The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help buyers across Nigeria, Africa, and the Caribbean access refined petroleum products from within the continent. …
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Telcos Invest Over $1bn in Chinese Equipment to Boost Service Quality
Telecommunications operators in Nigeria have placed orders worth over $1 billion for new network infrastructure from original equipment manufacturers in China, as part of efforts to overhaul and improve the …
- Banking, Finance & InvestmentEconomyINVESTMENTNigeriaSpotlightZenith Bank
Zenith Bank Shareholders Approve N195.67bn Final Dividend Amid Strong 2024 Performance
Shareholders of Zenith Bank Plc have approved a final dividend payout of N4.00 per share, bringing the total dividend for the 2024 financial year to N5.00 per share. This amounts …
- BusinessBusiness InsightsFinance & ServicesManufacturing & Consumer GoodsMarketsNewsNigeria
adbury Nigeria Bounces Back with N5.97bn Profit in Q1 2025
Cadbury Nigeria Plc has returned to profitability with a strong N5.97 billion profit after tax for the first quarter of 2025, marking a major turnaround from the N7.32 billion loss …
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NSA Orders One-Stop Security Screening System at Nigerian Airports to Boost Aviation Safety
The Office of the National Security Adviser (ONSA) has directed the implementation of a one-stop joint-interest screening system across Nigerian airports. This initiative is part of efforts to address the …
Nascon Allied Industries Plc has reported a remarkable 77 percent growth in its revenue for the first quarter of 2025. According to the company’s unaudited financial report for the period …
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GTBank hikes SMS alert fee to ₦6
Guaranty Trust Bank (GTBank) has informed its customers that there will be an increase in the fee for SMS transaction alerts, effective from Thursday, May 1, 2025. The new charge …
President of African Development Bank (AfDB), Dr Akinwumi Adesina, has raised alarm over the huge economic losses Africa is facing due to climate change. He said the continent is currently …
- AFRICA NEWSDevelopmentEconomyFinance & ServicesInfrastructureINVESTMENTLeadershipPolitics
Race Tightens for AfDB President as Five Candidates Share Plans for Africa’s Future
The race to lead the African Development Bank (AfDB) is getting hotter as the date for the election draws near. The current president of the bank, Nigeria’s Dr. Akinwumi Adesina, …
- AfricaBusiness InsightsDevelopmentEconomyNigeria
IMF Tells African Governments to Focus More on Private Sector to Survive Global Economic Problems
The International Monetary Fund (IMF) has told African governments to stop depending too much on public spending and instead focus on supporting the private sector. According to the IMF, this …