Chinese and Mota-Engil Enterprises are Shortlisted for a $2.5 billion Bridge…
Lagos state in Nigeria has selected a group to build a $2. 5 billion bridge that is anticipated to ease severe…
Yearly Archives
2022
LoftyInc’s Latest Fund Closes 40% above Goal.
An African-focused venture capital firm, LoftyInc Capital Management, has announced the closing of the third…
AIIM Acquires Stake in Two Kenyan Road Network.
Through its pan-African AIIF4 Fund, African Infrastructure Investment Managers, AIIM, the continent's largest…
Goodwell’s Second uMunthu Fund Launches with €50mln.
Goodwell Investments, a social impact investment company, has established its EUR150 million (US$154 million)…
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…
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…
University Employees in the UK go on Strike.
The largest strike in decades, according to the UK's University and College Union (UCU), is taking place to…
FX Crisis: Ghana to use Gold instead of US Dollars to Buy Oil.
Vice-President Mahamudu Bawumia said that Ghana's government is developing a new strategy to purchase oil goods…
Recession affects Businesses in the Manufacturing, Oil, and Service Sectors.
During the third quarter of 2021 and the same period of 2022, the Nigerian GDP shrank by 1. 78 percent. The total…
Apple is interested in making a $5.8 billion purchase of Manchester United.
According to speculations, Apple, the biggest tech firm in the world, may be interested in buying the club for £5.…
Oil Companies look into Niger Delta Hydrocarbon Decrease.
In order to conduct research on the decline of hydrocarbons in the Niger Delta, Green Energy International…
Farmers in the Anchor Borrowers Program receive N1 trillion from CBN.
By 2024, the Central Bank of Nigeria wants 95% of the population to be financially included. The Federal …
Investors Dump Nigerian Stocks as Inflation Rises.
Recently, the equity market in Nigeria has been at the center of the storm. As the All Share Index fell 6.7% to…
FG Calls for Closer Ties with Canada to Advance both Countries’ Trade…
According to the Federal Government, Nigeria and Canada must collaborate closely to accomplish a number of shared…
Inflation may be Controlled through Fiscal Measures – CPPE
According to the Centre for Promotion of Private Enterprises (CPPE), the Federal Government can use fiscal changes…
NNPC meets Marketers as the Impact of the Petrol Shortage Grows.
Petrol, known as premium motor spirit, has becoming more scarce throughout numerous states. Among other places, it…
We’ve Recovered $1bn Looted Funds since 2015 —Nigeria FG.
The Federal Government said that $1 billion in stolen cash had been found since President Muhammadu Buhari's…
In October, FG, States, and LGAs shared N736.782 billion.
In October, the three levels of government divided N736.782 billion in total. The relevant States received a total…
At Shs80 trillion in Debt, a Crisis is Imminent in Uganda.
Increases in the budget deficit and public debt are likely to hinder Uganda's capacity to grow economically and…
CBK Increases Lending Fees to Control Inflation.
In an effort to control predictions of out-of-control inflation amid weakening shilling in a net import economy,…
Interest Rates for Borrowers will Increase at Equity Bank starting in January…
In January 2023, Equity Group intends to completely begin pricing loans according on the risk profiles of…
Jeff Bezos gives US Homeless Families $123 million
According to Bloomberg, Amazon's founder Jeff Bezos is donating $123 million to organizations that help homeless…
Kenya Treasury to Issue New Bonds in Exchange for the Sh87 billion Debt.
To avert a cash shortage early in the new year, the Treasury is trying to convert Sh87. 8 billion worth of…
Malawi Receives $88.3 million from the IMF Under the “Food Shock” Loan…
The food shock loan, which is a component of the IMF's Rapid Credit Facility, would aid the east African nation in…
The Lagos Commodities and Futures Exchange gives the SEC an Eko Gold Coin.
In an effort to boost confidence, organize the gold market, and expand the commodities ecosystem, the Lagos…
In 2022, TETFund Income Collection Declines by N68 billion.
The Tertiary Education Trust Fund has disclosed that the N68 billion in income it collected in 2021 and utilized…
NEITI: Nigeria Earned $741.48bn Revenue from Oil, Gas Sector.
According to figures released in Abuja by the Nigeria Extractive Industries Transparency Initiative (NEITI),…
Excess Crude Account Decreases by 89% to $472,513.
In the previous eight years, Nigeria's surplus crude account has decreased by 89%, from $4. 1 billion in November…
Daily Coronavirus Cases in China Reached a Record High.
According to official data released, China's daily Covid cases have reached their highest level since the pandemic…