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UN chief calls record profit by oil majors ‘immoral”
The combined profits of the largest energy companies in the first quarter of this year are close to US100 billion, said the UN ...
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FG to deliver two 330kV transmission substations in Katsina, Kano
The 330/132/33kV Rimin Zakara Substation in Kano State is about 80% completed and the transmission line that will bring power to ...
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Nigeria surpasses 10% COVID-19 vaccination milestone – Gavi
Nigeria started COVID-19 vaccination on the 5th of March 2021, upon receiving four million vaccine doses from the COVAX ...
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AfCFTA could help lift 50 million Africans out of extreme poverty
Report discusses two scenarios to assess the benefits for a market of more than 1.3 billion people with a combined GDP of US$3.4 ...
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Nigerian commodities exchange expands operations to Kenya
AFEX has over 126 warehouses in Nigeria with a storage capacity of 314,000MT.
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African business leaders expect start-up boom
Start-ups across the continent are currently valued at around $7.6 billion – around 0.2% of the total $3.8 trillion value ...
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Ecobank named 'Best Trade Finance Bank in West Africa'
The award comes as recognition of Ecobank’s ... arranger roles and participation in key soft commodities campaign ...
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African Development Bank launches first ESG frontier-currency bond
Standard Chartered Bank arranged the transaction under the Bank’s Global Debt Issuance Facility.
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Cost of new renewables rises as inflation starts to bite
Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon ...
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Leading oil and gas conference kicks off in Abuja
The NOG Conference & Exhibition is Nigeria’s foremost energy conference and will review the country’s ...
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Uber’s losses since 2014 near $26 billion
Despite the huge losses, Uber grew its gross bookings from $16 billion in 2016 to $90 billion in 2021, an increase of 462%.
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UPS to expand vaccine equity programme to Nigeria, Kenya
UPS has delivered nearly 1.5 million COVID-19 vaccine doses via drone to underrepresented populations, as well as rural and ...
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TCN energizes Odukpani-Ikot Ekpene transmission line
The vandalism and consequent collapse of Tower 104 on 8 April 2022, was responsible for the last system collapse causing over ...
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Titan Trust Bank secures $300 mn for majority stake in Union Bank
Titan Trust Bank plans to leverage the merged entity to provide financing of about US$3 billion over the medium term of which ...
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UBA redeems USD500 million 5-year Eurobond
Issued in 2017, the five-year bond was offered at a coupon rate of 7.75 percent.
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Mastercard, Ecobank partner to digitize agric value chains in Africa
The initiative is estimated to empower millions of smallholder farmers through digital and financial inclusion.
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Pension funds, others worry over future performance of fixed income market
Many are planning to reduce their fixed income exposure.
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Global Centre on Adaptation to Support Côte d’Ivoire on ESG projects
MoU aims to enhance and increase the share of adaptation and resilience investments financed by Côte ...
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IFAD calls for more climate finance in support of small-scale farmers
Small-scale farmers produce one-third of the world’s food, but receive only 1.7 per cent of climate finance.
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Remittances to reach $630 billion in 2022
The top five recipient countries for remittances in 2021 were India, Mexico (replacing China), China, the Philippines, and ...
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AFC launches $2bn facility for economic recovery, resilience in Africa
Over the last 15 years, AFC has built experience mobilizing global capital for critical infrastructure projects in Africa with ...
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