Spanish Navy Renews Commitment to Collaborate with Nigerian Navy in Gulf of Guinea
The Spanish Navy has expressed its dedication to working in partnership with the Nigerian Navy to address maritime…
Monthly Archives
November 2023
Dubai’s Foreign Direct Investments in Kenya Surge to $253 Million in Five…
Kenya has seen a substantial increase in foreign direct investments (FDIs) from Dubai, with the total reaching…
British International Investment (BII) to Sell 10.13% Stake in I&M Group to…
UK development finance institution British International Investment (BII) has entered into an agreement to sell…
Nigeria’s Top Banks Experience Surge in Customer Deposits Amidst Increased…
Nigeria's five largest banks have witnessed a notable surge in customer deposits this year, outpacing the growth…
African Development Bank President Highlights Africa’s Pivotal Role in the…
Akinwumi Adesina, President of the African Development Bank (AfDB) Group, emphasized the critical role Africa…
Nigeria Faces Quality Seed Shortage, Hindering Agricultural Productivity
Despite having 314 registered seed companies, Nigeria, Africa's most populous country, is grappling with a…
Central Bank of Nigeria Reassures Availability of Cash, Affirms Legal Tender of…
The Central Bank of Nigeria (CBN) has issued a statement assuring the public of the continued availability of…
MTN Expects Nigeria’s Economic Reforms to Yield Growth by Mid-2024
MTN Group Ltd., Africa's largest wireless company, anticipates that Nigeria's economic reforms, spearheaded by…
Africa’s Role in the $57 Trillion Electric Vehicle Market: Opportunities and…
Akinwumi Adesina, President of the African Development Bank Group, emphasized Africa's pivotal position in the…
Nigeria Considers Using NLNG Dividends to Bolster Economy and Naira Value
The Bola Ahmed Tinubu-led federal government in Nigeria is exploring the possibility of utilizing dividends…
01 Advisors Raises $395M for Series B-Stage Startups: A Shift in Venture Focus
01 Advisors, founded by former Twitter CEO Dick Costolo and COO Adam Bain, along with Facebook veteran David…
Emerging Africa Infrastructure Fund Commits $48 Million for West Africa’s First…
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has…
Inspired Evolution Fund, FMO, and STOA Acquire 75% Stake in Red Rocket Group
Inspired Evolution’s Evolution III Fund, in collaboration with Dutch Development Bank FMO and STOA Infra and…
Rivian Shows Promising Q3 Results: Revenue Surges, Losses Narrow
Rivian, the electric vehicle (EV) manufacturer, has released its third-quarter results, showcasing significant…
Nigeria’s Maritime Security Crucial for Tapping into $2.5 Trillion Blue…
Bashir Jamoh, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), emphasized the…
Revitalizing Nigeria’s Oil and Gas Sector: Challenges and Imperatives
The Nigerian government is pinning hopes on the oil and gas sector to stabilize the devalued naira, but the…
Total Energies’ Dividends Surge as Earnings and Cash Flow Strengthen
Total Energies Plc, a downstream firm, has demonstrated a robust dividend payout trend since 2006, with a…
Revitalizing Nigeria’s Oil and Gas Sector: Challenges and Imperatives
The Nigerian government is pinning hopes on the oil and gas sector to stabilize the devalued naira, but the…
Nigeria’s High Drug Import Tariffs: A Barrier to Essential Medicines for…
Steep tariffs on imported drugs in Nigeria are driving up prices, making essential medicines for non-communicable…
African Startup Funding Sees Decline in October, Nigeria Lags Behind Peers
Funding activity for startups in Africa, particularly Nigeria, witnessed a decline in October. While there was a…
Atedo Peterside Criticizes Nigerian Government’s Lavish Spending Amid…
Atedo Peterside, in an exclusive interview with BusinessDay, has voiced his criticism of the Nigerian government's…
MeCure Industries Set to List 4 Billion Shares on NGX, Boosting Market…
Leading pharmaceuticals and nutraceuticals manufacturing company, MeCure Industries Limited, is gearing up for a…
Berger Paints Nigeria PLC Demonstrates Resilience Amid Challenges, Promises…
Berger Paints Nigeria PLC (BPN) Plc, a prominent manufacturer of paints and allied products, has reassured the…
Nigeria’s Equities Market Commences the Week on a Positive Note, Gaining…
On Monday, November 6, Nigeria's equities market started the week on a positive trajectory, surging by 0.40…
Dangote Cement Offers Series 10 and 11 of Commercial Papers in N300bn Issuance…
Dangote Cement, a prominent Sub-Saharan Africa cement producer, has launched series 10 and 11 of its Commercial…
Novatek Dismisses US Sanctions on Arctic LNG 2, Calls it a Bid to Inflate Gas…
Russian gas giant Novatek has brushed aside recent US sanctions against its Arctic LNG 2 project, characterizing…
Peter Obi Expresses Disappointment in Supreme Court’s Ruling on Presidential…
Peter Obi, the presidential candidate of the Labour Party (LP) in the 2023 election, has voiced his disappointment…
Mobile Money Agents Surge in Nigeria, Boosting Financial Inclusion
A recent report by the International Monetary Fund (IMF) reveals a substantial increase in registered mobile…
Nigeria’s Federal Government Borrowing from Central Bank Hits ₦4.36 Trillion
Data shows that Nigeria's federal government borrowed ₦4.36 trillion from the Central Bank of Nigeria (CBN) as of…
Naira Loses 4.24% Against the Dollar Due to Declining Dollar Supply
The Nigerian Naira has experienced a 4.24% loss in value against the US Dollar at the official market due to a…