Nigeria Aims to Boost Startup Funding to $5 Billion Annually by 2027
Nigeria has set an ambitious goal to facilitate startups in raising a total of $5 billion annually by 2027. Dr.…
Day: October 3, 2023
Impact of Central Bank’s Exchange Rate Unification Policy in Nigeria
The Central Bank of Nigeria’s exchange rate unification policy has resulted in significant financial shifts. The Federal Government and banks…
Nigerian Stock Exchange Records Loss of N516 Billion in One Week
Investors on the Nigerian Exchange Limited (NGX) experienced a loss of N516 billion in one week of trading, with a…
Amethis Invests in Moroccan Energy Transfo to Accelerate Growth in Energy Sector
Private equity firm Amethis has acquired a minority stake in Energy Transfo, a leading company in the design and manufacturing…
P1 Ventures Completes $25 Million Close of Second Fund to Support African Tech Startups
P1 Ventures, a Pan-African Seed VC fund, has successfully closed the first round of its second fund, raising $25 million.…
African Infrastructure Investment Managers (AIIM) Doubles Equity Commitment to NOA Group Holdings for Renewable Energy Fast-Tracking in South Africa
African Infrastructure Investment Managers (AIIM), a subsidiary of Old Mutual Alternative Investments, is increasing its equity commitment to NOA Group…
Nigeria’s President Tinubu Faces Scrutiny Over Economic Reforms and Governance Style
Nigeria’s President Bola Tinubu, in office for just over four months, has made significant economic reforms, including removing petrol subsidies…
Nigeria’s Labour Unions Suspend Nationwide Strike for 30 Days Following Government Agreements
Nigeria’s Labour Congress (NLC) and Trade Union Congress (TUC) have agreed to suspend the planned indefinite nationwide strike, scheduled to…
Nigerian Banks’ Borrowing from Central Bank Drops Sharply in May 2023
Deposit Money Banks (DMBs) in Nigeria borrowed significantly less from the Central Bank of Nigeria (CBN) in May 2023, with…
Oil Prices Inch Up on Tight Supply Outlook and Risk Appetite Following US Government Shutdown Deal
Oil prices saw a slight rise, recovering from the losses experienced at the end of the previous week. Investors shifted…
Decline in Nigerian Banks’ Borrowing from Central Bank Indicates Improved Liquidity
In May 2023, Deposit Money Banks (DMBs) in Nigeria borrowed significantly less from the Central Bank of Nigeria (CBN), as…
Secha Capital Secures R300 Million in First Close of Second Fund
Secha Capital, a black, female-founded fund manager, has achieved a first close of its second fund with R300 million in…