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Guinea Insurance records 71% decline in profit for 2020
· Claims COVID-19 damages minimal to firm Zainab Iwayemi Guinea Insurance Plc has recorded a reversal in…
Anambra’s new airport gains traction as first commercial flight expected April 30
…State deflates alleged non-issuance of international licence by FG as misleading …Said airport’s 5.7km long, 60m wide runway largest…
Tightening global financial conditions triggered over $5bn capital outflows from Africa in the first quarter of 2020 – Afreximbank
Report by the bank highlights how trade finance will play a key role in transforming the African economy as…
CBN charges non-oil businesses to exploit $666.2bn AfCFTA trade potential
Onome Amuge The Central bank of Nigeria (CBN) has enjoined the Nigerian private sector, particularly firms in the areas of…
Petroleum landing cost now N216, as daily subsidy hits N4.64bn
Arakunle Kayode As a result of the recent increase in global prices in oil and the depreciation of Naira…
Flour Mills to invest N160bn in the development of Nigeria sugar value chain after it acquired 5200 hectares of land
Says the project will increase the production capacity of the sugar estate in Sunti Charles Abuede Nigeria’s food and agro-allied…
Analysts predict higher inflation rate in Q2 2021
Onome Amuge Nigeria’s rising inflation figure capped by an increase in food commodities is likely to surge beyond control as…
Amazon to establish African H.Q. in South Africa
Arakunle Kayode Amazon has announced that it will establish its African headquarters in Johannesburg, South Africa. The City of…
Airtel signs $500m credit facility to partially refinance €750 million Euro-denominated bond
Signs $880m loan deal with participation from JP Morgan, Standard Chartered, HSBC, others Charles Abuede Following the recent announcements by…
CBN mandates banks, BDCs, other forex dealers to accept all dollar bills from customers
Charles Abuede Following series of complaints reaching the desk of Nigeria’s central bank governor over the rejection of the…
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