The Asset Management Corporation of Nigeria (AMCON) has renewed its battle to recover a staggering N455 billion debt allegedly owed by Arik Air, one of Nigeria’s formerly leading domestic carriers. …
AFRICA NEWS
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Kotoka Airport’s Terminal 2 Gets New Look as Ghana Repositions for Domestic, International Flights
Ghana is reshaping its aviation landscape as authorities move to repurpose Terminal 2 of the Kotoka International Airport (KIA) to accommodate both domestic and international flight operations. The Ghana Airports …
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Top 5 Profit-Making State-Owned Enterprises in Ghana Revealed
Amid rising concerns about the profitability of state-owned enterprises (SOEs) across Africa, Ghana has spotlighted its top-performing government-backed businesses – and the numbers are eye-catching. According to fresh data, the …
- AfricaAFRICA NEWSBanking, Finance & InvestmentEconomyFinance & ServicesGhanaGOVERNMENTWestern Africa
Ghana’s Finance Minister Meets Banks Over T-Bills, Spending, Debt Exchange Programme
Ghana’s Finance Minister has stepped up engagement with key financial institutions, holding a crucial dialogue with 22 banks to deliberate on the government’s Domestic Debt Exchange Programme (DDEP), Treasury Bills, …
- AfricaAFRICA NEWSEconomyFinance & ServicesGhanaGOVERNMENTWestern Africa
IEA Criticises Ghana’s 2025 Budget Revenue Projections as ‘Unambitious’
The Institute of Economic Affairs (IEA) has taken a swipe at Ghana’s proposed 2025 budget projections, describing the 16.1% revenue-to-GDP target as weak and far from ambitious. In a statement …
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Nigeria Firms Launch $500m Fund to Boost Renewable Energy Projects
In a bold move to tackle the nation’s persistent power woes and reduce dependence on fossil fuels, a coalition of Nigerian firms has unveiled a massive $500 million fund targeted …
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Naira Strengthens, Now Trades at ₦1,530.52/$ at Official Window
In a surprising twist in the foreign exchange market, the Nigerian naira on Tuesday recorded a modest appreciation against the United States dollar, exchanging at ₦1,530.52/$ at the official window. …
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Sale of SPDC, ExxonMobil Assets to Deepen Local Content – Experts
Industry experts have described the ongoing sale of Shell Petroleum Development Company (SPDC) and ExxonMobil assets as a golden opportunity to deepen local content in Nigeria’s oil and gas sector. …
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Air Peace Shakes Tables, Cuts London Flight Fare by ₦600,000
Nigeria’s leading carrier, Air Peace, has caused a stir in the aviation space after slashing its Lagos-London airfare by a jaw-dropping ₦600,000 — a move that has sent shockwaves through …
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Tinubu Declares State of Emergency in Rivers, Suspends Fubara’s Deputy
President Bola Tinubu has officially declared a state of emergency in Rivers State, Nigeria, following escalating political instability and governance challenges in the region. The move comes after mounting tensions …