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The digital bond expands AFC’s capacity to finance transformational infrastructure across Africa.

As Canada pivots toward Africa, Aliko Dangote’s meeting with Prime Minister Mark Carney signals a new phase of ...

Dangote’s expansion deal strengthens Nigeria’s industrial policy goals and accelerates the country’s push ...

The transaction attracted strong demand from international investors across the UK, Europe, Asia and the United States, ...

Since its establishment, the institution has facilitated more than $93 billion in trade and investment across Africa ...

Speaking during the inauguration on Saturday, Governor Dauda Lawal said the project would help unlock Zamfara’s ...

Over the three-day event, participants examined how Africa can strengthen its financial agency, deepen domestic capital ...

The Sintra forum made clear that while central banks remain committed to transparency, they are no longer willing to ...

In its inaugural year, AMCE registered over 5,000 patients from more than 20 countries across four continents, underscoring ...

The fund targets a net internal rate of return of 20% and a net money multiple of 2.4x, with the government’s junior ...

Microsoft, Amazon, Alphabet, and Meta are collectively spending hundreds of billions of dollars on AI infrastructure. But ...

China’s next five-year development blueprint places greater emphasis on innovation, domestic demand, industrial ...

The deal marks AFC’s inaugural sovereign investment in Togo, expanding its government-financing footprint across ...

Afreximbank said the ratings reinforced its strong financial standing and its critical role in driving trade, ...

This investment marks another important milestone in our long-standing partnership with Africa Finance Corporation as we ...

The report says reforms have strengthened resilience, but poverty remains high and flags governance, security, electricity, ...

Prior to joining the IMF, Adrian held several senior positions at the Federal Reserve Bank of New York.

The award followed an extensive industry review, which assessed equipment quality, reliability, technical support, ...

Ecobank said 81 per cent of the eligible lending pool is allocated to countries where agricultural land‑use change is the ...

Software captured the first wave of excitement around artificial intelligence, but infrastructure is where the next ...

The CBN said the NOFR is a market-based reference rate, distinct from CBN monetary policy rates, such as the Monetary ...

Over 60% of mobile money providers believe that interoperability, know-your-customer, and consumer protection regulations ...

The UNCTAD report emphasises that services can support structural transformation only when embedded within coherent ...

CBN Governor Olayemi Cardoso also discussed the status of institutions currently under regulatory intervention, noting that ...

Emphasising leadership beyond boundaries, Dr Lucy Surhyel Newman tasks African women on systemic impact and collective ...

Grene Capital Management Nigeria Limited will continue management of the $82 million Nigerian real estate fund, as the ...

This edition of the report by the Lyon, France-based independent company reveals strong competition among the three major ...

The report also highlights the fact that women still face entrenched barriers, largely driven by social norms and ...

IMF's Managing Director, Ms. Georgieva, said Selassie has guided the department through a period of profound change and ...

The principles affirm the right of all consumers to safe, non-hazardous products sold online or offline, in line with the ...

Elumelu noted that the transaction is a powerful affirmation of what African enterprise can achieve when backed by ...

Africa's SMEs face a financing gap estimated at US$300 billion annually.

The A-A Platform will ensure a reciprocal exchange of technology and innovation between the two ...

The VP Pan-African Fund II, which is targeting a ...

After years of concentration in the Global North, investors now predict a significant rebalancing of AI capital flows ...

Afreximbank will create a new, high-impact financing window, specifically for projects that process raw minerals into ...

The global forum sets four-year mandates as leaders chart paths to resilient, inclusive growth.

Partners with ABAN to expand investment flow and ecosystem networks for portfolio companies.

The company has completed two significant installations in Nigeria: a digital X-ray machine in Kano and a 32-slice CT ...

Adopted by consensus at the WTO's 12th Ministerial Conference in June 2022, the agreement's disciplines prohibit subsidies ...

Calls for strategic partnerships for a food-secure and sustainable future for over 2 billion people living in the drylands.

Dr. Ould Tah, 60, who hails from the Islamic Republic of Mauritania, was elected on 29 May 2025 with over 76% of ...

One of Nigeria’s foremost tech investors, Iyinoluwa Aboyeji, General Partner at Future Africa, is an investor in ...

Ms. Gopinath joined the IMF in January 2019 as Chief Economist – the first woman in the position – and was ...

Emmanuel Ikazoboh, former group chairman of Ecobank Transnational Inc., will fill the role vacated by Dangote, whose ...

The Open Society Fellowship will support critical thinkers in seven cities across Africa, Asia, Latin America, and the ...

FIRS said the IMF has been a critical stakeholder in its journey towards tax system reforms targeted at improving domestic ...

“The AWIEF Awards are not just about recognition – they are about empowering and amplifying the voices of women ...

This resource mobilisation will primarily be used to build climate-resilient infrastructure, particularly in the transport ...

Addressing the Bank Group’s governors and the media shortly after the announcement, Tah said, “Let’s go ...

The Group Managing Director/Chief Executive Officer of Zenith Bank, Adaora Umeoji, expressed appreciation to the ...

Apart from Dangote, the new members of the lab are Bill Anderson, CEO, Bayer AG; Sunil Bharti Mittal, Chair, Bharti ...

Country-specific responses will be critical in maintaining stability and avoiding further deterioration in public finances, ...

'Striking the right balance between domestic industry protection and inflation management will be critical for sustaining ...

Gross external reserves also increased to $40.19 billion at the end of 2024, compared to $33.22 billion at the close of ...

The power transmission company also hints on its capacity to evacuate 10,000MW within the next two years.

Nigerian former president Olusegun Obasanjo and other former African government leaders have come together to sign the Cape ...

The agency’s products include computer laptop, electric tricycle (Keke), Android smartphone, and solar irrigation ...

The 2025 meeting will focus on enhancing trade financing for African businesses, strengthening cross-border trade and ...

Spiro said this partnership will inspire a movement that champions electric mobility and sustainable living.

Geopolitical tensions, the rising costs of climate change, and unresolved debt issues are putting labour markets under ...

Afrasia Bank posted total assets of more than $5.7 billion at the end of its fiscal year ended 30 June 2024.

The Government of Senegal, through the Ministry of African Integration and Foreign Affairs, officially launched the ...

According to a new World Bank's report, the region’s average inflation in 2024 remained low and stable at 2.1%, ...

The financing, approved by Afreximbank in two tranches, supports BUA’s medium-term objectives by unlocking ...

Japan is a top donor to the African Development Fund, having contributed the largest loans to the 14th, 15th, and 16th ...

The decision to deliver two straight 25bp cuts comes as disinflationary progress is made at a much faster rate than ...

Funded by France, Austria, the Republic of Korea, and Australia, the WTO Chairs Programme has grown as it seeks to address ...

This year’s honorees include representatives across 18 countries, who were nominated by their peers and executive ...

The minister assured the public that any future tax reforms would be announced through official government channels to ...

"UDB remains committed to fostering inclusive economic growth through strategic investments in sectors that drive ...

IMF said Ms. Sayeh made notable contributions to key reforms of IMF policies on concessional financing, debt, and capacity ...

According to the report, net interest income for Q1 2024 grew by 31.73% to $393.4 million, compared to $298.6 million ...

According to the 2020 National Integrated Infrastructure Master Plan, Nigeria requires, between 2020 and 2043, total ...

The honourable minister will be speaking on the subject, “Transforming Nigeria’s Population Health: Crowding in ...

Rising consumption, commodity exports, and foreign direct investment are expected to drive Africa’s economic growth, ...

Emuwa has been a part of AFC’s Board since 2015.

Themed “The Road to Economic and Social Welfare Transformation,” NDFF 2024 Conference aims to provide a strong ...

BADEA issued a debut EUR 500mn 3-year social bond with use of proceeds to fund eligible projects under the issuer’s ...

The equity subscription from Türkiye’s export credit agency advances AFC’s mission to be the bridge ...

Ms. Omokhodion’s strong industrial background and track record of success at Ford, GE, and most recently Intel, is ...

“Violence and harassment against women and girls know no borders, not even the workplace,” said the DG of the ...

The financial support consists of two loans: $179.68 million from the bank and $73.15 million from the African Development ...

APSS is a pan-African, private sector-led non-profit organisation that promotes trade and investment in Africa and ...

The proposed restructuring terms provide both substantial up-front debt relief and future relief commensurate with Zambia's ...

The facility is expected to help in catalysing trade financing between Africa and the People's Republic of China, thereby ...

Stanbic IBTC embarks on a holistic sustainability journey, begins implementation of global sustainability standards ...

The Pan African private non-partisan, non-profit organisation calls for nomination of candidates into its Advisory and ...

In April 2023, the Kingdom jumped 17 places globally in the World Bank's Logistics Performance Index, advancing to the 38th ...

The deal is targeted at supporting the development of a trade-enabling infrastructure to assist Djibouti in achieving its ...

ATI expects to support many more Japanese manufacturers, traders, exporters, and financial institutions seeking for ...

Moment will also offer additional options for consumers to spend and save money.

The fintech is licensed in the UK, Cyprus, South Africa, Australia, Jordan, Canada, and Estonia.

Since 2000, five countries, namely Kenya, Nigeria, Ethiopia, Ghana, and Rwanda, with an estimated total diaspora population ...

Elevated risk aversion amid increasing energy prices, heightened geopolitical and inflation risks, and tightening monetary ...

Jeremy Awori brings over 25 years of experience in the banking industry into his new role.

“This month’s elections hold immense significance not just for Nigeria, but for the entire African continent ...

According to the World Bank, the U.S. is the largest outbound remittance market in the world with $72,669 million ...

“This boost to our share capital enhances AFC’s mandate to provide African solutions to African challenges, ...

“We are honoured to have the breadth of both local and global investors who have bought into our vision and who ...

IFC said its digital strategy in Africa aims to enable ubiquitous, reliable, and affordable connectivity.

The US economy added a robust 263,000 jobs in November 2022. The figure beat the projections of about 200,000 new jobs by ...

The report estimates that global monthly wages fell in real terms to minus 0.9 per cent in the first half of 2022 – ...

The project is expected to improve access to finance for at least 50 enterprises: 29 in the agribusiness and manufacturing ...

Adaptation finance is scaling too slowly to close the investment gap in Africa, even as the costs of inaction rise. – ...

The transaction marks AFC’s second foray into the Japanese capital markets, following an inaugural Samurai loan ...

Investment to enhance capacity and expand coverage of the 4G network in Lagos and Ogun States.

The transparency and accountability with which Binance seeks to deliver services to its clients is impressive – ...

