Tag: Nigeria

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Nigeria’s new President Tinubu promises economic reboot

Nigeria's new President Bola Tinubu vowed at his swearing-in on Monday to expand the economy by at least 6% a year, lift barriers to...

Nigeria needs $12 billion to clean up Bayelsa oil spills – report

Nigeria needs $12 billion to clean up decades-old oil spills in southern Bayelsa state over a 12-year period, a new report said on Tuesday,...

African digital credit company M-Kopa signs $255 mln in new funding

African financing platform M-Kopa has signed a total of $255 million in new debt and equity from Standard Bank and Sumitomo Corporation among others...

Nigerian president to commission Dangote refinery in two weeks

Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery in two weeks, a presidency spokesperson said on Sunday, setting up the...

Nigeria’s senate approves restructure of $52 bln in cenbank loans

Nigeria's senate has approved a request by President Muhammadu Buhari to restructure 23.7 trillion naira ($52 billion) in short-term loans due to the central bank to...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

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