Moniepoint Receives Regulatory Approval for Acquisition of Kopo Kopo to Expand Services in Kenya
The Competition Authority of Kenya (CA) has granted regulatory approval to Moniepoint Inc. for its acquisition of Kopo Kopo, a…
Day: August 22, 2023
Goldman Sachs Explores Sale of Wealth Management Unit as It Refocuses on Ultra-High Net Worth Clients
Goldman Sachs is considering the sale of a portion of its wealth management business, signaling a shift in its strategy…
Dollar Retreats from 10-Week Highs as Risk Appetite Recovers Amid Bond Yield Surge and China Concerns
The U.S. dollar has eased from its recent 10-week highs as global risk appetite rebounded following a jump in U.S.…
European Business Lobby Urges China for Clarity on Economic Plans and National Security
The European Chamber of Commerce in China, an influential business lobby, is calling on Beijing to provide a clear message…
U.S. Stock Futures Rise on Nvidia Optimism and Easing Bond Yields”
U.S. stock index futures have shown positive movement as optimism regarding Nvidia’s upcoming earnings report continues to bolster megacap growth…
S&P Global Downgrades U.S. Regional Banks Due to Funding Costs and CRE Sector Challenges
S&P Global has taken action to downgrade credit ratings and outlooks for several U.S. regional banks, citing concerns about rising…
Pilot Union Division: Advocates Push for Extended Retirement Age Amidst Concerns
The Air Line Pilots Association (ALPA), a long-standing pilot union, faces internal division as a faction of senior pilots, led…
JP Morgan Challenges Nigeria’s FX Reserve Figures, Cautiously Optimistic on Reforms
JP Morgan, a global financial services firm, has raised concerns over Nigeria’s reported foreign exchange (FX) reserve figures, estimating them…
LCCI Urges Shift Towards Asset-Linked Debt, Calls for Economic Reforms
The Lagos Chamber of Commerce and Industry (LCCI) has put forth a recommendation for the Federal Government to restructure the…
New Minister of Finance and Economy Promises to Address Reforms Pain
Wale Edun, the recently appointed Minister of Finance and Coordinating Minister of the Economy, resumed his duties at the ministry’s…
Nigerian Government Vows to Resuscitate Ajaokuta Steel Company
Nigeria’s Minister of Steel Development, Shuaibu Audu, has emphasized the need to revive the Ajaokuta Steel Company, a long-standing moribund…
Stakeholders Call for Urgent Revival of Nigeria’s Refineries to Ease Fuel Importation
Stakeholders in Nigeria have called on the federal government to take immediate action to reactivate the country’s ailing refineries and…
Arbitrary Increases in Petrol Prices Seen in Some Nigerian States – NBS
Several states in Nigeria are facing arbitrary increases in the pump price of petrol beyond the official post-subsidy prices, according…
Nigeria Could Make up to $17 Billion by Selling Stake in Oil and Gas Assets – JP Morgan
According to a report by JP Morgan, the Nigerian government could raise up to $17 billion if it sells down…