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West Africa Business News
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West Africa business news as they happen on News Central
U.S.-based Equinix to Acquire Nigeria’s MainOne for $320m
Equinix announced on Tuesday that it will pay $320 million for MainOne, a West African data centre and…
NGX Indices Drop 0.38% in Bearish Trading
Domestic equity market activities continued last week’s bearish trends, with indices dropping 0.38 per cent amid sell-off pressure.…
TradeDepot Raises $110m to Support ‘Buy-Now-Pay-Later’ Service in Africa
TradeDepot, a leading B2B eCommerce platform in Africa, has raised $110 million in equity and debt funding to…
IMF Forecasts 5% Growth for Senegal Economy in 2021
The International Monetary Fund has said that Senegal’s economy will grow 5% in 2021 thanks in part to…
Nigerian Bourse Ends November Bearish
The Nigerian stock market ended the month of November on a bearish note on Tuesday with a loss…
Nigeria’s Exchange Rate Policy Discourages Investors, Increases Inflation – World Bank
Nigeria’s exchange rate management policies have been criticized by the World Bank as discouraging investment and fueling inflation…
NGX Closes Green as Market Capitalisation Rises by N19Bln
Nigerian Exchange Group (NGX), which had closed in the red on Monday, reversed the negative trend on Tuesday…
FG Spends N123.7bn as Petrol Subsidy in September
In September 2021, the Nigerian National Petroleum Corporation (NNPC) revealed that it spent N123.73 billion on petrol subsidies.…
Ghana Gets New US Funded Energy Infrastructure
The United States and the Ghanaian governments on Wednesday inaugurated a GH₵ 391.9 million – about $64.7 million…
Nigeria Generates Lower Personal Income Tax Than South Africa – Revenue Chief
The Chairman of the Federal Inland Revenue Service, Muhammad Nami, has said Nigeria earns lower than what its…