Business News

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that the implementation of Value Added Tax (VAT) increase from five per cent to 7.5 per cent will take effect from February 1, 2020. Mrs. Ahmed said this…

Some bank customers have frowned at their banks’ for not complying with the new guidelines for charges on Automated Teller Machine (ATM), released by the Central Bank of Nigeria (CBN). Some of the customers who spoke to the News Agency…

Africa’s growing youth population, rapid urbanisation and the increased purchasing power of these consumers, are key factors that are driving this massive US$500 billion retail ecosystem. This high growth industry needs to be equipped…

The Central Bank of Nigeria (CBN) has announced a new regime of charges banks can levy on their customers, including on Automated Teller Machine (ATM) transactions. In a move that would boost the Christmas spirit of bank customers, the…

The African Development Bank’s (www.AfDB.org) Board of Directors has approved a $60m loan to Elnefeidi Group Holding Company to help finance its long-term agriculture and food expansion programme. The planned expansion includes…

Today, Alioune Ndiaye, CEO of Orange Africa and Middle East (www.Orange.com), and Kathinka Kurz, Head of the Development Partnerships Program with the private sector (develoPPP.de) at the Deutsche Gesellschaft für Internationale…

The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a Partial Risk Guarantee (PRG) of $100 million to support the Sahofika hydro-power project in Madagascar, which will add 205 MW of renewable energy…

Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says arrears of consequential adjustment for the new minimum wage will be paid to workers in December. Ahmed gave the assurance while answering questions from…

The Board of Directors of the African Development Bank (https://www.AfDB.org/) has approved a €109 million facility for the development of sewage disposal and wastewater treatment plants for rural areas in Luxor Governorate in Egypt’s…

The Ministry of Mines and Hydrocarbons has concluded its work program and budget meeting evaluations after technical negotiations with oil and gas companies; The country estimates $1.2 billion in investments and a contingent forecast of…