W/Bank mobilises $5.79bn private capital for Nigeria
By Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […]
Shell, GTbank agree $270m oil-backed loan to Amni
Shell Western Supply and Trading Limited, a subsidiary of Royal Dutch Shell and Guaranty Trust Bank have granted a $270 million loan to Amni International Petroleum Development Company Limited.
EKEDC appeals to police, armed forces on settlement of debt
THE management of Eko Electricity Distribution Companies, EKEDC, has urged security agencies to pay their outstanding debt.
Shell says Amnesty Intl’s claims on 89 oil spills false, without merit
Amnesty International has queried oil companies, Shell Petroleum Development Company and Eni trading in Nigeria as Nigeria Agip Oil Company, on the 89 out of the 1,830 oil spills reported by both companies in Nigeria between 2011 and 2018.
AU launches ambitious bid for world’s largest free trade area
Africa’s leaders will gather in Rwanda Wednesday to launch what they say will be the world’s largest free trade area but Nigeria has already pulled out, highlighting the challenge in getting the continent to sign up.
CBN sustains foreign exchange market liquidity with $210m
The Central Bank of Nigeria (CBN), on Monday injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market.
