Sectors
News about Companies, SMEs, Startups
Largest private investment in Africa begins $15 billion financing
The entire $23 billion process will ship natural gas from Africa to the global markets.
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Focus on some key resolutions reached during Ecobank Transnational’s 32nd AGM
Note that this was the first time Ecobank Transnational Incorporated would be holding its AGM by proxies.
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Imported fuel reportedly of lower quality compared to illegally-refined fuel in the Niger-Delta creeks
The importation of petroleum products has remained a major financial burden to Nigeria.
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Shell warns investors it may write down up to $22 billion due to oil crash
Shell estimated its oil sales volumes in Q2 2020 to be between 3.5 million to 4.5 million barrels per day.
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CBN takes another major step towards regulating Nigerian fintech firms
The plan is to ensure that every new fintech product obtains regulatory approval prior to being launched.
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Here’s what will happen to Nigeria’s insurance sector in the short to medium term
The Nigerian insurance sector is expected to grow at a subdued rate in 2020 due to the COVID-19 pandemic.
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Tariff Hike postponed till first quarter of 2021
The National Assembly in conjunction with stakeholders have stopped the planned tariff hike scheduled for July 1
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Key new forecasts for Nigerian banks as they navigate COVID-19 pandemic
Nigerian banks are expected to experience a slowdown in 2020 due to the COVID-19 pandemic.
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Access Bank rescinds decision on collection of accrued stamp duty from customers
Access Bank apologised to its customers and said it will bear the cost of the stamp duty.
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Quick Take: SWOT analysis of Nigeria’s financial sector according to Fitch Solutions
The Coronavirus pandemic is top on the list of factors weakening the Nigerian financial sector.
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