EU to invest €37m in Nigeria’s power sector-Ambassador
Feb. 16, 2024 The European Union (EU) says it is set to invest 37million Euros into Nigeria’s power sector. The EU Head of Mission to Nigeria, Amb. Samuela Isopi said…
Ghana’s new finance minister, Adam, says to continue IMF programmes
Hours after he took charge, Ghana’s new finance minister, Mohammed Amin Adam, has pledged to keep its $3 billion International Monetary Fund (IMF) programme on track as it aims to…
Nigeria set to grow 2.9% in 2024 as Africa’s economic growth fell to 3.2% in 2023- AfDB
February 16, 2024 Africa’s economic growth fell to 3.2% last year from 4.1% in 2022, the African Development Bank said on Friday, but it projected higher growth this year for…
Meta’s Facebook, Instagram to charge Apple service fee for posts ‘boosted’ via iOS apps
February 16, 2024 Meta Platforms, opens new tab said on Thursday that businesses purchasing a “boost” for their posts on the iOS versions of its social media apps Facebook and…
Customs impounds goods worth N42.4m in Kebbi, calls importers saboteurs
Nigeria Customs Service (NCS) says it has intercepted goods worth N42.429 million in various locations in Kebbi. The Coordinator, Border Drill Sector 4 of NCS, North-West axis, Mr Kola Oladeji,…
Oil demand growth slowing as non-OPEC supply expands – IEA
February 15, 2024 Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it trimmed its 2024 growth forecast, in sharp contrast to the…
TSA: Reps to sanction MDAs over non-compliance, summon CBN, others
Feb. 15, 2024 The House of Representatives Public Accounts Committee (PAC) has resolved to sanction Ministries, Departments, and Agencies (MDAs) of government over violation of Treasury Single Account (TSA). Rep….
TotalEnergies CEO says IMF debt rules hobbling African green energy projects
February 15, 2024 Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness, TotalEnergies CEO…
Consider Lagos as destination of choice for investments – Sanwo-Olu tells UK
Feb. 15, 2024 …We will work with Nigeria to reduce barriers to trade – Badenoch Lagos State Governor, Mr. Babajide Sanwo-Olu, has implored foreign investors, particularly the business community in…
Nigeria’s new Dangote refinery to export first fuel cargoes
February 15, 2024 Nigeria’s Dangote oil refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the…