Historic Agreement: UAE Lifts Visa Ban on Nigerian Travelers
In a significant diplomatic breakthrough, the United Arab Emirates (UAE) has officially lifted the visa ban imposed on Nigerian travelers,…
Year: 2023
Central Bank of Nigeria Directs Banks to Use Forex Gains Prudently
The Central Bank of Nigeria (CBN) issued a directive on Monday instructing commercial banks not to utilize their foreign exchange…
Indian Fintech Perfios Raises $229 Million in Series D Funding Round
Indian fintech firm Perfios has successfully secured $229 million in a recent Series D funding round, a move aimed at…
India Mulls Allowing Local Firms to List on Foreign Exchanges, Including London Stock Exchange
India is reevaluating the possibility of permitting domestic companies to list on foreign exchanges, including the London Stock Exchange, according…
Coinbase Clarifies: Disabled New User Sign-Ups in India, Still Committed to Market
Coinbase has clarified that it disabled new user sign-ups on its exchange platform in India back in June due to…
Gabon’s New Prime Minister Pledges Free Elections within Two Years
Raymond Ndong Sima, Gabon’s recently appointed Prime Minister, has announced the military government’s commitment to organizing free elections within the…
Surge in Insurance Claims Places Pressure on Leading Nigerian Firms
In the first half of 2023, Nigeria’s top insurance companies witnessed a substantial surge in net claims payments, reaching N49.158…
Olam Group Disputes Nigerian Media’s Forex Fraud Allegations
Singapore-based Olam Group has strongly refuted recent reports from Nigerian media claiming its African units were involved in a multi-billion-dollar…
Tinubu Administration Focuses on Tax Reform, Not Rate Hikes – Taiwo Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, assured that President Bola Tinubu’s administration…
Medical Consultants in Nigeria Extend Ultimatum, Cite Brain Drain Concerns
The nationwide strike planned by the Medical and Dental Consultants Association of Nigeria (MDCAN) has been postponed for a period…
President Tinubu Explores Economic Collaboration with Germany, South Korea, and India
Nigeria’s President Bola Tinubu engaged in discussions with German Chancellor Olaf Scholz, South Korean President Yoon Suk Yeol, and Indian…
Fitch Ratings Expresses Concern Over Nigeria’s Weak External Reserves and Policy Challenges
Fitch Ratings has raised alarms over Nigeria’s precarious external reserves, stating that it underscores the country’s susceptibility to external risks…
Amazon’s Project Kuiper Set to Revolutionize 5G Connectivity in Remote Africa and Europe
Vodafone has unveiled ambitious plans to utilize Amazon’s forthcoming satellite initiative, Project Kuiper, for extending 4G and 5G coverage to…
Rentoza Secures $6 Million Investment to Expand Its Pay-Per-Use Rental Model for Electronic Goods Beyond South Africa
Rentoza has successfully raised $6 million in funding to broaden the reach of its pay-per-use subscription model for renting electronic…
BFA Global’s Catalyst Fund Secures $8.6 Million for Climate-Centric African Startups
BFA Global’s Catalyst Fund has achieved its initial funding milestone, garnering $8.6 million out of the targeted $40 million for…
Alex Okosi Appointed as Managing Director for Google in Africa
Google has named Alex Okosi as the Managing Director for its operations in Africa. Prior to this, Okosi held the…
Weza Power to Revolutionize Electricity Distribution in Burundi
Announced at the Africa Climate Summit in Nairobi, a groundbreaking initiative will bring grid power to nearly 70% of Burundi’s…
British University in Egypt (BUE) Partners with AfricInvest for $40 Million Expansion Plan
The British University in Egypt (BUE), a leading private British institution, has entered into a strategic collaboration with AfricInvest, a…
Globeducate Joins International Education Group (IEG) as Shareholder After Regulatory Approval in Morocco
Globeducate, a leading K12 education group, has acquired a stake in International Education Group (IEG) following regulatory clearance in Morocco,…
UK Sees Steepest Annual House Price Drop in 14 Years
UK house prices have experienced their most significant annual decline in 14 years, with August seeing a 4.6% drop, the…
UK Property Survey Shows Falling Sales and Frenetic Rental Market
The UK property market is experiencing a dip in house sales due to high mortgage rates deterring potential buyers. In…
UN Food Agency’s Global Price Index Hits Two-Year Low in August
In August, the world price index of the United Nations food agency dropped to a new low for the past…
Strike Disrupts Chevron’s Australian LNG Projects, Threatening Global Supply
Employees at Chevron’s liquefied natural gas (LNG) ventures in Australia initiated a strike on Friday as negotiations failed, potentially disrupting…
President Tinubu Encourages Nigerians in India to Leverage Diversity for Prosperity
During the India G-20 Summit, President Tinubu addressed Nigerians in India, emphasizing that Nigeria’s future is dynamic and abundant in…
FAAN Initiates Relocation of International Airlines to New Terminal at Lagos Airport
The Federal Airports Authority of Nigeria (FAAN) has commenced the process of relocating international airlines to the new international terminal…
Dollar Holds Near Six-Month Highs Amid Inflation Concerns and Fed Hawkishness
The dollar has stabilized near six-month highs, as ongoing signs of inflation in the United States continue to fuel concerns…
Nigeria Records N335m Loss Due to Oil Spills in 2023
Between January and August 2023, Nigeria suffered an estimated loss of N335 million due to oil spills, according to data…
Nigeria Records a Foreign Trade Surplus of N2.22tn in H1 2023
In the first half of 2023, Nigeria’s foreign exchange earnings experienced growth, resulting in a foreign trade surplus of N2.22…
NCC Urges Banks to Settle N120bn USSD Debt to Boost Financial Inclusion
The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has emphasized that the N120 billion Unstructured Supplementary…
Nigerian Stock Market Records N112 Billion Loss as Bearish Trend Continues
The Nigerian stock market experienced another downturn on Thursday, resulting in a loss of N112 billion in market capitalization. This…