The report delves into the strategies and tactics needed to move forward in an evolving risk landscape.

Africa needs to invest massively in adaptation and resilience – President Macky Sall.

The company has an infrastructure reach in over 34 African countries, including Nigeria, Uganda, and South Africa.

South Africa is poised to become a global hub for green hydrogen and its derivatives, such as ammonia and sustainable ...

Participants who spoke at the event were unanimous in their view that a general adoption of Sustainability Standards will ...

The combined profits of the largest energy companies in the first quarter of this year are close to US100 billion, said the ...

Access Bank said its proactive involvement with the alliance reiterates its stance on protecting the environment.

BUA recorded revenue growth of 22.9 percent, from N209.4 billion in 2020 to N257.3 billion in 2021. Profits After Tax also ...

The 330/132/33kV Rimin Zakara Substation in Kano State is about 80% completed and the transmission line that will bring ...

AFEX has over 126 warehouses in Nigeria with a storage capacity of 314,000MT.

UPS has delivered nearly 1.5 million COVID-19 vaccine doses via drone to underrepresented populations, as well as rural and ...

MoU aims to enhance and increase the share of adaptation and resilience investments financed by Côte ...

Issued in 2017, the five-year bond was offered at a coupon rate of 7.75 percent.

Over the last 15 years, AFC has built experience mobilizing global capital for critical infrastructure projects in Africa ...

Abdulaziz was noted for his collaborative management approach, which TCN said also engendered synergy and consultation ...

Digital is one of Ghana’s best-performing sectors and grew on average by 19% per year between 2014 and 2020.

Robust primarily trades in specialty crops such as cashews, sesame, ginger, and gum arabic, among others.

Nigeria’s digital landscape changed substantially between 2015 and 2021.

Through his Camey & Rock Platform Holdings, Peter Adejoh’s businesses are in banking, fintech, and real estate, ...

BOI, the first African national DFI to issue a public Eurobond, has a vision of transforming Nigeria’s industrial ...

Going forward, IFAD will proactively increase its investments in green bonds and other ESG securities.

Most experts believe a global economic recovery will be volatile and uneven over the next three years.

Pierre-Olivier Gourinchas received his PhD in 1996 from the Massachusetts Institute of Technology.

TCN is executing new transmission projects even as it is completing old ones, in line with its Electricity Grid ...

To date, Ventures Platform’s portfolio has raised over US$500 million in follow-on rounds.

The first phase of the project will be implemented with co-financing from other partners in the amount of $538.05 million.

Access Bank’s vision is to be the world’s most respected African bank. This has made the bank to embed ...

Access Bank will continue to deliver value to all its stakeholders – Access Bank CEO, Herbert Wigwe.

ESG-compliant investment decision is the hottest investment megatrend and this is set to grow.

Nigeria’s SWF is managed by Nigeria Sovereign Investment Authority (NSIA).

The all-Nigerian funding round will see the lifestyle fintech platform invest in infrastructure and scale across the ...

Sub Saharan Africa is projected to grow at 3.7 percent (up from 3.4 percent). While Nigeria's growth projection at 2.6 ...

Aniagolu-Okoye to lead the foundation’s office of West Africa and oversee its grantmaking, external relations and ...

Global Finance considered that Access Bank is the first African bank to be recognized as qualified for the 2X Challenge, an ...

“This announcement gives me great pleasure because it speaks to organic growth with flavourings of longevity, ...

Nigerian finance minister Zainab Shamsuna Ahmed named the seven states that will participate in Phase 1 of the programme as ...

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official ...

One in 10 people go hungry every day.

The start-up was initially bootstrapped by its co-founders with seed stage funding from Future Africa, an Africa focused ...

EFInA 2020 survey report shows 27 per cent of Nigeria's 106 million adults have savings accounts and only 2 per cent have ...

Africa is ready for high throughput pervasive fibre networks, independent hyperscale data centres, edge, AI, 5G and IoT. ...

The aim of the UN Food Systems Summit is to deliver progress on all 17 of the SDGs through a food systems approach.

IFC’s $100 million financing will help OCP Africa, a subsidiary of OCP, expand its logistics networks and increase ...

DFIs play an important role in helping to build markets, mitigate risk and pave the way for other investors to enter new ...

With over 127 years history, FirstBank has its financial services footprints – through its subsidiaries – in ...

The EIB last year provided EUR 5 billion for public and private investment across Africa.

The issuance was MTN Nigeria’s debut in the domestic bond market and the first corporate bond to be issued by a ...

About 155 million people suffered from malaria in Africa in 2018, compared to 4.5 million people so far infected with ...

The question on whether the upsurge in the usage of fintech is a long-term one will be answered as lockdown restrictions ...

IFC said supporting financial inclusion is an important part of its strategy in Africa to boost private sector growth and ...

NEXIM Bank and Afreximbank said they aim to mobilise up to $50 million in the form of project preparation funds for ...

The Nigerian unicorn has previously partnered with Visa to launch Barter; Alipay to offer digital payments between Africa ...

Real GDP in Africa is projected to grow by 3.4 per cent in 2021, after contracting by 2.1 per cent in 2020 due to the havoc ...

UBA’s loans and advances to customers reached N2.6 trillion last year, up 24 per cent from N2.1 trillion posted in ...

"Today, the number of Nigeriens living below the poverty line has fallen to 40%, from 48% a decade ago," Festus Mogae, ...

Two Nigerian entrepreneurs, Temie Giwa-Tubosun and Tara Fela-Durotoye, are featured in the book.

FirstBank’s SMEConnect is a digital platform through which SMEs can access the bank’s services.

Zenith Bank said its total assets jumped by 34 per cent from N6.35 trillion in 2019 to N8.48 trillion last year.

The new US President Joe Biden had endorsed the candidacy of Okonjo-Iweala, saying she “brings a wealth of knowledge ...

The International Monetary Fund (IMF) estimates Nigeria's infrastructure stock at 25 per cent of GDP. This is below the ...

The transaction is the first non-sovereign bond issuance in Africa this year.

We want teams that will build real systems that can make a measurable impact and scale to a gigaton level -- Musk.

The bootcamp is designed as an eight-session workshop to be hosted in Nigeria, Ghana, Ethiopia, Kenya, Rwanda, Senegal and ...

Otunba Subomi Balogun is a well-known statesman, entrepreneur and philanthropist with several charitable projects and ...

Shortly before he took the oath of office, Kamala Harris made history as the first female, first black and first ...

FCI, an association of institutions offering factoring services around the world, said the global factoring market was ...

The other nominees for the Nigeria award were Banwo & Ighodalo; G. Elias & Co; Jackson, Etti & Edu; Olaniwun ...

According to UNCTAD, developing countries alone face an annual funding gap of $2.5 trillion to achieve the SDGs.

Born in South Africa, Musk has several inventions to his name, including being the Co-founder of PayPal.

Cavmont Bank is expected to be merged into Access Bank before the end of January 2021.

The budget components include non-debt recurrent expenditure of N5.64 trillion and N4.13 trillion for capital expenditure.

Accredited institutions in Nigeria are Access Bank Plc, First City Monument Bank Ltd, Fidelity Bank Plc, First Bank of ...

Government revenues could fall by more than $15 billion this year due to the pandemic.

The deal is expected to help the 27-member bloc achieve its green transition plan, which entails reaching net-zero GHG ...

Access Bank will continue to strive to ensure that women are empowered – Herbert Wigwe.

Following his retirement, Gbededo will remain on the board of FMN as Vice Chairman, an appointment that is effective from ...

Many Nigerians are among over 100 million people worldwide to see their electricity access disconnected because they ...

Africa is home to 700,000 developers, out of which 85,000 (12 per cent) are in Nigeria.

Founded in 2004, Transcorp is a leading diversified conglomerate with portfolio companies in the hospitality, power, and ...

Support under the facility will be available through direct funding, lines of credit, confirmation and refinancing of ...

MTN Nigeria is the largest-listed company in Nigeria with a market capitalisation of N2.85 trillion as of October 26, ...

The main objective is to accelerate access for MSEs to markets through digitization and e-commerce platforms.

Although the terms of the deal have not been disclosed, it is considered the biggest Nigerian startup acquisition thus far.

Among the finalists is MIT-trained, Nigerian system engineer, Oluwasoga Oni, whose company provides diagnostic and primary ...

The 2021 proposed budget is based on a foreign exchange rate of N379/$; and 3 per cent GDP growth projection for next year.

Uncertainties and delays in the reform efforts have cost the country an estimated $235 billion, according to Nigeria ...

Dr. Funsho was honoured for his work with Rotary International to eradicate wild polio in Africa.

In July last year, Interswitch was reportedly planning an IPO via a dual listing on the Nigerian Stock Exchange and the ...

CBN Deputy Governor, FSS, Aishah Ahmad, said the apex bank is committed to strengthening its regulatory and supervisory ...

The road infrastructure project in Kenya is part of the Horn of Africa Gateway Development Project (HoAGDP), which is ...

In his acceptance speech, Jemide said he would take his responsibilities as Chairman with all sense of duty.

Digitalisation can help harness the $23.3trn in global domestic savings into investments in sustainable infrastructure.

Nigeria is the AfDB’s largest shareholder and accounts for the bank’s active portfolio of about $5 billion as ...

According to MTN, Mupita has played a critical role in the development and execution of the group’s strategy.

Dangote Cement's selling and distribution expenses in the half-year period between January and June of this year, declined ...

The merger between Africa-focused Helios and Toronto-based Fairfax Africa will create a much bigger and diversified ...

Former Nigerian External Affairs Minister, Prof. Bolaji Akinyemi, and Fellow of the Nigerian Academy of Science, Prof. ...

The ratings agency further stated that it expects AfDB to “prudently manage growth in private-sector lending in a way ...

In his acceptance statement, Oramah told the shareholders that the bank’s ultimate goal in his second term is to help ...

The bond issuance is part of Dangote Cement’s debt-capital raising programme worth N300 billion. It is also the ...

In his presentation, Scharfe, who is CEO of LuxSE, said there has been a shift from the green bond market towards social ...

The 2020-2024 CSP has two key priority areas for Nigeria, namely infrastructure development and social inclusion through ...

Dangote was featured among the most admired brands of African origin for the third consecutive year.

The GDP figure for Q1 2020 is the slowest quarterly growth rate since Q4 2018.

The 2Africa cable will support the growth of 4G, 5G and fixed broadband access for hundreds of millions of people.

