EUROPEAN UNION TO BOOST INTRA-AFRICAN TRADE WITH €150 BILLION

THE European Union Commission has announced intentions to invest €150 billion in commerce and transport infrastructure across West Africa, with a particular emphasis on...

IRAN-AFRICA TRADE HITS MILESTONE, FOCUS ON NIGERIAN MARKET

The Islamic Republic of Iran's government claims that its economic dealings with African countries have totaled 1.2 billion dollars over the last two years....

FIRSTBANK COLLABORATES WITH PROPARCO ON CLIMATE INITIATIVES

FirstBank, a Nigerian financial institution, has partnered with Proparco, a development finance institution, to incorporate climate initiatives into its everyday business operations and strategy. On...

NNPC TO PARTNER WITH SCHLUMBERGER ON NIGERIA’S UPSTREAM OPERATIONS

The Nigerian National Petroleum Corporation Limited (NNPC. Ltd) has signed a significant agreement with Schlumberger, an American oilfield business, to expand upstream operations in...

FEC APPROVES NIGERIAN STARTUP HUB IN US

On Tuesday 14th, May, Bosun Tijani, The Minister of Communications, Innovation, and Digital Economy, announced in a statement on X seen by Business World...

TAKEALOT BEATS AMAZON TO LEAD E-COMMERCE BUSINESS IN SOUTH AFRICA

Takealot, an e-commerce store in South Africa, has continued to lead all e-commerce businesses and aims to top the chart in five years' leaving...

FG REINTRODUCES TELECOM TAX TO ACCESS $750M WORLD BANK LOAN

The Nigerian federal government is set to reintroduce the formerly suspended telecom tax to access a $750M World Bank loan. According to the Stakeholder...

SHELL SEALS PIPELINE DEAL WITH OYO STATE

Shell Nigeria Gas and the Oyo State Government have agreed to build a gas supply and distribution infrastructure to serve the state's industrial and...

Naira Bounces Back to 1,275 Per Dollar in Parallel Market

The Nigerian naira has shown improvement against the US dollar, strengthening by N125 to reach N1,275/$1 over the weekend. This marks a 9.8% rise from its...

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