Business

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Okonjo-Iweala Seeks Debt Relief For Low-Income Countries To Boost Trade

Oluwaseye Ogunsanya March 31, 2021

The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, says multilateral debt relief for low-income countries will boost investment and trade globally. Okonjo-Iweala said this on Monday while speaking at a meeting with heads of state and government on the International Debt Architecture and Liquidity. Okonjo-Iweala recalled that the […]

22

Business

Dangote Fertiliser Plant To Begin Operations Next Week

Oluwaseye Ogunsanya March 22, 2021

The $2 billion granulated urea fertiliser plant located at Ibeju Lekki, Lagos, will start operations next week, this is according to the chairman of Dangote Group, Aliko Dangote. He made this known in Lagos on Saturday, during a tour of facilities by Babajide Sanwo-Olu, governor of Lagos, at the Lekki […]

25

Business

Innovation In Africa Is Advanced Than Other Parts Of The World, Says Flutterwave CEO

Oluwaseye Ogunsanya March 20, 2021

The CEO of Flutterwave, a digital payment platform, Olugbenga Agboola, says innovation in Africa is ahead of other parts of the world. Agboola made this revelation known while speaking at the Africa financial industry summit. He said the boom in the fintech industry started with the development of M-Pesa — […]

25

Business

EU Reports Nigeria To WTO Over Milk Restriction Policy

Oluwaseye Ogunsanya March 17, 2021

The European Union has written a letter to the World Trade Organisation complaining about the milk and dairy restriction policy of Nigeria. Director-General, World Trade Organisation, Ngozi Okonjo-Iweala, revealed this during her visit to the Central Bank of Nigeria on Tuesday in Abuja. The CBN in July 2019 included milk […]

19

Business

NSE Completes Demutualisation Process, Becomes Publicly Listed Company

Oluwaseye Ogunsanya March 10, 2021

After receiving all requisite approvals from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC), the Nigerian Stock Exchange (NSE) has completed its demutualisation process. This announcement was made known by the exchange in an update published on its website on Wednesday. Demutualisation allows the bourse to sell […]

15

Business

Nigerian Payments Startup Flutterwave Raises $170M, Now Valued At Over $1Bn

Oluwaseye Ogunsanya March 10, 2021

…Considers Possible Dual Listing In New York and Nigeria Nigerian payments startup, Flutterwave, has closed a $170m Series C funding round, the largest amount ever secured by an African tech startup and one that gives it “unicorn” status with a value of over $1bn. Flutterwave is one of several fintech […]

26

Business

CBN Extends Interest Rate Cut On Intervention Facilities By One Year

Oluwaseye Ogunsanya March 4, 2021

The Central Bank of Nigeria (CBN) has extended its reduced interest rates on intervention facilities to businesses by 12 months. The apex bank announced this in a statement released on Wednesday, and signed by its director of financial policy and regulation department, Kelvin Amugo. He said the extension became necessary […]

20

Business

Cryptocurrency: Canada Authorises Bitcoin ETF

Oluwaseye Ogunsanya February 13, 2021

Canada’s main securities regulator has approved the launch of the world’s first exchange-traded bitcoin fund, the investment manager and the regulator said on Friday. This development gives retail investors greater access to the booming cryptocurrency. The Ontario Securities Commission gave Purpose Investments Inc. the green light to roll out the […]

20

Business

By Early 2022, Products from Dangote Refinery Will Hit The Market – Director

Oluwaseye Ogunsanya February 11, 2021

Dangote Group says petroleum products from its 650,000 per day refinery will hit the market by early 2022 against the previous 2021 fourth-quarter target. The Director of Capital Projects and Portfolio Management at Dangote Group, Devakumar Edwin told Arise TV that the earlier date set for completion and products production […]

Okonjo-Iweala Seeks Debt Relief For Low-Income Countries To Boost Trade

Dangote Fertiliser Plant To Begin Operations Next Week

Innovation In Africa Is Advanced Than Other Parts Of The World, Says Flutterwave CEO

EU Reports Nigeria To WTO Over Milk Restriction Policy

NSE Completes Demutualisation Process, Becomes Publicly Listed Company

Nigerian Payments Startup Flutterwave Raises $170M, Now Valued At Over $1Bn

CBN Extends Interest Rate Cut On Intervention Facilities By One Year

Cryptocurrency: Canada Authorises Bitcoin ETF

By Early 2022, Products from Dangote Refinery Will Hit The Market – Director

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