The statement by NEXIM Bank further says its Managing Director/Chief Executive, Abba Bello, welcomes Obiora on behalf of ...

IMF said the facility will support the country’s efforts to address the severe economic impact of the Covid-19 shock ...

The purpose of debt relief under the CCRT is to free up resources assigned to debt service to meet exceptional balance of ...

The EAG comprises some eminent individuals from around the world, who would draw on their high-level policy, market, and ...

The government said the funds will enable it to tackle the impact of COVID-19 pandemic on the economy.

This is the largest US dollar denominated Social Bond ever launched in international capital markets to date, and the ...

The $40 million Coronavirus Global Response Initiative will fund rapid response teams in low- and middle-income countries.

The policy measures include extension of moratorium on loans, interest rate reduction and creation of a N50 billion fund.

Adegbie-Quaynor is a former IFC Country Manager for Nigeria.

The bank said it is the first Nigerian bank to cross the N200 billion mark in profit after tax.

CGD's Gyude Moore and Michael Clemens said the US immigration visa bans are unlawful and they negate US policy objectives.

New items on the VAT exemption list include basic food items, locally-manufactured sanitary towels, tuition fees and ...

Following a challenging 2019, market sentiments have improved at the turn of the New Year.

Under the law, small companies will pay 0 per cent in Companies Income Tax. They will also not be required to make VAT ...

The European Union and KfW are among investors that have committed $59 million in equity capital and $36 million debt ...

Vera Songwe said the ECA would support African countries to attract private sector investments in clean energy.

NSIA declared a profit of N44.3 billion in 2018, and N24 billion in the first six months of 2019.

With this appointment, Access Bank has become the first Nigerian bank to appoint female Board Chairs twice in ...

The Eurobond is the longest tenor bond that has been issued by the AFC till date.

Nigeria, Africa’s biggest oil producer, faces a significant increase in financing needs as it struggles to boost ...

The FCMB Payroll solution comes with exciting features that enable SME owners to easily process payroll; pay ...

The World Bank report also shows that Nigeria is among the top 10 global economies where business climates improved the ...

The agreement will enable the two exchanges to collaborate in order to foster sustainable finance in their respective ...

The 2020 budget proposal is based on oil production estimate of 2.18 million barrels per day (bpd), crude oil price of $57 ...

The minister said the draft MTEF showed the country is facing significant medium-term fiscal challenges, especially with ...

Georgieva is set to be the second-ever female MD of IMF after Christine Lagarde.

A corporate lawyer, Ms. Anohu was Director-General of Nigeria’s National Pension Commission (PENCOM) between October ...

The slowdown in the non-oil GDP largely depressed the effect of the 5.15 percent oil growth.

The bank also announced the appointment of Al-Mujtaba Abubakar, FCA, as an Independent Non-Executive Director.

The new AMCON Act amends the 2010 establishment Act by increasing the powers of the Corporation to recover debts owed to ...

Over the last one year, the Bank has approved applications worth N55 billion and disbursed about N24 billion to exporters, ...

BUA Group's integrated LASUCO Sugar Company in Lafiagi will produce 20 million litres of ethanol per annum, 200,000 metric ...

Governor Makinde said his decision to make his asset declaration public was in fulfilment of his electoral promise.

Aker Energy has issued $100 million subordinated convertible bonds to the AFC per the terms of the agreement.

The aim of the AfCFTA is to create the world’s largest free-trade zone, increase intra-African trade by 52 per cent ...

The advisory group provides information, analysis, and recommendations on U.S.-Africa trade and investment priorities.

Otedola, who was Chairman of Forte Oil Plc, said he has divested his 75 per cent shareholding in the oil company to ...

Facebook aims to have Libra as a stable digital currency built on a secure and open-source blockchain, backed by a reserve ...

Maïdou is the Chief Operations Officer of Allianz Africa.

The AfDB’s donor partners that will join the launch event are the French Development Agency, the Bill and Melinda ...

According to NEXIM Bank, the implementation of the Sealink project will boost Nigerian non-oil export revenue to between ...

Prior to Ali Pate’s appointment as Nigeria’s Minister of State for Health in 2011, he had successfully served ...

Farroukh will spend the majority of his executive time in Nigeria, given the extent of the opportunities and significance ...

Gricd Frij, a cold chain startup, emerged as the winner of Africa Fintech Foundry’s startup pitch competition.

The Bank said its balance sheet size nearly doubled from N61 billion in 2016 to N117 billion in 2018.

The Lagos State Entrepreneurship Trust Fund said the partnership is in line with its mandate to provide employment and ...

ITFC’s $500 million agreement with Afreximbank will finance the Arab-Africa Trade Finance and Promotion Programme and ...

First gold from the project is anticipated to be made in the first quarter of 2020.

This modest GDP growth expansion in 2019, according to the World Bank, reflects stagnant oil production due to regulatory ...

The CBN Governor said the aim of the rate cut was to stimulate economic growth.

The Thomas F. Gilbert Distinguished Professional Achievement Award recognises those who have made significant contributions ...

AfDB said the bond offering is its first Euro-denominated global benchmark transaction of the year, aimed at combating ...

Access Bank said the loan facility will support job creation and improve access to finance.

The launch of the new body will coincide with the 7th Tokyo International Conference on African Development (TICAD), ...

The event – which will hold on Friday, March 8 – is being organised to commemorate the International ...

The CBN Governor said Nigeria currently spends over $4 billion annually on imported textiles and ready-made clothing.

The NAP 4.0 will run from the 1st of March to the 29th of April, 2019.

Successful electricity cooperatives improve rural electrification while creating sustainable businesses.

The facilities will be used to finance private sector projects and Arab exports to Sub-Saharan Africa.

The aim of the African Business Coalition for Health (ABC Health) is to mobilize business leaders, heads of government and ...

ARC said there is an urgent need to respond to climate change-induced migration and forced displacement through an ...

Akinwumi Adesina said the technological partnership would translate into capacity building in Africa through training so ...

Maraphones will be affordable, high-end smartphones and they will run on the latest version of Android One, an optimised ...

Safer Internet Day seeks to create awareness about online safety and security concerns such as cyber bullying and ...

The IMF warned that the risks of “more significant downward corrections are rising.”

Guterres said his five priorities for the year ahead are: diplomacy for peace; ambitious climate action; acceleration ...

The ABHF aims to strengthen partnerships and foster opportunities for the private sector to contribute towards boosting ...

The purpose of the debt facility is to repay historical obligations on crude supply, provide a long-tenured facility and ...

Jim Yong Kim’s stance on climate change has been at odds with the U.S. president’s policies.

For the development of the Global Responsible Banking Principles, Access Bank has been appointed as the African Lead, ...

The new CCNN shares have been issued and allotted to all shareholders of Kalambaina Cement in exchange for their Kalambaina ...

Musibau Yola: "There has been a comprehensive integration of the pensions business into FCMB Group."

AFC’s Executive Director of Financial Services, Sanjeev Gupta, and Senior Director and Treasurer, Banji Fehintola, ...

The Federal Government has proposed recurrent expenditure of N4.04 trillion (50.31 percent of aggregate spending) and ...

The IATF is expected to attract about 70,000 visitors and 1,000 exhibitors from 42 countries. Transactions worth about $25 ...

The United Kingdom has been strengthening its economic ties with Africa ahead of its exit from the European Union in March ...

McKinsey said there is a trillion-dollar opportunity to industrialise Africa, meet rising domestic demand and create a ...

The company said the Mara X will be manufactured in plants across Africa.

The company has an installed capacity to assemble and produce 10,000 trucks annually and create over 3,000 jobs.

The ADRiFi will support countries in developing climate risk profiles, strengthen contingency plans and support risk ...

The Federal Executive Council also approved a $1.5 million AfDB loan to develop the Abidjan-Lagos highway.

The conference will introduce innovative solutions in a range of sectors, including ICT, energy, transportation, health and ...

The bank's gross earnings also rose by 2.7 percent to N374.9 billion.

The Minister of Budget and National Planning said the federal government is targeting N8.65 trillion as its budget for ...

First Bank said the aim of the hackathon was to come up with new ways of applying artificial intelligence to banking ...

The fund invests in infrastructure companies, projects or SPVs that facilitate investment in infrastructure.

The Ambition Africa 2018 event will take place on October 22-23 in Paris.

The loan facility will provide the AFC with medium-term liquidity and contingent funding support, which is important for ...

The honorary degree was conferred on Adesina for his remarkable service to the country. 

Dr Mukwege is a joint winner of the prize with Nadia Murad, an Iraqi human rights activist.

Mr. Abba Bello said innovativeness and entrepreneurship development, rather than lack of access to finance, are the main ...

Johannesburg, with total wealth of $276 billion, occupies the top spot in the ranking of wealthy cities in Africa. 

Speakers lined up for the Africa Fintech Summit (AFTS) include the Chief Economist of PwC Nigeria, Dr Andrew Nevin; ...

Lagos State has the highest stock of domestic debt at N517 billion, or the equivalent of 17 per cent of the total domestic ...

UBA launched its Chat Banking solution in collaboration with Clickatell Transact.

Accompanied by a delegation of 29 business executives, the UK Prime Minister will meet with her counterparts in Africa to ...

The overall objective of the project is to increase the capacity of the dam to provide adequate water for farming and ...

Onyema was inducted in December 2017 as an Associate Member of the CIS.

The Africa Innovates for the SDGs award is open to innovators from all African countries.

Indian Prime Minister Narendra Modi recently noted that the current India-Africa partnership includes implementation of 180 ...

The Director-General of the Bureau of Public Enterprise, Alex Okoh, will serve as the Vice Chairman of the Board, while the ...

Prior to his appointment, Binji was the Managing Director of Obu Cement Company (a subsidiary of BUA Cement), in ...

Managing Director and CEO of CRC, Tunde Popoola, said the future of retail lending is in embracing financial technology for ...

The Africa Netpreneur Prize initiative will seek to create a community of about 100 young African entrepreneurs who will ...

Laguarta, who is 54 years old, will become the sixth CEO in PepsiCo's 53-year history.

Earlier in June, the Cement Company of Northern Nigerian (CCNN), owners of the 500,000 metric tonnes per annum Sokoto ...

According to the statement by GE, Ireland plays a significant external role advocating for investment in Africa.

The intention of the African Union in establishing the African Risk Capacity is to protect its vulnerable population from ...

Zubairu was the pioneer chief financial officer for Dangote Cement Plc, and had led finance transactions worth over $3 ...

The ideas presented, according to Business Ghana, must have four characteristics – feasibility, innovativeness, ...

