Dangote emphasised that without Afreximbank, the Dangote refinery, petrochemical, and fertilizer projects “would never have been possible,”adding that Africa must continue to build strong African-owned banks that understand and trust African entrepreneurs.
The CBN announced that implementation of the new agent location and exclusivity rules would begin on April 1, 2026.
The BOI’s Managing Director, Dr Olasupo Olusi, said that the initiative, would enable serving corps members to access up to N5 million each at a single-digit interest rate of nine percent per annum, repayable over three years, with a three-month moratorium on both principal and interest.
Cardoso made the disclosure on the occasion of the renaming of the edifice The Wole Soyinka Centre for Culture and the Creative Arts, by President Bola Tinubu, as parts of events to mark Nigeria’s 65th independent anniversary, yesterday.
I urge eligible businesses to visit any UBA branch or the bank’s official website to begin their application process right away.
• Aliko Dangote and Benedict Oramah. Professor Benedict Oramah, President & Chairman of the Board of Directors at Afreximbank (African Export-Import Bank), says that the bank has raised a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL) for refinancing the Dangote Petroleum Refinery and Petrochemicals Complex. The facility is part of an…
Image credit: Afreximbank ‘He succeeds Benedict Oramah, a professor, who has served as President and Chairman of the Board of Directors since 2015, and who will be stepping down in September.” The shareholders of the African Export-Import Bank (Afreximbank) have appointed George Elombi as the next President and Chairman of the Board of Directors of…
“It is open to young Nigerians from all 36 states and the FCT, with a merit-based and inclusive admissions process.“ NOMINATIONS are now opened for the Sterling Bank’s ₦2 billion fully-funded private university scholarships for young Nigerians. In a statement, Abubakar Suleiman, Chief Executive of Sterling Bank, said: “While others talk about Nigeria’s potential, we…
The Ghanaian cedi recently experienced a significant GHS16 to GHS10 appreciation against the US dollar. Bloomberg reported that the cedi has appreciated nearly 16 percent against the US dollar since the start of April 2025. This marks a remarkable turnaround from its previous status as one of the worst-performing currencies in Sub-Saharan Africa in 2024….
” Tah will assume office on 1 September 2025, for a five-year term, following the end of the second mandate of current President, Dr. Akinwumi Adesina.” Sidi Ould Tah of Mauritania was today elected President of the African Development Bank Group at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire. Tah was elected by…
