Afreximbank to double intra-African trade financing to $40bn by 2026
Omeiza Bilal African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to...
Year: 2024
FG pays outstanding 45 months minimum wage arrears of NiMet staff
The federal government of Nigeria has finally paid the outstanding 45-month minimum wage arrears owed to staff of the Nigerian...
CPPE says businesses closing shop over high energy cost
The Centre for the Promotion of Private Enterprise (CPPE) says high cost of energy is forcing businesses to close shop....
BEAC forex regulations putting restraints on prosperity
By NJ Ayuk With energy majors and independent companies kicking off new projects in Gabon, Cameroon, Congo, Chad, and Equatorial...
AfDB approves $10m contribution to KawiSafi II clean-energy Fund
Benjamin Orisemeke The Board of Directors of the African Development Bank Group has approved a $10 million junior equity investment...
NNPC Ltd witnessing improved growth in crude production – Kyari
…Urges military to sustain onslaught against crude oil theft Omeiza Bilal The Group CEO of NNPC Ltd., Mr. Mele Kyari,...
CBN re-introduces publication of key economic reports
Omeiza Bilal The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment...
Proposed 70% windfall tax on banks excessively burdensome, ill-timed – BDAN
The Bank Directors Association of Nigeria (BDAN) has called on the federal government to reconsider the recently imposed 70 per...
OPEC cuts 2024 demand forecast on expectation China would reduce imports
The Organisation of the Petroleum Exporting Countries (OPEC) cut crude oil demand forecast for 2024 over expectation that China would...
Equity market sheds N279bn
The nation's equity market on Tuesday sustained a negative trajectory, declining by N279 billion. Market capitalisation of listed equities depreciated...
