Ghana began talks with the International Monetary Fund on Monday for an IMF-supported lending programme, the government said in a statement, in a bid to reduce economic hardship that spurred …
Category:
Western Africa
The Ghana National Petroleum Commission (GNPC) is set to commence the technical decommissioning of the Saltpond Oil Field in the Central Region. The decommissioning which was announced in 2016 was …
- AfricaEconomyEnergyNewsNigeriaWestern Africa
Electricity distribution companies report another national grid collapse
Major electricity distribution companies in Nigeria on Monday announced a fresh national grid collapse which has led to loss of supply across the country. The collapse occurred late Monday morning …
- Access BankAfricaBanking, Finance & InvestmentBusinessFinance & ServicesNewsNigeriaWestern Africa
Sterling Bank set to change name after shareholders approve restructuring
Sterling Bank PLC has announced it will take a new name after receiving shareholders’ approval to convert from a core banking business to a holding company. The leadership of the Bank …
- AfricaBusinessGhanaNewsNigeriaSpotlightTechnologyWestern Africa
Vendease, a food sourcing platform for African restaurants raises $30M to deepen operations across Africa
Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million in an equity and debt …
Ghana’s Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) have been lowered by rating agency Fitch from “CCC” to “CC” or further junk status. This is the second time …
- AfricaBusinessEconomyNewsNigeriaOil & GasWestern Africa
Six International oil companies to remit N380bn for domestic crude oil sales in October
The Nigerian National Petroleum Company (NNPC) Limited says six international oil companies (IOCs) will remit N380.04 billion in October as proceeds from the sale of domestic crude oil in July …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaReal EstateWestern Africa
Senate urges FG to tax unoccupied houses in Abuja
The Senate Committee on Federal Capital Territory (FCT) has asked the federal government to tax unoccupied houses in the territory as a way of generating revenue and reducing housing deficit. …
- AfricaBusinessEconomyINVESTMENTNewsNigeriaWestern Africa
AfDB, IsDB, FDA to invest $618m in Nigeria’s digital and creative start-ups
The African Development Bank (AfDB), Islamic Development Bank (IsDB), and the French Development Agency (FDA), have disclosed plans to invest $618 million in the Digital and Creative Enterprises Programme (I-DICE) …
- AfricaAviationBusinessINVESTMENTNewsNigeriaWestern Africa
Nigeria Air: FG announces Ethiopian Airlines as preferred bidder
As part of preparations to float the proposed national carrier, Nigeria Air, the Federal Government on Friday announced Ethiopian Airlines as the preferred bidder. Minister of Aviation, Sen. Hadi Sirika, said …