Category: BUSINESS

Cassava Technologies and Mitsui Sign MoU to Accelerate Digital Transformation in Africa

Ayo Olowo

Cassava Technologies (CassavaTechnologies.com), Africa’s first integrated tech company of continental scale, today announced that it has entered into a memorandum of understanding (MOU) with Mitsui & Co., Ltd (Mitsui), one of Japan’s largest global conglomerates. Cassava Technologies and Mitsui share a common vision of facilitating digital transformation across Africa. The partnership will bring together the […]

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UBA Group Dominates the 2021 Banker Awards, Wins ‘African Bank of the Year’

Ayo Olowo

Africa’s global bank, United Bank for Africa (UBA) Plc yet again, reaffirms its leadership position across Africa, as the bank has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading global finance news publication published by the Financial Times of London. UBA’s solid financial performance, its excellent […]

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Cabo Verde set to host hybrid 2021 African Economic Conference on financing development in the Covid-19 era

Ayo Olowo

African heads of state and government together with senior policymakers will share their perspectives on how to reshape Africa’s development financing models at the 2021 African Economic Conference, which takes place on Thursday, 2 December. Cabo Verde Deputy Prime Minister and Minister of Finance Olavo Correia said the conference offered “an extraordinarily important moment” to chart […]

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NLC rejects planned petrol price increase, describes it as “comical”

News Agency

The Nigeria Labour Congress (NLC) has rejected a planned petroleum price increase. NLC President, Ayuba Wabba, made the call in a statement he issued to reporters in Abuja, entitled: ”Nigerian workers refused to take the bait’’. According to him, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, announced that petrol could cost as much […]

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ICRC delighted over approval of OBC for establishment of Nigerian Air

News Agency

By Folasade Akpan The Infrastructure Concession Regulatory Commission (ICRC) has expressed delight over the approval of the Outline Business Case (OBC) for the establishment of the National Carrier (Nigerian Air) by the Federal Executive Council (FEC). Mr Micheal Ohiani, the Acting Director General of ICRC said this in a statement on Wednesday in Abuja after […]

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NNPC concludes $1bn mega deal with Afrieximbank to boost oil output

Ayo Olowo

The African Export-Import Bank (Afreximbank) has signed a $1.04 billion deal with the Nigerian National Petroleum Corporation (NNPC) to boost oil output.  The deal was signed at the ongoing Intra-African Trade Fair (IATF) in Durban, South Africa. The transaction comprises a pre-export/shipment finance facility underpinned by a forward sale agreement (FSA) and offtake contracts from the Nigerian National Petroleum […]

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