Nigeria has struggled to reform its oil sector, improve the regulatory environment and increase transparency.

Oando catapulted to the ranks of IOCs with its game-changing acquisition of ConocoPhillips Nigeria assets in 2014 which saw ...

Foreign companies have been waiting for Ethiopia to open its state monopolies.

The President stated that a supplementary budget will be sent to the National Assembly in order to rectify most critical of ...

Tourism industry accounts for more than six percent of the total investments value at $29 billion (in Africa) and employs ...

Dos Santos takes up the role following five years as Montblanc’s Managing Director for Brazil.

Going by its audited accounts for the year ended December 31, 2017, FCMB recorded a gross revenue of N169.9 billion and a ...

In the pilot phase, Ebola, Marburg, Meningitis, and Lassa Fever will be covered.

Ecobank and MTN Mobile Money customers will be able to transfer money between mobile money wallets and bank accounts.

Other members of the new board are Mudashiru Olaitan, Olubunmi Siyanbola, Ochapa Ogeniyi, Adesina Adegbenro, Hajiya Ramatu ...

Prasad has approximately 30-year experience in the global financial services and payment industry.

SimbaPay platform senders can now send money with just an SMS. All they require is the recipient’s phone ...

In keeping with its mandate as Nigeria's Export Credit Agency, NEXIM is collaborating with the Central Bank of Nigeria to ...

Aluko & Oyebode, Banwo & Ighodalo, G. Elias & Co., Olaniwun Ajayi LP and Udo Udoma & Belo-Osagie are the ...

Otunba Balogun was the first in Nigeria as at 1987 to endow a Professorial Chair in a University, this at the University of ...

The mobile app offers banking services at a much cheaper cost than traditional banking, thus making it much more accessible ...

Nearly 300 million Africans are banked today, a number that could rise to 450 million in five years.

OPEC members given individual allocations under the production agreement maintained high collective compliance at 145% for ...

The employee survey responses revealed how well the Bank balances the needs of its diverse workforce.

Reforms affect firms holding 50 percent of global foreign direct investment.

In the absence of the January MPC meeting, the CBN says it will maintain the decisions reached at the November 2017 ...

The Bank says it will continue to explore the prospects for African currency bonds.

FITC has also commenced the process of accrediting fifteen of its core courses with Malaysia-based Finance Accreditation ...

Célestin Monga, Vice-President, Economic Governance and Knowledge Management, at the African Development Bank, ...

Agriculture accounted for 29.15 percent of total output; industries 22.56 percent; and services 48.28 percent.

The new instrument aims to enable small-and mid-scale renewable energy projects in Africa to reach financial close by ...

The 2018 budget reduced the deficit to N2.01 trillion, compared to N2.36 trillion in 2017.

Safe and sound financial system as we know, is dependent on the quality of corporate governance practices, which in turn ...

“Under Germany’s leadership, job creation and poverty reduction in Africa have become strong priorities for the ...

FSDH provides an array of services including merchant banking, corporate banking, investment banking, asset management and ...

Amina, who hails from the northern Nigerian town of Yola, is a presenter on the 8pm news on Gotel Television in ...

“Access Bank’s ability to redeem the $350 million Eurobond Notes highlights the resilience of our balance sheet ...

Allianz Group views Africa as one of the important future growth markets and is now present in 17 countries and has clients ...

Partnership enables Africans to sell their products on the eBay.com platform

Zenith Bank and Readmanna supported Katherine Eta in her trip to the United States and she was the only African student to ...

The Johannesburg-based company said it expects 2017 half-year headline earnings per share (HEPS) to be between 210 cents ...

The budget deficit is expected to reach N2.77 trillion in 2018 compared with N2.35 trillion in 2017.

NEXIM Bank said the MOU with Indonesia Eximbank is strictly limited to the expressed desires of the parties to enhance ...

Emefiele said the Committee noted the easing of inflationary pressures, but it thinks the inflation rate is still high for ...

Ma said he would work with UNCTAD to help bring 200 budding African entrepreneurs to China for a hands-on learning ...

Transcorp said its after-tax profit rose to N4.16 billion in H1’17 compared with a loss-after tax of N12.19 billion a ...

IFC provided $2.4 billion in new long term investments and mobilizations, and $1.5 billion in short term investments in ...

The platform will amongst other functions allow NSE to monitor market manipulation (including spoofing and layering) and ...

The signing of the resolution by Access Bank demonstrated its commitment to being one of the most sustainable banks in ...

United Capital said after-tax profit fell by 3 percent to N1.997 billion in Q1 2017.

WorldRemit processes 74 percent of all international transfers to mobile money accounts coming from money transfer ...

Osinbajo urged the leaders of the world’s 20 largest economies to “move beyond pledges to back Africa’s ...

“Dangote Cement is a high-growth, low debt, internationally diversified company that has just paid a dividend ...

In October last year, Guinness Nigeria reported its first full-year loss in over 30 years as the country’s ...

Seplat said the revolving credit facility has also been amended to amortize the remaining outstanding principal balance of ...

With the latest financing, Tizeti is expected to increase its network of solar-panelled towers from the current 45 to over ...

TIDE Africa Fund’s investments will range from $500,000 to $10 million and due diligence is under way on the first ...

Adesina said he was inspired by a commitment to transform African agriculture into a means for lifting millions out of ...

FAFIN is co‐sponsored by the Federal Ministry of Agriculture and Rural Development, the Federal Ministry of Finance, the ...

Founded in 2007 with paid-in equity capital of $1.26 billion, the AFC has aims to address the continent’s ...

Atlas Mara was founded in 2013 by Bob Diamond, the former CEO of UK-based Barclays Plc, and Ashish Thakkar, the 34-year-old ...

Dangote Cement has been ramping up its cement production capacity in Nigeria, its largest market, and across Africa to take ...

Past winners and nominees of the IPA have been supported with approximately $1 million to move their projects forward.

UBA said investors placed orders from around the world, including the United Kingdom, Europe, Asia, the Middle East, and ...

NEXIM Bank finances businesses operating in the value-chain of Nigeria’s non-oil export sectors.

"The confidence that Shell and others have in opening up Forcados is a result of the engagement by the Acting President, ...

When completed, the projects will collectively provide over 85MW of electricity, enough to power more than 420,000 homes ...

“Our focus now is on restoring production and cash flow momentum whilst also establishing longer-term access to ...

The DMO said the federal government has filed a statement for the diaspora bond with the United States Securities and ...

As of December 2016, Coronation Merchant Bank had assets of N106.6 billion.

GT Bank said its app offers customers access to over 90 percent of the bank’s services via their smartphones.

P&G commissioned a $300 million manufacturing plant, also in Agbara, Ogun State in 2014.

The PitchDrive will allow 15 elite African tech companies to pitch their ideas to leading investors during a ...

Dangote reportedly submitted a bid for the AMCON stake in partnership with the Kaduna and Kebbi state governments as well ...

OPEC agreed to extend its production cut deal with non-OPEC members by nine months to March 2018.

The new investment firm will be focused on delivering “superior risk-adjusted returns in Africa’s public ...

Oscar Onyema said Nigeria has one of the biggest markets for REITs in Africa.

Rencap says it still believes Nigeria’s economy is coming out of recession as the rate of GDP contraction slowed in ...

Emefiele said the MPC was concerned that loosening will exacerbate inflationary pressure and worsen the gains so far ...

The bank said the Eurobond issuance has been approved by the Central Bank of Nigeria and the Securities and Exchange ...

The 2017 African Economic Outlook reports that the continent will grow by 3.4 per cent in 2017 and 4.3 per cent in 2018, ...

President of Afreximbank said the lender has launched some initiatives designed to increase industrial capacity and improve ...

Synergy Capital Managers said the acquired companies – Dimension Data Nigeria Limited and Dimension Data Ghana ...

The 2017 Accelerator is designed to identify, support and fund the next generation of female entrepreneurs.

AFC’s summit aims to facilitate more capital towards addressing Africa’s pressing infrastructure needs.

Oando said negotiations to finalize the deal are ongoing, and a final agreement is expected to be reached by the end of ...

Total recurrent expenditure stands at N2.987 trillion.

The N7.44 trillion budget passed by the National Assembly is 2.2 percent higher than the N7.298 trillion spending plan ...

Ahmad Farroukh has been appointed as Smile Telecoms' Executive Director, Operations, with effect from May 1, 2017.

Soludo said the first step in the process of unifying Nigeria’s multiple exchange rates is to eliminate the 41 items ...

Under the partnership, RedTV will showcase its productions and screen a film during the festival.

The 3rd edition of Africa Women Innovation and Entrepreneurship Forum (AWIEF) will take place on October 5-6, in Cape Town, ...

If current policies remain unchanged, fewer than one-quarter of the 450 million new jobs needed in the next 20 years will ...

The PwC research shows that one of the reasons African CEOs are positive is they tend to look to the upside and seize on ...

NEXIM Bank is the state-owned development finance institution mandated to promote the diversification of Nigeria’s ...

The report says out of the $83.3 million raised by the African crowdfunding market in 2015, Nigeria accounted for $7-$8 ...

Under the contract agreement, UOP will supply proprietary specialist equipment – including catalyst regeneration and ...

The NSE/LESG capital markets partnership agreement seeks to strengthen cooperation and promote mutual development between ...

The British High Commissioner to Nigeria said the UK’s bilateral trade relationship with Nigeria is now worth ...

MainOne said it plans to start constructing the data centre later this year. The facility will be based in the Flowergate ...

Transnational Corporation of Nigeria's after-tax profit rose 24 percent to N1.49 billion in Q1 2017.

Enelamah said the ministry is developing the “Smart Nigeria Digital Economy Project” to solve efficiency ...

The Commissioner for Finance said the number of tax payers in Lagos State increased to over five million in 2016.

Ochai was declared winner of the Women in Focus Community Champion Award, an international award for the crucial role women ...

Ghana and Zambia will from April 2017 join six other sovereign indices currently on the AfDB/AFMISM Bloomberg African Bond ...

Afreximbank said it expects the new Centre of Excellence in Nigeria to reduce medical tourism and reduce exodus of Nigerian ...

AfriOne says its aim is to align with the 'Made in Nigeria' initiative of the current administration by providing ...

The company's gross earnings rose 14 per cent to N2.11 billion in the first quarter of 2017.

Prior to his appointment, Ogbonna was Access Bank’s Executive Director, Commercial Banking Division. 

The company said after-tax profit rose to N1.88 billion in Q1 2017.

