According to GlaxoSmithKline Nigeria Plc's recently released financial statement for 2023, the company's profit dropped by 33.76% to N510.80 million in 2023 from N771.15 million in the previous financial year.The company announced this in a notice filed with the Nigerian Exchange Limited on Tuesday ...
Mr Akinwumi Adesina, the president of the African Development Bank, stated yesterday that non-transparent resource-backed loans threaten Africa's economic prospects because they make debt resolution more difficult and risk the countries' future growth.He said this at the Semafor Africa Summit, which was held on the sidelines of the International Monetary Fund and World Bank 2024 Spring Meetings."I...
British International Investment, an impact investor and development finance institution based in the United Kingdom, has reported that it has entered into a risk-sharing agreement worth $100 million with Citi to assist African corporations and small and medium-sized businesses with their trade finance requirements.The facility is expected to assist high-potential companies hindered by a lack of f...
