The Niger Delta Development Commission (NDDC) have urged International Oil Companies (IOCs) to pay the staggering debt of 700 million dollars that they owe the commission. The Managing Director of the commission, Dr Samuel Ogbuku made the appeal during a…
African Development Bank Group Unveils New Ten-Year Strategy 2024–2033
Central to the 2024–2033 strategic vision is the belief in Africa’s vast potential for societal and economic transformation The African Development Bank Group has unveiled its new Ten-Year Strategy 2024–2033, a blueprint to confront Africa’s pressing challenges and to help…
OTC 2024: Nigerian Government pledges conducive investment environment for investors
… As Minister applauds PETAN for providing platform for Nigerian companies to showcase their businesses to the world The Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Commission Chief Executive,…
Minimum Wage: NECA cautions labour, govts against fueling agitation
The Nigeria Employers’ Consultative Association (NECA) has urged the organised labour and some state governors to wait for the Tripartite Committee on the National Minimum Wage to finalise its assignment. NECA’s Director General, Adewale-Smatt Oyerinde, made the call in a…
Afreximbank and FCI’s regional factoring conference in Zimbabwe attracts over 200 participants
Co-organised in collaboration with FCI, the global body for factoring, the conference provided a platform for in-depth discussions and strategic initiatives to promote and enhance factoring within the Southern Africa region In its ongoing commitment to establish factoring as…
ABCON Mulls Harmonized Retail End Forex Market to Tackle Volatility, Boost Regulatory Compliance
The Association of Bureaux De Change Operators of Nigeria (ABCON) is working on establishing a unified retail end forex market operations to tackle volatility and boost regulatory compliance within the Bureaux De Change (BDC) sub-sector. ABCON President, Alhaji (Dr.) Aminu…
Forex rate affecting startup’s investment – Digital Investment Expert
Mr Ina Alogwu, Group Director, Digital Transformation, Asset & Resource Management Holding Company (ARM HoldCo) says Foreign Exchange (FX) rate is affecting startups’ from getting investment for their business. Alogwu said this in Lagos, during “The Catalyst”, a startup programme,…
18th Islamic Development Bank (IsDB) Global Forum to Explore Innovation, Entrepreneurship, and Leadership in Islamic Finance
This year’s Forum will bring together thought leaders, policymakers, financial experts, and other stakeholders in the Islamic finance industry to deliberate on innovative tools to foster sustainable development The Islamic Development Bank (IsDB) Institute is pleased to announce the…
Afreximbank Supports Rehabilitation of Sporting Facility in Barbados Ahead of the 2024 Cricket World Cup
The facility will go towards renovation and refurbishing works; upgrading of the Garfield Sobers Players’ Pavilion; upgrading A/V and electrical systems as well as procurement of temporary stands African Export-Import Bank announced today that it has extended a USD…
Rand Merchant Bank (RMB) contributes to Acre Impact Capital’s $100 million private debt fund for climate-aligned infrastructure projects across Africa
The fund has announced its first close on 17th of April in which it has successfully raised an equity of ~$100m RMB, one of Africa’s leading corporate and investment banks, has invested in Acre Export Finance Fund I which…
