Goddy Ikeh
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, signed a multilateral financing and implementation agreement to support the Forward7 initiative in Nigeria.
The President of Dangote Industries Limited, Aliko Dangote, says that in the next two years, the company will be exporting almost 16,000 tonnes of fertiliser, which will amount to about $7m daily revenue to the Nigerian Government.
The Nigeria Sovereign Investment Authority (NSIA) will host over 15 African sovereign wealth funds and global investment leaders at the Africa Sovereign Investors Forum 2025, scheduled for June in Abuja.
The World Bank has urged the Nigerian Government to issue a presidential order raising excise duties on goods such as alcohol, tobacco, and sugary drinks as a key requirement under the $750m loan granted to Nigeria to reform its non-oil revenue mobilisation efforts.
Nigeria’s Minister of Solid Minerals Development, Dele Alake, says that Nigeria attracted over $800 million in processing investments in its solid minerals sector last year.
Nigeria’s Minister of State for Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has charged major gas-producing companies operating in Nigeria to take concrete steps to increase daily gas production by one billion standard cubic feet per annum between 2025 and 2030.
Ghana’s Minister of Finance, Dr Cassiel Ato Forson, says he will push foe a new policy direction that will restrict the importation of goods that can be produced locally, as part of broader efforts to stimulate domestic manufacturing, create employment, and protect Ghanaian industries.
The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 28 per cent in order to consolidate gains made in controlling inflation and supporting currency stability.
The Securities and Exchange Commission (SEC) says that listed companies on the Nigerian Exchange declared a total dividend of N1.1 trillion for shareholders in 2024.
The Nigerian Exchange Limited (NGX) reversed four consecutive weeks of the bullish trend, as investors’ wealth declined by N202 billion reflecting a response to the decision by the Central Bank of Nigeria to hold the rate at 27.5 per cent.