Business RoundUp - Page 8

Nigeria needs to spend at least 839 billion US dollars by 2030 to address the massive infrastructure deficit in the country. Wale Shonibare, Deputy Group CEO of United Capital told CNBC Africa

President Muhammadu Buhari on Tuesday said he will continue to be the Petroleum minister portfolio in his yet to be announced Cabinet.

Global logistics company DHL, aims to grow the share of revenues generated in emerging markets significantly, with the Sub-Saharan Africa region playing a vital part in this strategy

South African regulators are investigating Volkswagen’s local business to see if cars sold there also rigged carbon emissions data, an official said on Monday.

Netplus Advisory hosted the connect Commerce Conference in Lagos on Tuesday, the conference focused on small businesses adopting online business platforms. According to them, internet based businesses have attracted 200 million US

Half the Nigerian bonds listed on JP Morgan’s emerging markets bond index (GBI-EM) will be removed on Wednesday and the rest next month, the U.S. bank said on Tuesday.

Kenya’s Treasury launched the first-ever government bond offered exclusively via mobile phone, M-Akiba Bond shows how the growing prominence of mobile money solutions is evolving.

Fitch Ratings has declared that Nigerian banks foreign liquidity remains tight despite cutting reserve requirements to 25 per cent. According to the rating agency, this will not add liquidity to the Nigerian