Nigerian Banks Increase Interest on Existing Loans to Customers By 200bps.
Commercial lenders have raised the interest rates they impose on current contracts by 200 basis points, or 2%, up to…
Day: November 28, 2022
Nigeria Petroleum Marketers: The NNPC Petrol Price Without Subsidy Is N400/Litre.
It has been learned that, assuming there is no subsidy, N400/litre is the lowest price at which the Nigerian National…
Ivory Coast Completes Second Shipping Container Terminal.
Officials announced that the Ivory Coast has finished building a second container terminal at its primary port in Abidjan, opening…
Nigerian Crude Oil Sales Generate Zero Dollars for the CBN, according to Emefiele
From almost US$3.0 billion per month in 2014 to zero dollars now, Nigeria’s official foreign exchange receipts from crude oil…
Tanzanian and South Korean Companies agree to a Collaboration.
In order to promote partnerships between the two parties, the Tanzania Startup Association (TSA) and the Korean Startup Forum (KSF)…
Floods Cost Farmers around N100 billion, and Expert Forecasts Show a Fall in Exports.
According to managing director of Universal Quest Nigeria, approximately N100 billion was lost by Nigerian farmers in the recent flood…
Only 9% of Kenyans work Full-time, Permanently.
Less than 10% of Kenyan people hold steady full-time work, this highlights the high rates of reliance and poverty in…
Equity Recovers 90pc of Covid Restructured Loans.
In order to demonstrate the sustained recovery of the economy despite additional shocks from high inflation, Equity Bank’s debtors who…
According to NBS, Nigeria’s GDP Declined from 1.78% to 2.25% in Q3 2022.
Nigeria’s Gross Domestic Product (GDP) increased by 2.25 percent (year over year) in real terms in the third quarter of…
Indirect Taxes Worth N2 trillion Paid in Nine Months.
The tax burden on Nigerians grew by N285.13 billion in the first nine months of 2022 despite a recession and…
Emefiele: Nigeria’s Rising Inflation Is Consistent With Global Trend.
The continuous rise in headline inflation from 15.60% in January to 20. 77% in September, according to Godwin Emefiele, Governor…
Chinese and Mota-Engil Enterprises are Shortlisted for a $2.5 billion Bridge Construction in Lagos, Nigeria.
Lagos state in Nigeria has selected a group to build a $2. 5 billion bridge that is anticipated to ease…
LoftyInc’s Latest Fund Closes 40% above Goal.
An African-focused venture capital firm, LoftyInc Capital Management, has announced the closing of the third iteration of its “Afropreneurs Fund…
AIIM Acquires Stake in Two Kenyan Road Network.
Through its pan-African AIIF4 Fund, African Infrastructure Investment Managers, AIIM, the continent’s largest specialized infrastructure private equity fund, has pledged…
Goodwell’s Second uMunthu Fund Launches with €50mln.
Goodwell Investments, a social impact investment company, has established its EUR150 million (US$154 million) uMunthu II fund with the goal…
Ethos Private Equity acquired by New York-based Asset Manager.
A formal agreement has been reached for Ethos Private Equity to be acquired by The Rohatyn Group “TRG”. A specialist…
UK Universities Risk Bankruptcy Barring Foreign Students.
The chair of the government’s Migration Advisory Committee said that UK Prime Minister Rishi Sunak’s probable proposal to crack down…