IFC to boost industrial growth and climate action in Nigeria and Egypt
The International Finance Corporation (IFC) has committed to boosting economic growth and sustainability in Africa, with two major projects in Nigeria and Egypt. In Nigeria, the IFC is investing up…
Stakeholders raise concern over Custom Service’s new FOB Charge
The recent introduction of a 4% Free On-Board (FOB) charge on imports by the Nigeria Customs Service (NCS) and the proposed 15% increase in port charges by the Nigerian Ports…
South Sudan unveils its first instant payment system
The Bank of South Sudan (BoSS) has introduced its first National Instant Payment System (NIPS) in partnership with the AfricaNenda Foundation. This initiative represents a significant improvement for South Sudan's…
Nigerian equities market value rises to N65.3 trillion
The Nigerian equities market closed on a positive note on Thursday, with investors gaining N66 billion as the market capitalisation rose to N65.3 trillion. The rally was driven by strong…
Nigeria targets foreign investment through its Lithium reserves
Nigeria’s vast lithium reserves are attracting significant attention from foreign investors, particularly Chinese companies, as global demand surges. Lithium, a key component in electric vehicle batteries and mobile phones, has…
Safaricom hit by 74% decline in revenue
The number of registered M-PESA customers in Safaricom Ethiopia increased by 245% to 10.8 million as at December 2024 from 3.1 million December 2023, driven by airtime purchases and cross…
Nigeria attracts N3.1 trillion in new Treasury Bill auction
The Nigerian government says it attracted N3.1 trillion from its latest Treasury bill auction held on February 5, 2025. The auction, which featured three tenors 91-day, 182-day, and 364-day witnessed…
Nigeria to resume oil production in vulnerable regions
The Nigerian government is in talks with local communities to restart oil production in a region that’s previously suffered environmental damage after oil giant Shell’s sale of its onshore business…
Kenya to develop new framework for public-private partnership
The Kenyan government has appointed more than thirty experts from the financial sector to develop a long-term local financing framework for national projects through public-private partnership.The committee, chaired by Dr.…
Nigeria to strengthen German ties for economic growth and job creation
The Nigerian and German governments have expressed their commitment to strengthening economic ties and fostering investment-friendly policies to boost economic growth and job creation. This partnership was highlighted during a…
