Surge in Crude Oil Theft Incidents Plague Niger Delta Region
The Nigerian National Petroleum Company Limited (NNPCL) has reported a concerning surge in crude oil theft incidents across the Niger…
Day: October 25, 2023
Lagos Tax Appeal Tribunal Orders MTN Nigeria to Pay $72.5 Million in Tax Default
Introduction: The Lagos State division of the Tax Appeal Tribunal has ruled that MTN Nigeria Communications must pay a sum…
Apex Group Expands African Footprint with Acquisition of BCI and BIP in South Africa
Global financial services provider, Apex Group, has successfully acquired Boutique Collective Investments (BCI) and Boutique Investment Partners (BIP) in South…
Verod Capital and AfricInvest Acquire Majority Stake in iSON Xperiences
Private equity firms Verod Capital and AfricInvest have jointly acquired a majority stake in iSON Xperiences, a prominent ICT solutions…
BluePeak Private Capital Raises $156M for Inaugural Fund Supporting African SMEs
Alternative asset manager BluePeak Private Capital has successfully closed its first private capital fund, raising $156 million. The fund focuses…
Ogun State’s Red and Blue Rail Lines Projected to Begin Operations in 2024
Governor Dapo Abiodun of Ogun State has announced that the proposed red and blue rail lines, developed in collaboration with…
Naira Hits Record Low of N1,310 per Dollar
The Nigerian Naira experienced a significant decline, reaching a record low of N1,310 per US dollar on the parallel market,…
Banking Agents: A Pillar of Financial Inclusion in Nigeria
In 2018, accessing banking services in Nigeria was a challenge due to long queues and limited branches. However, the introduction…
Nigerian Pension Funds Increase Equity Holdings by 47.5% in Seven Months
Nigerian pension funds have shown a renewed interest in equities, with their holdings surging by 47.5% in just seven months,…
Rise in Financial Fraud: Challenges Faced by Nigerian Banks and Fintechs
The Nigerian financial sector is grappling with a surge in financial fraud cases, impacting both traditional banks and fintech companies.…