BUSINESS

EDIB International Limited of Hong Kong has expressed willingness to finance the $27.29 billion needed to develop the Escravos Seaport Industrial Complex (ESIC) project in Delta State.The project, located in Escravos (Gbaramatu Island/Omadino) Warri South-West […]

Alert Microfinance Bank has marked its 10th anniversary with the launch of a new logo.In a statement recently, the Chief Executive Officer, Alert MFB, Mr Raji Saheed, reminisced about the humble beginnings of the lender […]

LAGOS  – Abuja Electricity Distribution Company, AEDC, says that its recent changes to its leadership is meant to “realign” the company for proper positioning. The company in its own statement signed by the Managing Director/CEO, Victor Ojelabi, […]

Zenith Bank, joined hands with Ibom Air and Airbus to mark the successful closure of commercial financing for Ibom Air’s inaugural A220 aircraft, received in November 2023. In a statement made available to BusinessDay on Thursday, Zenith […]

IHS Nigeria, a telecommunications infrastructure provider in Africa has completed the deployment of over 10,000 kilometers of fiber optic cables across Nigeria’s 36 states and the Federal Capital Territory.This significant milestone was achieved through its […]

The Nigerian National Petroleum Company Limited has held talks with a South Korean consortium led by Daewoo E & C on the development of gas projects in Nigeria. NNPCL said in a statement issued in […]

The International Energy Agency (IEA) has said that while electricity use per capita in India and Southeast Asia is rapidly rising, it has been effectively stagnant in Africa for more than three decades. Per capita consumption […]

The Central Bank of Nigeria (CBN) has committed $500 million into the forex market. Hakama Sidi-Ali, Acting Director of the Corporate Communications Department at the… The Central Bank of Nigeria (CBN) has committed $500 million […]

The United States Secretary of State, Antony Blinken, has commended the African Development Bank Group for the exceptional efforts it is undertaking to help Africa feed itself and the rest of the world. “Extraordinary work […]

The International Monetary Fund (IMF) has asked low income countries with significant debt repayments falling due in the next two years to refinance about $60 billion of external debts yearly. In a report, IMF said […]