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CBN pumps $482.6 million into the forex market
Retail SMIS receives $286 million, Wholesale segment $100 million, SMEs $52 million, and BTA/PTA $45 million.
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Ghana, 12 other African countries sign agriculture deal with India
The thirteen African countries and India signed various partnership agreements to enhance the supply of agricultural machinery, ...
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Senate passes the governance bill of petroleum industry reform
The Petroleum Industry Governance Bill seeks to reform the country’s oil and gas industry.
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Nigeria’s foreign capital imports drop by 41% to $908.27 million
On a year-on-year basis, the value of capital imported in Q1 2017 rose by 21.75 percent compared to Q1 2016.
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Cameroon disrupts event on release of students jailed for Boko Haram hoax
Amnesty said the aim of the press conference was to present more than 310,000 petitions signed by people around the world, ...
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Newrest ASL Nigeria grows revenue by 15.7 percent to N1.34 billion
Newrest ASL Nigeria said its oil and gas catering services and its Lagos airport operations boosted revenues during the period ...
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Over 2 billion smart payment cards shipped in 2016 by SPA members
Contactless card shipments account for more than 50% of shipments in most regions.
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Fitch assigns ‘speculative grade’ rating to UBA’s $500mn Eurobond
Fitch Ratings said its rating action is in line with UBA’s long-term foreign currency issuer default rating of 'B'.
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Nigeria’s output growth remains negative in Q1 2017 on high inflation
Inflation averaged 17.92 percent in Q1, 2017, soaking in the expansion in nominal GDP.
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Sub-Saharan Africa’s recovery from FX scarcity to take time – Moody’s
Moody’s said banks in Nigeria, Angola, and DRC remain the most affected by FX shortages due to their economies’ high ...
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Medview Airline dismisses reports of EU ban, says London flights unaffected
But Medview Airline said its flights to London are not affected by the ban as it continues to operate its ...
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NSE’s All Share Index depreciates by 0.28 per cent
On a year-to-date basis, the value of the index has increased by 4.61 per cent.
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Naspers mulls sale of Multichoice as viewers switch to online alternatives
Naspers and MTN Group are reportedly in talks on a deal for Multichoice Africa, although no agreement has been reached.
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General Electric set to launch service plant for gas turbines in Nigeria
GE Nigeria's CEO said the service plant is designed to be a multi-modal facility that will support clients in the power, and oil ...
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Cape Town wins global award for integrated public transport system
UITP said the effective implementation of Cape Town's plan would result in a 20% improvement in public transport mode share by ...
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Orange launches brand in Liberia as it expands presence in West Africa
Orange Liberia is the leading mobile operator in the West African country, with over 1.6 million customers.
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NNPC reopens Kano depot to boost product supply in northern states
The NNPC said the recommissioning of Kano Depot came after the Corporation reopened other facilities such as the Port ...
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Nigerian fintech IroFit, others win SWIFT’s Startup Challenge for Africa
Nigerian startup, IroFit; Kenya-based Sokowatch; and VugaPay, a Rwandan money transfer app, are winners of the 2017 Startup ...
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IFC, Google to invest $100mn to improve broadband connectivity in Africa
CSquared deploys and operates shared, wholesale fibre optic infrastructure, helping to lower installation and consumer costs.
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Rencap expresses optimism on Nigerian cement sector with improved FX
Rencap said cement producers are expecting a flat 2017 and a return to growth in 2018.
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Truecaller partners Cars45 as it launches mobile advertising in Africa
Truecaller said brands will now be able to utilise the app to reach more than 40 million users in Africa.
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