With this acquisition, Fidelity Bank is able to birth a new pan-African financial institution capable of providing correspondent banking and offshore banking services to banks in Africa African Export-Import Bank has announced the disbursement of a US$40-million Intra-African Investment…
Nigeria to Dispose Five Power Plants at $1.15 Billion: Set to Announce Bid Winners
In a bid to improve the electric power sector, Nigeria has now reached the final stage of its plan to sell five key power plants at a cost of $1.15 billion, with the bid winners soon to be announced. The…
Africa Finance Corporation (AFC) Receives Top Accolades at Europe, Middle East, and Africa (EMEA) Finance Achievement Awards
The award affirms AFC’s leadership in structuring and executing complex financial transactions that foster sustainable development across regions Africa Finance Corporation, the continent’s leading infrastructure solutions provider, received top accolades at the EMEA Finance Achievement Awards in London yesterday.…
NETCO declares 137% gain in operating profit for 2023, seeks increased market share
The NNPC Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Company Limited (NNPC Ltd), has announced a 137 per cent increase in operating profits for the year 2023. This was disclosed by the Chairman of the…
SEC D-G to Speak on Nigerias’ Green Economy, Infrastructure Transformation at Oriental News Nigeria Summit
The Director General, D-G of the Securities and Exchange Commission, SEC, Dr. Emomotimi Agama, would be x-raying key policies and options available in the country’s drive to strengthen her national economy while aligning with global push towards promoting green economy.…
The Africa Petroleum Producers’ Organisation (APPO) and Afreximbank Sign the Establishment Agreement of the Africa Energy Bank (AEB), Declaring it Open for Signature by Prospective Member States
The AEB has been structured as an independent and supranational pan-African energy development bank with an initial USD 5 Billion capital The African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have announced the historic signing of…
NDDC Calls on Debts: Over $700m owed by IOCs
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…