The Cameroonian economist is the first female Executive Secretary of UNECA.

Some of the notable Foreign Honourary Members listed alongside Adichie include philanthropist and singer-songwriter John ...

The agency will also automate VAT collection in the power, telecommunications, e-commerce, financial services, oil and gas, ...

Dangote Flour Mills operates in Nigeria’s highly competitive wheat flour and pasta making sector, alongside some ...

The AFC said the seven-year bond is its second benchmark Eurobond under a $3 billion Global Medium Term Note Programme.

The final shortlist of the best five entries was chosen by an esteemed panel of judges from around the world, including ...

The company said after-tax profit stood at N3.5 billion compared to an after-tax loss of N47.6 billion in 2015.

During the four-day official visit to India, Adesina and members of his delegation will hold bilateral talks with the ...

Nnanna, who is Deputy Governor (Financial System Stability) of the Central Bank of Nigeria, will succeed Sarah Alade, the ...

The Minister of Transportation said the projects will be completed on or before December 2019.

Gross earnings rose 22 per cent to N383.65 billion as against N314.84 billion in the previous year.

The Minister of Finance said the amount has been earmarked for implementation of various projects like the dual standard ...

The Afreximbank president urged African governments to support the competitiveness of their local industries by reducing ...

The Mara and Nimbuzz hybrid will consist of an incubator platform, a smart marketplace and consumer communities.

Ghanaian President Nana Addo Akufo-Addo and Senegalese President Macky Sall were participants in a panel discussion at the ...

Forbes said the plunge in the price of oil and commodities has continued to impact the fortunes of Africa’s richest ...

Stanbic IBTC said its Board of Directors will appoint a new chairman in April.

Olajide Zeitlin will serve as Chairman, Board of Directors, Nigeria Sovereign Investment Authority.

The 41-year-old CEO of MeTL was given the award at the Africa CEO Forum in Geneva.

The CBN has held its benchmark interest rate at 14 per cent for the fourth consecutive MPC meeting.

The company's total insurance premiums revenue rose by 22 per cent to N25.31 billion.

FMDQ said the Lagos State bond is the first sub-national bond to be listed on its platform in 2017.

With the latest bond offering, the AfDB said it has now completed 57 percent of its 2017 funding programme.

Tanzania's Ministry of Energy and Minerals provided a 10-square-kilometre plot of land to the cement manufacturer to mine ...

Helios Investment Partners, which had hitherto owned a 52 percent stake in Interswitch, will remain the majority ...

GT Bank recorded FX revaluation gains of N87.29 billion.

Organisations are using innovative programmes to attract key female talent. For example, return-ship programmes are proving ...

The government said it is committed to bringing economic, social and environment sustainability to the forefront of its ...

Access Bank's total assets rose 34 per cent to N3.48 trillion.

The company's revenue rose to N615.1 billion in 2016.

Heritage Bank said 94 beneficiaries have received a total of N251 million from the YIEDP fund.

Fitch also commended the CBN for relaxing FX allocation/utilization rules on commercial banks. 

The conference will take place on Thursday, February 23rd at the Stock Exchange House in Lagos.

With the new service, BBM users will be able to make cardless cash withdrawals from ATMs as well as cardless/cashless ...

Balogun’s appointment takes effect from March 20, 2017 as he serves out the maximum tenure of 10 years as CEO of FCMB ...

The National Economic Council has approved the utilisation of money from the ECA, taking NSIA’s total capitalisation ...

United Capital has proposed a dividend of N3 billion, translating to 50 per share.

Fashola said the Federal Executive Council considered and approved the award of contracts for 12 roads across eight states.

The East African-German University of Applied Sciences is based on the practice-oriented German university model.

BBC said it is committed to continuing Komla’s legacy by empowering a new generation of African journalists to report ...

The goal of Power Africa is to increase access to cleaner and more efficient electricity in sub-Saharan Africa.

The agreement includes the creation of a $500 million programme for financing trade among Afreximbank member countries ...

The school feeding programme has already commenced in five states – Anambra, Enugu, Osun, Ogun, and Oyo.

Dangote Rice is set to launch the multi-million naira rice outgrower scheme in Sokoto State.

Investors placed orders of about $7.8 billion – a 700 per cent oversubscription – for the bond issue.

The Africa CEO Forum, in partnership with McKinsey & Company, will launch the African Women in Business initiative at ...

IBM said the initiative will provide a range of programmes from basic IT literacy to advanced IT skills including social ...

Godwin Emefiele said a vibrant domestic biofuel industry will provide alternative clean fuel for the country, curtail the ...

Abubakar Jimoh said the new corporate brand was designed to communicate Coronation’s vision to become Africa’s ...

Last week, a government delegation led by Kemi Adeosun attended roadshows in London and the United States to generate ...

The seven-year bond was issued by way of book-building and has a coupon rate of 17.25 per cent.

Unease in equity markets over geopolitical uncertainties fuels gold price rally. 

Chadian Foreign Minister Moussa Faki Mahamat has succeeded South African Nkosazana Dlamini-Zuma as Chairperson of the ...

The Abidjan-based multilateral lender said it approved the risk participations through the African Development Fund.

The OPEC agenda remains to push up prices that persist at half their mid-2014 level and moderate the supply glut created by ...

Outgoing president of the Harvard Law Review, Michael L. Zuckerman, says he is excited to see where Umana will take the ...

Azuri Technologies said the initial deployment of its PayGo Solar Home systems to 20,000 households is expected to create ...

FCMB provides trade finance support, such as direct export financing, refinancing and rediscounting of sales ...

Following David-Borha’s appointment, the Board of Directors of Stanbic IBTC Holdings appointed Yinka Sanni as its new ...

BudgIT played an instrumental role in persuading the Nigerian government to join the Open Government Partnership last year.

AFC said the Sukuk issuance would help to diversify the organization’s funding sources as it seeks to promote ...

The CBN’s Monetary Policy Committee voted unanimously to retain the benchmark interest rate at 14 per cent in a bid ...

Guinness Nigeria said it is now in a position to raise up to N40 billion as fresh cash injection into its business ...

Olagunju said the growth of the MSME sector in Nigeria has been hampered over the years by a combination of factors, one of ...

Ademola Adebise is a former Executive Director in charge of Wema Bbank’s Corporate & South Directorate.

NOW Money was selected as the winner on account of its record of improving the lives of 26 million low-income migrant ...

The Franco-African Investment Fund aims to accelerate the growth of both African and French SMEs with development projects ...

The 2017 Relocation Price Index reveals the cost of moving to some of the most in-demand cities globally.

InfraCredit will provide credit guarantees to enhance the quality of local currency debt instruments issued by eligible ...

The truck assembly plant, located in Ikeja, has a capacity to produce 10,000 trucks annually.

Wale Shonibare has been appointment as Director for Energy Financial Solutions, Policy and Regulation at AfDB.

NNPC is proposing that under a new PSC royalty regime, the calculation of what is due to government shall be based on ...

The bank has applied for an operational licence from the Central Bank of Nigeria.

AfDB president urged Governor Tambuwal to mobilize neighbouring states to support the proposed agro-industrial zone.

The French payments technology provider said the strategic agreement will help Interswitch to deliver faster and secure ...

With the commencement of the CCT, the federal government said it is now implementing all four of its flagship social ...

Keynote speakers at previous annual editions of the conference include Yannis Varoufakis, former Minister of Finance of ...

The UN Special Rapporteur said the government should consider alternative solutions including increasing the effectiveness ...

The European Commission said the financing will focus on supporting Kenya’s smallholder agriculture in areas such as ...

“The macroeconomic situation in Nigeria is the determining factor,” Elegbe said.

Fayemi also said that the federal government was planning to raise a $600 million investment fund for the mining sector in ...

Ms. Mohammed will resume her new role as Deputy Secretary-General of the UN in March 2017.

The Sankofa Gas Project is expected to generate $2.3 billion annnually for the Ghanaian government apart from ...

The president said the 2017 budget of N7.298 trillion is 20.4 per cent higher than the 2016 budget.

President of the AfDB said the ADF will continue to play a significant role in building resilience for the economies of low ...

The government said PNDES 2016-2020 is a programme for economic and social development of Burkina Faso.

Dangote Cement operates the largest factory in Tanzania, with a total production capacity of three million metric tonnes.

The loan facility agreement was signed with the Egyptian General Petroleum Company (EGPC) to support expansion of ...

The Trans-African Pipeline is designed to support the creation of industrial hubs that attract foreign investment - ...

Recurrent expenditure will rise by 9.43 percent to N2.9 trillion in 2017 from N2.65 trillion this year.

At IFAD Nigeria, Ms. Toda is credited for setting up and leading the Agriculture Sector Donor Working Group, which has ...

UBA said it will use the facility to scale up lending to female entrepreneurs and SMEs across various sectors such as ...

DFS Lab said it awarded over $400,000 to Malako of Uganda, Credit Fix of Pakistan, Yooz of India, and SERV’D of ...

The Nigerian winners are Bukola Bolarinwa, a 28-year-old from Lagos; and 26-year-old Nasir Yammama from Abuja.

By substituting peat for diesel in the power generation mix, the proposed project is expected to reduce Rwanda’s ...

Nigeria ranks 70th out of a group of 85 countries, globally, and 13th out a group of 25 African countries.

The company said pre-tax profit rose to N14.2 billion from N2.6 billion posted in a similar period of last year.

Tiger Brands reported that its profit rose by 19 per cent for the full year ended September 30, 2016.

Despite the challenging environment in Nigeria, Seven Energy said its gas business continues to thrive as it delivers more ...

Shell said the Fund provides support for contractors to enable them finance projects executed for Shell Companies in ...

The IFC said the scorecard will bolster investor confidence and foreign investments in Africa’s largest economy.

Forte Oil said the five-year bond is the first tranche of a proposed N50 billion bond issuance programme.

TriLinc invests in SMEs through experienced local market sub-advisors.

The bank went live with an ambitious 'Big Bang Approach' across all its 185 branches simultaneously, allowing the whole ...

TIDE Africa Fund invests exclusively in technology-driven services and innovation in Sub-Saharan Africa.

Oscar Ekponimo is among 10 winners of the Rolex Awards for Enterprise 2016, the 40th anniversary year of the programme.

Ngozi Okonjo-Iweala said ARC stands by to support Malawi and to continue to help the country develop a comprehensive and ...

The a four-year programme will train experts on trade policy and negotiations, trade finance and logistics, small business ...

GSM subscribers stood at 152.84 million in September.

