Thirteen African countries have been ranked higher than Nigeria in Forbes Magazine’s Best Country for Business ranking for 2019. Nigeria emerged as the 110th Best Country for Business, below South Africa, ranked 59, Morocco (62), Seychelles (66), Tunisia (82), Botswana (83), Rwanda (90), Kenya (93), Ghana (94), Egypt (95), Namibia (96), Senegal (100), Zambia (103) […]
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Nigeria has lost opportunity of exporting 1.4 million tons of coal from the middle belt area of the country to Ghana annually, the Nigerian Export Import Bank, NEXIM has said. Speaking at the Sub-regional workshop and joint committee meeting organized by the Union of African Shippers Council in conjunction with the United Nations Conference on […]
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By Chijioke Ohuocha LAGOS, May 2 (Reuters) – Nigerian energy firm Forte Oil said it plans to sell its upstream services and power businesses in Nigeria and divest from Ghana to focus on its core fuel distribution operation at home. The move comes as a surprise about-turn for a company whose Chief Executive Akin Akinfemiwa […]
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While reiterating its commitment in creating economic opportunities for Nigerians through technology, Uber, through its West Africa region’s general manager, Lola Kassim, has disclosed that Uber has 267,000 riders who actively use the app, and 7,000 driver-partners. Speaking during a media chat tagged “Meet and Greet Lola” in Lagos at the weekend, Kassim said, “In […]
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Ghanaian President Nana Akufo-Addo has praised the contributions of Zenith Bank to the Ghanaian financial services sector. Describing the bank as a ‘truly pan-African bank’ with presence in several countries on the continent, he said that Africa needs institutions like Zenith Bank to bring about a united West Africa and Africa, that will engender future […]
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Nigeria’s Access Bank plans to pursue organic growth in Ghana rather than mergers or acquisitions after the central bank raised the minimum capital requirement for lenders in the West African country, its group chief executive said on Tuesday. Ghana’s central bank in September raised the minimum capital required for banks threefold to 400 million cedis […]
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A delegation from Ghana’s National Petroleum Authority visited the management of Techno Oil Ltd. in Lagos on Friday to seek collaboration on Liquefied Natural Gas and cylinder marketing in Ghana. The leader of the delegation, Mrs Sheila Abiemo, told reporters that the Ghanaian government was sourcing ideas from some countries, including Nigeria, to help Ghana […]
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UBA Foundation, the corporate social responsibility arm of the United Bank for Africa Plc, is calling on all Senior High School students in Ghana to participate in the 2017 edition of the National Essay Competition (NEC). Launched in 2014 in Ghana, the competition provides a competitive platform to develop the intellectual and writing abilities of […]
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Tullow Oil said Saturday it would restart drilling by the end of the year after a ruling in a maritime boundary dispute between Ghana and Ivory Coast. The International Tribunal for the Law of the Sea found that “Ghana did not violate the sovereign rights” of Ivory Coast by drilling for oil in the region. […]
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The central bank has given commercial banks in the country up to the end of next year – December 2018, to meet the new minimum capital requirement. According to sources, the central bank has announced that in accordance with section 28 (1) of the Banks and Specialized Deposit Taking Institutions Act 2016 Act (930) it […]
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MTN group’s subscribers have reduced by by 3.6 percent to a total of 231.8 million across its 22 operations in Africa and the Middle East. This interim result was released yesterday by the group for the six months ended June 30, 2017. According to the telco, it lost more subscribers in Nigeria, with a drop […]
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The Minister for Energy, Ghana, Mr. Boakye Agyarko, has said his country will like to have more gas supply from Nigeria for power generation. Agyarko stated this on Tuesday at the Nigerian Annual International Conference and Exhibition organised by the Society of Petroleum Engineers in Lagos, where he was represented by the acting Chief Executive […]
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