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A.p. Moller-Maersk to Invest $600 Million to Strengthen Nigeria’s Port
A.P. Moller-Maersk, a Danish shipping and logistics company, recently announced its plans to invest $600 million to strengthen Nigerian ports' port infrastructure and offer more container shipping ser...
Nigerian Breweries Plc Records N81.88 Billion in Q1 2024 Report
Nigerian Breweries Plc recently reported its Q1 2024 report, highlighting that the brewing company recorded a total gross profit of N81.88 billion in the quarter ending March 31.This significant incre...
CBN Increases the Exchange Rate for Paying Customs Duties by 11.1%
Yesterday, the Central Bank of Nigeria (CBN) increased the exchange rate for paying customs duties at the nation's seaports by 11.1% following the crash in the value of naira against the dollar in the...
$824 Billion Resource-Backed Loans Slowing Africa’s Growth – Akinwumi Adesina
Mr Akinwumi Adesina, the president of the African Development Bank, stated yesterday that non-transparent resource-backed loans threaten Africa's economic prospects because they make debt resolution m...
British International Investment and Citi Invest $100 Million in SMEs
British International Investment, an impact investor and development finance institution based in the United Kingdom, has reported that it has entered into a risk-sharing agreement worth $100 million ...