Zest AI secures $200 million to expand credit tech and pursue acquisitions
Zest AI, a credit underwriting solutions provider, has secured a $200 million growth investment from its long-time investor, Insight Partners.…
Day: December 19, 2024
Rainier Partners Acquires WPAS to Expand Multi-Employer Benefits Administration
Rainier Partners, a Seattle-based private equity firm, has announced its investment in Welfare & Pension Administration Service (WPAS), a leading…
USTDA and Meridiam Join Forces for African Infrastructure Development
The United States Trade and Development Agency (USTDA) and Paris-based Meridiam SAS have signed a Memorandum of Understanding (MOU) to…
SEC Draft Rules Open Pension Funds to Commercial Papers Investment
The Securities and Exchange Commission (SEC) has released draft rules enabling pension funds in Nigeria to resume investments in commercial…
US Stocks Fall as Fed Signals Slower Pace of Rate Cuts
US stock markets experienced significant declines following the Federal Reserve’s decision to cut interest rates for the third time in…
Bank of England Expected to Maintain Interest Rates at 4.75%
The Bank of England is expected to keep its base interest rate steady at 4.75%, following the Monetary Policy Committee…
Capital Economics sees muted Saudi growth into 2025
Capital Economics forecasts subdued economic growth for Saudi Arabia through 2025, attributing it to conservative oil policies and fiscal consolidation…
Tinubu Unveils 2025 Budget Targeting Inflation and Naira Stability
President Bola Tinubu presented the 2025 Appropriation Bill to the National Assembly, aiming to stabilize the exchange rate at N1,500…
MSMEs navigate tough economy, demand state of emergency to tackle issues
Micro, small, and medium enterprises (MSMEs) in Nigeria are facing a tough economic environment marked by rising costs, limited access…
Rupee Hits Record Low at 85/USD as Fed Outlook and Economic Pressures Weigh
The Indian rupee has plunged past the 85 mark against the U.S. dollar for the first time, marking a historic…
CBN caps PoS daily withdrawal at N100,000 to boost cashless economy
The Central Bank of Nigeria (CBN) has implemented a daily withdrawal limit of N100,000 for customers using point-of-sale (PoS) terminals…
Dangote to NNPC Ltd: Your statement on $1bn refinery investment inaccurate, misleading
Dangote Petroleum Refinery has refuted claims made by the Nigerian National Petroleum Company Limited (NNPCL) about its role in a…
Nigeria’s $42bn Reserves Can Fund Nine Months of Imports Says CBN
Nigeria’s external reserves have grown to $42.01 billion, enabling the country to finance imports for over nine months, according to…
Aradel Holdings and 41 Others Boost Nigerian Stock Market by N258bn
The Nigerian stock market maintained its upward trend, fueled by price gains in Aradel Holdings Plc and 41 other stocks.…