West Africa business news from Nigeria, Ghana, Côte d’Ivoire, Senegal and the wider ECOWAS region.
The Chairman, Economic and Financial Crimes Commission, Abdulrasheed Bawa, has said Bitcoin and other cryptocurrencies portend huge risks to the world economy. According to him, many criminals now play significant …
Sequoia Heritage, Stripe, Founder’s Fund, and Ribbit Capital led a $200 million Serie A round of funding into Wave – a U.S and Senegalese mobile money payment provider. Other players …
The United States will be providing the Nigerian government with infrastructural support valued at $36.1 million to further strengthen the capacity of Nigeria’s arms forces to fight against terrorism. ‘The …
Minister of Industry, Trade and Investment, Adeniyi Adebayo, yesterday, affirmed the resilience of Nigeria’s economy, noting that business owners are making various commitments to invest in the country.Adeniyi spoke at …
Nigerian banks are some of the cheapest stocks in Africa, more evidence of how a shortage of dollars in the continent’s largest economy is discouraging foreign investors. Four of the …
The finance minister says insecurity and other factors slowed growth in the agriculture sector, thereby denying the economy a stronger growth rate. Nigeria’s latest impressive economic growth would have been …
BUA Group, Nigeria’s leading foods and manufacturing conglomerate, has announced the formal engagement with a Turkish firm to begin the construction of a 2,000tons/day Plaster of Paris (Gypsum Powder) production …
The Central Bank of Nigeria (CBN), has announced the engagement of Bitt Inc., a Fintech Company, as its Technical Partner for its digital currency, eNaira project which is scheduled for …
Other South African companies that expanded into Nigeria and have since decided to leave are Shoprite and Massmart. Nigerian conglomerate UAC plc has signed an agreement to acquire the minority …
Despite the growth of 5.01% in Q2, 2021, Nigeria needs an “Elite Consensus” that can articulate policies that would translate to double-digit and inclusive economic growth. Mr Tope Fasua, an …
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