The African Development Bank (AfDB) has appointed a new director for Syndication, Co-financing and Client Solutions Department, effective July 1. He is Mr Max Magor Ndiaye. Ndiaye is a structured finance, risk management and capital markets professional with 20 years of international public and private sector experience. Before this appointment, he served as the Acting […]
Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters – Saudi Arabia and Russia – against the backdrop of an uncertain global economic outlook. Brent crude futures climbed 32 cents, or 0.42 per cent, to $75.73 a barrel by 0805 GMT. U.S. West Texas Intermediate crude was at $70.96 […]
Anambra indigenes residents in Cote d`Ivoire have called on the state government to create an enabling environment that would attract people in the Diaspora to invest at home. They also said that Anambra people in the Diaspora were eager to invest in the state to boost its economy. Nze Chiadi Chinazo, Vice-President of Anambra State […]
The Vice President, Sen. Kashim Shettima, on Monday in Abuja, decorated the new Comptroller-General of the Nigeria Customs Service (NCS). Shettima described the appointment of Mr Adewale Adeniyi by President Bola Tinubu as a morale booster for officers in the service. The NewsZenith reports that the Chief of Staff to the President, Femi Gbajabiamila witnessed […]
Malaysia’s exports are projected to reach $425 billion by 2030 with an annual growth rate of 6.8 per cent, Standard Chartered said on Monday. According to the global bank, China and Singapore are expected to continue to dominate Malaysia’s trade, while India, Vietnam and Indonesia are emerging as high-opportunity trade partners. Malaysia’s exports to China […]
The Debt Management Office (DMO) said the total public debt stock of Nigeria as of March was N49.95 trillion ($108.30 billion). DMO said in a statement on its official website on Sunday, that the debt stock comprises the external and domestic debts of the Federal Government, the 36 states and Federal Capital Territory. The country’s […]
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has signed memorandum of understanding (MoU) with the First Bank and Sterling Bank to develop and promote Micro Small and Medium Enterprises (MSMEs). In his remarks at First Bank event, Dr Olawale Fasanya, Director-General of SMEDAN identified funding as critical issue for MSMEs. Fasanya, therefore, […]
The Nigeria Communications Commission (NCC) says it has reduced the number of identified areas of clusters without access to telecommunication services by 53 per cent in 2022. The Chief Executive Officer of the Nigerian Communication Commission (NCC), Prof. Umar Garba Danbatta, announced this at a recent telecoms industry stakeholders forum in Yenagoa, Bayelsa state. Danbatta […]
Nigeria’s sovereign dollar-denominated bonds rose sharply as overseas investors welcomed the suspension late last week of Central Bank Governor, Godwin Emefiele. Emefiele oversaw multiple exchange rates that unsuccessfully sought to keep the naira strong. The price of the West African oil producer’s eurobonds rose on Monday as much as 2.6 cents in the dollar. This […]
Nigeria’s telecommunications and Information Services sector contributed about N2.51 trillion to the nation’s gross domestic product (GDP), representing 14.13 per cent, in the first quarter of 2023. Reuben Muoka, Director of Public Affairs at Nigerian Communications Commission (NCC) announced this in a statement emailed to The NewsZenith at the weekend. Figures released by National Bureau […]