Paris Club: States Write Nigerian Government, Kick Against $418m Deduction
States have asked the FG to refrain from deducting from funds accruing to them and all LGs councils as liquidation…
Year: 2022
Court Orders Eden Tanzania To Pay TBL Sh607 Million
Eden Tanzania Limited has been ordered to pay Tanzania Breweries Limited (TBL) Sh606.7 million. This is for breach of contract…
Energy Ministry Goes Mute On Pledge To Cut Power Bills – Kenya
Energy and Petroleum Cabinet Secretary Monica Juma said in January the cost of power would come down by March 31.…
DrinksDirect.NG and Cane Integrated Investment Ltd. partner to empower women and young adults
Have you been wondering how to kickstart your business journey and you’re unable to raise capital? Do you own or…
Kenya Airways Planes Grounded In Leasing Fees Fight
Two aircraft leasing firms have rejected Kenya Airways’ proposals to reduce the cost of hiring their planes in a row…
Treasury Raises Sh60bn From April Bond Sales – Kenya
The government has raised Sh27.6 billion from the sale of the fifteen-year bond which had targeted to raise Sh30 billion.…
Rethink Your Policy On Fuel Subsidy, World Bank Tells Nigeria
The President of the World Bank Group, Mr. David Malpass has once more reiterated the need for FGN to reconsider…
Coleman pays back Series II N3.804bn
Coleman has successfully paid back series two N3.804 billion under its N20 billion CP Issuance Programme on the FMDQ Exchange.…
Import, Forex Restrictions Worsening Food Inflation In Nigeria –World Bank
The World Bank has disclosed that import restrictions and non-flexible exchange rate management of the Central Bank of Nigeria are…
Nigerian Government To End N200b Yearly Electricity Subsidy In December
The Federal Government is looking at ending tariff shortfall, averaging N200 billion yearly, in the power sector by the end…
Central Bank Of Nigeria Loans To ABP Farmers Hit N976bn – Report
The CBN has disbursed N975.61bn to farmers across the country under the Anchor Borrowers’ Programme. Figures obtained from CBN showed…
External Reserves Return To Growth Path, Gain $243.83m- Nigeria
Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Central Bank of Nigeria. CBN…
131,376 Nigerian Retirees Withdraw N32bn, Quit Pension Scheme
About 131,376 workers, who retired from active service, cannot be placed on monthly pensions, says National Pension Commission. PenCom said…
Small Investors Buy Additional Sh74bn State Bonds -Kenya
The share of the government’s domestic debt held by individuals and other non-financial institutions increased 38% or Sh74 billion in…
Nigeria’s Economy To Grow By 3.4% In 2022 — IMF
IMF has said Nigeria’s economy would grow by 3.4% in 2022 in its latest world economic outlook projections. It revealed…
Maritime Lawyers Oppose 15% Imported Vehicle Levy, Demand Court Intervention
As the controversy surrounding the introduction of 15% NAC levy on imported vehicles lingers, some maritime lawyers have demanded court…
Eterna Plc Appoints New Directors, Company Secretary
The Board of Directors of Eterna Plc has announced the appointment of new Directors and a new company secretary for…
Brewery Industry Raised Revenue To N780bn In 2021 –Report
According to Afrinvest, Nigerian Brewery Sector Update 2021 report noted that Guinness recorded a revenue of 54 per cent which…
Running Safaricom Surveillance Plan To Cost Sh1bn Yearly
Taxpayers will spend another Sh1 billion to run the national surveillance system built by Safaricom to offer security in Nairobi…
Better.com’s Third Round Of Layoffs In Five Months Believed To Impact Over 1K Employees
Better.com has conducted its third mass layoff in less than five months, citing a declining mortgage market. Better.com’s desire to…
Here’s Why Brex Just Paid $90M For 10-person Software Startup Pry Financials
Prior to the announcement earlier, Brex has acquired Y Combinator-backed Pry Financials for $90 million, the company told TechCrunch exclusively.…
Conductive Ventures Secures Third Fund To Support Non-Traditional Founders
Conductive Ventures raised a $200 million Fund III to continue its focus on investing in founders where other venture capital…
Andreessen Horowitz Unveils Piloted Program For Early-Stage Entrepreneurs
For more than a year, Andreessen Horowitz (a16z) has quietly piloted its own take on an accelerator for early-stage entrepreneurs.…
Music Streamer Deezer Is Going Public Via SPAC At A $1.1B Valuation
Deezer, a European music streamer is going public via a SPAC deal, valuing the Spotify competitor at $1.1 billion. Deezer…
Google Opens Product Development Center In Nairobi, Its First In Africa
Google announced the launch of a product development center in Nairobi, its first in the continent today. This is set…
Indian Crypto Exchange CoinDCX Tops $2 Billion Valuation In New $135 Million Funding
CoinDCX has doubled its valuation to $2.15 billion (post-money) in eight months following a fresh $135 million funding. Steadview and…
Oil Earnings Drop By N75.9bn Despite Monthly Price Hike – Report
Nigeria’s earnings from crude oil plunged by about N75.9bn in February and March this year despite the increase in global…
Tiger Global Leads $3M Round In Zambia’s Union54 For Its Card-Issuing API
Union54, the first Zambian startup backed by Y Combinator, got another major venture capital firm on its term sheet, Tiger…
Ellis Raises $5.6M To Pave The Way For International Students
New immigrants find it hard to set up a bank account. That’s why Ellis was created for international students planning…
Twitter’s In-Development Edit Button Offers Hints As To How He Feature Could Work
Recently, Twitter announced a great news that users will be able to edit tweets — a longtime user request. Twitter…