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.

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.

The Economic Community of West African States (ECOWAS) endorses Nigerian Akinwunmi Adesina for second term as President of the African Development Bank. Adesina is a renowned development economist and the first Nigerian to serve as President of the Bank Group

Equatorial Guinea continues to be proactive in encouraging foreign direct investment into the country

CBN data shows reserves rose slightly from $43.116bn on December 31, 2018, to $43.174bn on January 31, 2019, before falling to $42.296bn at the end of February. It gained over $1.8bn in the month of March.

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 concluded plans to increase revenue by introducing new taxes. Officials […]

The figure is generated from the number of active subscribers in the months under review, which was obtained from the Nigerian Communications Commission (NCC) and the industry’s Average Revenue Per User (APRU) provided by network operators.

The FGN N100bn Bond auction for March 2019 oversubscribed in excess of 140bn just as in the auctions for January and February.

The Corporate Affairs Commission (CAC), the body responsible for incorporation of enterprises in Nigeria has revealed that it has registered 3,098,193 firms since inception. It said the figures are since the founding in 1990 to March 21, 2019. The number covers all categories of businesses in Part A, B and C. Acting Registrar of the Commission, Mrs Azinge Azuka disclosed […]

The Nigeria Stock Exchange (NSE) reveals in its latest foreign portfolio investment report that foreign inflows to the economy increased by 91.24 percent between January and February.