Real Time Financial News Website
Airtel Africa Plc says it has been granted approval-in-principle by the Central Bank of Nigeria (CBN) to operate as a super-agent in Nigeria.In a corporate filing on the Nigeria Exchange…
Portugal has passed new labor laws which include a ban on bosses contacting employees outside of working hours. The new labor laws were passed by Portugal’s Parliament earlier this month…
The fresh $16.23 billion and 1.02 billion approved for the Federal Government will push Nigeria’s debt stock to N52.6 trillion when drawn; it was learnt at the weekend. President Muhammadu…
The recent revelation that Chinese shipping lines and their agents in Nigeria have introduced double charges on the handling of groupage containers means that the country’s ports have become prohibitively…
U.S. retail gasoline prices are poised to average more than $4 a gallon in three states for the first time in 13 years as energy prices surge and fan fears…
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of…
Following the drive to raise funds to finance the N4.28 trillion 2021 budget deficit, the federal government listed a total of N812.2billion new and supplementary bonds in October crowding out…
AfricInvest, a pan-African asset management platform that makes private equity, venture capital and private credit deals, has inked a debt transaction with Ruai Family Hospital Ltd (RFH Healthcare). The alternative…
Social impact investor Oikocredit has provided debt capital of €5 million ($5.8 million) to Union des Caisses de Credit Mutuel du Sénégal (CMS), the only microfinance institution in Senegal with…
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical devices supplier, from South African healthcare group Ascendis Health. The MBO was financed through Ata…
MFS Africa, Africa’s largest digital payments network, has raised US$100 million through an equity and debt financing round. The fundraising marks another milestone in MFS Africa’s expansion, following a series…
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million in a new round of funding led by…
The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and distribution challenges as well as quality concerns; as fake and substandard products flood the market.…
Telenor and Alphabet Inc’s Google Cloud have formed a partnership to digitalise the Norwegian telecom company’s global operations and are exploring ways to jointly offer services to customers, the two…
Hot on the heels of Netflix’s breakout South Korean hit “Squid Game,” Apple has rolled out its first Korean-language original series this month, to coincide with the launch of its…
A multibillion dollars modern city development project promoted by the Chinese investors , Hendai Investment Limited, is coming to oil rich Akwa Ibom state, it was gathered. The mouth watering…
International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use…
The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and…
A total of 13 airport consortia, comprising local and foreign companies, have submitted bids to be prequalified for the planned concession of four Nigerian international airports. This came as the…
The Debt Management Office has said the Federal Government will offer N150bn bonds for subscription this month. A circular by the DMO on its website showed that the breakdown of…
The Federal Government, on Friday, inaugurated a portal for its National Housing Programme and urged Nigerians to apply for affordable homes through it. The Minister of Works and Housing, Babatunde…
Chief Executive Officer, Pension Fund Operators Association of Nigeria, Oguche Agudah, said on Friday that eight out of the 20 pension fund administrators in the country have scaled the recapitalisation…
Daniel Ford International a leading property search and acquisition consultancy, is hosting 1986 Nobel Prize winner, Professor Wole Soyinka, for a reading and discussion evening of his latest book ‘Chronicles…
Tesla Inc Chief Executive Officer, Elon Musk, has sold an additional portion of his share in his company worth about $687m, regulatory filings revealed this. Earlier in the week, Musk…
Nigeria’s naira rebounded in the illegal market as the central bank boosted sales of dollars through commercial banks, according to traders. This has helped to close the gap with the…
The federal government has increased the prices of both single-phase and three-phase prepaid electricity meters. The Nigerian Electricity Regulatory Commission (NERC) announced this in a circular seen by TheCable, dated…
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm after a torrid year in which it became the symbol…
Foreign investors can’t get enough of Nigerian banks’ Eurobonds but won’t touch their stocks with a ten-foot pole. First, it was Access Bank and now United Bank for Africa (UBA)…
The Global System for Mobile Communications Association says $500m and 6000 base stations are needed for 5G rollout in the top 10 cities in Nigeria. The telecom industry umbrella organisation…
The Central Bank of Nigeria said on Friday that the eNaira wallet has been downloaded over 488,000 times from over 160 countries. The CBN said in a statement, “So far,…