Nigeria: Transcorp plans to increase power generation capacity by 2018
Transnational Corporation of Nigeria (Transcorp) is planning to expand its power generation capacity to 2,500MW by 2018 with an investment of $1.57bn. Transcorp, which also […]
Nigeria
India’s M&M looks to maintain double-digit growth in Africa
India’s largest utility and tractor producer, Mahindra and Mahindra or M&M, has set up an Africa-focused business unit as it looks to maintain double-digit growth […]
Tony Elumelu Foundation Welcomes 1000 Pan-African Entrepreneurs
A thousand entrepreneurs selected from over 20,000 applicants from all over Africa are expected to converge in Nigeria for a two-day boot camp session. This […]
Nigeria: The central bank increases foreign-currency curbs
The central Bank of Nigeria (CBN) has curbed access to the interbank currency market for the purchase of foreign currency bonds as well as a […]
Nigeria’s Central Bank approves initial N152bn release in real sector facility
The Central Bank of Nigeria (CBN) has approved an initial N152 billion loan under its newly set up N300 billion Real Sector Support Fund (RSSF) […]
Nigeria: Sanusi to head Blackstone Africa energy fund
Blackstone and Black Rhino, the giant private-equity firm, has revealed on Thursday, the appointment of Lamido Sanusi, Emir of Kano and Former Governor of the […]
Ecobank names Nigerian Ade Ayeyemi as new Group CEO
Ecobank Transnational Incorporated, parent company of the Ecobank Group, the leading pan-African bank with operations in 36 countries across the continent, has announced the appointment […]
Emirates airline to serve Cameroon as of this June
Emirates, the Middle East’s biggest carrier, will open a new route to Cameroon as of this June according to information revealed by the pan-African newspaper, […]
Africa loses $ 11 billion annually from fraud and tax avoidance, Oxfam
Multinational companies deprive African governments of 11 billion dollars in taxes each year, and the G7 world leaders should set up a new global body […]
Nigeria’s anti-graft agency arrests over 20 bankers for fraud
Just few days after Nigeria’s new president took office, the country’s anti-corruption agency accused top officials from the central bank of involvement in a multimillion-dollar […]