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Day: March 29, 2023

NDDC Adopts a New Youth Development Program.
Local

NDDC Adopts a New Youth Development Program.

According to the Niger Delta Development Commission, a novel idea for collaborating with the Niger Delta Chamber of Commerce in…

byakintundeMarch 29, 2023March 29, 2023
Russia-Ukraine Conflict Could Spur Food Production in Africa – Osinbajo
Local

Russia-Ukraine Conflict Could Spur Food Production in Africa – Osinbajo

Vice President Yemi Osinbajo said the ongoing situation between Russia and Ukraine should serve as a wake-up call for African…

byakintundeMarch 29, 2023March 29, 2023
Under Non-disclosure Agreements, Ghana’s Bondholders’ Counsel Begin Debt Negotiations.
Africa

Under Non-disclosure Agreements, Ghana’s Bondholders’ Counsel Begin Debt Negotiations.

A group of foreign private lenders are represented by Rothschild & Co., while the government, which froze payments on the…

byakintundeMarch 29, 2023March 29, 2023
Equity and KCB Put Pressure on Safaricom.
Africa

Equity and KCB Put Pressure on Safaricom.

Equity Group is now spearheading a banking industry assault for the title of East Africa’s most profitable corporation after reducing…

byakintundeMarch 29, 2023March 29, 2023
Insurance GPI Increases by 36.3% to N726.2 billion, While Claims Payments Increase by 31.2%.
Business

Insurance GPI Increases by 36.3% to N726.2 billion, While Claims Payments Increase by 31.2%.

The industry has seen a 36.3 percent increase in Gross Premium Income (GPI) quarter over quarter and a 17.8% year…

byakintundeMarch 29, 2023March 29, 2023
Paystack CEO Purchases a 55% Share in a Danish Soccer Team.
Business

Paystack CEO Purchases a 55% Share in a Danish Soccer Team.

Shola Akinlade, co-founder and CEO of Paystack, has acquired a 55% ownership position in Danish second-division team Aarhus Fremad. Aarhus…

byakintundeMarch 29, 2023March 29, 2023
$1.9bn Loss: Oil Theft Panel Charges Operators and Regulators.
Energy

$1.9bn Loss: Oil Theft Panel Charges Operators and Regulators.

Operators and regulators in Nigeria’s oil sector have been charged with extensive acts of sabotage in the industry, according to…

byakintundeMarch 29, 2023March 29, 2023
NNPCL to Increase Oil Reserves to 50 billion Barrels.
Energy

NNPCL to Increase Oil Reserves to 50 billion Barrels.

The Nigerian National Petroleum Corporation Limited declared on Tuesday that continued oil exploration in the country’s border basins will increase…

byakintundeMarch 29, 2023March 29, 2023
Federal Government $22bn Loan Request Rejected by Chinese Bank.
BankingLocal

Federal Government $22bn Loan Request Rejected by Chinese Bank.

On Tuesday, the House of Representatives accepted the federal government’s proposal to borrow $973,474,971.38 from the China Development Bank. This…

byakintundeMarch 29, 2023March 29, 2023
CBN bars banks seeking upgrade from expansion
Banking

CBN bars banks seeking upgrade from expansion

The Central Bank of Nigeria’s new draft rules prohibit banks and other financial organizations applying for conversion licenses from increasing…

byakintundeMarch 29, 2023March 29, 2023

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