AfDB backs Tinubu over forex rate Unification African Development Bank (AfDB) yesterday in Abuja commended the President Tinubu administration for unifying the naira exchange rate saying it would breath air of transparency into the foreign exchange (forex) market. Its President, Dr Akinwumi Adesina, spoke in Abuja at the 2nd Edition[Read More…]
Geometric Power Plant set to add 188MW to national grid Geometric Power Plant in Aba, Abia State, is set to add 188 megawatts (MW) to the national grid in the next two months. The Group Chairman, Geometric Power, Prof. Barth Nnaji, who is also a former Minister of Power, disclosed[Read More…]
Polaris Bank partners Eventful Limited to host 2023 Fashion Soul …. showcasing Nigeria’s Vibrant Fashion Industry Polaris Bank, Nigeria’s leading Digital Retail Bank, is partnering Eventful Limited to host the 2023 edition of The Fashion Souk scheduled to hold at Harbour Point facility on Victoria Island, Lagos from[Read More…]
Germany Approves 10m Euros for infrastructure projects in Nigeria The German government, through its Federal Ministry for Economic Cooperation and Development (BMZ), has approved 10 million Euros to expand infrastructure in Nigeria and other parts of Africa. The African Development Bank (AfDB) and KfW announced the replenishment of the[Read More…]
CBN warns banks over Russia, Iran, Cameroon transactions The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country to be wary of transactions with businesses and persons in the Russian Federation, the Democratic People’s Republic of Korea, Iran and Cameroon.[Read More…]
Nigeria inflation may hit 30%, Bank of America warns The Bank of America has said the Monetary Policy Committee of the Central Bank may need to increase interest rates by at least 700 basis points before the end of the year to curb inflation. In an interview with Bloomberg on[Read More…]
Nigeria, Angola now Africa’s biggest oil drilling markets – Report
Zinox to invest $250m in renewable energy Integrated technology group, Zinox Technologies Limited, has unveiled a plan to invest over $250 million after years of research, test running of durable and cost-efficient multifaceted renewable energy solutions for Africa, particularly Nigeria. This will be done in partnership with renewable energy[Read More…]
Fidelity International Trade and Creative Connect Expo holds in US Fidelity Bank Plc has announced plans to host the second Fidelity International Trade and Creative Connect (FITCC) conference in Houston, Texas, the United States. The maiden edition of the FITCC was held in London, United Kingdom last November. Tagged[Read More…]
AFDB approves $11m to support SMEs The African Development Bank (AfDB) Group, at the weekend, approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances AfDB’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing,[Read More…]
