal agreement has been reached for Ethos Private Equity to be acquired by The Rohatyn Group "TRG". A…
FX Crisis: Ghana to use Gold instead of US Dollars to Buy Oil.
Vice-President Mahamudu Bawumia said that Ghana's government is developing a new strategy to purchase oil goods…
FG Calls for Closer Ties with Canada to Advance both Countries’ Trade…
According to the Federal Government, Nigeria and Canada must collaborate closely to accomplish a number of shared…
Naira Redesign: CBN Receives Old Notes Worth N165 billion.
Before the Federal Executive Council meeting started, November 23, President Muhammadu Buhari introduced the…
South Africa’s Game Stores Face Court Threat over Kenya Exit.
Before leaving the Kenyan market, South African retail behemoth Massmart, which runs the Game Stores, had a…
Williamson Purchases 60% of its Tea from Smallholder Farmers.
According to Williamson Tea Kenya, the outsourcing approach it began years ago has been strengthened as…
To Build Roads, DMO is Requesting N100 billion.
The issue of N100 billion in Ijarah Sukuk bonds for subscriptions has been announced by the Debt Management…
Nigerian Operators Upset Over the Proposed 20% Tax on Non-alcoholic Beverages by…
An analysis of the effects of the current N10 per litre excise tax between June and August 2022 revealed an eight…
According to NBS, 133 million Nigerians are Multidimensionally Poor.
According to the National Bureau of Statistics (NBS), 133 million people in Nigeria (63% of the population) are…
Interswitch Defines the Way to a More Stable Payment Ecosystem
The management of Interswitch, Africa's top integrated payments and digital e-commerce firm, conducted an…
World Bank and CBN Take Steps to Increase MSMEs’ Access to Credit
The Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), a unit of the World Bank, have…
UBA Restates Commitment To SMEs Development Across Africa.
United Bank for Africa (UBA) Plc. Africa's Global Bank, has reaffirmed its commitment to the expansion of Small…
NCC’s 5G Spectrum Auction: Stakeholders Reject Airtels $273 Pricing.
According to Airtel Africa, the Nigerian Communications Commission (NCC) should reserve a spot in the 3. 5GHz…
Diasporans Remits $20 Billion to Nigeria
The Federal Government has agreed to launch a Diaspora Mortgage Loan Scheme for Nigerians living in other…
Google Receives $392 million in Fines from the US
Google and 40 US states reached a landmark privacy settlement on Monday after the search engine giant was accused…
Nigeria Opens its First Deep Sea Shipping Port.
Nigeria's first deep sea port was turned over to the government by China Harbor Engineering Company Ltd. (CHEC)…
Tanzania and China Will Deepen their Partnership.
Chinese President Xi Jinping welcomed Tanzanian President Samia Suluhu Hassan to Beijing as part of his…
Young Chae Predicts that by the End of 2022, Bilateral Trade between Korea and…
By the end of the year, the bilateral commerce between Nigeria and South Korea, the tenth-largest economy in the…