KFW DEVELOPMENT BANK, 65 FINANCIAL INSTITUTIONS TO SUPPORT NIGERIA MSMEs AND RENEWABLE ENERGY

Respite is on the way for Nigeria’s Power sector and MSMEs, as the KFW Development Bank and not less than 65 Financial institutions commit...

KENYAN PRESIDENT, WILLIAM RUTO, UNVEILS PLAN TO PRIVATIZE STATE-OWNED ENTERPRISES

Kenyan President William Ruto has announced plans to privatize 35 underperforming state-owned companies. Ruto, addressing concerns about bureaucratic hurdles hindering productivity, highlighted that approximately...

NIGERIA AND ARGENTINA FORGE STRATEGIC PARTNERSHIP IN GAS EXPLORATION AND PRODUCTION

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled plans for a collaborative venture with Argentina in the realm of gas exploration and production....

AfDB POISED TO PIONEER MULTILATERAL HYBRID NOTE ISSUANCE

The African Development Bank (AfDB) is on the verge of becoming the first multilateral lender to venture into the issuance of hybrid notes. Omar...

GERMANY PLEDGES $4.4 BILLION FOR AFRICA-EU GREEN ENERGY INITIATIVE AT G20 SUMMIT

German Chancellor Olaf Scholz has announced a commitment of $4.4 billion to support the Africa-EU Green Energy Initiative. This announcement was made during the...

ING BANK, CITI, SUN AFRICA INVEST $12.2BILLION IN NIGERIA POWER SECTOR

Three international leading organizations have committed the sum of $ 12.2 billion to Nigeria's  Power sector. The amount is targeted at  delivering 961 megawatts...

NIGERIA INFLATION SOAR TO 27.3%, WORSENENED BY CURRENCY DEPRECIATION AND HIGH ENERGY COST

Nigerian inflation has soared to  27.3%,  a situation that is also worsened by currency depreciation and high-cost energy. Food inflation has risen to 31.5...

NIGERIA RECIEVES $299.99 MILLION WORTH OF PALLIATIVE LOAN FROM WORLD BANK

The World Bank finally disbursed about $299.99 million to Nigeria out of the $800 million approved for the National Social Safety Net Program-Scale Up....

AFCFTA: STANDARD CHARTERED FORECASTS $1 TRILLION INTRA-AFRICA EXPORTS BY 2035

A recent report from Standard Chartered Bank Group suggests that due to the African Continental Free Trade Area (AFCFTA), exports within Africa could hit $1...

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