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The Central Bank of Nigeria (CBN) has unveiled series of guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS), Micro, Small and Medium Enterprises Development Fund (MSMEDF), the Accelerated Agricultural Development Scheme (AADS) and seven other intervention schemes in its bouquet.
Speaker of the House of Representatives Femi Gbajabiamila says Nigeria must increase its industrialisation and manufacturing activities through the free trade zones to survive the African Continental Free Trade Area (AfCFTA) regime.
South Africa’s manufacturing output fell 49.4% year on year in April during a nationwide lockdown, after contracting by a revised 5.5% in March, the statistics agency said on Thursday.
The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention (NCI) Fund from 200 million dollars to 350 million dollars.
OneWeb, which has its headquarters in the UK, filed for Chapter 11 bankruptcy protection in the US in March, after it was unable to secure financing. Bharti Global also will invest $500 million as part of the deal.
President of the Senate, Ahmad Lawan, on Monday charged the Senate Committee on Power to look at what has happened to the agreement signed in 2013 on the privatisation of power sector.
The Central Bank says it is developing a framework to offer grants and credit to researchers, science institutions and biotechnology firms to develop a vaccine against Covid-19.
International Labour Organisation, ILO, has said the COVID-19 lockdown and containment measures across the globe will increase poverty levels among the world’s informal economy workers by 56 percent in low-income countries.
South African private sector activity fell to a new record low in April, a business survey showed on Wednesday, as company closures due to a nationwide coronavirus lockdown led to a collapse in demand.
The Lagos Chamber of Commerce and Industry (LCCI) has advised organised private sector to leverage creativity and innovation to rebuild a competitive economy post-COVID-19.
Lenders in the East African nation have so far restructured 81.7 billion shillings in loans since the central bank allowed them to offer relief to distressed borrowers on March 18, the central bank said last week.
Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and construction sectors, finance minister Ukur Yatani said on Tuesday.
South Africa plans to reopen its agriculture sector and allow some manufacturing and retail to resume as the country balances the need to restart economic output and curb the spread of the new coronavirus, trade minister Ebrahim Patel said on Saturday.
The number of COVID cases continues to rise. There are 2.3 million confirmed cases around the world, with more than 160,000 deaths, according to the Johns Hopkins Coronavirus Resource Center.
US President Donald Trump looming TikTok ban may only be the beginning of the popular video app’s headaches, as a growing number of nations are becoming suspicious of its ties to China.
The announcement by Shoprite Holdings Limited, the South African supermarket chain operator, of a formal process to consider the potential sale of all or a majority stake in its Retail Supermarkets Nigeria Limited may be an opporunity for Nigerian investors, the Nigerian Investment Promotion Commission (NIPC) has said.
The former Minister of Finance, Kemi Adeosun, and the incumbent Minister of Finance, Budget and National Planning, Zainab Ahmed, are expected to appear in person before the House of Representatives Committee on Public Accounts to give accounts on the sum of 1.7 trillion naira appropriated for the implementation of National Social Investment Programmes from 2016 to 2019.
The Independent National Electoral Commission (INEC), in Edo State, has tendered apology to the residents of the state, especially those who turned 18 this year, for not being able to participate in the September 19 governorship election in the state.
Pope Francis has appointed six women to the Vatican's economic council, a first for the financial watchdog overseeing the administrative and financial structures of the Holy See.
The Nigeria Governors’ Forum (NGF) has pledged to provide appropriate health and security measures for the 2019 Annual Performance Assessment of States (SFTAS) programme expected to start from Sunday.
The West African Examinations Council (WAEC) has released the timetable for the 2020 West African Senior School Certificate Examination.
The military has shed more light on its controversial Operation Safe Corridor programme which has once again recently come under fire from the Nigerian public.
Coalition Against COVID-19 (CACOVID) has begun the distribution of food items, as palliatives to Kano residents to alleviate their hardship caused by the pandemic.
Minister of Transportation, Rt. Hon Chibuike Rotimi Amaechi, has explained that the clause ‘waiving sovereignty’ in the loan agreement between Nigeria and China was only a contract term, a sovereign guarantee that assures payback according to the terms and conditions of any loan.