Why PE firm Helios Disposed of Telkom Kenya Stake
One of the reasons Helios Investment Partners decided to begin its withdrawal from the troubled telecoms company in 2021 was…
Year: 2023
KCB adds 2,500 Staff on Congo Unit Buyout
After the purchase of a majority interest in the Trust Merchant Bank (TMB) of the Democratic Republic of the Congo…
Investors Purchase N2.61trn FG Bonds in Q1 2023 as Yield Fall Below Inflation Rate
In the first quarter of 2023, domestic investors bought N2.61 trillion worth of FGN Bonds, of which N1.89 trillion was…
Norrenberger Completes Acquiring 60% of Infrastructure Bank’s Stock.
According to the release, Alhaji Ibrahim Aliyu, Chairman of the Norrenberger Group, said the company will use the purchase to…
FG Removes 5% Call and Data Tax
According to Pantami, the telecom industry has already paid taxes, levies, and fees in 41 different categories. The Federal Government…
NEXIM Bank and NIWA Increase Regional Trade.
The release of navigational charts for the lower River Niger in Abuja, according to the Nigeria Export-Import Bank, has boosted…
Kuda Promotes Professional Women
This year’s International Women’s Day will be celebrated with a month-long series of events, according to Kuda Microfinance Bank, which…
Investors Make N10 billion as the Market Recovers.
The Nigerian Exchange Limited’s downward trend came to an end on Tuesday as the market recovered and investors gained N10…
Petrol Price Increased By 54.76% In One Year – NBS
The average retail price of a litre of gasoline rose from N170.42 in February 2022 to N263.76 in February 2023,…
Emefiele Spits Fire, Threatens Errant Banks’ Shareholders
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has issued a stern warning to misbehaving shareholders of…
Credit Suisse Collapse Burns Saudi Investors
The collapse of Credit Suisse also destroyed billions of dollars in investments made by the Olayan family in Saudi Arabia…
CBN Raises Interest Rate To 18%, Retains Other Parameters
The Central Bank of Nigeria’s (CBN) policy-setting committee increased the monetary policy rate (MPR), which measures interest rates, from 17.5…
Nigeria Pensions: Is it for Everyone?
Pension is necessary for everyone, but eligibility for pensions often depends on various factors. These factors includes age, employment status,…
Kenya Power now Bets on Goodwill for Dollar Electricity Bill Payments
The industry regulator stated it would not let Kenya Power to bill consumers in dollars and euros, so the company…
Nigeria, Japan trade hits $10b
The yearly commerce between Nigeria and Japan is $10 billion, and it is anticipated that this figure will climb as…
Head of NNPCL’s Oil Trading Division is a French/Swiss National.
Mr. Jean-Marc Codier, a French-Swiss national and former vice president of the Abu Dhabi National Oil Company (ADNOC), has been…
Top 10 Richest People in Africa – Forbes.
It’s worth noting that the path to wealth is not always straightforward, and many of the richest people faced challenges…
FCMB Group Issues N20.68bn Bond
In accordance with its N300 billion debt issue plan, FCMB Group Plc has announced the issuance of a N20.68 billion…
NIBSS Reports a 44% Decrease in E-bill Payments Due to a Cash Shortage.
Despite the Central Bank of Nigeria’s naira redesign strategy, which aims to increase cashless transactions, the value of electronic utility…
International Breweries Supports Climate Action with Gas-Powered Trucks
International Breweries Plc has started using gas-powered vehicles to transport its products around the nation as part of its ongoing…
N1trn Debt Payment, Gas Supply, Others Top Gencos’ Agenda for Incoming Govt
The next president should give special attention to a number of challenges that Power Generating Companies (Gencos) have outlined that…
Despite a Rise in February’s Crude Production, Nigeria’s Oil Rig Count Stagnates.
Nigeria’s oil rig count remained constant at 13 during the month of February despite an increase of around 48,000 barrels…
Despite Europe’s Need for Spot Supply, Nigeria’s LNG Production Remains Weak
According to a Natural Gas Intelligence (NGI) report, the six-train Nigeria LNG (NLNG) facility on Bonny Island has been producing…
Due to Shaky Investor Sentiment, the Stock Market fell by N16 bn.
The Nigerian Exchange Limited (NGX) stock market began the new trading week yesterday by extending its losing streak for the…
Shell Claims Significant Decline in Nigerian Oil Spills After Shutdown.
In Nigeria’s oil-rich Delta, Shell reported a substantial decrease in oil spills in 2022 due to sabotage, which was caused…
In Nigeria, 75% of the Power is Produced by Generators.
According to the most recent assessments from the Society for Planet and Prosperity, GCA Capital Partners, and Climate Advisers Network,…
Anger as NNPCL Hiring an Expatriate to Lead a Subsidiary
The nomination of Jean-Marc Cordier as the head of the Nigerian National Petroleum Corporation Limited’s oil trading division has sparked…
Interswitch CEO Wins Entrepreneur Award
Mr. Mitchell Elegbe, the Chief Executive Officer and Founder of Interswitch Ltd, was recognized on Friday as the overall winner…
Jumia Laid Off 20% of Staff in Q4 2022 Amid Work to Reduce Losses by Half this Year
Jumia’s streamlining initiatives resulted in a 60% drop in management personnel in Dubai and overall headcount reductions that led to…
Nigerian credit-led Fintech FairMoney Acquires PayForce in Retail-merchant Banking Play
FairMoney, a Nigerian credit-driven digital banking platform, has acquired PayForce, a small business-focused merchant payment service, as it seeks to…