Nigerians carried out N1.41tn worth of transactions on the Point of Sales terminals across the country in 2017.
As Nigeria exits the recession of 2017, investor sentiment across West Africa is likely to experience uplift in 2018. Still, political uncertainty ahead of Nigeria’s 2019 presidential elections and on-going security concerns are among the key risks for businesses operating in the region.
There is strong indication that after cement, Nigeria's steel industry is the next sector to watch as African Industries Group, the largest steel manufacturer in the country, has started exporting the product to Morocco, Egypt and Ghana.
Buhari administration engages national assembly, chief justice in new ease of doing business action plan
The Presidential Enabling Business Environment Council (PEBEC), which is chaired by Vice President Yemi Osinbajo, will, on Tuesday, consider new and specific initiatives to be implemented over a 60-day period in the National Action Plan 2.0.
Following the announcement that it will float a N50 billion rights issue in 2017, Union Bank has now received the required approvals from the Securities and Exchange Commission (SEC) to move forward on raising the Tier 1 capital.
East Africa continues to maintain its lead in regional growth in Africa reaching 5.3% in 2016 Real GDP growth. The economic success of Ethiopia is attributable to its desire to grow its economic base amidst structural challenges.
The African Export-Import Bank has in Kigali signed agreements to provide financing facilities totaling $1.11 billion to support African entities engaged in intra-African trade.
Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria.
The African Export-Import Bank (Afreximbank) and the Development Bank of the Republic of Belarus have entered into a memorandum of understanding (MOU) for the financing and promotion of trade between African countries and Belarus.
Nigeria and Ethiopia are set to enter into a technical partnership for joint trading of commodities for the two regions of East and West Africa and the two countries.