Interest rate hits 18% – CBN
The Central Bank of Nigeria (CBN) has raised the interest rate from 18 percent to 18.5 percent. The apex bank...
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Total, Africa Oil exit Kenya Turkana crude project
British exploration firm, Tullow Oil has assumed full ownership of the Kenya crude project in Turkana after its joint venture...
IFC to invest $17.5m in mega mixed-use complex in Kigali
The International Finance Corporation (IFC) will invest $17.5 million in French real estate conglomerate Duval Group to develop a mega...
Lagos state raises N143.8bn long-tenure bonds
The Lagos State Government has raised N134.8 billion from two different long tenure bonds in the capital market, with the...
Nigeria will save $3bn yearly from importation with Dangote refinery
Governor Godwin Obaseki of Edo, on Tuesday, said that the newly-inaugurated 650,000 barrels per day (bpd) Dangote Refinery and Petrochemical...
CBN axes 132 microfinance banks
The Central Bank of Nigeria (CBN) has revoked the operating licenses of 132 Microfinance Banks, three finance companies and four...
Minister inaugurates N2bn expanded aviation terminal
The Minister of Aviation and Aerospace, Mr Hadi Sirika, has inaugurated the expansion of the first phase of the General...
50% African banks attracted to Tech adoption
About 50 per cent of banks in Africa have revealed that adopting tech shift tops their business concerns as they...
Foreign airlines made $1.1bn in Nigeria 2022 – Report
Foreign airlines operating in Nigeria raked in around $1.1bn in 2022 despite foreign exchange challenges, The PUNCH reports. The Chairman...
Buhari commissions N19bn Customs headquarters
The President Muhammadu Buhari on Tuesday, in Abuja commissioned the N19 billion new Customs headquarters building and hinted on the...
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