EU unveils new investment package for South Africa
On Thursday, EU Commission President Ursula von der Leyen unveiled plans to invest billions of euros in South Africa, as Europe aims to strengthen its influence in a nation increasingly…
74 Chinese firms to invest in Nigeria’s oil sector
About 74 Chinese companies have indicated interest in investing in Nigeria’s oil and gas sector.These companies are part of the 216 companies from China that are interested in investing in…
IMF, World Bank to fund 35% of Ghana’s deficit with $1.32B
Ghana's Finance Minister, Dr. Cassiel Ato Forson, says the government will receive a total of $1.32 billion from the International Momentum Fund (IMF) and the World Bank to its fund…
Oando selected as preferred bidder for Trinidad and Tobago’s Guaracara Refinery lease
Oando PLC, a prominent Nigerian energy company listed on both the Nigerian Exchange Limited (NGX) and the Johannesburg Stock Exchange (JSE), has been selected as the preferred bidder to lease…
Nigeria increases its NGX bond listings by 900 million units
The Federal Government of Nigeria (FGN) has expanded its bond listings on the Nigerian Exchange Limited (NGX) by adding over 900 million units. This move is part of efforts to…
Nigeria signs $200m renewable energy deal to power rural areas
Nigeria has secured a $200 million agreement with WeLight, a pan-African Distributed Renewable Energy company, to bring electricity to millions of people living in rural communities.The deal will deploy hundreds…
EFCC alerts Nigerians on 58 illegal ponzi scheme operators
The Economic and Financial Crime Commission has raised an alarm over the activities of 58 illegal Ponzi schemes that deceived Nigerians under the guise of investment.In a statement issued on…
AfDB and ECOWAS sign new deal to boost food security
The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) Commission have signed a $12 million grant agreement to implement the Rice Resilient Value Chains Development…
NNPCL clarifies reports on termination of Crude swap deal
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims alleging the termination of the Naira-for-Crude agreement with domestic refineries, notably the Dangote Refinery. This program, launched in October 2024,…
Strong trade performance: Nigeria’s surplus exceeds $2B in Q4 2024
Nigeria exported 20.486 trillion naira (US$13.5 billion) in the third quarter of 2024—mainly oil, gas and premium cocoa beans.Nigeria's trade balance recorded a surplus of 3.423 trillion naira in the…
