Africa Finance Ministers seek IMF’s special drawing rights system reforms
May 23, 2023 African Ministers of Finance, Planning and Economic Development have called for reforms of the IMF’s Special Drawing Rights (SDR) system. The ministers made the call at the…
Sylva hails UTM offshore, partners on agreement for Nigeria’s first FLNG facility
November 17, 2022 The Federal Government has applauded the UTM Offshore Limited and its technical partners on agreements for the commencement of Front End Engineering Design (FEED) for Nigeria’s first…
HOW AFRICA’S FREE TRADE AREA CAN SUCCEED – PRESIDENT BUHARI
September 30, 2023 President Muhammadu Buhari says the African Continental Free Trade Area (AfCFTA) will succeed if African governments demonstrate a higher level of commitment to tackle the slow pace…
Vaccines: Our urgency is now to have the technology for production – Health Minister
June 21, 2022 The Federal Ministry of Health (FMOH), has said that emphasis is now shifting from the urgency for the country to manufacture its own vaccines, to having the…
Pandemic: First Bank gets $150m from Afreximbank to support businesses
By Lydia Ngwakwe African Export Import Bank (Afreximbank) has disbursed $150 million to First Bank of Nigeria Ltd., under its Pandemic Trade Impact Mitigation Facility (PATIMFA). Group Head, Marketing and…
Afreximbank, AfCFTA formalise agreement on management of AfCFTA adjustment facility fund
Feb. 9, 2022 The African Continental Free Trade Area (AfCFTA) Secretariat and African Export-Import Bank (Afreximbank) have formalised the agreement relating to the management of the base fund of the…
PAPSS will effectively eliminate Africa’s financial borders, formalise , integrate Africa’s payment systems – Afreximbank
Jan. 14, 2022 Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, says the bank is eager to build upon AfCFTA’s creation of a single market…
UTM Offshore, Afreximbank sign $2bn MoU for Nigeria’s first FLNG project
Dec. 8, 2021 UTM Offshore and the African Export-Import Bank (Afreximbank) have signed a MoU to raise 2 billion dollars for the development of Nigeria’s first Floating Liquefied Natural Gas…
WHY LIQUIFIED PETROLEUM GAS SHOULD BE TRANSITION FUEL IN DEVELOPING COUNTRIES – BY OSINBAJO
Dec. 8, 2021 …LPG now designated fuel of choice in Nigeria as 20-million Cylinder Injection Scheme set-up Vice president Yemi Osinbajo says the global community should not have to choose…
IATF 2021 closes, records $36bn deals
Nov. 22, 2021 The Intra-African Trade Fair 2021 (IATF 2021) came to an end on Sunday in Durban, South Africa, recording $36 billion deals during the week long event. The…