Here are the major headwinds facing Nigerian banks
The Nigerian banking market is facing serious headwinds from slow GDP growth, falling FX reserves/ availability and regulatory pressures. The regulatory pressures on banks...
Private Equity Investors Sign $45million MoU For French Fries Processing Plants In Nigeria
Vicampro Farms has signed a US$45 million MoU with BlackPace B.V and Kiremko B.V. to establish the biggest potato and French fries processing farm...
McKinsey’s Latest Report On Africa-China Economic Partnership Challenges Previous Beliefs
China is Africa’s largest economic partner. Yet it has been a challenge to understand the full extent of the partnership due to a dearth...
Dangote Signs $2 billion Loan Deal with Industrial Commercial Bank of China
Africa’s richest man, Aliko Dangote has signed a $2 billion loan deal with the Industrial Commercial Bank of China Limited to build two more...
OgaVenue Targets $20Bn Nigerian Events Market With New Investment
ogaVenue, a Lagos-based online events venue booking platform, on 18 August, announced that it has secured a $45,000 seed investment from Spark and Hotels.ng....
Eleme Petrochemicals Has A $2.2 Billion Expansion Plan
Eleme Indorama Petrochemicals Company Limited plans an expansion of $2.2bn to become the largest Petrochemicals hub in Africa by 2020, its Managing Director, Manish...
Plateau, BlackPace Sign $65m MOU To Increase Potato Production
BlackPace Africa, an Africa focused investment management and advisory firm and the Plateau State Government have signed a Memorandum of Understanding (MoU) towards a...
A Weak Naira: The Winners And Losers
The biggest economic concern in town currently is the fall of the Nigerian Naira. Many Nigerians are crying that the Naira which used to...
Nigerians Hang Onto Religion In The Face Of Economic Headwinds
Nigerians are finding comfort in their religion as their economic conditions deteriorate; the latest “Personal Well Being” survey by NOI Polls has shown. The...
Nigeria’s troubled electricity sector shaken by new court ruling
As if Nigeria electricity sector is not facing enough troubles already, a Federal High Court in Lagos on 13 July annulled the recent increase...
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