24 C
Abuja
Saturday, January 18, 2020

Business & Finance

Stanbic IBTC attracts highest capital inflow to Nigeria for 3rd quarter 2019

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as the financial institution that attracted the highest amount of capital investment in the third quarter of 2019.This was contained in the Nigerian Capital Importation report...

COMESA, EAC, ECOWAS launch platform to connect African women in business

50 Million African Women Speak platform provides information on starting and growing a business, and has a social networking feature for women entrepreneurs to learn from and do business with each otherA digital platform specifically designed to address the...

Liberia and Ivory Coast sign MOU to promote trade

The Governments of Liberia and Ivory Coast have signed a Memorandum of Understanding (MoU) to help promote trade and economic cooperation between the two countries, according to Daily Observer.The MOU, which was signed on November 15, 2019, is aimed...

BRICS nations to consider adding countries to development bank

Leaders of the BRICS group of leading emerging economy nations meeting this week will discuss opening their development bank to other countries to increase its capital to fund infrastructure and other projects, diplomats and the bank’s head said. The New...

Italy’s Saipem wins $100m pipeline contract in Equatorial Guinea

Italy’s Saipem has been awarded a contract in Equatorial Guinea worth $90-$100 million to build a 70 km subsea pipeline linking the Alen platform with the Punta Europa petrochemical hub, the oil ministry said on Thursday.Gas deliveries from the...

Nigeria sign new deal that increases her share from offshore oil revenue

Nigeria's President Muhammadu Buhari on Monday signed a measure to change the country's agreements with multinational oil companies to significantly increase the share of offshore oil revenue it takes."This afternoon I assented to the bill amending the Deep Offshore...

SICO Egypt smartphone maker to export to Germany next month

Egypt’s first smartphone maker, SICO, said it will begin exporting its devices to Germany in November as part of its expansion plan to sell its products in Europe and Africa, its chairman told Reuters.Silicon Industries Corporation (SICO), which already...

Togo joins league of manganese producing countries

Togo has now joined the circle of manganese-producing countries. Thanks to the soon-to-be exploitation of the Nayega manganese deposit in the far north.The decision was taken at a recent ministerial council meeting in Lomé, the capital. The government has...

World Bank says; Broadband for all in Africa will cost $100B

World Bank says that to achieve full broadband access for all in Africa, where currently, less than a third of the population has access will gulp a whopping US $100 billion.This is according to a report launched at the...

Rwanda scores another first; launches electric motorbikes

Just days after the launch of first made in Africa smartphone, another Rwanda based firm, Safi has launched electric motorbikes to operate as taxis in the country.In a report monitored from BBC Africa, Safi said its fully charged e-motors...
- Advertisement -

Latest News

Two killed, 20 wounded as suicide bomber detonates near Somali capital

At least two people were killed and more than 20 others wounded when a suicide car bomber targeted a...
- Advertisement -

South African man shoots his wife, son and mother then himself

The Secunda community in South Africa is reeling in shock after a man Carel Naude, shot his wife, their disabled child, his own mother...

Museum in Benin rep. celebrates return of stolen artifacts from France

More than two years after France promised to return colonial-era treasures to their African homes, Benin — ostensibly the first recipient of the groundbreaking...

Suspense in Guinea-Bissau as Supreme Court calls for clarification of presidential vote result

The outcome of Guinea-Bissau’s presidential election was thrown into doubt on Friday after the Supreme Court called for a clarification of the tally hours...

Eastern Libya halts more than half the country’s oil output

Eastern Libya ports controlled by commander Khalifa Haftar, who is trying to seize the capital Tripoli, are shutting down oil exports, slashing national crude...