Lagos — Wednesday trading activities on the floor of Nigerian Stock Exchange for energy companies ended on a positive note as Ardova formally known as Forte Oil and Oando led the gaine... Read more
Lagos — Finance Minister Zainab Ahmed has discclosed that the Nigerian government was amending its 2020 budget to assume an oil price of $20 per barrel. She stated this in a web confer... Read more
Lagos — Nigeria’s economy is projected to contract by 3.4%, government officials said on Tuesday, as dwindling oil revenues and the new coronavirus forced the country to cut budget pla... Read more
Lagos — Nigeria is in talks to defer debt service obligations to “2021 and beyond”, Finance Minister Zainab Ahmed said in a web conference on Tuesday. “It’s not debt forgiveness, it’s... Read more
*ITFC intervention to help finance essential strategic food commodities in light of the impact of COVID-19 JEDDAH, Kingdom of Saudi Arabia — The International Islamic Trade Finance Cor... Read more
Dubai — Iran plans to issue sukuk securities worth up to $217 million to fund oil and natural gas projects, state-run energy news service SHANA reported on Saturday. Vice President Esh... Read more
Matthew Asabor Lagos — The Federal government bond market closed the week on a rather hushed note, with very little transaction volumes consummated in the market, as traders tried to w... Read more
Abidjan, Côte d’Ivoire – The African Development Bank Group, on 20 April 2020, announced the debarment of Sinotec Company Limited, an energy solutions company registered in China. Pursuant t... Read more
Matthew Asabor Lagos – The Central Bank of Nigeria has resumed the provision of foreign exchange to commercial bank across the country. In a press release by the apex bank, the Director, Cor... Read more
*The package consists of a $32 million line of credit from the African Development Bank and an additional $8 million in parallel financing from the Africa Growing Together Fund (AGTF) ABIDJA... Read more
