West Africa business news from Nigeria, Ghana, Côte d’Ivoire, Senegal and the wider ECOWAS region.
The exchange rate between the Naira and the US dollar has fallen to a record low on the black market, trading at a minimum of N742/$1 on Monday morning. This is according …
Mercedes-Benz Group AG is broadening its battery-powered lineup with a sport utility vehicle that will take on Tesla Inc.’s Model Y in another step toward the automaker’s goal to go …
The Governor of Lagos State, Babajide Sanwo-Olu has said that the $2.9 billion Badagry Deep Seaport is expected to generate over $53billion within its concession period. Sanwo-Olu disclosed this in a …
Lagos State Governor, Mr. Babajide Sanwo Olu, has received approval to build the Badagry Deep Seaport which was approved by the Federal Executive Council in August. A statement signed by …
The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said this during …
The Federal Government has once again assured that it has zero plans to sell or privatise the operations of the Transmission Company of Nigeria (TCN). This was disclosed in a statement by …
The House of Reps has ordered the Central Bank of Nigeria (CBN) to suspend the sale of Polaris Bank Plc. The House gave the directive on Wednesday during plenary after …
Lagos State Government has been commended for the bold step taken to build an airport in the Lekki-Epe axis of the state. The Ministry of Aviation and the Nigerian Civil Aviation …
The President of the Academic Staff Union of Universities (ASUU), Emmanuel Osodeke, has said that the union will soon call off its eight-month-old strike. Mr. Osodeke said this at a …
Stears, a pan-African data and intelligence company, has closed a seed round of $3.3 million. The funding was led by MaC Venture Capital with participation from Serena Ventures, Melo 7 …
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