Dangote Refinery, Petrol marketers target more fuel supply with new agreement
The Independent Petroleum Marketers Association of Nigeria (IPMAN) recently signed an agreement with Dangote for the supply of 240 million litres of petrol per month.IPMAN National Publicity Secretary Chinedu Ukadike…
Gold falls, Bitcoin rises following Trump’s victory
Bitcoin has risen more than 30% since President Trump’s victory, while gold has fallen about 5% as the trend shifts to digital assets.Bitcoin surged above $91,600 last week and hit…
Nigeria’s debt servicing cost rises by 107% in 8 months
The cost of servicing Nigeria's foreign debt has risen by 107.7%, reaching ₦3.8 trillion and exceeding the 2024 budget projections for January to August 2024.When it was presented before the…
Dangote Cement secures approval to raise new Bonds under its N300 billion program
Dangote Cement PLC has announced its board's approval to raise medium- to long-term debt funding through a new bond issuance, part of its ongoing N300 billion multi-instrument program. This decision,…
TNBC to promote economic growth with new task force
The Tanzania National Business Council (TNBC) has set up a new task force focused on “blue business” to explore business opportunities and promote economic growth in the country.The TNBC Blue…
Resolute Mining to pay $160 million in tax dispute settlement with Mali
Australia’s Resolute Mining (RSG.AX) says it would pay $160 million to help the Malian government resolve tax issues after it detained CEO Terence Holohan and two employees in U.S. dollars…
Nigeria, India pen $14 billion investment deal
Nigeria’s President Bola Tinubu and Indian Prime Minister, Narendra Modi, have instructed their respective authorities to complete all outstanding bilateral trade agreements between their two nations.This was announced in a…
Egypt partners with Alcazar, Voltalia-Arabia for renewable energy projects
Egypt has taken significant strides in advancing its renewable energy ambitions through strategic partnerships with Alcazar Energy, Voltalia, and TAQA Arabia. Several Memorandums of Understanding (MoUs) have been signed to…
Nigeria raises its daily crude production to 1.8 million barrels
Nigeria’s state oil company NNPC says it had increased its oil production to 1.8 million barrels per day, with the potential to rise to 2 million barrels per day by…
Kenya Capital Markets Board approves six new funds
The Capital Markets Authority (CMA) of Kenya has approved six new funds from licensed fund managers, offering more investment options and benefits to high-value investors.Meanwhile, the total assets of investment…
