JOHANNESBURG, South Africa, The African Development Bank (www.AfDB.org) and SA Taxi Development Finance Proprietary Limited, a wholly owned subsidiary of SA Taxi Holdings Proprietary Limited (“SA Taxi”), have signed a $100 million loan agreement to support the firm’s growing strategy to empower...
LOME, Togo, AUDA-NEPAD (www.NEPAD.org) Chief Executive Officer Dr. Ibrahim Assane Mayaki and Ecobank Group (www.Ecobank.com) Chief Executive Officer Mr Ade Ayeyemi have agreed to collaborate on a continental initiative to support African Micro and Small-Medium Enterprises (MSMEs) as they face the economic and social...
ABIDJAN, Ivory Coast, Momou Dembélé, 30, is a qualified electrician. Married with two children, she left her hometown of Kimparana, where she trained, for Ségou in central Mali. With her husband's support, she landed her first job with Moulin...
ACCRA, Ghana, Nestlé (www.Nestle.com) has signed a Memorandum of Understanding with IDH Sustainable Trade Initiative (www.IDHSustainableTrade.com), as part of the Grown Sustainably in Africa (GSA) programme. The three-year partnership aims to support 25,000 farmers and 50 Small and Medium Enterprises (SMEs), as...
Google is opening its online shopping service to merchants free of charge as it competes with Amazon in precious e-commerce and digital ads. Merchants in the US will be able to use Google Shopping for free to proffer their wares by the end...
JOHANNESBURG, South Africa, More than 700 million Africans lack access to a bank or mobile money account and only 41% of Africans are financially included. This is due to the high cost of providing financial services in Africa which forces many financial services providers...
JOHANNESBURG, South Africa, The South Africa-China Economic and Trade Association (SACETA) and Africa Oil & Power (AOP) have entered a new partnership that will introduce Chinese technology, finance and know-how to a range of African projects, and build critical new commercial links within...
The popular Iddo market in the mainland part of Lagos State has adopted the no mask, no trading policy as measure to contain the spread of the novel coronavirus.   Watch video
His Excellency Dr Mmaduaburochukwu Obiano, the Anambra State governor has issued a fresh directive, cancelling the closure of all food markets and relocating it to other spaces. A press release by the state government had earlier on Monday announced that from Tuesday, food...
Pandemonium at the Oregbeni market in the Ikpoba-Okha Local Government Area of Edo State on Thursday as residents pounced on sellers of garri in the market. They beat and forced them to reduce the cost of garri which had been increased by over one hundred per cent above the normal...
Following the reduction of pump price of petrol from N125 per litre to N123.50 per litre, the Independent Petroleum Marketers Association in Kano State has directed its members to ignore the directive on new price and sell the product at N125 per litre until their old stocks are exhausted.
Nigerian Electricity Regulatory Commission (NERC) Tuesday said there will be no increase in electricity tariff for end-use customers until July. NERC had in a December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 disclosed that it would increase tariff...
Nigerians will from Wednesday, April 1, 2020, pay more for electricity. This is according to the Nigerian Electricity Regulatory Commission’s December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020. The Punch reports that checks on Monday showed...
Sequel to President Buhari's directives on Sunday during the broadcast, that Lagos, Ogun and Abuja would be locked down totally for an initial period of fourteen days in order to curb the spread of Coronavirus in the nation, many Nigerians felt indifferent towards the pathetic situation.
On Monday, the Federal Government has filed charges against four supermarkets in Abuja for alleged hike of prices of sanitisers, handwash liquids, disinfectants, and other hygiene products. The Federal Competition and Consumer Protection Council (FCCPC) named the four supermarkets, which also include their...
The Central Bank of Nigeria (CBN) has technically devalued the naira to exchange to the dollar at N380. The apex bank took this decision after all interventions in the market, such as imposing sanctions on errant operators and use of moral suasion to curb illegal...
About 33 foreign airlines operating flights into Nigeria may suffer a major blow as the Federal Government says it will in a few days shut the international wings of the Murtala Muhammed International Airport, Lagos, and the Nnamdi Azikiwe International Airport in Abuja. The Director-General of the Nigerian...
The Independent Petroleum Marketers Association (IPMAN) on Thursday demanded palliative measure from the Federal government to cover losses inflicted by the sudden reduction fuel on pump prize. The Federal Government on Wednesday announced the reduction of pump price of fuel from N145 per litre...
The Nigerian Government has directed the Nigerian National Petroleum Corporation to reduce the pump price of petrol from N145 to N125. This, the government said, was to reflect the current crash in the global price of crude oil. The President Muhammadu Buhari, approved...
The Federal Government has closed Haufei Restaurant and Mall, a Chinese eatery in Lagos State, for refusing to serve Nigerians. The Federal Competition and Consumer Protection Commission, in a tweet on Saturday, said the staff of the restaurant, located on 33 Aboyade Close, Victoria Island, admitted that...
Energy giant Saudi Aramco said Wednesday it plans to raise its crude production capacity by one million barrels per day to 13 million bpd as a price war with Russia intensifies. The decision came a day after Saudi Arabia, the world’s top exporter, decided to hike...
Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said the private jets belonging to loan defaulters would be seized. Emefiele, who spoke on Saturday during a visit to the Dangote refinery and fertiliser project site in Lagos, said the chunk of the loans in the Asset...
On Wednesday, 26th February 2020, a Tripartite agreement between the Federal Government, Lagos State Government & Westron Engineering and Maritime Investment Company, has culminated in the construction of a port facility that will absorb about 25 percent of the cargo traffic from Apapa and Tin-Can Island ports.
There was relief among residents of Rivers State as the oil and gas workers’ unions in the state, including the Nigeria Union of Petroleum and Natural Gas Workers, called off their strike on Thursday. Following the strike embarked upon by filling stations and tanker drivers in the...
The Cola War between Pepsi and Bigi heightened such that it is perceived to breed rivalry. Earlier today, the Senate began the process of resolving the competition crisis between the two soft drinks manufacturers, Messrs 7-Up Bottling Company, makers...