ABUJA, Dec 7 (Reuters) – Shell SHEL.L sees a $5 billion offshore oil investment opportunity in Nigeria and pledged to spend a further $1 billion in five to 10 Read More
Nigerians are turning to expensive emergency loans to cover the cost of essentials, as the country’s economic woes push more people into poverty and fears Read More
Nigeria’s president said Wednesday economic growth and national security were among his main concerns as he outlined his first budget since coming to power and Read More
Nigeria is unlikely to fulfill its own targeted 1.58 million barrels per day production level in 2024, according to projections by two consultancies tasked by Read More
FCMB Group Plc (NGX: FCMB) today announced a 108% Year-on-Year (YoY) growth in profit before tax (PBT) to N55.1 billion for the nine months ended Read More
Nigeria’s cabinet has approved a $1 billion concessionary loan from the African Development Bank (AfDB) to bolster budget financing in the country. This was disclosed Read More
The Union Bank of Nigeria has formalised the basis for a strategic partnership with the Universal Green Energy Access Programme (UGEAP), a 15-year blended finance Read More
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, today announced a US$26.5 million commitment to AFEX, Africa’s leading commodities platform, which currently Read More
Smartcash PSB, a leading payment service bank, has partnered with Thunes, a cross-border payments infrastructure provider, to power international remittances in naira to mobile wallets Read More
Across Africa, 85% of retail medicine purchases happen at micro-enterprises, typically neighbourhood pharmacies and Proprietary Patent Medicine Vendors (PPMVs). For store owners, 90% of their Read More
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