FG TO GET $1BN AFREXIMBANK LOAN IN MAY

The federal government of Nigeria expects a $1.05bn syndicated loan back from the African Import Export (AFREXIM) Bank this coming month. Afreximbank arranges the loan...

SIEMENS POWER PROJECT TRANSFORMERS ARRIVES NIGERIA

Adebayo Adelabu, the Nigerian Minister of Power, on Sunday, 7 March 2024, confirms the arrival of the $2.3bn Siemens power electricity transformers and substation...

FG INITIATES THREE NATIONAL CARDS FOR NIGERIANS

The federal government of Nigeria has unveiled its plan to initiate three new national identity cards in May 2024 for about 104 million citizens...

NGX INVESTS IN ETHIOPIA’S FIRST-EVER SECURITIES EXCHANGE

The Nigerian Exchange Group (NGX) has invested in Ethiopia's first-ever stock exchange (ESX); the amount involved in the deal is undisclosed. ESX was established in...

BANK OF TANZANIA INCREASES INTEREST RATE

On Thursday, April 4, 2024, the Bank of Tanzania (BOT) announced an increase in the central bank rate (CBR) from 5.5% to 6.0 %...

CAK APPROVES AIRTEL TOWER DEAL WITH ATC AFTER INVESTIGATIONS

The Competition Authority of Kenya (CAK) authorized the tower site deal between Airtel Africa, a telecom company, and American Tower Corporation (ATC), a global...

NACCIMA PLANS STAKEHOLDER’S CONSULTATION OVER BANK RECAPITALIZATION

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye, unveiled how the association plans to...

DANGOTE, MIKANO AND OTHERS ENJOY TAX INCENTIVE WORTH OVER N2.5 TRILLION

Dangote, Mikano, and 105 other companies enjoys tax incentive and  exempted from the Nigerian federal government tax policy despite its insistence on halting the...

ACCESS HOLDINGS SOURCES FOR $1.8 BILLION

Access Holdings, the group in charge of Access Bank, has announced plans to source for capital of up to $ 1.8 million. The apex...

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