NIGERIA RECORDS FOREX SUPPLY OF $15.2 BILLION VIA OFFICIAL WINDOW

Nigeria’s foreign exchange supply, through the official window, has increased to $15.2 billion, representing a 17.7% rise from 2021 and a 46.4% increase from...

NIGERIAN COMPANIES REPORTS ONLY 2% CONTRIBUTION FROM EXPORT REVENUES

An analysis of the financial statement of some manufacturing companies quoted on the Nigerian Exchange reveals their revenue mix includes over 98% local sales...

OIL FIRMS OWE BANKS 7 TRILLION NAIRA, SAYS CBN

Reports from the Central Bank of Nigeria (CBN), shows that bank loans to oil companies involved in the upstream and downstream sectors of the...

NIGERIA TO EARN $4 BILLION FROM ABUJA, KANO AIRPORT CONCESSION

Nigeria will receive over $4 billion in nominal revenue as the Federal Executive Council (FEC), approved the concession of the Corporacion American Airport Consortium...

GHANA CLOSES IN ON $10 BILLION DEBT RELIEF AFTER IMF LOAN

A $3 billion, three-year loan package for Ghana was approved by the executive board of the International Monetary Fund (IMF) on Wednesday. Allowing for an...

CONGO’S $1 BILLION WORTH OF PROJECT FUNDING PUT ON HOLD BY WORLD BANK

Funding for humanitarian and development plan in the Democratic Republic of Congo that is worth over $1 billion has been put on hold by...

GHANA’S AKER ENERGY TO START PRODUCTION AT PECAN OIL FIELD 

Ghana oil firm, Aker Energy, sees numerous opportunities in the DWT/CTP Block, and is starting with development of the Pecan Field.  The development scheme is...

GHANA SEEKS $600 MILLION FROM IMF FOR ITS BATTERED ECONOMY

Ghana awaits the International Monetary Fund (IMF) to approve a first loan tranche of $600 million as soon as Wednesday. The loan is expected to...

ANGOLA OVERTAKES NIGERIA AS AFRICA’S LEADING PRODUCER OF CRUDE OIL.

Angola overtakes Nigeria as Africa's leading producer of crude oil following a drop in production. Organization of Petroleum Exporting Countries (OPEC) made this known...

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