Nigeria’s Equities Market Records a Decline as Investors Take Profit Amid…
Nigeria's equities market witnessed a negative turn as investors opted to take profits, particularly in stocks…
Yearly Archives
2023
KPMG Forecasts Nigeria’s Inflation to Hit 30% by December 2023 Amid Reforms
KPMG has projected that Nigeria's headline inflation could reach 30 percent by December 2023, attributing this…
Nigeria Rekindles Shipping Tax Dispute, Demands Payment by Year-End
Nigeria has revived a dispute with shipping companies, demanding that non-resident shipping lines settle…
Nigeria Withdraws Civil Claims Against Eni and Shell, Yet Investor Exodus Persists
Nigeria has withdrawn civil claims against energy giant Eni SpA and its partner, Shell, concluding a prolonged…
Nigeria Urged to Prioritize Low-Hanging Revenue Opportunities Over Debt for…
Introduction: Nigeria is being advised to prioritize low-hanging revenue opportunities over increasing debt to…
Nigeria Drafts Bill to Reform Public Finance Management and Treasury Operations
The Office of the Accountant General of the Federation (OAGF) in Nigeria has announced the drafting of a bill…
OpenAI Rehires Sam Altman as CEO Following Initial Sacking
Introduction:OpenAI, the artificial intelligence research laboratory, has announced an agreement to rehire Sam…
Rethinking Nigeria’s Economic Strategy: Prioritizing Revenue Opportunities…
Nigeria is contemplating a shift in its economic strategy by prioritizing low-hanging revenue opportunities over…
U.S. Welcomes Breakthrough Agreement on Release of Hostages in Israel-Hamas Deal
The United States has expressed gratitude for the recent breakthrough agreement between Israel and Hamas, leading…
Seplat Energy Invests $250 Million in New Gas Processing Plant to Boost…
Nigerian independent energy company, Seplat Energy Plc, has unveiled plans for a substantial $250 million…
Nigerian Breweries Seeks Shareholder Approval for 80% Stake in Distell Nigeria
Nigerian Breweries (NB) Plc, the largest brewery in Nigeria, has presented a proposal to its shareholders seeking…
Nigeria and Germany Explore Investment Opportunities in Power and Rail Sectors
President Bola Tinubu recently engaged in discussions with German Federal Chancellor Olaf Scholz during the G20…
Allegations of Misappropriation: Nigerian Lottery Trust Fund Faces Scrutiny by…
The House of Representatives Committee on Finance is currently conducting a status enquiry into the National…
Unraveling Turmoil: A Timeline of Sam Altman’s Departure from OpenAI
In a startling sequence of events, Sam Altman, the former president of Y Combinator and CEO of OpenAI, was fired…
Strategic Investment in Consumer Profile Bureau by 1K Africa and Ascension Capital
1K Africa and Ascension Capital have jointly announced a strategic investment in Consumer Profile Bureau (CPB), a…
Namibia Infrastructure Development Fund Invests in Lightstruck Holdings to Expand…
The Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital, has made a significant…
Cipla Quality Chemicals Sees Investor Interest Amidst Takeover Approval
The recent approval of the takeover of Cipla Quality Chemicals Ltd by the Common Market for Eastern and Southern…
CSquared Secures $25 Million Investment to Fuel Broadband Infrastructure Expansion…
Pan-African technology company CSquared Link Holdings (Mauritius) Limited has announced a new equity investment…
Nigeria Seals $2.2 Billion Solar PV Deal with Sun Africa for Renewable Energy…
The Nigerian federal government, through the Ministry of Power, has finalized a $2.2 billion solar PV deal with…
Escalating Drug Prices in Nigeria Following GlaxoSmithKline’s Exit: A Crisis…
The departure of GlaxoSmithKline (GSK) from Nigeria has triggered a severe healthcare crisis, leading to a surge…
Nigeria Witnesses Surge in Federation Account Revenue After Fuel Subsidy Removal
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, has reported a significant…
Oil Prices Surge Amid Anticipation of OPEC+ Production Cuts
Oil prices experienced a significant surge this week as expectations grew that the Organization of Petroleum…
Central Bank of Nigeria Delays Monetary Policy Meeting Amid Forex Backlog
The Central Bank of Nigeria (CBN) has deferred its Monetary Policy Committee (MPC) meeting for the second time…
Inflation Crisis in Nigeria Forces Many to Choose Between Food and Medicine
The inflation crisis in Nigeria is exacerbating the challenges faced by individuals with chronic health…
Nigeria’s Streaming Woes: Slow Adoption Challenges Netflix and Local…
Despite Nigeria being Africa's most populous country with a significant mobile user base, the adoption of…
Naira Appreciates Against Dollar on Parallel Market, Stabilizing at N1,125/$
The Nigerian naira has appreciated against the US dollar, gaining 0.88% to reach N1,125/$ on the parallel market.…
Low IGR: 18 Nigerian States in Dire Financial Straits, Missing Opportunities at…
Out of Nigeria's 36 states, only Lagos was represented at the 2023 Africa Investment Forum (AIF) in Marrakech,…
Nestle Nigeria Reports Loss After Naira Weakness Triggers N127.46 Billion Forex…
Nestle Nigeria has reported a loss after tax for the 9-month period ending in 2023 due to a significant foreign…
Nigeria Declares State of Emergency in Health Sector Due to Dilapidated Facilities
Summary:The Federal Government of Nigeria has declared a state of emergency in the country's health sector, citing…
Despite Inflation, Real Estate Opportunities Exist in Nigeria: Land-Banking and…
Summary:Amid the impact of inflation on various sectors, including real estate, there are still opportunities for…