Nigeria's Consul General to South Africa Malik Abdul also said South Africa imported R35 billion ($2.48 billion) worth of goods, mainly crude oil from Nigeria, and exported R6 billion ($425milion) to Nigeria.
June 16, 2021
According to a statement from the Abu Dhabi Media Office, part of the deal states that Abu Dhabi Exports Office (ADEX) will grant loans through the Trade and Development Bank (TDB) to buyers and importers from the member states for purchasing goods and services from the Emirates.
May 17, 2021
The Memorandum of Understanding was signed by Abderahmane Berthé, AFRAA’s Secretary-General, and Ali Tounsi, ACI Africa’s Secretary-General.
April 26, 2021
According to the report, the supply of trade finance was affected between the first quarter of 2020 due to the COVID-19 pandemic and the inherent tightening of financial conditions and the heightening balance of payment pressures and liquidity constraints.
April 22, 2021
He stated that the exchange commission had halted the implementation of cryptocurrency assets guidelines due to a lack of access to Nigerian Deposit Money Bank accounts.
April 16, 2021
This is an indication of the dwindling purchasing power of Nigerians as it implies that Nigerians spent more on purchasing goods and services in the month of March, compared to February.
April 16, 2021
The startup which is operational in West Africa and Madagascar secured funding from the Energy Entrepreneurs Growth Fund (EEGF), which is managed by Triple Jump, and the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF), which is managed by the LHGP Asset Management.
April 12, 2021
Top East African banks increased provisions for bad debts by over $736 million in 2020 to reduce exposure on household and business loans in the countries ravaged by the Covid-19 pandemic, affecting impacting profitability and returns to shareholders.
April 8, 2021
The East African countries look to borrow more than $750 million in syndicated loans to cushion the economic impact of the Coronavirus pandemic as Kenya, Uganda, South Sudan, and Tanzania have all been seeking either syndicated loans or special drawing rights from the International Monetary Fund (IMF), as they seek to revive economies experiencing the pandemic-induced shocks.
April 6, 2021