The UK government says it will remove tariffs from up to 99 percent of goods imported from Africa and other developing countries. In a statement on Tuesday, the British High Commission in …
Western Africa
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Central Bank of Nigeria Raises interest rate on banks deposits to 4.2%
The Central Bank of Nigeria (CBN) has raised the interest rate on bank customers’ deposits. According to the Apex Bank, bank customers will be getting at least 4.2 per cent …
Prices of petroleum products are expected to see a rise beginning today, August 16 as part of the adjustments for the 2nd pricing window of August. This was revealed by the …
The Bank of Ghana (BoG) is convening an emergency Monetary Policy Committee meeting on Wednesday, August 17, 2022, over recent challenges faced by the Ghanaian economy. The meeting according to …
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Ghana EXIM Bank launches ‘Coconut for life’ project to boost production
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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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 …