Venture-backed Expensya purchased in a trade sale.
The Tunisian-born but Paris-based Expensya will be acquired by Medius, a Swedish business cost management company, for an unknown sum.…
Day: June 12, 2023
Investors supporting Helium Health’s Series B include AXA IM Alts.
Helium Health, an African startup that offers healthcare providers and public health organizations software-as-a-service tools, funding, and insights, has secured…
Transform Health Fund holds its first closure under AfricInvest management.
The pan-African Transform Health Fund (THF), which is run by AfricInvest, has closed its first $50 million round of financing,…
Strategic Partnership between Bopa Moruo, RMB Ventures, and Aurex Constructors.
Aurex Constructors, RMB Ventures, and Bopa Moruo form a strategic alliance to build a stronger future. June 2023, Johannesburg, South…
Report: Product taxes increase by 112% and cost N3 trillion.
Total product taxes in the economy increased by 112.02 percent, from N1.43 trillion in 2019 to N3.03 trillion in 2022,…
Experts: The FG’s FX Unification Policy Will Deepen the Capital Market and Attract FDIs.
The federal government’s FX unification strategy has been praised by experts in the Nigerian financial services industry, who emphasize that…
Binance Operations in Nigeria have been Deemed Illegal by the SEC and the US Commission.
In an effort to make Binance’s operations in Nigeria illegal, the Securities and Exchange Commission (SEC) has joined the United…
NPA Unveils Two Tug Boats for Port Security and Trade Facilitation.
The Nigerian Ports Authority (NPA) has put two newly purchased bollard pull tug boats into service in an effort to…
Savannah Energy Reports a 26% Revenue Increase to $290.4 million.
Savannah unveiled its first renewable energy project, a 250 MW wind farm in Niger called Parc Eolien de la Tarka,…
Banks Continue to Maintain Ratio at Above 30% Despite Liquidity Crunch.
Deposit Money Banks (DMBs) operating in Nigeria reported varied Liquidity Ratio (LR) over the statutory level in the 2022 financial…