IMF backs CBN on cryptocurrency transactions ban
The CBN recently issued a circular to all banks stating that all banks must close the accounts that deal with cryptocurrency
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Sohar Port to be expanded in the future
The expansion is expected to bolster Sohar Ports’ potential in the regional and international levels in the segment of cargo and container handling
Kuehne+Nagel to acquire Apex International
Apex International was incorporated in 2001 and has expanded its presence across Asia and beyond
IAG raises $3.4 bn liquidity to remain resilient
IAG has reduced its spending in the past 12 months like any other airline
Spain seeks foreign investors for EU recovery projects
The Spanish government expects to boost the fund’s effectiveness towards the economy through co-investment from private investors and sovereign funds
Access Bank rolls out accelerator programme
The initiative will provide ₦10 mn to the top three finalists as part of the programme
Indonesian coal majors focus on coal gasification projects
The country’s coal mining major Bukit Asam (PTBA) plans to establish a coal-to-DME processing facility this year
NatWest records £351 mn operating loss in 2020
NatWest recorded £3.24 billion of net impairment loss last year. However, the bank achieved £277 million worth of cost reduction
Nigeria mulls property sale to raise funds
The disinvestment strategies for the properties are different. Some of them will be share sales, core investors or some of the sales will be concessions
Egypt’s Nafeza Project to foster logistics sector
The project is expected to create a bridge between the country’s land, maritime and air with each other