CBN To Sanction Banks Over N213 Billion Power Intervention Fund
CBN logo The Central Bank of Nigeria (CBN) which is the apex bank in Nigeria has rolled out sanctions to commercial banks participating in the disbursement of the N213bn Nigeria Electricity...
View ArticleAbsence of Electricity Inimical to Africa’s Development – South Africa Minister
Lynne Brown Lack of electricity in Africa remained one of the biggest barriers to the region’s development and prosperity, and continues to trap millions of people in extreme and abject...
View ArticleThousands of Churches in the UK Switch to Renewable Electricity
One of the churches in UK The churches across the UK have either switched their electricity supply to renewables or registered to do so, it has been announced on the world day of prayer for the...
View ArticleGhana resumes Eurobond issue
Seth Terkper, Finance Minister The Finance Minister, Seth Terkper today announced a prospective new Eurobond issue and all tender offer in respect of the outstanding Eurobonds due 2017. A...
View ArticleBritish investors to tour Ghana next month
Jon Benjamin, British High Commissioner to Ghana The United Kingdom-Ghana Chamber of Commerce (UKGCC) will host a multi-sector business trip to Accra next month for British companies, investors,...
View ArticleEconomy in distress – GN Research
Seth Terkper – Finance Minister Groupe Nduom (GN) Research has added its voice to expert views on the Ghanaian economy, describing it as one in distress. It said Ghana’s economy has been on a...
View ArticleConoil Grows Profit by 176% in 2015, To Pay N2.08b As dividend
Conoil logo Oil giant Conoil Plc on Thursday said its profit grew by 176 per cent as at the close of the 2015 financial year This is contained in a statement released by the company, that despit the...
View ArticleLagos Beefs Up Security For Sallah
…Assures Residents Of Hitch-Free Celebration The Lagos State Government on Thursday said adequate preparations have been put in place toward ensuring hitch-free celebration of this year’s...
View ArticleMaking “Change-Begins- with Me” Campaign Work
Map of Nigeria For two years running, the Ogun State Chapter of the Nigerian Institute of Public Relations had chosen to be futuristic in the choice of its annual colloquium by focusing on...
View ArticleEcobank Nigeria launches Ecobank MasterPass QR
Ecobank Nigeria Ecobank Nigeria has launched Ecobank MasterPass QR, a Mastercard global digital system that allows people to pay for services using mobile phones. The innovative new platform...
View ArticleNokia-Alacatel’s Nigerian offices closed by watchdog for lack of licence
Nigeria’s telecoms regulator has shut the offices of Nokia-Alcatel for operating in Africa’s largest economy without the necessary permit, the watchdog said on Friday. The Nigerian Communications...
View ArticleNigerian interbank rate falls as matured treasury bills are paid off
Nigeria’s overnight naira interbank lending rate fell to around 15 percent on Friday from a peak of 35 percent on Wednesday, after the central bank injected cash from matured treasury bills into the...
View ArticleCBN measures widen parallel market premium to interbank
CBN logo ARM Research In this update, Researchers at ARM present the latest macroeconomic data for August 2016 as well as activities in the fixed income and currency markets. Macro picture worsens as...
View ArticleSokoto Cement to Generate New 60 Megawatts Electricity in 2017
To reduce the high cost of energy consumption for production processes, the Sokoto Cement (Cement Company of Northern Nigeria Plc) has concluded better arrangements to build two additional power plants...
View ArticleIMF Executive Board Completes Second Review under EFF with Ukraine, Approves...
IMF logo The Executive Board of the International Monetary Fund (IMF) today completed the second review of Ukraine’s economic program supported by an arrangement under the Extended Fund...
View ArticleMTN, MMI Holdings Launch ‘aYo’ Micro Insurance Venture
MTN Group and MMI Holdings has announced the launch of a micro insurance joint venture branded aYo, a joint venture that will benefit from the scale, combined expertise and market access of both...
View ArticlePhotoNews: 2016 CAMCONIA Retreat
L-R: Segun Bankole, AGM/Head, Corporate Communications and Brand Management, Sovereign Trust Insurance Plc, presenting an appreciation plaque to the Commissioner of Information for Ogun State, Mr. Dayo...
View ArticleNigeria says banks can make Eurobonds pitches until Sept 19-debt official
DMO Nigeria will accept proposals from international and local banks to sell Eurobonds worth $1 billion until Sept 19, a senior debt official said on Friday. “And days after that, we will fast...
View ArticleNigeria to sell $1 bln worth of Eurobonds by mid-Dec -debt official
Nigeria expects to raise $1 billion from Eurobonds by mid-December, a senior debt official said on Friday as the government planned to inject another $1.1 billion into Africa’s biggest economy, which...
View ArticleThe Calculus of Conflict in the Middle East
By Christine Lagarde As world leaders head to New York this week for the United Nations General Assembly, there is still no end to the heart-breaking images of war-torn cities in the Middle East and...
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