West Africa business news from Nigeria, Ghana, Côte d’Ivoire, Senegal and the wider ECOWAS region.
Nigeria is West Africa’s largest recipient of Foreign direct investment (FDI) as its flow doubled to $4.8 billion in 2021, due to resurgence in investments in the oil and gas …
The World Bank has predicted that more people in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty. According to a report obtained via a World Bank newsletter …
Latest updates on Nigeria’s cash call arrears repayment showed that the country had so far repaid a total of $3.72bn to five international oil firms, leaving an outstanding balance of …
Mainstream Energy Solutions Limited (MESL), operator of the 760 megawatts (MW) Kainji hydropower plant and the 578MW Jebba hydro, has begun an $89 million (about N37.2 billion) project to add …
To drive non-oil exports, the Nigerian Export Promotion Council (NEPC) has launched a Trade House in Cairo, Egypt while targeting to launch such in seven other countries. The Trade House …
The Central Bank of Nigeria (CBN) is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). Kingsley Obiora, the …
Friday, 10th June 2022: The exchange rate between the naira and the US dollar closed at N421.25/$1 at the Investors and Exporters (I&E) window. Naira recorded a marginal gain against the …
In a statement issued by the International Air Transport Association (IATA) on Thursday, African airlines recorded a 116.2 per cent increase in passenger traffic in April 2022 compared to the …
Patrice Motsepe’s African Rainbow Capital (ARC) has put a date on the launch of TymeBank’s Philippines operation; October 2022. ARC published its trading statement for the four months to 30 April on …
The gap between the savings and lending rates in banks widened by 25.33 per cent in March, according to figures obtained from the Central Bank of Nigeria. Latest figures obtained …
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