MTN Nigeria To Invest $1.5 Billion To Expand Broadband Over Three Years
MTN Nigeria plans to invest 600 billion naira ($1.5 billion) over the next three years to expand broadband access…
Yearly Archives
2021
Canada GDP: Economy Shrank In May But Picked Up In June With Reopening
Statistics Canada says real gross domestic product (GDP) contracted 0.3 per cent in May during lockdowns,…
New CBN Forex Policy A Step In The Right Direction But…
Until recently, the Central Bank of Nigeria expended nearly half a billion dollars every month in meeting the…
Russia’s Oil, Condensate Output Rises Amid Higher OPEC+ Quotas
Russia increased oil production in July for the first time in three months, after more generous quotas were…
The Restriction Of Forex To BDC Operators
In a major policy shift, the Central Bank of Nigeria (CBN) last week halted the sale of foreign exchange…
NNPC Continues FAAC Deductions, To Withhold N174.4bn In August
The Nigerian National Petroleum Corporation (NNPC) is continuing its regime of deduction from the federation…
United Kingdom Climate Investment and Foreign Secretary Dominic Africa Back Green…
Foreign Secretary Dominic Raab today welcomed Kenyan President Uhuru Kenyatta to Mansion House in London to…
Kasada Leverages Hospitality Fund With Development Finance Institution Debt…
Kasada Capital Management (Kasada), the investment platform within Kasada Group dedicated to hospitality…
Vuna Partners Lands Commitment From Fund-Of-Funds
27four Black Business Growth Fund II Partnership (27four BBGF II), a blended finance partnership between the South…
‘5G Deployment Will Boost Connectivity, Consumer Experience’
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has…
Nigerian FinTechs Are Building More Solutions To Improve Lives And Businesses –…
Young founders of FinTechs firms are now building more solutions aimed at improving the lives of individuals and…
NESG Urges Federal Government To Intensify Actions For Economic Growth
The Nigerian Economic Summit Group (NESG), an economic think tank has called on the federal government to intensify…
Imperial Strikes Deal For J&J With Carlyle, Ethos, Ninety One, And Others
IMPERIAL Holdings has reached an agreement to buy 100 percent of the J&J Group for an enterprise value of $300…
South African Fintech Startup Yoco Reels In Large Series C From New And Existing…
Yoco, a South African based fintech that helps small businesses, has closed an $83 million Series C round taking…
AgDevCo Backs Banana Estate In Mozambique
AgDevCo, a specialist investor in African agriculture, has struck its second new deal this month by backing a…
Emerging Africa Infrastructure Fund (EAIF) Agrees Debt Investment In Ivorian Hydro…
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) (www.PIDG.org) …
Nigeria’s Loans From World Bank, AFDB Rise To $14.35bn Under Buhari
Nigeria’s liabilities to the World Bank and the African Development Bank rose from $7.14bn to $14.25bn between June…
Stock Market Dips by 0.3 Per Cent
Trading in the shares of Transnational Corporation of Nigeria, Oando and Fidelity Bank Plc dominated in volume…
Foreign Investors Exit Takes Toll As Stock Market Decline By N973.2bn In Seven…
Profit-taking on price appreciation of stocks recorded last year and foreign investors exit Impacted the Nigerian…
BUA Cement Posts N21.03 Billion Profit After Tax For Q2 2021
Bua Cement Plc has released its financial statement for the second quarter ending June 30, 2021, which revealed the…
Airtel Money Secures New investment From Qatar’s Sovereign Wealth Fund
Airtel Africa Plc has announced that it has secured a $200m investment for its mobile money arm from Qatar Holding…
Former President Barack Obama is now a minority owner in National Basketball…
Former President Barack Obama has become a strategic partner and minority owner in the National Basketball…
FUGAZ Stocks Investors Lose N50.45 Billion During The Week
The market capitalization of the top five banks, referred to as the Tier-1 banks decreased to N2.46 trillion at the…
Seven African Exchanges Inch Towards Shared Trading
Cross-border trading is set for a lift as the African Securities Exchanges Association (ASEA) has signed a contract…
Asian Shares Try To Stabilise, China Growth A Worry
Asian shares were seeking a modicum of stability on Monday as a run of stellar U.S. corporate earnings put a floor…
France’s Axa Rebounds From Pandemic With A 180% Spike In Net Income
French insurer Axa posted on Monday a 180% surge in net income in the first half as the company rebounded from last…
AON’S Looking At Up To $1.4 Bln In Costs Over Scrapped Willis Deal
Insurance broker Aon Plc (AON.N) said on Friday it could have to expend up to $400 million in additional costs tied…
Chinese Electric Car Start-Up Li Auto Delivers More Cars Than Xpeng Again
Deliveries of what is essentially a hybrid electric car from U.S.-listed Li Auto surpassed those of rival start-up…
HSBC Profit More Than Doubles As Economies Rebound, Loan-Loss Fears Ebb
HSBC Holdings (HSBA.L) on Monday reported forecast-beating first-half pretax profit that more than doubled from a…