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Day: May 15, 2023

Cook-a-thon: Why Guinness World Records hasn’t verified Hilda Baci’s victory
Local

Cook-a-thon: Why Guinness World Records hasn’t verified Hilda Baci’s victory

A world culinary record was successfully broken by Nigerian chef Hilda Baci, and the Guinness Book of Records has recognized…

byakintundeMay 15, 2023May 15, 2023
M-Kopa, an African digital credit startup, has raised $255 million in new capital.
Africa

M-Kopa, an African digital credit startup, has raised $255 million in new capital.

M-Kopa, an African finance platform, announced that it had inked a total of $255 million in fresh debt and equity…

byakintundeMay 15, 2023May 15, 2023
The EBRD will invest in RMBV’s USD 300 million North Africa fund.
Business

The EBRD will invest in RMBV’s USD 300 million North Africa fund.

The European Bank for Reconstruction and Development (EBRD) will invest USD 60 million in RMBV’s third North African fund, according…

byakintundeMay 15, 2023May 15, 2023
BPE Partners and TSFE support the creation of a pharmaceutical distribution platform.
AfricaBusiness

BPE Partners and TSFE support the creation of a pharmaceutical distribution platform.

The Sovereign Fund of Egypt (TSFE), in collaboration with leading private equity firm B Investments and its healthcare and pharmaceutical…

byakintundeMay 15, 2023May 15, 2023
Investor protection is the SEC’s top priority in fintech regulation.
Local

Investor protection is the SEC’s top priority in fintech regulation.

The Securities and Exchange Commission (SEC), Nigeria’s leading capital market regulator, has stated that one of its primary goals in…

byakintundeMay 15, 2023May 15, 2023
Ekiti is Classified as Flood-prone by NEMA.
environment

Ekiti is Classified as Flood-prone by NEMA.

The National Emergency Management Agency has issued a flood warning for Ekiti State, citing higher rainfall in the latter part…

byakintundeMay 15, 2023May 15, 2023
PFAs’ exposure to FGN securities increased 17% to N29.66 trillion as interest rates rose.
Local

PFAs’ exposure to FGN securities increased 17% to N29.66 trillion as interest rates rose.

The increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) in an effort to combat…

byakintundeMay 15, 2023May 15, 2023
Investors question projected exit pricing for Union Bank and Oando purchases.
Business

Investors question projected exit pricing for Union Bank and Oando purchases.

Investors in Nigeria’s capital market are unhappy with the exit prices proposed by Titan Trust Bank Limited and Ocean and…

byakintundeMay 15, 2023May 15, 2023
Contributory Pensions Increased to N590bn in Q1.
Local

Contributory Pensions Increased to N590bn in Q1.

According to National Pension Commission data, the assets under the Contributory Pension Scheme increased by N590 billion in the first…

byakintundeMay 15, 2023May 15, 2023
In one week, stock investors lost N136 billion.
Local

In one week, stock investors lost N136 billion.

At the end of last week’s trading on the Nigerian Exchange Limited, stock investors lost N136 billion.The All-Share Index fell…

byakintundeMay 15, 2023May 15, 2023
States paying outgoing government pensions owe N3 trillion in debt.
Finance

States paying outgoing government pensions owe N3 trillion in debt.

Despite increasing debts and unpaid wages for workers, no fewer than 18 departing state governors will retire into lives of…

byakintundeMay 15, 2023May 15, 2023
Oil theft and shutdowns cost Nigeria N313 billion, and operators call for harsh sanctions.
Commodities

Oil theft and shutdowns cost Nigeria N313 billion, and operators call for harsh sanctions.

Nigeria’s oil production output has drastically decreased as a result of rising oil thefts and labor unrest, costing the country…

byakintundeMay 15, 2023May 15, 2023

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