Profitability Recovering, Vision Group Assures Investors
Vision Group has said the profitability of the company is gradually recovering from the impacts of the pandemic as the…
Year: 2022
Nigeria signs MoU on gas supply to Equatorial Guinea
Nigeria and Equatorial Guinea on Tuesday signed a Memorandum of Understanding for the supply of gas from Nigerian offshore fields…
Buhari asks Senate to confirm MPC members
President Buhari has asked the Senate to confirm the appointment of two new members of the MPC The president also…
Africa Oil Corp Runs Out Of Production Cash
Canadian oil explorer Africa Oil, which holds a 25 percent stake in Turkana exploration venture, has run out of cash…
Digital Payment Has Overtaken Use Of Cheques – CBK
Growth in usage of cheques has slowed down in the last decade, losing out to digital payments channels which are…
Lekki Deep Sea Port Is 80 Per Cent Completed – ICRC
The Infrastructure Concession Regulatory Commission debunked the report that the Lekki Deep Sea Port is 90.93% completed. It said the…
Persisting Inflation Will Limit CBN Borrowing Ability- IMF
Economists at the International Monetary Fund and World Bank have revealed that persisting inflationary pressure will limit the ability of…
Experts Bemoan Under-Representation Of Key Sectors On NGX
Apparently irked by the under-representation of some sectors in the nation’s stock market, capital market experts, at the weekend, urged…
Number Of Professional Developers In Nigeria Increased By 6 Per Cent
The number of professional developers in Nigeria increased by six per cent to hit 84,000 in 2021 as the total…
Why we’re selling Mobil Nigeria to Seplat — ExxonMobil
Texas-based major Exxon Mobil has given its reason for choosing to sell the entire shallow water assets of one of…
Monneo Launches a Unique Solution for the Affiliate Marketing Industry
Monneo has announced its exciting plans to launch Pixelpay, a stand-alone financial product designed specifically for the affiliate marketing industry.…
responsAbility and Belgian DFI invest debt in candi solar
responsAbility Investments, the Swiss impact investment manager, and BIO, the Belgian Investment Company for Developing Countries, have provided a USD…
Bank of America invests in Bamboo’s ABC Fund
The Agri-Business Capital Fund today announces that it has received its first investment from a corporate global financial institution, as…
Nigerian Stock: List Of Announced 2022 Dividend
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective…
LP ups its commitment to Janngo Startup Fund
In the wake of the EU-Africa Business Forum, the European Investment Bank has announced an additional €10 million through a…
EAC eyes trade-in-services under AfCFTA Agreement
The East African Community is developing a strategy to boost trade-in services. This will position the bloc better in the…
Meta bans Russian state media from running ads on its platforms
Meta has announced the ban of Russian state media from running ads or monetizing content on its platforms. This is…
How Tanzania Government Is Helping It’s Citizen To Mitigate Impact Of Russia-Ukraine War
While the war between Russia and Ukraine is projected to raise fuel prices, the government of Tanzania has scrapped Sh100…
AgDevCo lands equity and debt funding package from DFIs
AgDevCo the specialist investor in early-stage African agribusinesses, today announced a $90m package of new funding Fundings were from the…
MTN Launches New Brand Identity With Simplified, Innovative Logo
The company announced its brand repositioning using a contemplative slogan — “What Are We Doing Today?” It also articulated the…
NSE fall lifts dividend yields ahead of earnings season
The fall in share prices at the Nairobi Securities Exchange following a selloff induced by Russia’s invasion of Ukraine. This…
Uganda Is Enjoying Monthly Trade Surplus
The latest performance of the economy report released on Monday by the finance ministry indicates that Uganda has continued to…
Safaricom, Ethio Telecom in talks to share towers
Safaricom is negotiating an infrastructure sharing deal with Ethiopian rival Ethio Telecom. As it prepares to launch operations in the…
Kenya’s Eurobond Rose By 0.86 Per Cent
Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to safe-haven western…
American investors back Clickatell’s healthy Series C
Clickatell the CPaaS innovator and Chat Commerce leader, today announces it has secured $91 million in their Series C round.…
Kenya Treasury Spent More Billion On Domestic Interest Repayment
The National Treasury spent an additional Sh13.42 billion or 6.58 percent more on domestic interest repayments than it had budgeted…
Kenyan Shilling Hit New Record Low
The Kenyan shilling is under fresh pressure against the dollar after it hit a new record low on Monday, setting…
MTN Ventures Into Metaverse
The Group, owner of its Nigerian subsidiary, MTN Nigeria Plc disclosed in a statement that it now owns 144 plots…
Seplat Energy Plc Proposes Final Dividend Of $0.025 To Shareholders
In a notice filed with the Nigerian Exchange Limited (NGX), Seplat Energy Plc has announced the payment of final dividend…
Consensus Builds Up On Kicking Russia Out Of SWIFT
Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the…