The French government will provide a €6 million grant to help set up the Delivery Unit of the Initiative to be hosted ...

Governor El-Rufai, who served as minister of Federal Capital Territory between July 2003 and May 2007, said work will begin ...

The signing of the agreement is very significant because it is the first gas-to-power guarantee that the World Bank has ...

WorldRemit said its customers can send instant overseas money transfers to over 2.6 million registered MTN Mobile Money ...

Excluding revenue from discontinued operations (assets sold), Oando said its revenue rose 69 percent to N227.85 billion ...

The Women in STEM Awards is an initiative of the Meera Kaul Foundation, established by entrepreneur and tech investor, ...

The bank said its revenue rose by 12 per cent to N93.43 billion.

Rob Shuter who was due to resume in July next year will now join MTN Group on March 13, 2017.

The bank's after-tax profit rose to N119.93 billion in the first nine months of this year.

Dangote Industries aims to deploy Twister’s technology to design and build gas plants.

The Abraaj Group said the fertilizer industry is expected to experience long-term demand growth as increases in populations ...

The new loan was drawn from EIB’s new dedicated Nigeria Private Enterprise Investment Facility, which aims to provide ...

The first institutional investor to be signed under the MCCP Infrastructure is Allianz, which plans to invest $500 million.

The sharp rise in United Capital’s profit resulted mainly from the gains the company recorded from the sale of its 50 ...

Africa’s second largest economy was ranked 36th out of 54 countries in overall governance in the 2016 Ibrahim Index ...

The IMF’s total disbursement to Ghana under the Extended Credit Facility has reached $464.6 million.

Stephen Simiyu won the Grand Prize of $2,000 for his photograph of a fisherman using a laptop in a canoe on Lake Victoria ...

Interswitch said the acquisition of Vanso is the latest in a series of strategic integrations designed to improve its ...

Access Bank has kicked-off an investor roadshow to raise $1 billion under its Global Medium Term Note Programme.

The financing will support purchases of new machinery that will enable PNL to increase efficiency, expand production and ...

Dangote said he plans to complete some ongoing billion-dollar projects before undertaking to buy the London-based club.

The PAC-DBIA was created in 2014, as part of an Executive Order signed by President Barack Obama, to promote broad-based ...

Acting Director General of NITDA said efforts need to be put in place, in conjunction with the Office for Nigeria ...

The transaction is worth $115.8 million.

The AfDB said the bond, which is due on September 20, 2019, has a coupon rate of 1.25 percent and a spread of mid-swaps ...

Selassie recently oversaw the IMF’s effort to assist the three Ebola-stricken countries: Guinea, Liberia, and Sierra ...

Cloud adoption in Africa is growing at a rapid pace as organizations now realize that cloud offers them speed, value and ...

Dr. Nwanze is a model for how a great leader can make a difference in the lives of people on the ground, said former ...

The American technology company said Faulkner will succeed Taiwo Otiti, who has served as Country General Manager since ...

Quantum Global said Ncube’s appointment is part of its “Africa for Africa” plan to recruit finance ...

Moody's said it views the recent devaluation of the naira as credit positive since the new system will improve dollar ...

Dharnesh Gordhon said Nestle Nigeria has doubled its exports to other African markets in the past 12 months due mainly to ...

Although basic earnings per share remained unchanged at 94 kobo per share from last year, UBA has declared an interim ...

We must acknowledge that it will be a rough two years in Nigeria, but we can and should help create the policy response to ...

The expansion is designed to make MStore the largest mobile and electronics retailer in Africa, creating over 5,000 ...

While in Abuja, Kerry will meet with Northern governors and religious leaders as well as a group of adolescent girls ...

Marlon Chigwende is reportedly leaving Carlyle Group to set up his own private equity fund to pursue investment ...

The bond has a coupon rate of 18.25 percent and tenor of 5 years.

Dr. Kayode Fayemi said the investment plan is part of the government’s economic diversification agenda.

The President/CEO of Beloxxi Industries Limited said the expansion of the company's capacity will make it the largest ...

Uche Orji said both parties have agreed an initial commitment of $100 million for the real estate fund and $50 million for ...

The government is upgrading the Lokichar Road and the Kainuk Bridge to allow bigger trucks to transport crude oil to ...

MainOne’s MDXi is reportedly the largest data centre in West Africa with the ability to deploy cloud services for ...

Ghana’s CPI fell for the second consecutive month in July to 16.7 per cent, compared with 18.4 per cent in the ...

The SPV service is designed for key business customers and those who need to travel urgently.

Sterling Bank said it has concluded plans to raise N35 billion in tier two capital.

The key ambition for Arise is to build African financial firms that will serve clients who have not previously had access ...

Ismail Ahmed, Founder and CEO of WorldRemit, said the move is hugely detrimental to the Nigerian diaspora.

Anu hopes to further her studies by embarking on a PhD in Law and her husband is studying in Bradford at LIFE Church ...

The company's after-tax profit, however, fell 15.1 per cent to N103.4 billion in the first half of 2016.

The deal will allow both institutions to work together on a programme to provide capacity for light manufacturing and ...

The IMF has also cut Nigeria’s GDP growth forecast for next year from 3.5 per cent to 1.1 per cent.

The Uber driver's tax guidance was developed in partnership with the Federal Inland Revenue Service (FIRS) and the Lagos ...

According to UNCTAD Secretary General, Mukhisa Kituyi, UNCTAD14 is expected to witness more than $14 billion deals.

Herbert Wigwe, CEO of Access Bank, said the bank’s strategic goal of becoming 'The World’s Most Respected ...

May said she will champion the cause of the poor, women, youths, the working-class residents of Britain as well as those ...

Dr. Akinwumi Adesina said strengthening and deepening Africa’s financial markets is a powerful tool to mobilize ...

Among the top 10 ad spenders in 2015 were MTN (N4.7billion), Airtel (N4.1billion), Etisalat (N3.7billion), and Globacom ...

The port terminal will serve as a platform for direct exports of fertilizer to foreign markets.

The move comes days after Atlas Mara completed the acquisition of 100 percent stake in FBZ for $61 million in cash and 3.3 ...

The projects will potentially add 70 megawatts of renewable energy to Ghana’s grid and provide electricity to 140,000 ...

Scotland and Northern Ireland voted to remain in the EU, while England and Wales voted strongly for Brexit.

NEXIM Bank said improved export financing for exporters will enable them to upscale and expand their businesses and improve ...

Dangote has fallen 34 places to No. 80 on the Bloomberg Billionaires Index.

The Smart City Lagos will be located in the Ibeju-Lekki axis. It will have a 12-lane road, hotel resorts, world-class ...

MTN said the appointment follows the successful resolution of the fine imposed on the company by Nigerian authorities.

Zuckerberg said he and his wife invested in Andela to help find and train top tech talents in Africa.

The first beneficiaries of the e-passports are AU Heads of State and Government; Ministers of Foreign Affairs; and ...

The acquisition of South African Toll Road Company by the AFC has received the approval of SA's Competition Commission.

NNPC said it has so far paid N933.12 billion into the Federation Account between March 2015 and April 2016.

Afreximbank said Dangote Group completed the process of acquiring equity stake in the Bank on May 30, 2016, with a ...

Sayeh and her team contributed to the reform of IMF’s concessional lending facilities and debt limits policy.

MainOne's SME-in-a-Box provides a combination of high-speed internet, fixed voice, and cloud solutions for SMEs.

The facility is part of a strategic debt restructuring plan to enhance profitability.

Seplat said its gas revenue increased by 185 percent year-on-year to $77 million in 2015.

The Abidjan meeting will provide an opportunity for stakeholders, including public authorities, the sport movement, and ...

OPEC, which consists of 13 member countries and accounts for about 35 percent of the world’s oil production, said its ...

Dominic Lowndes, Managing Director of TMT Finance, said Lagos has become a critical hub for investment in telecoms ...

When completed, the 4th Mainland Bridge will be the longest bridge in Africa, surpassing the 6th October Bridge (20.5 km) ...

The Central Bank of Nigeria retained benchmark interest rate at 12 percent.

The World Bank and IMF have growth forecasts of 3.3 percent and 3 percent, respectively, for sub-Saharan African economies ...

Professor Steve Hanke said without “a major currency reform” the weakness of Nigeria’s naira will not end ...

Dipo Fatokun provided an update on the successful implementation of the Real-Time Gross Settlements in Nigeria.

Awani's primary responsibility is to assist Afreximbank implement its strategy to increase industrialization and ...

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, said government will today begin disbursement of the ...

The Open Contracting Data Standard will promote greater transparency in public contracting systems.

President Hollande will arrive Abuja on Friday to join other participants, including the presidents of Cameroon, Niger ...

Lagos State’s Internally Generated Revenue rose to N76.06 billion in first quarter of 2016.

"This budget is a budget of faith for the Nigerian people." - President Muhammadu Buhari.

Mr. Awolowo said the Zero Oil plan proposes quantum increments to production outputs for 11 products cutting across solid ...

Angélique Kidjo shares the award with activist groups Y’en a marre (Senegal), le Balai Citoyen (Burkina Faso) ...

The programme is initially focused on sub-Saharan Africa, with a view to expanding to other regions.

Seplat's gas production jumped 113 percent to 100.7 MMscfd in the first quarter.

The intervention funds are commitments made in respect of Commercial Agricultural Credit Guarantee Scheme, Power and ...

The restructuring agreement accelerates repayment terms and will generate savings of more than N40 billion for the ...

The company said total income rose 14 percent to $205.2 million in 2015.

The Saudi Vision 2030 programme plans to raise non-oil revenue from 163.5 billion riyals ($43.6 billion) in 2015 to 1 ...

- According to the Wall Street Journal, Carlyle and Atlas Merchant Capital are jointly raising funds to acquire ...

Access Bank reported N19.4 billion in after-tax profit in Q1 2016.

The company's gross revenues also rose 44.8 percent to N32.6 billion in Q1 2016.

NSIA is pursuing its healthcare investment programme, which involves the construction of five medical diagnostic centres ...

Heritage Bank's gross earnings reached N24.17 billion last year.

Emeka Enuwa said Union Bank will provide agricultural finance to rural farmers.

The Chinese government has promised to fully support Nigeria through infrastructural development and capacity building.

A report by FSDH Merchant Bank Limited says Nigeria’s oil production rose 2.97 percent to 2.14 million barrels per ...

United Capital's gross revenues rose 29.6 percent to N1.86 billion in the first quarter of 2016.

