News

The Central Bank of Nigeria says a new agreement with the Federal Government to institutionalise fiscal and monetary policy coordination could make the country’s planned transition to inflation targeting significantly easier.

The enforcement operation, carried out on Tuesday, covered Ogba, Idimu-Ikota, Ejigbo, LASU-Iba Road, Igando and Agodo-Egbe areas of Lagos State.

A gas resource discovered more than five decades ago has finally received the investment green light, as TotalEnergies and its Nigerian partner, AMNI International, take the Final Investment Decision (FID) on the $800 million Ima Gas Project.

Nigeria is developing a financing route that could allow small businesses to raise cash against verified unpaid invoices, helping them fund operations while waiting for customers to settle their bills.

Nigerian Exchange Group (NGX Group) has expanded access to its NGX Invest platform with a WhatsApp subscription channel, giving investors another route to participate in public offers, rights issues and initial public offerings.

Dangote Group’s planned Kenyan refinery has taken a step towards development with an engineering and project management contract worth more than $450 million, extending a partnership behind its Nigerian refining business.

The World Health Organisation (WHO) has allocated 20,000 doses of the Ervebo Ebola vaccine for a major clinical research programme in the Democratic Republic of Congo (DRC), as health authorities race to contain an expanding outbreak of the deadly Bundibugyo virus.

The Speaker of the Economic Community of West African States (ECOWAS) Parliament, Rt. Hon. Hajia Memounatou Ibrahima, has said Ghana’s decision to entrust its vice presidency to a woman has raised the bar for women’s political leadership in West Africa.

Akwa Ibom State Governor, Pastor Umo Eno, has assured Seplat Energy Plc of a peaceful and investment-friendly environment for its operations in the state, describing peace as a critical driver of development and investment.

The Centre for the Promotion of Private Enterprise (CPPE) has called on Nigerian banks to reduce lending rates following the Central Bank of Nigeria’s 350-basis-point cut in the Monetary Policy Rate.