Ghana Export-Import (EXIM) Bank has embarked on a GH¢ 30 million “Coconut for Life” project targeted at increasing the country’s coconut production. Under the project, 50,000 to one million nuts …
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Egypt pays $6.3B in debt service in Q3 2021/2022
Egypt’s total debt service surged 105.76% year-on-year during the third quarter of the fiscal year 2021/2022, recording $6.292 billion, according to data released by the Central Bank of Egypt (CBE). Quarter-on-quarter (QoQ), …
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Egyptian government proposes amendment to UHI tax contribution law
The Egyptian government is preparing a draft bill to be presented to the Cabinet soon to amend some provisions of the Universal Health Insurance (UHI) Law to deduce the mandatory …
- AfricaAFRICA NEWSBusinessNewsNigeriaWestern Africa
Trade between Nigeria and India hits $14.95bn in 2021
Commerce between India and Nigeria totaled $14.95 billion in 2021. Gangadharan Balasubramanian, the Indian High Commissioner to Nigeria disclosed this during the 76th independence day of India, in Abuja. Even …
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Equity market begins new week trading negative
The Nigerian equity market on Monday started the week’s trading with mixed sentiments as a loss in Presco and 16 others drove the market lower by N18 billion. Also, Nigeria’s …
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Darkness looms as electricity workers embark on strike Tomorrow
Nigeria’s electricity supply crisis could worsen from tomorrow as the organised labour has directed workers in the power sector to down tools and commence an indefinite strike over pending labour …
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Bank Of Industry, Nigeria Completes €1bn Loan Guarantee Facility
The Bank of Industry (BoI) Nigeria has completed a landmark €1 billion Guaranteed Senior Loan Facility to further enhance its capacity to deliver on its mandate. According to the bank, …
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PoS transactions in Nigeria rise N1.05trn in 7 months
The Nigeria Inter-Bank Settlement Systems (NIBSS) has said that transactions done on the Point of Sales (PoS) terminals across Nigeria rose by N1.05 trillion from N3.56 trillion in the first seven …
The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging at N430. The figure represented a decrease of 0.09 per cent compared with the N429.62 …
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Pastel, a Nigerian bookkeeping startup secures $5.5 million seed fund
Pastel, a Nigerian bookkeeping and digital platform for merchants, on Monday secured a $5.5M seed fund. The seed round was led by pan-African venture capital firm TLcom Capital and included …