CDC Group, a United Kingdom development finance institution (DFI), has offered a $75 million debt commitment to Stanbic IBTC Bank, a member of Standard Bank Group. CDC in a statement
Business
The United Kingdom (UK) government says over five million Nigerians who had no access to electricity now have solar power in their homes. In a Twitter post on Thursday, the
African Export-Import Bank (Afreximbank), a pan-African multilateral trade finance institution, and its partners have launched a $1.5 billion collaborative COVID-19 pandemic response facility (COPREFA) to support African economies. In a
Guaranty Trust Bank (GTBank), Nigeria’s biggest bank by market capitalisation, has obtained an approval-in-principle from the Central Bank of Nigeria (CBN) to commence a formal process of restructuring to a
The Dangote Group says its $2 billion granulated urea fertiliser plant located at Ibeju Lekki, Lagos, will begin operations before
A new report by SBM Intelligence, Nigeria’s geopolitical intelligence platform, said 43 percent of small businesses in Lagos state lost
The federal government has sought the approval of the national assembly for a $1.2 billion agricultural financing loan. Zainab Ahmed,
Fidelity Bank has announced a seven percent growth in profit after tax from N19 billion to N20.4 billion. According to
Zainab Ahmed, the minister of finance, budget and national planning, has projected that Nigeria’s debt profile would hit N38.68 trillion
Nigeria generated N424.71 billion in value added tax (VAT) for third quarter 2020 (Q3 2020) from N327.20 billion in the
