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Jumia partners Estée Lauder Companies to launch three brands in Nigeria
The three Estée Lauder brands to be launched in Nigeria are Estée Lauder, the company’s flagship cosmetics, ...
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MasterCard’s commits to empower 150,000 small businesses in Kenya
MasterCard said it will provide 150,000 Kenyan MSMEs access to Masterpass QR digital payment solution.
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CBN says less than 1% of naira notes in circulation is fake
The CBN has dismissed allegations that up to 20 per cent of the naira notes in circulation are counterfeit.
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Nigeria loses $100 billion to militant attacks on oil facilities
Kachikwu said Nigeria's crude oil output fell by one million barrels per day to 1.2 million bpd at the peak of the attacks.
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Shell provides $1 billion financing for development of Niger Delta
The fund would be used for the provision of portable drinking water, health impact assessments and remediation technologies for ...
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IFC invests $2 million in French West African mortgage refinancing firm
The WAEMU zone faces a housing shortage estimated at 3.5 million units.
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European Petrochemical and Refining Congress holds in May
The Hamburg conference will showcase state-of-the-art petroleum refining technologies and innovations.
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Nigeria’s forex reserves increase by 11% to N28.7 billion
The forex reserves depleted by 11.1% or $3.2 billion in 2016.
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Omidyar Network invests in start-up to improve land rights in Africa
Omidyar said its investment will help Landmapp to grow its customer base in Ghana, where the company is providing its unique ...
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Afrinvest launches Afritrack to facilitate recovery of unclaimed dividends
The value of unclaimed dividends in Nigeria has grown rapidly from N2 billion in 1999 to about N90 billion as of September 2015, ...
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IMF calls for 'strong' commitments to support debt sustainability in Ghana
The IMF expressed a strong need for fiscal consolidation following new information on worse-than-expected budget deficit in ...
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Jaiz Bank lists on NSE, adding N36.83 billion to market capitalization
The bank listed N29.46 billion worth of 50 kobo shares at N1.25 per share.
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ExxonMobil Nigeria appoints Paul McGrath as Managing Director
Prior to his appointment, McGrath was a senior executive in charge of project execution for ExxonMobil in Houston, Texas.
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Access Bank divests from Stanbic IBTC Pension Managers
Access Bank said it sold its 17.65 per cent stake in Stanbic IBTC Pension Managers to the company’s majority shareholder ...
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Rencap downgrades Dangote Cement stock due to FX challenges
Renaissance Capital downgraded Dangote Cement’s stock to “Market perform” from “Outperform” in ...
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WTO urges Nigeria to eliminate trade restrictions
The WTO trade policy review is aimed at making Nigeria’s trade policies align with global best practises.
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AMCON takes over Arik Air, appoints new management
The Minister of State for Aviation said the AMCON intervention will enhance the long-term economic value of the airline, ...
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Total seeks to acquire new assets as earnings beat expectations
Total said it plans to make final investment decisions on almost a dozen projects within the next 18 months.
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Arik Air suspends flights to New York due to maintenance checks
The airline suspended its New York flight service as the two Airbus A330-200 aircrafts dedicated to the route were taken to ...
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MTN to report full-year loss due to Nigeria fine, foreign exchange losses
MTN said the full-year loss was also driven by the underperformance of its units in Nigeria and South Africa in the first half ...
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Tanzania-Zambia Railways Authority seeks $700 million debt cancellation
TAZARA is lobbying stakeholders for the cancellation of a long-term debt of over $700 million to revamp its operations.