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West African crude exports to Asia set to fall in January
Asian refineries booked a total of 1.81 million bpd of Western Africa’s crude oil in January, down from 1.96 million bpd ...
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Angolan central bank devalues currency by 13 percent
The kwanza fell by over 24 percent in 2015.
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U.S. agencies could hit Volkswagen with $18 billion fines
There are about 500,000 diesel cars on U.S. roads from Volkswagen and its luxury brand Audi that violate the environmental ...
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Nomura economist sees Zuma recall in 2016
Montalto refers to such a move as “Zumxit” and says what would follow would be a layer of new, more left-wing ...
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22 African countries to hold national elections in 2016
National referendum will also hold in Sudan, Libya and Tanzania.
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MRS Oil appoints new managing director
Andrew Gbodume was previously the Executive Director, Finance and Administration.
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Rwandan President Kagame rebuffs U.S. criticism of third term bid
In a New Year's address, Kagame said he will run for office again next year.
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IMF Chief Christine Lagarde visits Nigeria to address economic challenges
Lagarde will meet with President Buhari and his economic team, along with business leaders.
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Nigeria’s communications ministry threatens MTN sanction as deadline looms
NCC has given MTN a December 31st deadline to pay the fine.
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Nigeria’s two new satellites to cost $700 million
Federal Ministry of Finance has begun negotiations with the China Export-Import Bank to obtain funding to construct NigComSat-2 ...
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Nigeria’s external reserves fall to $29bn as Buhari rejects devaluation
n a year-to-date basis, foreign reserves have fallen by 16 percent from $34.47 billion reported on January 5th.
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Nigeria’s cashew exports hit $250 million
Nigeria currently exports 180,000 metric tonnes of cashew nuts annually.
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Nigeria marginally reduces petrol prices, uncertain about subsidy removal
The new petrol-pricing template cuts retail prices to N86 ($0.43) per litre from N87 ($0.44).
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Kenya’s economy records 5.8% growth in Q3 2015
The construction sector recorded the fastest growth of 14.1 percent.
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Jumia Nigeria appoints new CEO
Juliet Anammah is new chief executive officer of Jumia Nigeria.
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Ethiopia signs new Grand Renaissance Dam agreement with Egypt and Sudan
Ethiopia’s Grand Renaissance Dam is Africa’s largest hydroelectric scheme.
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IFC approves N2 billion loan for LAPO Microfinance Bank
IFC said the loan represents its largest investment in a microfinance institution in Sub-Saharan Africa.
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Tiger Branded Consumer Goods reports N12.7 billion loss
Despite the losses, TBCG reported that its revenues rose by 14 percent year-on-year to N48.03 billion in FY ended September 30, ...
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2016 budget speech of President Muhammadu Buhari
The 2016 budget, as outlined, is designed to ensure that we revive our economy, deliver inclusive growth to Nigerians and create ...
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MoneyGram launches overseas remittance into naira accounts
Receivers do not have to undertake any action as the funds are automatically deposited into their account.
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Ecobank Nigeria appoints new managing director
Charles Kie represents ETI on the Board of Directors of EBI SA, the Ecobank subsidiary in France.
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