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Times Multimedia Limited sues Afreximbank for N800m over alleged infringement of intellectual property

A Lagos-based creative multimedia firm, Times Multimedia Limited (TML), has sued the African Export-Import Bank (Afreximbank) over an alleged infringement of its intellectual property right. In the suit marked FHL/CS/627/24 and filed at the Federal High Court, Lagos, the plaintiff is seeking N800 million as damages for allegedly infringing on its intellectual property over
News

TMM accuses Afreximbank of aiding CAX IP infringement

Afreximbank has been accused of participating in a copyright infringement of Times Multimedia Limited’s (TMM) Creative Africa Exchange (CAX) IP, a comprehensive platform that unifies the African creative and cultural economy. The organization, which asserts copyright on the phrase “Creative Africa,” expressed its displeasure in a statement about the
Business

COP27: LSF, Afreximbank, Citi to improve African repo market with inaugural $100m transaction

By Motolani Oseni The Liquidity and Sustainability Facility (LSF) designed by the United Nations Economic Commission for Africa (ECA), in collaboration with African Export-Import Bank (Afreximbank), announced at COP 27 that it has concluded its inaugural repo transaction with Citi for an amount of $100 million to improve the liquidity of African sovereign bonds. This […]
News

FG to procure 29 million doses of Johnson & Johnson Vaccine

PHILIP CLEMENT, ABUJA The federal government of Nigeria is committed to procuring 29.588 million doses of the Johnson & Johnson vaccine through the AVAT initiative, that is coordinated by AFREXIMBank, Mrs. Zainab Ahmed, Minister of Finance, Budget and National Planning has disclosed. Speaking recently at ‘Collaborative Africa Budget Reform Initiative (CABRI) General