ACCESS BANK BUYS ANGOLA’S FINIBANCO

The majority shares of Finibanco Angola S.S., an Angolan organization, has been bought by Access Bank Plc, the forerunner subsidiary of Access Holdings. Although Access...

CENTURY GROUP ACQUIRES $15 MILLION OIL PRODUCTION VESSEL

The chairman and CEO of Century Group, Ken Etete’s company, has acquired a floating production, storage, and offloading vessel from BW Offshore for $15m. With...

NIGERIA ACCOUNTS FOR 33% OF AFRICA’S TOTAL GAS RESERVES

Nigeria now holds 33% of Africa's total gas reserves. It was revealed through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) which stated that Nigeria's...

AFRICAN DOWNSTREAM PROJECTS GET FUNDING FROM ARDA AND GLOBAL INVESTORS

Possible ways of creating continuous financing for the downstream oil industry in Africa are being explored by The African Refiners and Distributors Association (ARDA)...

THRIVEAGRIC SETS CREDIT GOAL FOR SMALL SCALE FARMERS IN AFRICA

In its recently issued 2022 Impact Report, ThriveAgric highlighted outstanding growth and achievements supported by key strategies and relationships. The internal operating procedure of the...

TRUST BANK OUTPACES GAMBIAN MARKET WITH 25.8% INTEREST INCOME GROWTH

Franklin Hayford, chairman of Trust Bank Gambia Limited, has said that the bank's interest income increased by 25.8% (666.3 million Gambian dalasis) due to...

SHELL NIGERIA GAS LIMITED GETS NEW MANAGING DIRECTOR

Shell has named Ralph Gbobo as the new Managing Director of its gas distribution company, Shell Nigeria Gas Limited, effective July 1, 2023. Ralph...

NIGERIAN BANKS RAISE ATM WITHDRAWAL LIMIT TO N200,000

Months after banks restricted withdrawals on automated teller machines (ATMs), commercial banks in Nigeria are now increasing the maximum amount of cash customers can...

SOUTH KOREA GRANTS AID TO REDUCE IMPORTATION OF RICE IN AFRICA

South Korea will sign an accord next week with 8 African countries to aid in upscaling rice production and reduce reliance on importation, as...

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