The World Bank has lowered its 2016 growth forecast for sub-Saharan Africa to 3.3 percent.

NPLs in the banking system rose sharply by 78 percent year-on-year to N649.63 billion in 2015.

The report ranks ECOWAS as the second most integrated region in Africa.  

The NRA 2016 will hold on April 7th, at the Four Points by Sheraton Hotel, in Victoria Island, Lagos.

A two-day International Conference on Sustainable Finance will be held from the 14th to 15th of July 2016 in Karlsruhe, ...

Ntel is positioning itself to be a leading provider of high-speed data, high-definition voice, and video services to its ...

NSIA's total comprehensive income rose 40.15 percent from N15.77 billion in 2014 to N26.36 billion in 2015. 

The bank will discuss the proposed debt sale during its upcoming annual general meeting on April 27.

Oramah said the programme will focus on development of industrial parks and special economic zones, light manufacturing, ...

The IMF said recovery in economic activity is likely to be modest over the medium term, but with significant downside ...

Mujila was presented with a £15,000 cheque, an engraved Montblanc pen and an iPhone 6S.

IFC said the five-year bond is aimed at deepening Namibia’s capital market and promoting private sector investment in ...

With the return of SAT-3, Ntel re-enters Nigeria’s competitive submarine communications market currently dominated by ...

The group consists of African business leaders and policymakers who will explore initiatives to boost African capital ...

The Senate approved N6.06 trillion for 2015, which is lower than the N6.08 trillion submitted by President Buhari.

The CBN raised interest rates in order to ease inflationary pressures.

Interswitch was recognized as the most efficient payment processor, most efficient Payment Terminal Service Provider and ...

The company’s total assets also rose 34 percent to N144.11 billion in 2015.

Djembe Communications, in partnership with the African Innovation Foundation and How We Made It in Africa, will highlight ...

Access Bank’s gross earnings rose 27 percent to N337.4 billion in 2015, from N245.38 billion in 2014.

The tomato processing plant will produce over 400,000 tonnes of tomato paste annually.

Dr. Newman called on women to be good ambassadors of the gender. 

Zenith Bank’s total assets rose 6.3 percent to N4.01 trillion in 2015.

Countries which saw large increases in card usage also saw larger contributions to overall growth in their economies.

GT Bank has declared a final dividend of N1.52 per share for 2015 full year (adding an interim dividend of N0.25 per share, ...

Diamond Bank said earnings will be lower because of Nigeria’s challenging macroeconomic environment.

IHS will acquire HTN’s portfolio of 1,211 towers spread across 34 states in Nigeria.

Power generation dropped from 5,074MW peak generation reported on February 2, 2016, to 3,659.74 on March 2, and has further ...

CBN extended the deadline for BVN enrollment for non-resident Nigerian bank customers to 30th June 2016.

Nigeria’s current debt-to-GDP ratio is 11.5 percent.

Dangote also said his company is constructing an undersea gas pipeline to link Nigeria's oil-producing Delta region to West ...

The Network International is growing its revenues by reportedly acquiring other rivals, including Nigeria-based ...

In Nigeria sales are declining in both value and units as consumers face a combination of wallet pressures.

Uzoka's appointment is effective August 1, 2016.

Nigeria has some of the largest gas reserves in the world. But gas production is low.

NDEP plans to use the additional capital to expand its operations in Nigeria and also invest in other assets across Africa.

The company’s net profit rose 12 percent to N181.32 billion in 2015, compared with N159.5 billion recorded in 2014.

Both traditional insurance and the new generation of alternative risk transfer solutions can be used to find the right ...

Pivoting on oil diplomacy would appear to be of limited value, especially for OPEC member countries without significant ...

Oscar Onyema has served as NSE’s CEO since April 2011. His initial five-year contract expires on March 31, 2016.

King Mohammed VI has launched numerous infrastructure projects in Laâyoune and Dakhla.

Bua Group may be seeking to diversify revenues by expanding its operations across Africa.

He acknowledged that these are extraordinary times for Nigeria as a country, for its citizens, and for the government.

John Rwangombwa said GDP growth may slowdown to 6.3 percent this year from an estimated 7 percent last year.

The campaign will give risk managers in Africa a heads up on leading risks on the continent ahead of the Africa CEO Forum.

Compared with the sedentary experience of driving a car, public transport plays a central role in encouraging more active ...

The Bank of Botswana said it retained its Bank Rate at 6 percent as inflation poses no threat to price stability.

Samuel Ashitey Adjei is credited with transforming Ecobank Ghana into the most profitable subsidiary in the Group.

In December last year, Sterling Bank’s CEO reportedly said the bank is open to merger or acquisition talks.

The agreement allows the Japanese government to extend an $11 million grant (N2.2 billion) to upgrade two power substations ...

Rohan Malik identified five sectors in Nigeria that have huge opportunities and are attracting global investor interest.

GTBank said it would utilize its available dollar liquidity to repurchase the securities ahead of the scheduled maturity in ...

The stock of U.S. dollar-denominated debt of non-banks outside the U.S. is an important gauge of global liquidity.

The AFC has reportedly asked the Bank of Tokyo-Mitsubishi UFJ, Citibank, Emirates NBD, JP Morgan and Standard Chartered to ...

An analysis by Financial Nigeria of the country's debt stock shows that between January last year and June 30, the ...

TBCG said revenues grew slightly by 0.06 percent in Q1 2015 to N10.672 billion.

Forte Oil said its cost of sales declined by 30 percent year-on-year in 2015.

IFC said its investment would help CHL acquire and operate a chain of high-quality hospitals across sub-Saharan Africa.

In order to combat soaring inflation, the BoG raised its benchmark interest rate three times last year.

Emefiele rebuffed calls to devalue the naira.

Despite weaker oil revenues, Seplat said it achieved notable growth in its gas business.

“The CBN is not oblivious of the impact of declining crude prices, operation of the Treasury Single Account, and ...

Justice Mohammed Idris of the Federal High Court, Lagos, adjourned the suit to March 18th to enable both parties reach an ...

The nomination period opens today and will close on February 10. The IMF’s objective is to complete the selection ...

IMF Counsellor, Maury Obstfeld, presents the conclusions of the institution’s 2016 World Economic Outlook update.

Managing Director of NEXIM Bank, Roberts Orya, said the federal government's target is to earn an additional $2 billion ...

IFC approved a $10 million to Ecobank Chad to boost lending to small and medium enterprises. 

Carney said cost pressures are weaker in the U.K. than in the U.S. and that the U.K. is more exposed to global currents in ...

The Ivorian sukuk issuance won two awards, Sukuk Deal of the Year (2015) and Africa Deal of the Year (2015).

The NSE CEO emphasized that the bourse is committed to being a credible platform for financing the Nigerian economy in ...

Fashola said the agenda for enhancing power supply would entail continuous engagement on a number of issues including ...

Dangote petrochemical refinery is considered to be the single largest refinery in the world, capable of processing 650,000 ...

The submarine fibre cable will enable the south-south region of Nigeria as well as Cameroon to open frontiers for ...

The RBSA has been trying to bolster its reserves as lower commodity prices, weak economic growth, and rising interests ...

Hygeia is currently expanding capacity at existing hospitals.

Donald Kaberuka has joined CGD as a Distinguished Visiting Fellow.

Umaru Ibrahim was made substantive Managing Director / CEO of NDIC on December 8th, 2010.

Nigerians have created a large and diversified economy that has grown by about 7 per cent a year over the last decade.

Christine Lagarde is currently on a six-day visit to Nigeria and Cameroon. 

The syndicated loan will serve as Orion’s crude prepayment facility to Société Nationale de ...

Emefiele appointed Aliyu Abbati Abdulhameed as NIRSAL’s substantive Managing Director and Babajide Arowosafe as ...

Remittances to Nigeria rose every year over the last decade from $16.93 billion in 2006 to $20.83 billion in 2014.

Abraaj, through one of its Funds, invested in Unimed in 2011.

The NERC said the new tariff regime will encourage distribution companies to increase the amount and quality of electricity ...

Randgold had agreed to fund the redevelopment of AngloGold Ashanti’s Ghanaian mine, which has about 5 million ounces ...

The move is part of a strategy to have a physical presence in all the key regions of the continent.

NNPC also awarded contracts to foreign companies, including global oil trading houses – Trafigura, Mercuria and ...

Limak Cement Group has 10 cement factories in Turkey and is building cement factories in Mozambique and Ivory Coast, which ...

MTN paid $124 million to renew its operating license in Ivory Coast, where it has 8 million subscribers, for 17 years.

The financing programme – called the Counter-Cyclical Trade Liquidity Programme – allows Afreximbank to provide ...

In 2012, Dangote sold a 65 percent stake in his eponymous flour business to Tiger Brands for $200 million.

Dow Chemical CEO Andrew Liveris will become executive chairman of the new entity, while DuPont CEO Edward Breen will become ...

Deputy Senate President, Ike Ekweremadu (PDP, Enugu), asked the Senate to consider reviewing the oil benchmark to $40 for ...

Sub-Saharan banks are more vulnerable to rising credit risks due to their increased fiscal challenges and weaker risk ...

Union Bank said the donation is part of its corporate social responsibility programme.

Fowler is the first substantive Chairman of FIRS since the departure of Ifueko Omogui-Okauru in 2012.

Udoma said the FEC has not decided whether or not to retain the fuel subsidies in 2016.

The three Nigerians are 23-year-old Olanrewaju Adeloye from Lagos State, 23-year-old Imrana Alhaji Buba from Yobe State, ...

Carlyle’s Sub-Saharan Africa Fund manages some $698 million and has invested in four companies to date.

Currently, financial transactions in yuan cannot be settled in the United States; such transactions are handled by overseas ...

Amid worries about slowing GDP growth and government’s hint at fiscal expansion next year, the lack of information ...

Now in its third year, the ACGI maps African cities’ economic outlook according to their potential for inclusive ...

MTN announced that the CEO of its Nigerian unit, Michael Ikpoki, and the head of Regulatory and Corporate Affairs, Akinwale ...

Janet Yellen has shown strong indication that short-term interest rates would rise in December for the first time since ...

President Buhari asked the Senate in November to approve a supplementary budget to settle outstanding fuel subsidy claims.

The ASI declined by 0.84 percent at the end of trading on Monday to close at 27,385.69 points, the lowest since December ...

Transcrop announced on Sunday that it had successfully merged Transcorp Ughelli Power Limited and Ughelli Power Plc.

Electronic filing continues to have a significant impact in easing the burden of tax administration.

