Business

Petroleum Industry Act marks a significant milestone in the administration of Nigeria’s oil and gas industry --- LCCI

LCCI seeks better interface between regulatory agencies, SMES

The Lagos Chamber of Commerce and Industry (LCCI) is seeking direct and effective engagements between Small and Medium Enterprises (SMEs) and regulatory agencies for enhanced transactions, communication and responsive feedback mechanism. Dr Muda Yusuf, Director-General, LCCI, made this known in a press statement made available to the media following a study by the Chamber and […]

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Dangote Cement to pay N40.39 bn in corporate tax

…ramps up production capacity to meet local demand By Eyo Nsima Nigeria’s Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021. According to the financial result published by the country’s largest cement manufacturer on Friday, April

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AfDB

African Development Bank, IFAD and partners redouble efforts to stop hunger in Africa and strengthen food security

The African Development Bank (AfDB.org) and the International Fund for Agricultural Development (IFAD), in partnership with the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, today pledged to work closely with African leaders to address rising hunger on the continent and shore up adequate financing to transform and modernize Africa’s food

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AfDB

Ethiopia: African Development Fund provides $31.2 million to boost nutrition and end child stunting

The Multi-sectoral Approach for Stunting Reduction Project (MASReP) will target forty districts or woredas in the country’s Amhara and Tigray regions The Board of Directors of the African Development Fund has approved a grant of $31.2 million to the Government of Ethiopia to increase access to multi-sectoral nutritional services for children under five years, by

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Dany Mawas explains key financial instruments that are great options for beginner traders to get started with

Online trading is increasing in popularity as more people seek additional and convenient income options. To assist beginners kick-off their trading journeys, Dany Mawas, Regional Director at INFINOX (INFINOX.com) – a globally recognised CFD and FX trading broker which operates in Africa – explains key financial instruments that are great options for beginner traders to

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The banker-turned-poultry farmer becomes champion for African agriculture

“If we must satisfy Africa’s food security with our growing population, then there must be high commercialization of agriculture. That is modern farming.” – Ayotomiwa Yinka Ogunsua, poultry farmer When Ayotomiwa Yinka Ogunsua got a job as a loan officer at a microfinance bank in Ibadan, Nigeria, after graduating from university, he thought he’d done

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AfDB

Africa’s recovery pathway offers enormous opportunities, African Development Bank head says at EU-Africa Green Investment Forum

Sounding a note of optimism at the European Union-Africa Green Investment Forum on Friday, African Development Bank (AfDB.org) President Dr. Akinwumi A. Adesina reminded global audiences of the continent’s vast opportunities for green growth. “Africa is a huge market offering incredible opportunities. The recovery pathway offers enormous opportunities. Recovery must be green and build climate

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AfDB

Sudan: African Development Bank Group approves proposal to clear $413 million arrears

The Boards of Directors of the African Development Bank Group on Friday approved a proposal for the clearance of about $413 million in arrears on loans owed by Sudan to the institution, marking a major milestone in the country’s re-engagement with international financial institutions and the global economy. The proposal enables the Bank to proceed

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African Development Bank appoints Gauthier as Director and Special Advisor in the Office of the President

Leaders Summit on Climate: African Development Bank President says the continent is “ground zero” of the crisis as major economies boost climate targets

African Development Bank President Dr. Akinwumi A. Adesina on Thursday joined 40 heads of state and government at the Leaders Summit on Climate, where the United States, Japan and Canada announced ambitious climate targets to address the escalating emergency. United States President Joe Biden said the US would aim to cut carbon emissions by 50%

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