Afreximbank to start pan-African payment platform
The African Export-Import Bank (Afreximbank) says the bank is developing a pan-African payment platform that will tackle the challenges of multiple currencies among African countries. Ms Kanayo Awani, the Managing…
How FG can eradicate corporate debtors, by Zinox boss, Ekeh
Africa’s leading technology entrepreneur, Leo Stan Ekeh, has charged the Federal Government to leverage technology in reducing to the barest minimum the growing incidences of corporate debts and usher in…
SEC cannot partner with misfits, says Uduk Ag. DG
The Securities and Exchange Commission (SEC), has reiterated its commitment to collaborate with relevant stakeholders to strengthen Nigeria’s capital market. She, however, added that such collaborative efforts would only be…
Tax revenue edge up by 42% in 2018 – FIRS
The 2018 half year revenue performance report of the Federal Inland Revenue Service (FIRS) has shown that tax revenue improved by 42 per cent when compared to the same period…
What we will do with $750m Afreximbank loan — BoI
The Bank of Industry (BoI) says the 750 million dollars loan facility by the African Export-Import Bank (Afreximbank) will be used to fill the funding gap in Nigeria’s industrial sector….
Dangote signs $650m refinery loan with Afreximbank
Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would…
Nigeria, Argentina top debt refinancing risk nations, IIF says
Latest analysis by the Institute of International Finance, IIF, has alerted to an emerging high dollar refinancing risk for Nigeria and Argentina where over three-quarters of redemption of their growing…
NLNG repays N1.9trn shareholders loan
The Nigerian National Petroleum Corporation (NNPC), has commended the Nigeria LNG Limited (NLNG) on its successful repayment of 5.45 billion dollars (N1.98 trillion) loan on Train 1 to 6 investments….
FAAC: Again, FG, states fail to share May revenue
The monthly Federation Account Allocation Committee (FAAC) meeting has again ended in a stalemate as Federal and state governments rejected the revenue figures submitted by NNPC for May. One of…
NLC shuts MTN office for treating workers as slaves
The Borno chapter of the Nigerian Labour Congress (NLC), has closed down MTN Nigeria in Maiduguri over alleged insensitivity to workers welfare. The News Agency of Nigeria (NAN) reports that…