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Day: October 25, 2021

Analysts Projects A Spike In FBN Holdings Share Price
AfricaBankingBusinessMarket

Analysts Projects A Spike In FBN Holdings Share Price

Shareholders and analysts in the Nigerian capital market have projected a rise in the share price of FBN Holdings Plc…

byEkeminiOctober 25, 2021October 26, 2021
Nigeria: President Muhammadu Buhari Launch E-Naira
AfricaBankingBreakingBusinessLocalMarketTechnologyTrade

Nigeria: President Muhammadu Buhari Launch E-Naira

The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform. The eNaira is a culmination of several…

byakintundeOctober 25, 2021
CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet
AfricaBankingBreakingLocalMarketTechnologyTrade

CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet

The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. The eNaira was…

byakintundeOctober 25, 2021October 25, 2021
NIN-SIM Linkage Subscribers Want Two-Month Extension As Deadline Nears
BusinessLocal

NIN-SIM Linkage Subscribers Want Two-Month Extension As Deadline Nears

Telecommunication subscribers are clamouring for a two-month extension of the October 31 deadline for National Identity Number-Subscriber Identity Module data…

byEkeminiOctober 25, 2021
FG Mulls Bill On Digital Economy
BusinessLocal

FG Mulls Bill On Digital Economy

The Federal Government has said it is working on a bill – the Nigeria Startup Bill (NSB)- that will aid…

byEkeminiOctober 25, 2021
Newly listed Nigerian Exchange Group Led Gainers With 23.94 Percent
AfricaBusinessInvestingLocalMarket

Newly listed Nigerian Exchange Group Led Gainers With 23.94 Percent

Newly listed Nigerian Exchange Group Plc traded high at the end of last week’s transaction on the equities sector of the…

byakintundeOctober 25, 2021
AMCON Yet To Pay Arik Air Unsecured Debt Since It Took Over
AfricaBankingBusinessInvestingLocalMarket

AMCON Yet To Pay Arik Air Unsecured Debt Since It Took Over

The Asset Management Corporation of Nigeria “AMCON” has refused to pay to the aviation agencies N9.6 billion and $2.3 million…

byakintundeOctober 25, 2021October 25, 2021
Nigeria Government To Spend N7.53 Billion On 109 Digital Projects
Local

Nigeria Government To Spend N7.53 Billion On 109 Digital Projects

The Federal Government has said it plans to spend about N7.53bn on digitisation and computerisation projects in 2022. According to…

byakintundeOctober 25, 2021
HSBC Pre-Tax Profit For Q3 Jumped 75.8 Percent
BankingMarketWorld

HSBC Pre-Tax Profit For Q3 Jumped 75.8 Percent

HSBC on Monday reported third-quarter earnings that handily beat expectations and announced plans for a share buyback of up to…

byakintundeOctober 25, 2021
French Development Agency Staked $70 Million To Bridge Nigeria Power Needs
AfricaEnergyLocal

French Development Agency Staked $70 Million To Bridge Nigeria Power Needs

To bridge the nation’s power needs and reduce environmental pollution, the Agence Francaise de Developement (AFD) has staked about $70m…

byakintundeOctober 25, 2021
Nigeria: Federal, State and Local Government Disagree Over Repayment Of Paris Club Loan
AfricaLocal

Nigeria: Federal, State and Local Government Disagree Over Repayment Of Paris Club Loan

Payment of salaries by about 33 states of the federation is uncertain as the decision of the federal government to…

byakintundeOctober 25, 2021
President Of Federal Republic Of Nigeria To Unveil  Central Bank Digital Currency Today
AfricaBankingBusinessLocalMarketTechnology

President Of Federal Republic Of Nigeria To Unveil Central Bank Digital Currency Today

President Muhammadu Buhari will unveil the Central Bank Digital Currency, known as the eNaira, today at the State House, Abuja.…

byakintundeOctober 25, 2021
Pension Fund Administrators Invested N2.05 Trillion Pension Fund In Banks In 6 Months
AfricaBankingInvestingLocal

Pension Fund Administrators Invested N2.05 Trillion Pension Fund In Banks In 6 Months

The total amount of pension funds invested in banks by Pension Fund Administrators rose to N2.05tn at the end of…

byakintundeOctober 25, 2021October 25, 2021
PayPal Says It Is  Not Interested In Acquiring Pinterest
BusinessMarketTechnologyWorld

PayPal Says It Is Not Interested In Acquiring Pinterest

U.S. payments giant PayPal said that it is not currently interested in buying social media platform Pinterest. Responding to what…

byakintundeOctober 25, 2021
World Bank Barred 18 Nigerian Individuals And Firms
AfricaLocalWorld

World Bank Barred 18 Nigerian Individuals And Firms

The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in…

byakintundeOctober 25, 2021
Frazium Energy Strikes Deal For Solar Battery Project In Eswatini
AfricaEnergyLocal

Frazium Energy Strikes Deal For Solar Battery Project In Eswatini

Australian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as Swaziland, to…

byakintundeOctober 25, 2021
LocalGlobe Leads 7-figure Seed Round For Nigeria’s Eden Life
AfricaBusinessLocalTechnology

LocalGlobe Leads 7-figure Seed Round For Nigeria’s Eden Life

Nigerian startup Eden Life, a home services app for scheduling food, laundry and cleaning services, has raised a US$1.4 million…

byakintundeOctober 25, 2021
MFS Africa Makes “Second-Highest” Fintech Acquisition In Nigeria
AfricaBusinessInvestingLocalMarket

MFS Africa Makes “Second-Highest” Fintech Acquisition In Nigeria

MFS Africa, the largest pan-African digital payments hub, announced that it had signed an agreement to acquire Baxi, one of…

byakintundeOctober 25, 2021
UK Export Finance Of £1.5 Billion For Nigeria Is Largely Untouched
AfricaLocalWorld

UK Export Finance Of £1.5 Billion For Nigeria Is Largely Untouched

The £1.5bn financing set aside for Nigeria by the UK Export Finance, the United Kingdom government’s export credit agency, has…

byakintundeOctober 25, 2021
34 Oil Companies Disbursed $896.891 Million  Social Expenditure
AfricaBusinessLocalMarketTradeWorld

34 Oil Companies Disbursed $896.891 Million Social Expenditure

Thirty-four foreign and indigenous oil companies disbursed $896.891 million as social expenditure in the 12 months culminating in December 2019,…

byakintundeOctober 25, 2021

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