Africa Archives — Page 4 of 10

June 9, 2022 No Responses

Access Bank Acquires $37m Stake In Kenya’s Sidian Bank

Access Bank Holding Plc has concluded plans to acquire Kenya’s Sidian Bank Ltd., for N15 billion ($37 million). The bank disclosed this in a notice signed by Mr Sunday Ekwochi, Company Secretary of the bank, and made available on the...

May 28, 2022 No Responses

World Bank Implores Africa On Green, Sustainable Bonds

The World Bank has said that Green, Social and Sustainable (GSS) bonds could contribute to Africa’s sustainable economy. Mr Jorge Calderon, the Vice President and Treasurer, World Bank Treasury said this at a virtual workshop on GSS Bond Market Develop...

May 28, 2022 No Responses

GTCO Plc’s GTBank Bags Africa’s Best Brands Awards

Guaranty Trust Bank Ltd (GTBank), the banking subsidiary of Guaranty Trust Holding Company Plc (GTCO Plc), has emerged winner in four major categories at the 12th annual Brand Africa 100: Africa’s Best Brands 2022 rankings of the Top 100 Most...

May 18, 2022 No Responses

Heirs Oil & Gas’ OML 17wins PFI Africa Deal Of The Year

Africa’s integrated energy company has been awarded the ‘Africa deal of the year 2021’byProject Finance International (PFI), following the $1.1 billion financing and acquisition of45% stake in OML 17 in 2021. The award ceremony which took placeon Monday,...

May 11, 2022 No Responses

Gulf Of Guinea Accounts For 4.5million Barrels Of Oil Daily, Says CNS

The Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, on Tuesday said that the Gulf of Guinea accounted for about 4.5million barrels of oil produced daily in Africa. Gambo said this at the 10th SECUREX West Africa 2022 International...

May 10, 2022 No Responses

NIMASA Seeks Harmonisation Of Port State Control Procedures

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has stated that the growth potential and high expectations of maritime stakeholders for the industry would only be realized through the development of a ...

May 9, 2022 No Responses

Osinbajo: Africa Must Produce What It Eats

Vice-President Yemi Osinbajo on Monday challenged Africa to produce what it eats and reduce its dependence on external countries. Osinbajo made the call at a conference of Speakers and Heads of African Parliaments holding in Abuja. He said...

May 2, 2022 No Responses

Geely Delivers 78,478 Units In February, Penetrates African Market

For the Month of February 2022, Geely Auto recorded total sales volume of 78,478 units, an increase of approximately Two per cent from the same period last year, but down approximately 46% from January 2022, primarily due to the supply sho...

April 20, 2022 No Responses

Union Bank Bags Middle East, Africa Innovation Awards

Union Bank of Nigeria has received the highly acclaimed award for the Best Trade Finance Platform Initiative, at the recently concluded Middle East & Africa Banking Innovation Awards 2022. A statement sent to City Business News Online explained that the...

April 11, 2022 No Responses

NSML Gets First Sub-Saharan African Terminal Environmental Certification

NLNG Ship Management Limited (NSML), manager of the Nigeria LNG Limited (NLNG) Bonny Terminal, has achieved the terminal’s Ecoport Port Environmental Review System (PERS) certification, making it the first certification of its kind in any port in Sub-Saharan...

April 11, 2022 No Responses

SEC Nigeria Receives FSD Africa Delegation, Harps On Technology-Driven Market

The Securities and Exchange Commission has restated its commitment to ensuring that technology plays a major role in enabling the nation’s capital market attain its full potentials. Director General of the SEC, Mr. Lamido Yuguda stated this durin...

March 23, 2022 No Responses

JBS ELDERLY FOUNDATION WALKS FOR UNDERPRIVILEGED ELDERLY PEOPLE

In a demonstration of her commitment to the underprivileged elderly people living in sub-Saharan Africa, starting from Nigeria, JBS Elderly Health & Wellbeing Foundation Africa (JBS EHWF Africa) is having her first-ever sponsored walk this March, tagged, T...

March 2, 2022 No Responses

Nigeria Signs Natural Gas MoU With Equatorial Guinea

Nigeria and Equatorial Guinea on Tuesday signed landmark Memorandum of Understanding (MoU) to supply gas from Nigerian offshore fields to the neighbouring Equatorial Guinea Gas Processing Facility at Punta Europa. A statement sent to City Business News expla...

February 23, 2022 No Responses

Shell Reiterates Commitment To Lower CO2 Emissions In Nigeria

Nigeria’s leading energy company, Shell, has reiterated its commitment to supporting efforts to help the country meet its lower carbon emission target. “Apart from this being the right thing to do, it is also good for our business in Nigeria,”...