FG pays $194m for Port Harcourt refinery, plans additional $98m, N17.2bn
The Federal Government has processed $98m as partial payments for the ongoing rehabilitation of the Port Harcourt Refining Company. Advance…
Month: January 2022
FUGAZ investors gain over N4 billion combined during the week
FUGAZ an acronym for the five biggest banks in Nigeria by market capitalization appreciated by 0.16% as investors in these…
Credit Suisse Faces $45.5 Million Claim – Court
Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse (CSGN.S) in a money-laundering…
Nigeria’s forex inflow hits $55.5bn in seven months
The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria…
Stop introducing more taxes, financial experts urge FG
Financial experts have urged the Federal Government to stop the introduction of more taxes because of the nation’s weak economy.…
Knife Capital Backs HR Software startup’s latest round
Wamly a one-way video interview software startup based in South Africa secures funding from local venture capital firm Knife Capital…
TIDE Africa II raises almost half its final goal with first close
Africa-focused venture capital firm TLcom Capital, known to have made bets on Andela and Twiga, is raising $150 million for…
Oikocredit makes loan to C&I solar provider
Oikocredit has provided Ecoligo with a € 5 million loan for the purpose of solar energy growth used to power…
Naira Appreciates at Official Markets As FX Turnover Drops To Two-Week Low
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window,…
Amazon, AliExpress, Twitter, Zoom To Pay Tax On Profit Or Income Made In Nigeria
The federal government says non-resident companies (NRC) are mandated to remit 6% of turnover from digital services provided to Nigerian…
AI Capital, Google, Others Back InstaDeep’s 9-Figure Series B
A recent survey carried out by CNBC reported that 81% of executives worldwide say AI will play a notable role…
Eiffel Partners With Finergreen For African Renewable Energy Deals
A new initiative will soon be launched in Africa to increase financing for renewable energy. It is a mechanism that…
Manufacturers Association Urges CBN To Extend e-Invoice Implementation
The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria (CBN) to extend the implementation of the E-invoice…
Goodwell Leads Returning And New Investors For Copia’s Series C
Goodwell Investments has led a $50m Series C equity round in Copia Global, a B2C e-commerce platform with a distribution…
U.S. Treasury Secretary Janet Yellen To Participate Remotely In February G20 Meeting
U.S. Treasury Secretary Janet Yellen will participate in a February meeting of the G20 remotely because of a rise in…
Macau Legend Shares Fall Over 20% After CEO’s Arrest
Macau Legend reported Chan had been arrested in a statement to the Hong Kong stock exchange on Sunday, adding it…
Pearson Buys Certification Company Credly
Education group Pearson has agreed to buy the certification company Credly to expand its offering to businesses looking to train…
Asia Stocks Make Tentative Gains, Brent Tops $91
Asian shares swung higher on Monday as Wall Street futures stabilised, though tests loom ahead as UK interest rates are…
Goldman Sachs Forecast Five Rate Hikes In Federal Reserve This Year
Goldman Sachs is forecasting that the U.S. Federal Reserve will raise interest rates five times in 2022, versus four previously,…
Employee Of Deutsche Bank’s “Postbank” To Stage Strike
Some employees of Deutsche Bank’s Postbank will stage a strike on Monday to raise pressure on management to meet their…
Binance Restricts 281 Nigerian Crypto Accounts To prevent fraud
One of the largest cryptocurrency exchanges platform in the world Binance, restricts the accounts of 281 Nigerian users. According to…
Ghana Secured $7.33 Billion From Oil Production Since 2011
Ghana secured $7.33 billion dollars in revenue since it started commercial oil production in 2011. From the earnings, $6.02 billion…
Airtel Africa Top Nigeria Stock Exchange Capitalised Company
Airtel Africa, a multinational telecommunications company, has surpassed Dangote Cement to become the most capitalised company listed on the Nigerian…
FG’s Marginal Oil-Field Awards: 33 Successful Bidders Lose
Govt rakes in N174bn as other awardees make full, part payments A total of 128 awardees that emerged as successful…
Chevron Report Fourth Quarter Profit
Chevron Corp on Friday reported a fourth quarter profit, which missed estimates by analysts on weaker than expected oil and…
FEC Receives NNPC 2022 Petrol Subsidy Bill
The federal executive council (FEC) says it has received a bill of N3 trillion from the Nigerian National Petroleum Corporation…
Europe’s Tech Stocks Set For Biggest Monthly Drop In More Than 13 Years
European technology stocks fell on Friday and was on track for its biggest monthly drop since the 2008 global financial…
Vantage provides mezzanine funding for real estate development
The mezzanine fund manager announced today that it has arranged R430 million of mezzanine funding for the development of Seaton…
Reps Ask CBN To Suspend E-Invoice Policy Implementation
The house of representatives has asked the CBN to suspend the implementation of the recently launched electronic invoice for all…
WACOT to complete rice mill expansion project in 15 months
WACOT Rice Nigeria Ltd has disclosed its ongoing expansion to double its 120,000-tonne rice mill in Kebbi State within the…