Credable, a Digital Banking Infra Startup that wants to Build Unit For Emerging Markets, gets Funding
A $2.5 million seed round has been raised by Credable, a newcomer in this field that offers its clients the…
Year: 2023
BlackRock Eyes Deal to Buy Into Biggest Africa Wind Power Farm in Kenya
Northern Kenya’s Lake Turkana Wind Power is home to Africa’s largest wind farm, and a public-private partnership supported by BlackRock…
Airtel Launches First eSIM Card Services in Tanzania
The eSIM (embedded SIM), a digital SIM that gives users access to the same functionality as physical SIMs sold in…
Moody’s in Tanzania to Evaluate Credit Worthiness
Tanzania can borrow money from foreign markets at fair rates if the government’s efforts to improve its credit rating are…
T-bills, Bonds Still Safest to Invest in — Ebo Turkson
According to Assistant Professor of Economics Prof. Festus Ebo Turkson, notwithstanding the government’s incapacity to pay its debts, Treasury securities,…
Foreign Investors Dump Over Four billion NSE Shares
In multi-year selloffs, foreign investors have sold nearly four billion Nairobi Stock Exchange (NSE) shares, making the stock market more…
State Owes ViVo Energy Sh21 Billion Fuel Subsidy
The parent company of the oil marketer flagged the delayed payments after the government’s debt to Vivo Energy Kenya under…
SEC Rejects Nigerian Enamelware’s Debt Conversion, Bonus Shares
Nigerian Enamelware Plc’s attempt to convert a significant shareholder’s debt to equity was denied by the Securities and Exchange Commission…
NEXIM, Navy, and NIWA Unveil River Navigation Charts, Providing a Boost to the $61.5M Sealink Project
The release of navigational charts for the lower River Niger has boosted the $61.5 million regional Sealink project being promoted…
MTN To Merge Two Financing Companies.
Momo Payment Service Bank Limited and Yello Digital Financial Services Limited, two finance subsidiaries of telecommunications company MTN Nigeria, have…
Currently Circulating Currency now N982bn – CBN
As a result of the Central Bank of Nigeria’s naira redesign strategy, the amount of currency in circulation in the…
Unilever Nigeria to Quit the Skin Care and Home Care Industries.
Unilever Nigeria’s Fast Moving Consumer Goods division has announced that it will leave the skin care and home care industries…
Inflation Can’t Reduce With High Fuel Price – Abuja chamber
According to the Abuja Chamber of Commerce and Industry, the price of Premium Motor Spirit, more commonly known as gasoline,…
Manufacturers Seek Access to Loans
The Manufacturers Association of Nigeria, which represents manufacturing CEOs, claims that the difficulty in obtaining loans has stifled the expansion…
NCC, Stakeholders Hold Talks on Data Depletion
The Nigerian Communication Commission announced intentions to implement measures on Thursday in order to prevent data depletion and guarantee that…
Manufacturers Claim a 25% Decline in Sales Due to a Cash Shortage.
According to manufacturers, the prolonged shortage of naira notes has caused a 25% decline in sales of manufactured items. The…
MTN to Merge Two Finance Subsidiaries
Momo Payment Service Bank Limited and Yello Digital Financial Services Limited, two finance subsidiaries of telecommunications company MTN Nigeria, have…
Investors are Seeking Sanwoolu’s Intervention in the distribution of Land.
The governor of Lagos State has been urged to give land allocations to those who have finished making payments under…
Ogun Plan to Utilize the Airport as a Hub for Agricultural Processing
Ogun State has made plans to develop an agro-processing hub for the West African sub-region at its gateway agro-cargo airport.…
Agency to Reveal the Top 100 Brands in Africa
The Africa’s 100 Most Valuable Brands 2023 will be revealed, according to The African Brands Media Ltd, on March 29…
FG Names the Top Five Agencies for Business Efficiency.
The top five business-efficient and transparent agencies among the federal government’s Ministries, Departments, and Agencies for the year 2022 were…
Lagos Community Begs Ikeja Disco Over Power Outage
Members of the Prestige Community Development Association in Heritage Estate, Isuti Road, Egan-Igando, in Alimosho Local Government Area of Lagos,…
Eroton Remains OML 18 operator, MD Declared.
Eroton Exploration and Production Company Limited, on Wednesday, insisted that it remained the operator of OML-18 in line with the…
FEC Okays N15bn For Road Linking 2nd Niger Bridge
The Federal Executive Council yesterday approved N15bn for the construction of an access road linking the Benin-Asaba Expressway to the…
FG Finally Confirms Census Will Hold In May
The Federal Government has confirmed that the 2023 population and housing census earlier scheduled for March 29 will now hold…
Sanwo-Olu Gives N100 Million To Akere Market Fire Victims
Lagos State’s burned-out Akere Motor Parts and Associated Market’s vendors have received a N100 million donation from Governor Babajide Sanwo-Olu…
Sahara Group seeks partnerships for the expansion of the oil industry in Africa
Sahara Group seeks partnerships for the expansion of the oil industry in Africa, According to Wale Ajibade, Executive Director of…
Private Sector Blames the Naira Crisis for the Increase in Inflation to 21.9%.
The naira redesign strategy, which was intended to collect cash and reduce the amount of extra money in circulation, caused…
SVB: CBN Encourages African Regulators to Prevent Bank Failure
Godwin Emefiele, the governor of the Central Bank of Nigeria, has encouraged other central bank governors in Africa as well…
Fuel Usage Reaches 80 million liters Daily, while subsidies skyrockets.
The amount of Premium Motor Spirit, often known as gasoline, that is consumed each day has increased to 80 million…