Business

Nigeria’s efforts towards building a Beneficial Ownership Register (BOR) in line with global best practice are worthy of emulation by other African countries. Stakeholders including Stephen R Davenport, Global Lead, Governance Global Practice, World Bank gave this commendation in Abuja at the International Peer Learning Workshop on the Use of …

Foremost lawyer Chief Afe Babalola has asked the incoming administration of Asiwaju Bola Ahmed Tinubu to prioritise debt forgiveness for Nigeria from creditors countries and multilateral financial institutions. Babalola said forgiveness or cancellation would relieve Nigeria of humongous foreign debts, adding that lion share of the country’s resources were being …

The Corporate Affairs Commission, (CAC) is poised to fight to a standstill terrorism-financing, money-laundering, ilicit-financial flows perpetuated through registered companies. This is in keeping with the renewed efforts to make the nation’s foremost Company registry, Corporate Affairs Commission, comparable with its peers globally CAC’s Registrar-General, Alhaji Garba Abubakar, said this …

United States Secretary of State, Antony Blinken on Tuesday called Nigeria’s President-Elect, Asiwaju Bola Ahmed Tinubu, emphasizing his continued commitment to further strengthening the US-Nigeria relationship with the incoming administration. Spokesperson Matthew Miller who disclosed this in a brief communique, said the Secretary noted that the U.S.-Nigeria partnership is built on …

The African Development Bank (AFDB) has developed financial instruments to “fast track and front load” $3.5 billion in compensation to white farmers whose land was taken from them by Zimbabwe’s government, the bank’s president said on Monday. Akinwumi Adesina’s announcement, which did not include details of the proposed instruments, comes …

Zimbabwe has concluded a fourth Structured Dialogue Platform meeting on debt clearance with creditors and development partners. President Emmerson Mnangagwa of #Zimbabwe, Akinwumi Adesina, President of the African Development Bank, Joaquim A. Chissano, former President of #Mozambique, Constantino G. D. N. Chiwenga, Vice President of Zimbabwe, government ministers, development partners …

Frustration toward US weaponization of greenback behind local currency settlement deals Efforts by countries to replace the US dollar in international trade will reach a new high when BRICS nations discuss the feasibility of introducing a common currency at a summit in South Africa later this year, Chinese experts said …

The Federal Republic of Nigeria and the International Trade Financing Corporation (itfc) have signed a one billion dollars framework agreement for the next couple of years. Jaiz Bank has also signed a $10 million agreement for the Murabaha financing facility. The signing ceremony took place on Saturday at the four …

Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank President Mr David Malpass to use his “good offices to suspend any disbursement of the $800m loan to the Federal Government and to request the incoming administration to provide satisfactory explanations for the loan.” SERAP urges Mr Malpass and …

If the AfCFTA is implemented, trade barriers removed, long trade barriers removed and logistics transportation improved, intra continental can grow by 53% Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated that Africa must focus on reducing Trade Barriers, regional supply chains, economic diversification and focus on youth-led …