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Nigerian company Kwik Delivery has successfully raised $ 1.7 million in equity from institutional and high net worth investors.
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Mastercard has over 70 million customers in Nigeria, making it the de facto leader on the debit card market in the country
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OPEC and OPEC+ member countries have finally decided to cut oil production by 9.7 million barrels a day starting on May 1st, 2020 and until June 30th, 2020.
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The curtailment of crude oil production by 9.7 million barrels promises an appropriate balancing of Nigeria’s 2020 budget that has been rebased at $30 per barrel.
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The African Development Bank (AfDB) raises $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.
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Engr. Makoju, popularly called Mr. Cement, is bowing out after 45 years of transformational leadership in the cement industry. The Board has however approved the appointment of Mr. Michel Puchercos as his replacement as the Group CEO, effective 1st February 2020.
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The Economic Community of West African States (ECOWAS) endorses Nigerian Akinwunmi Adesina for second term as President of the African Development Bank.
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Equatorial Guinea continues to be proactive in encouraging foreign direct investment into the country
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Foreign exchange reserves have risen to a six-month high of $44.14bn, data obtained from the Central Bank of Nigeria (CBN), shows. It gained over $1.8bn to strengthen against a dip in Februrary 28 when it dropped to $42.296bn. The CBN data shows the reserves rose slightly from $43.116bn on December…
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National leader of the All Progressives Congress (APC), Bola Tinubu, has kicked against reports of government’s plan to increase the Value Added Tax (VAT). The VAT which is charged at 5% could be hiked to 50% considering statement attributed to Minister of Finance, Zainab Ahmed, that the Nigerian government has…
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