Eskom’s CEO is Stepping Down with Immediate Effect in South Africa.
The state-owned electricity provider in South Africa, Eskom, said that its CEO, Andre de Ruyter, will resign from his position…
Year: 2023
Nigeria’s Economy Grows Slowly as the Oil and Industry Sectors Decline.
Nigeria’s economic growth dropped in the fourth quarter to 3.52% from 3.98% a year earlier (NGGDPQ=ECI), the statistics office reported,…
Nigeria Awards a $70 million Annual Electricity Concession to a Local Company.
The Bureau of Public Enterprises (BPE) reported that Nigeria has selected local energy company Mainstream Energy Solution Ltd to operate…
Comcast Sells Additional BuzzFeed Shares By Utilizing The Upswing In AI.
Comcast Corp. reduced its ownership of BuzzFeed Inc. by 8.5% since the end of January in order to benefit from…
FG Plans To Earn N29 Trillion Annually By Reopening Shut Oil Wells.
The Federal Government is reopening closed crude oil wells in an effort to increase monthly oil production from various Niger…
Westasolar Company Encourages The Use Of Solar Energy
A 148kWp solar installation at Froot Multitrade Nigeria Limited and a 600 kWp solar installation at Sacvin Nigeria Limited have…
Premium Trust Bank Opens Branch At Redemption City
Premium Trust Bank, a quickly expanding commercial institution in Nigeria, has started conducting business in Redemption City, Ogun State. The…
Awosika Is Appointed Matron By An NGO
The Chairman of Access Bank and Honourable Consul to Czech Republic, Dr. Mrs Ajoritsedere Awosika, has been appointed matron and…
Meta Provides Consumer Behavior Data on Nigerians To Help Marketers
The average daily production of reels in Nigeria grew by more than 4% during the week after Eid and the…
Travel Agencies Should Give Foreign Airlines Discounted Rates.
Mr. Yinka Ladipo, the Chief Executive Officer of Dart Logistics Limited and Finance Secretary of the National Association of Nigerian…
Oil Production Has Increased To 1.6 Million Barrels Per Day, According To NNPCL
Nigeria’s oil production surged to 1.6 million barrels per day, according to the Nigerian National Petroleum Corporation Limited, falling only…
New Automobile Product From Mikano
Changan Auto, a brand-new product from Mikano Motors, has entered the Nigerian car industry. In response to the success of…
Gunshots And Explosions Shake Rivers Radio And TV Stations
In Ozuoba, in the Obio/Akpor Local Government Area of Rivers State, gunmen assaulted a prominent radio station, Wish FM 99.5,…
NRC’s Insistence On Cash Transactions Causes Passengers To Complain
The Nigerian Railway Corporation has insisted on cash payment for its operations despite the deployment of cashless payment systems across…
CBN: IMF Requests A Review Of The 2007 Act
To increase the bank’s autonomy and governance, the International Monetary Fund has advocated for a revision of the Central Bank…
Lagos Launches Aerial Mapping
A Cessna 406 aircraft has been used by the Lagos State administration to map the state from the air.The effort,…
Fuel Queues Likely to Reappear in Nigeria Due to Supply Shortage.
Leading oil marketers said that NNPCL depots, which supply private depots across the nation, ran out of supplies over the…
BuuPass Raises $1.3M to Expand Africa’s Mobility Sector Digitization.
In Kenya, the bulk of operators, particularly those in the road transportation industry, still insists that customers physically book tickets…
Meta Will Test A Monthly Subscription Service For $11.99
In an effort to support the growth and community building of content producers, Meta Platforms (META.O) said that it is…
Cleantech Qotto Launches Growth Strategy with $8M Investment.
The IBL group, a $1 billion conglomerate with operations in a number of industries, including energy, financial services, logistics, distribution,…
China Demand Optimism And Supply Forecast Worries, Cause Oil To Climb.
Optimism about China’s demand rebound, worries that underinvestment could constrain future oil supplies, and major producers maintaining output limitations all…
FG Estimates That Inaccurate Measuring Causes 40% Of Oil Losses.
According to the Federal Government, measurement errors—not theft—are to blame for about 40% of the quantities of crude oil losses…
Investors in stocks suffer a loss of N281 billion in a single week.
At the close of last week’s trading on the floor of the Nigerian Exchange Limited, stock investors lost N281 billion.…
Conflicts Between The FG And States Regarding Salary Reviews
Oluwarotimi Akeredolu, the governor of Ondo State and head of the Southern Nigeria Governors’ Forum, recently spoke out against the…
LCCI Tells FG That Rising Inflation Will Make Poverty Worse.
The prolonged increase in the overall price level in recent years has weakened some people’s purchasing power, the Lagos Chamber…
IFC, DEG, Yellowwoods, and Others Backed Naked’s Series B.
A South African insurtech firm called Naked Insurance has acquired $17 million in Series B funding led by the International…
The APC And Bank CEOs Work Quickly To Fix The Naira Crisis.
In a last-ditch effort to resolve the lingering cash crisis that has thrown the entire country into turmoil, governors elected…
Group’s Investments are Brought Together Under the New Axian Units.
Axian Group has revealed a new investment division intended to support Africa’s early-stage tech businesses. Axian Investment, the newly created…
Returning and New Investors Support Smile’s Series B $20m Round.
In an expanding fintech market like that of Africa, the significance of KYC and identity verification cannot be overstated. Strict…
Buhari Instructs Nigeria’s Central Bank to Give Emirates Additional Cash.
The central bank in Nigeria has been instructed by Nigerian President Muhammadu Buhari to boost the amount of foreign currency…