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Afreximbank’s FEDA to boost FDI

The Fund for Export Development in Africa (FEDA), the equity investment fund created recently by the African Export-Import Bank (Afreximbank), will catalyse foreign direct investment (FDI) flows into Africa’s trade and export sectors, President of the bank, Benedict Oramah has said. Speaking in Tunis during the opening of the Financing Investment and Trade in Africa […]

KADCCIMA reschedules international trade fair

The Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA), organisers of the annual Kaduna International Trade Fair, has rescheduled the 40th Kaduna International Trade Fair till March following the postponement of the general elections. In a statement yesterday, the Director General of the chamber, Mal. Usman Saulawa, disclosed that the fair, which normally comes […]

AGCC makes a move towards linking the Beauty Industry in China and Africa.

TANZANIAN manufacturers of cosmetics have been encouraged to take advantage of upcoming China International Beauty Expo (CIBE) to be held in Guangzhou, China, at which they can learn new technology and formulas for making such products. Organisers said yesterday that they now focus on linking beauty industry in Africa and China, taking into account the […]

EU support Smallholder agri-businesses in Nigeria and other African Countries

The European Union (EU) has provided €45 million to support smallholder agri-businesses in rural areas in Nigeria and other African countries. The EU disclosed this in a statement yesterday. The EU Commissioner for International Cooperation and Development, Neven Mimica, during the inauguration of the support fund in Rome, said the launch of the support known […]

FAAC disbursed N270.17 billion to federal government in January

The Federation Account Allocation Committee (FAAC), disbursed the sum of N270.17 billion to the Federal Government in January, 2019, the National Bureau of Statistics (NBS) has disclosed. The NBS said this in FAAC January, 2019 Disbursement statistics posted on its website. According to the bureau, the states received a total of N178.04 billion while local […]

Sterling Bank secures $65 million loan from BADEA to Finance Private Sector Project and Import Arab goods

Tier 1 lender, Sterling Bank Plc has secured a $65 million (about N23.4 billion) credit facility from the Arab Bank for Economic Development in Africa (BADEA). The fund was released through two loan agreements signed yesterday in Cairo, Egypt. While Director-General, Dr Sidi Ould TAH, signed on behalf of BADEA, Yemi Odubiyi, Executive Director, Corporate […]

Why Dangote should extend investments to Tanzanian oil industry

President, Dangote Group, Aliko Dangote has been enjoined to bring investments into Tanzania’s oil sector. Tanzania’s High Commissioner to Nigeria, Muhidini Ally-Mboweto made this call. In order to seek collaboration between Dangote Group and the Tanzanian government in making the country self-sufficient in petroleum products, Ally-Mboweto led a delegation from Tanzania High Commission and the […]

Glo Partners Huawei to empower 30 varsities, 150 students

Nigeria’s second largest carrier, Globacom and global information communication technology (ICT) firm, Huawei Technologies have partnered to reward Nigerian students across institutions in the country with a combination of high-end smartphones and super-fast internet service. The programme, targeted at 30 universities and 150 Nigerian students, will be offering free Huawei smartphones loaded with six months […]

Why we reduce petrol price to N140 per litre, by IPMAN

Independent Petroleum Marketers Association of Nigeria (IPMAN) National Chairman Chief Chinedu Okoronkwo has clarified that the association decided to reduce the pump price of petrol from N145 to N140 per litre as part of its contribution to ameliorate the suffering of Nigerians travelling to vote during elections. Okoronkwo told The Nation on phone that the […]

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