NIMC portal breaks down, banks, telcos, passport issuance suffer
Thousands of telecommunication subscribers nationwide seeking to retrieve lost SIM cards or acquire new lines temporarily have been left stranded.…
Day: February 7, 2022
Nigeria, others need $484bn by 2025 for economic recovery – AfDB president
African Development Bank President Dr Akinwumi Adesina, says Africa needs $484bn over the next three years to tackle the socioeconomic…
NCP approves BPE 2022 programme, bureau targets transactions in five sectors
The Bureau of Public Enterprises announced on Friday that it would execute 42 transactions in five different sectors of the…
Unpaid Debt: Fuel Supplier Asks Court To Halt Lagos BRT Operations
Petrocam Trading Nigeria Limited has applied to a Federal High Court in Lagos for the winding-up of Primero Transport Service…
Ethereum Eyes $3,500 As ETH Price Reclaims Pandemic-Era Support With 40 Percent Rebound
Ethereum’s native token looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level…
Wall Street Journal Owner News Corp Suffers Cyberattack By Hackers Linked To China
The media company that owns The Wall Street Journal News Corp said it was a victim of a cyberattack last…
Everstrong Capital acquires majority stake in Kenyan tower company
American private equity fund Everstrong Capital has bought a majority stake in SealTowers Limited. SealTowers Limited is a Kenya-based independent…
NBK Capital chooses Moove for fund manager’s first Africa investment
African mobility fintech and Uber’s vehicle supply partner, Moove has secured a $10 million financing facility with Uber’s exclusive vehicle…
New Fintech Fund for Africa announced by KIFC
The Kigali International Financial Centre has launched a $50 million first and only Fintech-focused Africa Fund. Backed by MyGrowthFund Venture…
Nigerian Stock Exchange Will Set Up Technology Board To Attract Start Up
The Nigerian Exchange Limited (NGX) says it will set up a technology board to attract more listing from the tech…
Explosion: No fears on Nigeria’s oil output
Oil and gas experts in the sector have allayed fears suggesting that the country may not meet its production output…
Ethiopia Shields M-Pesa From Licence Freeze
The suspension of bidding for a second telecoms operator permit in Ethiopia will not derail the introduction M-Pesa licence in…
CIIN Assures NCRIB Of Partnership On Driving Compulsory Insurances
The Chartered Insurance Institute of Nigeria (CIIN) has assured the Nigerian Council of Registered Insurance Brokers (NCRIB) of its collaboration…
Affirma And StonePine Back Egypt’s Nerhadou International
Affirma Capital and StonePine ACE Partners Limited have entered an agreement to jointly invest $20 million for a significant minority…
Brimore’s Series A Backed By New And Returning Investors
The Egyptian social e-commerce market will be worth over $14.8 billion by 2024. The opportunity in the market can be…
Seplat, Sahara Group, others bid to buy Shell’s joint venture assets in Nigeria
Four indigenous oil and gas firms have indicated an interest in the acquisition of Shell Petroleum Development Company multibillion-dollar stake…
Ezdehar’s Second Fund Blasts Past Goals For First Close
TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150 million…
Money Manager Takes Control Of Impact Investor ResponsAbility
M&G is acquiring a majority stake in impact investing firm responsAbility Investments, M&G said Thursday in a news release. Zurich-based…
Metier And Catalyst Combine To Boost Pan-African Reach
South Africa’s Metier Private Equity plans to merge with Catalyst Principal Partners, a Kenya-based manager. Both firms said on Wednesday,…
Apple To Unveil Low Cost 5G IPhone March
Apple Inc is targeting a date on or near March 8 to unveil a low-cost 5G iPhone and an updated…
Nigeria: 200 Unemployed Graduates Received Training In Modern Agriculture From FECA
The Federal College of Agriculture, Akure, Ondo State, has trained 200 unemployed graduates and youths in modern techniques of agriculture…
Nigeria External Reserves Slides To Four Months Low At $39.98bn
The external reserves have fallen below the $40bn mark to the lowest point in over three months, figures from the…