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Tag: afreximbank

Stakeholders: Despite Challenges, MSMEs Contribute Over 60% To Employment

Micro, Small and Medium Enterprises (MSMEs)
The German Corporation has said micro, small and medium sized enterprises (MSMEs) contribute 60 per cent of employment in Nigeria. In a research and survey in partnership with the CentralRead More

NCDMB: Afreximbank Invested Over $42bn In African Enterprises In Five Years

Nigerian Content Development and Monitoring Board (NCDMB)
Africa must address funding, technology, other limitations to achieve energy security, says Sylva The Nigerian Content Development and Monitoring Board (NCDMB) yesterday disclosed that the African Export-Import Bank (Afreximbank) hadRead More

NNPC Secures $5bn Funding From Afreximbank For Upstream Business, Others

Nigerian National Petroleum Corporation (NNPC)
Continental bank to underwrite $1bn as part of transaction The Nigerian National Petroleum Company Limited (NNPC) has secured a $5 billion corporate finance commitment from the African Export-Import Bank (Afreximbank)Read More

CBN Okays I&E Rates For PAPSS Transactions, Excludes Items Banned From Official FX

Central Bank of Nigeria (CBN)
The Central Bank of Nigeria (CBN) has directed commercial banks to apply the exchange rate in the Investors and Exporters (I&E) Window for outbound payments through the Pan African PaymentsRead More

FG to Procure 29.588m Doses of Johnson & Johnson Vaccine

Afreximbank
The Federal Government is committed to procuring 29.588 million doses of the Johnson & Johnson vaccine through the AVAT initiative, coordinated by Afreximbank, the Minister of Finance, Budget and NationalRead More

OPEC, Allies Agree To Ease Oil Production Curbs

Organisation of the Petroleum Exporting Countries (OPEC)
Transparency influenced financing deal for refinery rehabilitation, says NNPC The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, yesterday resolved to gradually ease its oil outputRead More

AU, Johnson & Johnson Sign Agreement For 400m COVID-19 Vaccine Doses

African Union (AU)
The African Union (AU) and Johnson & Johnson have signed a historic COVID-19 vaccine procurement agreement for 400 million doses of the single-shot vaccine. According to a statement yesterday, theRead More

Emefiele Lists Benefits Of ‘Naira 4 Dollar Scheme’ For Diaspora Remittances

CBN Godwin Emefiele
New incentive scheme to last for 60 days, supports forex stability Osinbajo commends new FX policy Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday highlighted the benefits ofRead More

FG: No COVID-19 Vaccine For States Without Cold Stores’ Security

Vice President Yemi Osinbajo and Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha
Govs adopt NPHCDA sharing formula, to take vaccine March 9 The Federal Government yesterday foreclosed access to the Oxford-AstraZeneca COVID-19 vaccine it received on Tuesday to states without adequate securityRead More

Africa Must Produce To Benefit From WTO, Say Soludo, Rewane

Former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo
A former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo, Managing Director, Financial Derivatives Company Limited, Mr Birsmack Rewane, and former Nigerian ambassador to the United States,Read More