Remove fuel subsidy, official exchange rate, IMF urges FG
Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the…
Year: 2022
Fuel Scarcity: Filling Stations Shut As Queues Persist In Lagos, Abuja, Others
Filling stations were shut on Monday as this led to queues by motorists in within their premises Ques were larger…
World Bank, Kenya in talks for another $200 million loan
The World Bank will give Kenya $200 million to support various development projects to improve food security in the country.…
GTCO Acquires Investment One’s Pension, Funds Management Subsidiaries
Guaranty Trust Holding Company Plc says it has completed the acquisition of 100% shareholding in two subsidiaries of Investment One.…
Nigeria: Aviation Workers Suspend Planned Nationwide Strike
The labour unions in the aviation industry have suspended the planned strike. They had fixed today for the commencement of…
KPMG Canada adds Bitcoin and Ether to its balance sheet
The Canadian branch of accounting giant, KPMG has made its first allocation of cryptocurrency assets to its corporate treasury. According…
Paxful Drives Financial Inclusion With Education Centres
Paxful, a peer-to-peer crypto platform, says it is committed to setting up Bitcoin educational centres in key markets where it…
JAMB introduces self-service registration outlets in Abuja, Lagos, adds WhatsApp platform
The Joint Admissions and Matriculation Board (JAMB) announces plans to introduce self-service registration. Outlets will be situated in Abuja and…
Naira depreciates further, exchanges for N572/$1 at parallel market
The Nigerian naira traded at N572 per dollar on Monday at the parallel section of the foreign exchange market. The…
SoftBank hit as profit, and Arm deal, collapse
SoftBank Group Corp reported a 97% drop in quarterly profit and the collapse of a deal worth up to $80…
Bumper BP profits lift European stocks, euro stalled by cautious Lagarde
Bumper profits from oil giant BP helped lift European stocks on Tuesday, while the euro was pegged back as the…
MTN Pays NCC’s 5G License Fee Before Deadline
MTN Nigeria has paid the 5G license fee ahead of the February 24 deadline issued by the Federal Government of…
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.…
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…