Business

  Nigeria: June 30: Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday, signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide financing for up to US$6.0bn over the next 3 years to eligible SME across Africa. UBA signed the agreement with AfCFTA on …

Central Bank of Nigeria building In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria injected another sum of $17.81bn into the inter-bank foreign exchange market in 2022. According to the CBN’s ‘Financial markets department annual activity report 2022’, this was a slight increase …

NEXIM The Nigerian Export-Import Bank (NEXIM) is collaborating with Fidelity Bank to increase the capacity of five million Small and Medium Enterprises (SMEs) exporters in the non-oil sector. NEXIM said the move is in line with the overall objective of promoting export diversification efforts of the Federal Government. The Managing …

NATO Secretary General Jens Stoltenberg (L) and European Council President Charles Michel (R) talk to the media as they arrive for a European Council Summit, at the EU headquarters in Brussels, on June 29, 2023. – EU leaders will the EU’s continued support to Ukraine, as well as the economy, …

  The Chairman/Founder of The Address Homes Limited, Dr Bisi Onasanya, has donated a completed multi-million naira block of classrooms to Ilara community in Epe, Lagos State in furtherance of his vision to support education through his philanthropic works. The donation of a block of six classrooms with a fully-equipped …

…Emerges the only Nigerian among six Africans in the top 500 Index   President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth …

Stanbic IBTC Nominees, a subsidiary of Stanbic IBTC Bank, has been honored with the prestigious Best Sub-Custodian Bank Award in Nigeria at the 2023 Global Finance Awards. This feat marks the 15th time the Bank has received this esteemed honour, reaffirming its commitment to providing innovative and efficient services to …

  The Chief Financial Officer of Zenith Bank Plc, Dr. Mukhtar Adam, has been named ‘Chief Financial Officer of the Year’ at the 11th All Africa Business Leaders Awards (AABLA) in partnership with CNBC Africa. The award ceremony took place at the King’s Ballroom, Sun City, South Africa, on June …

Crude oil Nigeria is no longer Africa’s largest crude oil producer due to disrupting production levels, according to the U.S Energy Information Administration (EIA). In its latest report on ‘Country Analysis Brief: Nigeria’, EIA said Angola had overtaken Nigeria due to unplanned production outages. The report partly read, “For many …

Dr. Owen Omogiafo, President of Transcorp Group, has been honoured with the prestigious All Africa Businesswoman of the Year award. The award was proudly presented by African financial services company Absa Group Limited at the renowned All Africa Business Leaders Awards (AABLA), in partnership with CNBC Africa. The All Africa …