Economy

By Emmanuel Nduka Obisue  The World Bank has approved a $500 million financing package aimed at widening access to credit for micro, small and medium enterprises (MSMEs) in Nigeria, a sector widely regarded as the engine...

By Emmanuel Nduka Obisue  Farouk Ahmed has resigned as the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) following corruption allegations raised by Aliko Dangote, Chairman of the Dangote Group. Dangote had...

By Enyichukwu Enemanna Kenya on Monday signed an agreement with a pan-African infrastructure fund - Africa50 and India's PowerGrid Corporation for the investment of $311 million in the construction of two high-voltage electricity transmission lines, the...

By Enyichukwu Enemanna The recent Memorandum of Understanding (MoU) recently signed by Nigeria's foremost revenue-generating agency, the Federal Inland Revenue Service (FIRS) with French Direction Générale des Finances Publiques (DGFiP) is still controversy with some notable...

By Emmanuel Nduka Obisue President of Dangote Industries Limited, Aliko Dangote, has raised questions over the alleged payment of $5 million in foreign secondary school fees for the children of Farouk Ahmed, Chief Executive Officer of...

By Enyichukwu Enemanna The African Development Bank (AfDB) on Friday assured that it would approve a loan facility to the tune of $316 million (270 million euros) for Morocco to finance the country's airport infrastructure in...