Emefiele said the measures became necessary as a result of weak macroeconomic environment and the risk of a recession.

Abraaj invested in Saham in 2012 through two of its Funds.

The Nigerian Sovereign Investment Authority was created in 2011 with a seed capital of $1 billion.

Miyazuki said Japanese companies are keen on expanding their investments in Nigeria, now Africa’s largest economy.

A partial breakdown of the supplementary budget proposal shows that N413 billion will be used to settle subsidy claims, N39 ...

Oando also announced that it would seek shareholder approval to divest from its businesses in gas, power, energy services, ...

Mr. Dangote quit Dangote Flour along with three other directors.

NEXIM Bank’s funding has created 4,302 direct and indirect jobs in addition to foreign direct investment of $80,142, ...

The summit will be held in Johannesburg on December 4-5.

The conference will focus on how Nigeria’s sovereign credit is affected by lower oil prices.

The president appointed Babatunde Fashola, former governor of Lagos State, as the new Minister of Power, Works and Housing.

South Africa has restricted imports of U.S. poultry imports for 15 years, beef imports for 12 years and pork for the past ...

Apart from the U.S. and E.U., other countries that expressed their concerns during the WTO's Council for Trade in Goods on ...

Moody’s said Access bank’s high capital levels will boost its resilience in the face of weaker Nigerian ...

The solar power plant will generate 82,500 megawatt hours of clean electricity, enough to meet the daytime requirement of ...

Sifiso Dabengwa resigned with immediate effect as the telecoms firm continues its negotiations with the Nigerian telecoms ...

The Paris-based think tank projects a gradual strengthening of global growth in 2016 and 2017 to an annual 3.3% and 3.6%, ...

Under the partnership, Globacom becomes Vodafone's exclusive partner in Nigeria and Republic of Benin.

The stock exchange says it is reviewing the delayed filings of Oando’s audited financial statements.

Liberia’s economy has been dragged down by the Ebola epidemic and declining global commodity price.

The CBN accused the FRCN of not following due process as laid down in the FRC Act.

The solution automates processes such as payroll, hiring, on-boarding and talent retention.

The investment is expected to have significant development impact on Nigeria’s emerging power sector.

Wale Tinubu said his company suffered several challenges including lower oil prices, weakening naira and rising interest ...

India’s new offer includes a grant assistance of $600 million and an India-Africa Development Fund of $100 million.

The project is expected to be due in eight years and could gulp up to $2.21 billion.

The debt has a Ba2 rating from Moody’s and B+ from Standard & Poor’s and Fitch.

The telecoms firm cut its forecast of additional subscribers this year by 12 percent to 14.8 million.

GTBank’s interest income rose by 16.7 percent year-on-year to N173 billion in the nine months from N148.2 billion in ...

RMB received a total of US$38.7 million or 12.6% share of the total fee pool between January and September 2015.

The nation’s total public debt rose to N13.15 trillion as at October 17, up from N12.11 trillion on June 30.

Ghana stopped paying for Nigerian gas in August 2014 due to declining revenues.

Ecobank Nigeria will use irrevocable US dollar denominated letters of credit for the import of eligible agricultural ...

Rand Merchant Bank (RMB) and Chapel Hill Denham (CHD) are the selected financial advisers.

Emefiele told Bloomberg: "I think it [capital control] is working and I think you should be patient with us."

Overall, growth in the region is projected to pick up to 4.4 percent in 2016, and further strengthen to 4.8 percent in ...

This list of nominees, which had been speculated in the media before the official announcement by the senate, is considered ...

'Russia is ready to participate in discussing the situation emerging in the oil and gas markets.'

Strengthening Ghana's airport infrastructure will boost the coutnry's economy.

He reiterated his determination to sanitize Nigeria’s oil industry and mentioned this as the major reason for ...

The law has enhanced the local capacity development initiatives of some multinationals.

Reporta is available in six languages -- Arabic, English, French, Hebrew, Spanish, and Turkish – and on iPhone and ...

Volatility and disruptions are particularly likely in a global economy that is adjusting to weakening growth prospects, ...

Some 1,000 megawatts of energy is needed to smoothly run Benin’s economy, which currently depends on Nigeria and ...

The 2015 financing figure is a 20 percent increase over $3.0 billion committed in the previous year.

Nigeria’s entertainment and media market grew by 19.3% in 2014 to reach US$4 billion.

Mitsui is contributing the single largest investment of $50 million in the new investment in Afrimax.

Kellogg Company has agreed to pay approximately $450 million for a 50 percent stake in Multipro and the option to purchase ...

The aim is to make businesses more attractive to investors, improve employment opportunities, and contribute to economic ...

"The expulsion is an embarrassment to the economic reputation of the Nigerian government, given that its index inclusion ...

The $300 million loan will be used to support private sector operations in Africa.

The total value of the transaction at the intended offer price is approximately N41.3 billion.

The event will focus on entrenching sustainable pension systems across the continent with particular emphasis on channeling ...

The Second Niger Bridge project, is a collaboration between the NSIA, through its wholly-owned subsidiary, NSIA Motorways ...

MDX-i Cloud Services deliver a solution tailored to meet the needs of enterprise customers in West Africa.

UBA, a Nigerian Pan-African financial services group, also declared an interim dividend of 20 kobo per share.

The USDA Foreign Agricultural Service's Food for Progress Program helps developing countries and emerging democracies ...

Israeli military action and economic blockade have rendered the coastal strip unfit for civilian life, report says.

Dr. Adesina, who assumed office today, advised that African nations should set up sovereign wealth funds to provide fiscal ...

Despite price shocks in the mining industry in 2014, South Africa remained the top destination in Africa for FDI and was ...

Fifty percent of Africa's population is projected to live in urban areas by 2020, according to the report.

Actis focuses exclusively on investments in emerging markets across Africa, Asia and Latin America.

The agreement involves the delivery of GDS’s Decision Engine platform solution by RenMoney for credit evaluation.

A new report argues that corporate tax incentives are not necessary to attract foreign direct investment.

Indeed, lifting sanctions related to Iran’s nuclear programme will have a significant impact on the world oil market, ...

The ratings are underpinned by strong support from AfDB's shareholders and by the bank's intrinsic strengths, in particular ...

Zenith Bank posted N72.2 billion ($363 million) in pre-tax profit, representing 24.8 per cent increase over half year 2014 ...

Half the 10 worst-performing currencies this year are from Africa, even though policymakers are burning through their ...

African modernisation programmes and procurement initiatives are collectively valued at up to $20 billion over the next ...

Test results showed the instant noodles contain "unsafe and hazardous" amounts of lead.

Recent data has shown China's falling exports and a slowing manufacturing sector.

The Ranger will be assembled in Ikeja, in Lagos State, and will create about 180 jobs

The new equity capital will help Skye Bank prepare as Nigeria adopts stricter international requirements.

U.S. inflation was just 0.3% in June, in the measure most closely watched by the Fed, well below the Fed's longer-term 2% ...

Payment of government funds into the Treasury Single Account is a measure to promote transparency.

Approval of U.S. leadership remains high despite declines; Kenya's approval of U.S. dips, while its approval of China ...

Under the terms of the agreement, OPIC will provide $200 million in long-term debt and Atlas Mara is providing $100 million ...

The telco's growth was driven by its GSM network and a steady Internet penetration from residential and business segments.

The company, which is targeting mostly corporate clients in East and West Africa, plans to spend between 5 billion rand ...

The legislation is supported by The ONE Campaign, an advocacy organization of nearly seven million people taking action to ...

The early repayment is an effort by MTN to reduce its exposure to currency risk, as the naira has been weakening against ...

Dangote Cement has a total production capacity of over 20 million metric tonnes from its Nigeria operations.

Mr. Kachikwu, who holds a Masters degree and a doctorate from Harvard, was the Executive Vice Chairman and General Counsel ...

Moody’s said much of the ratings were informed by solid asset quality metrics, underpinned by tangible improvements ...

The goals aim, by 2030, to eradicate extreme poverty, promote prosperity and people's well-being, while protecting the ...

The full text of Tuesday's remarks, provided by the U.S. Embassy, follows below:

Ms. Oteh exited her position as DG of SEC in January 2015,

The facility is 60 per cent of the N420bn CBN credit facility for SMEs in the country.

The Bank is cautiously optimistic stating that prices would still be nowhere near 2014 levels.

Issuance of infrastructure bonds is one of the alternative financing solutions which support investments in infrastructure ...

Yet again, the Troika shall let the Greek government labour under un-payable debt and when, as a result, the program fails, ...

World leaders are meeting this week to discuss and adopt the Addis Ababa Action Agenda.

Macro imbalances and dollar strength place overvalued SSA currencies at risk of sizeable depreciations.

This facility will help Sucden CI to expand its pre-financing arrangements with cooperatives and local suppliers in the ...

In Africa alone, the number of countries setting up social safety net programmes has doubled over the past three years.

AfricInvest Fund III will generate significant positive development results such as job creation and tax revenues.

"I think if we have Nigeria, Ghana and Ivory Coast, we have probably covered 60 to 75 percent of the market,” Funke ...

Muted economic growth has implications for slowdown in corporate earnings and consequently a negative impact on equities.

The company has approached the major international ratings companies and is looking to sell the $2 billion worth of bonds ...

ther borrowings by Fidelity Bank include a $300 million debut Eurobond, which amounted to N90.73 billion as at December ...

BOI’s National Ratings are sensitive to any change in Fitch’s opinion of BOI’s creditworthiness relative ...

DHL plans to invest millions of dollars in various parts of Africa to tap the growing opportunities on the continent.

According to CDC, the value of assets in its portfolio grew from £2.9 billion in 2013 to £3.4 billion in 2014.

Leading with 7,250 rooms in its pipeline, spread over 29 new properties, Hilton is followed by Carlson Rezidor and Marriott ...

GE Oil & Gas has continued to seek to increase the competitiveness of the solutions for the Nigerian oil & gas ...

With Africa experiencing an e-Commerce revolution, more and more African consumers are looking for ways to protect ...

Nigeria has emerged as one of the hardest hit in the escalating duel between U.S. and OPEC over oil market share.

Africa Energy Forum 2015 to bring together over 456 companies registered across 63 countries.

Ambassador Habib Baba Habu, Consul General, Consulate General of Nigeria, New York, speaking at the Nigeria Development and ...

Nigeria's Akinwumi Adesina emerges AfDB President

Donald Kaberuka, former Rwandan Finance Minister to bow out after two terms of sterling performance as President of African ...