Africa Energy Bank to start operating in ’24
The proposed Africa Energy Bank, focusing on oil and gas investments continent-wide, plans to commence operations…
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Nigeria
SWIFT to unveil CBDC platform within 2 years
SWIFT, the global bank messaging network, is set to launch a platform within 1-2 years to integrate the emerging…
Nigeria food bank faces dwindling supplies as inflation skyrockets
The Lagos Food Bank, vital for residents, faces dwindling supplies as inflation skyrockets in Nigeria as President…
Africa’s biggest economies likely to hold interest rates
Central banks in Africa’s biggest economies are expected to diverge from their Latin American and European…
Nigeria faces environmental challenge post Shell
Shell’s impending exit from Nigeria’s onshore oil and gas operations, following a $2.4 billion deal with a mostly…
Egypt, Nigeria to boost competition protection
The Egyptian Competition Authority’s (ECA) head Mahmoud Momtaz met with his Nigerian counterpart to discuss…
Singapore Olam shares climb 17%, no evidence of fraud
Olam Group's Singapore-listed shares saw the biggest jump by 17 per cent in nearly 15 years amid zero evidence of…
Nigeria’s inflation hits 29.90%, highest since mid-1996
Nigeria’s headline inflation rate rose to 29.90 per cent in January 2024, compared to 28.92 per cent in December…
Shell to establish gas supply facility for Dangote fertiliser in Nigeria
Shell Plc has decided to move forward with the establishment of a gas supply facility in Nigeria to feed a…
Nigeria devalues currency for 2nd time
Nigeria has drastically devalued its currency for the second time in eight months, to streamline its convoluted…
