M-Kopa, an African digital credit startup, has raised $255 million in new capital.
M-Kopa, an African finance platform, announced that it had inked a total of $255 million in fresh debt and equity…
Author: akintunde
The EBRD will invest in RMBV’s USD 300 million North Africa fund.
The European Bank for Reconstruction and Development (EBRD) will invest USD 60 million in RMBV’s third North African fund, according…
BPE Partners and TSFE support the creation of a pharmaceutical distribution platform.
The Sovereign Fund of Egypt (TSFE), in collaboration with leading private equity firm B Investments and its healthcare and pharmaceutical…
Investor protection is the SEC’s top priority in fintech regulation.
The Securities and Exchange Commission (SEC), Nigeria’s leading capital market regulator, has stated that one of its primary goals in…
Ekiti is Classified as Flood-prone by NEMA.
The National Emergency Management Agency has issued a flood warning for Ekiti State, citing higher rainfall in the latter part…
PFAs’ exposure to FGN securities increased 17% to N29.66 trillion as interest rates rose.
The increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) in an effort to combat…
Investors question projected exit pricing for Union Bank and Oando purchases.
Investors in Nigeria’s capital market are unhappy with the exit prices proposed by Titan Trust Bank Limited and Ocean and…
Contributory Pensions Increased to N590bn in Q1.
According to National Pension Commission data, the assets under the Contributory Pension Scheme increased by N590 billion in the first…
In one week, stock investors lost N136 billion.
At the end of last week’s trading on the Nigerian Exchange Limited, stock investors lost N136 billion.The All-Share Index fell…
States paying outgoing government pensions owe N3 trillion in debt.
Despite increasing debts and unpaid wages for workers, no fewer than 18 departing state governors will retire into lives of…
Oil theft and shutdowns cost Nigeria N313 billion, and operators call for harsh sanctions.
Nigeria’s oil production output has drastically decreased as a result of rising oil thefts and labor unrest, costing the country…
The Nigerian President’s Order has Delayed the Return of the Benin Bronzes.
A presidential decree naming a royal ruler as the owner and custodian of all returned artifacts caused a British university…
PENGASSAN Warns that Power Supply Crisis in Nigeria may Linger.
According to the Petroleum and Natural Gas Senior Staff Association of Nigeria, Nigerians who are hoping for better electricity supply…
Nigeria’s April Oil Production Fell Below 1mln bpd.
Following a strike at Exxon Mobil’s local facilities, Nigeria’s oil production dropped below 1 million barrels per day (bpd) in…
FEC Authorizes Additional N129 billion for the Ogoni Remediation.
The Federal Economic Council authorized the expenditure of N129.8 billion for a number of projects within the Ministry of the…
NDDC Supports the Senate’s Proposal to look into N1tn Spending.
The Niger Delta Development Commission applauded the Senate for taking action to investigate the agency’s account from 2021 to 2022…
Nigeria Leaders Receive N651m Hardship Allowance.
According to research, state governors, including vice president Yemi Osinbajo, may have received around N651.2 million in hardship payments over…
CBN: Debt Servicing Hits $112m Monthly.
The Federal Government spent $112.35 million in January 2023 repaying external debt. According to information from the Weekly International Payments…
UN: Trade is Crucial for Implementing the 2030 Agenda.
Guy Ryder, the Undersecretary-General for Policy in the United Nations Secretary-General’s Executive Office, claims that trade is a crucial strategy…
Otedola Fumes Over Transcorp Deal.
Femi Otedola, a multibillionaire businessman, claimed on Tuesday that his offer to pay N250 billion for the Nigerian giant Transnational…
KCB Group Modifies its Investment in NSSF.
The National Social Security Fund (NSSF) sold shares valued at Sh837.2 million in the three months prior to December, according…
CBN Penalizes Shipping Companies that Export Illegal Cargoes from Nigeria.
CBN Governor, Godwin Emefiele, while speaking at the RT200 non-oil export summit 2023 in Abuja with the theme “RT200: Challenges…
Seplat is Mandated to have an Annual General Meeting by the Court.
The annual general meeting of the local energy company Seplat Energy Plc has been mandated by an Abuja-based Federal High…
The NCC Approves the Lease of NTEL’s Spectrum to MTN.
MTN Nigeria is given permission by the Nigerian Communications Commission to lease spectrum from Natcom Development and Investment Limited. The…
Fashola Reports that 383,431 Jobs were Created in Six Years.
Fashola said that from 2016 to 2022, 383,431 jobs were created through the government’s infrastructure renewal, with jobs being generated…
FG Orders Private Aircraft to Leave Abuja International Airport.
Prior to the new government’s anticipated May 29, 2023,inauguration, the Federal Airport Authority of Nigeria has ordered the immediate transfer…
IMF Cautions Nigeria that Foreign Loans will Decrease.
Nigeria has been forewarned by the International Monetary Fund to prepare for a substantial decrease in foreign loans as the…
CBN’s ‘RT200’ Strategy Increases Fund Repatriation by 40%, According to Emefiele.
Godwin Emefiele, the governor of the Central Bank of Nigeria, claimed that the bank’s ‘Race to USD200bn In FX Repatriation’…
Vantage Capital Buys Promamec Stake in Secondary Deal
A significant minority stake in Promamec will be acquired by Vantage Capital, the largest mezzanine fund manager in Africa, through…
Nigerian payment Startup Nomba Revealed it Secured $30 million in Pre-Series B Funding.
Base10 Partners, based in San Francisco (investors in Nubank, Plaid, and Brex), led the investment, which also included Helios Digital…