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African Development Bank, AfDB, has invested N3.2 billion in Nigeria’s new infrastructure private equity fund, ARM-Harith Infrastructure Fund. AfDB said the gesture is part of the...
Revenue earned by Nigeria this year may be as much as $12 billion short of budget estimates as theft of crude and output disruptions persist in...
The Board of Directors of the African Development Bank (AfDB) has approved an additional US $10 million equity investment in Atlantic Coast Regional Fund (ACRF) to...
Eni is facing growing problems in Africa as social unrest in the resource-rich continent escalates to threaten production targets on a continent where the Italian oil...
Ecobank Transnational Incorporated, ETI, has said its chairman, Mr. Kolapo Lawson, will step aside from the bank with immediate effect, while he is expected to retire...
Sub-Saharan Africa’s economic growth is expected to increase to six per cent in 2014, from five per cent this year. The growth is to be supported...
Leaders of the 15-nation Economic Community of West African States (ECOWAS) agreed on Friday to implement a single customs tariff regime from 2015 in an effort...
US District Judge Katherine Forrest has ordered a controversial Nigerian businessman, Jimoh Ibrahim, to pay over $10 million for failing to meet his obligations on two...
The Central Bank of Nigeria (CBN) says it has suspended its Wholesale Dutch Auctions (WDAS) to check money laundering in the foreign exchange market. A circular...
The Central Bank of Nigeria (CBN) said it has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. Malam Sanusi Lamido...
The World Bank Board said it has approved a $300 million credit to boost Nigeria’s efforts to provide affordable mortgages for middle-income and lower income families....
Any operators of failed Microfinance Banks involved in feraudulent practices will be handed over to the Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and...
Leading African businessmen Tony Elumelu and Edward Boateng were amongst those that received accolades at the African Business Awards 2013. The exclusive presentation ceremony, organised by...
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