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West Africa Business News
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West Africa business news as they happen on News Central
Nigeria’s SEC Working with CBN to Lift Crypto Trading Ban
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.
Nigeria’s Inflation Rate Soars to 18.17% in March 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.
Solar Home Systems Startup Baobab+ Secures €4 Million Expansion Fund
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.
World Bank Admits Nigeria Exited Recession Faster Than Expected
The World Bank has admitted Nigeria moved out of last year’s recession faster than expected. The bank, in…
Skyhigh Debts: Nigeria Goes After Defaulters
The Nigerian government is set to recover more bad loans. About N5.2 trillion debt owed Africa’s largest economy…
United Nations FAO Builds Veterinary Diagnostic Laboratories in Africa
The National laboratory systems play a vital role in preventing, detecting and responding to health threats and veterinary diagnostic laboratories are at the centre of veterinary services’ control programmes for transboundary animal diseases (TADs).
Nigeria’s Daily Oil Production Rises to 1.42 Million BPD
OPEC’s monthly oil market report for March reported that Nigeria’s oil production increased by 63,000 barrels to 1.42 million BPD in February.
Public Debt in Nigeria Rose to N32.9tn in Dec 2020 – DMO
From its last report on public debt, which was published on the DMO’s official website, the figure stood at N32.2tn as of the end of September 2020, which showed an increase of N700bn, adding that the figures include the Debt Stock of the Federal and State Governments, as well as the Federal Capital Territory.
CBN Introduces New Scheme To Improve Diaspora Remittances
Central Bank of Nigeria, the country’s highest financial institution has introduced a new scheme called the Naira4Dollar Scheme…
Nestlé Nigeria Posts N39.35Bln Profit in 2020
Nestlé Nigeria Plc has reported revenue of N287.08 billion for the 2020 financial year. The company’s audited result…