MTN Ghana CEO Selorm Adadevoh Appointed Chief Commercial Officer of MTN Group
Selorm Adadevoh, the Chief Executive Officer (CEO) of MTN Ghana, has been appointed as the Chief Commercial Officer of MTN…
Month: December 2023
Namibia’s Central Bank Maintains Policy Rate Amid Projected Inflation Slowdown
Namibia’s central bank has opted to keep its policy rate unchanged at 7.75%, citing anticipated inflation deceleration in the coming…
Nigeria’s Foreign Reserves Dip by $4.07 Billion in 11 Months, Hits $33 Billion
Nigeria’s foreign reserves experienced a substantial decline of $4.07 billion in the first 11 months of 2023, settling at $33…
Sovereign Wealth Funds Face Challenges in Scaling Climate Investments Despite Urgency
Sovereign wealth funds, controlling nearly $12 trillion in assets, encounter significant hurdles in rapidly increasing climate investments despite the pressing…
World Bank President Urges Record Funding for IDA to Meet Growing Demands
World Bank President Ajay Banga has called on member countries to make the next replenishment of the International Development Association…
Nigerian President Orders Probe into Deadly Military Drone Attack in Kaduna”
Nigeria’s President Bola Tinubu has ordered a comprehensive investigation into a military drone attack over the weekend that resulted in…
Unprecedented Wealth Transfer: Over 1,000 Billionaires to Pass Down $5.2 Trillion in Next Decades
An extraordinary wealth transfer is on the horizon, as the UBS Billionaire 2023 report reveals that more than 1,000 billionaires…
Mastercard Foundation Africa Growth Fund Expands Portfolio with Strategic Investments in Chui Ventures, VestedWorld, and SME Impact Fund
The Mastercard Foundation Africa Growth Fund has achieved a significant milestone by making strategic investments in three Investment Vehicles (IVs):…
Controversial Pricing Shift Raises Concerns Over Nigeria’s Oil Revenue Stability
The Nigerian National Petroleum Corporation (NNPC) is implementing a contentious shift in how it prices its crude cargoes, causing uncertainty…
Increased Fuel Prices Lead to Soaring Interstate Travel Costs for Nigerian Holidaymakers
Holidaymakers in Nigeria, especially those travelling from major cities like Abuja and Lagos to their country homes, are facing higher…
Soaring Diesel Prices Hit Container Haulage, Threaten Christmas Shopping in Nigeria”
As the Christmas season approaches, shoppers in Nigeria face the threat of struggling to purchase goods due to the impact…
EFCC Presents N76.586 Billion Budget to House Committee, Citing Need for Vigilance and Expanded Operations
The Economic and Financial Crime Commission (EFCC) defended a budget of N76.586 billion for the next financial year, 2024, before…
Senate Summons Nigerian Ports Authority Over Terminal Operators’ $1.85 Billion Debt”
The Senate Public Accounts Committee has summoned the Nigerian Ports Authority (NPA) to provide explanations for the outstanding funds owed…
Mounting Pressure on NNPC as December Deadline for Port Harcourt Refinery Nears
With only 26 days remaining until the end of December, the Nigerian National Petroleum Corporation (NNPC) faces escalating pressure to…
Nigeria’s Trade Surplus Hits 5-Year High Amid Naira Devaluation
Nigeria’s trade surplus has reached its highest point in five years and three months, driven predominantly by the devaluation of…
COP28 President’s Controversial Stance on Fossil Fuels Sparks Outcry
Sultan Al Jaber, president of the COP28 Climate Summit, has ignited controversy by dismissing the scientific consensus on the necessity…
Sharp Surge in Dollar Inflow Through CBN: July 2023 Economic Report”
In July 2023, the Central Bank of Nigeria (CBN) witnessed a substantial surge in dollar inflow, marking a notable increase…
Nigeria Inks Deal for 1 GW Solar PV Manufacturing Plant to Revolutionize Energy Sector
In a significant move to enhance its energy landscape, the Federal Government of Nigeria has entered into an agreement at…
Meta’s 2Africa Subsea Cable Misses Landing Deadline in Nigeria, No New Timeline Provided”
Meta’s 2Africa subsea cable project, eagerly awaited in Nigeria, has failed to meet its November landing deadline in the cities…
UK Announces Stringent Measures to Curtail Legal Migration Amid Record Figures
The United Kingdom has unveiled plans to significantly reduce the number of migrants arriving through legal routes by imposing stricter…
Moody’s Warns of Negative Outlook for Banks in 2024 Due to Global Economic Challenges
Moody’s, the credit rating agency, has issued a cautionary outlook for banks in 2024, citing sluggish global growth, an increased…
Oil Prices Stabilize Amid OPEC+ Uncertainty, Middle East Tensions, and Weak U.S. Economic Data
Oil markets experienced stability on Tuesday, marked by a delicate balance of factors such as uncertainties surrounding the OPEC+ group’s…
Senator Jimoh Ibrahim Advocates Borrowing for Economic Growth, Defends COP28 Delegation Size”
Senator Jimoh Ibrahim, representing Ondo South in the Nigerian Senate, has reaffirmed his stance that the country’s economic growth hinges…
NGX Trading Report: Market Records Turbulent Start, N259 Billion Loss
The Nigerian Stock Exchange (NGX) witnessed a turbulent start to the week as the All-Share Index declined by 0.66%, resulting…
Julius Berger Officially Hands Over Second Niger Bridge to Nigerian Government
Construction giant Julius Berger has officially handed over the completed Second Niger Bridge to the Nigerian government. The 1.6-kilometer-long bridge,…
Prof. Benedict Oramah Named FORBES AFRICA Person of the Year 2023
Prof. Benedict Oramah, the President of the African Export-Import Bank (Afreximbank), has been named FORBES AFRICA Person of the Year…
Nigerian Exchange Lists Additional 398 Million McNichols Consolidated Shares
The Nigerian Exchange Limited (NGX) has listed an additional 398 million ordinary shares of McNichols Consolidated Plc, following the company’s…
Gold Hits Record Highs, Bitcoin Surpasses $41K in Year-End Rally
As markets enter the last month of the year, gold has reached record highs, trading at $2,100, while Bitcoin surged…
Allied Climate Partners Launched by World Bank and Charities to Generate $11 Billion for Climate Investments in Developing Countries
The World Bank’s private investment arm has collaborated with major charities to launch the Allied Climate Partners (ACP) platform, aiming…
ARCH Cold Chain Solutions East Africa Fund: Transforming Cold Chain Logistics Across the Region
Overview: ARCH Cold Chain Solutions East Africa Fund is pioneering the development of a comprehensive Cold Chain network across East…