Soaring Diesel Costs Spark Concerns of Factory Closures and Job Losses in Nigeria
The foreign exchange crisis in Nigeria and the recent implementation of a 7.5% Value Added Tax (VAT) on Automotive…
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Nigerian Central Bank Implements Measures to Counter Naira Decline and Speculative…
Amidst the recent depreciation of the naira in the parallel market, the Central Bank of Nigeria (CBN) has…
Stakeholders to Address Challenges in Nigeria’s Electronic Payment System
Stakeholders in Nigeria's electronic payment system are gearing up to find solutions to challenges that emerged in…
Resumption of Forcados Crude Oil Exports After Month-Long Halt
Exports of the Forcados grade of crude oil have resumed, according to a statement by a Shell spokesperson. The…
Nigerian Government Aims for N100 Trillion Asset Under Management (AuM) Growth…
The Nigerian Federal Government, represented by the Ministry of Finance Incorporated (MOFI), has set a target to…
Nigeria Requires $20 Billion Annual Investment for Gas Expansion Projects
The Nigerian government has stated that approximately $20 billion in annual investments will be necessary to…
Nigerian Central Bank to Rename Official Forex Market as Nigerian Foreign Exchange…
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, announced that the official foreign…
ECL Launches “WorkMate” Automation Tool to Enhance Productivity and…
ECL has launched an automation tool named "WorkMate" that offers pre-built automations for various industries. The…
Central Bank of Kenya Sets New Interest Rate Corridor to Guide Interbank Lending
The Central Bank of Kenya (CBK) has introduced a new interest rate corridor to guide interbank lending and control…
Vista Group Acquires Majority Stake in Orabank to Create Pan-African Banking Group
Vista Group has agreed to acquire a 61.4% stake in Orabank S.A., the holding company of Orabank, from existing…
Prosper Africa Partners with African Asset Fund Managers to Mobilize $200 Million…
Prosper Africa has announced partnerships with four African asset fund managers under the Prosper Africa Catalytic…
African Mobility Fintech Moove Raises $76 Million to Expand Vehicle Financing…
Nigerian mobility fintech company Moove has secured $76 million in funding to expand its vehicle financing…
Knife Capital Successfully Closes R941 Million African Series B Expansion Fund
South African venture capital firm, Knife Capital, has successfully concluded its African Series B expansion fund,…
Stanlib Asset Management Invests in South African Solar and Battery Platform…
Stanlib Asset Management, a local investor in sustainable infrastructure, has acquired a stake in Solareff, a…
Federal Government Plans N360 Billion Bond Issuance to Bridge Budget Deficit
The Federal Government of Nigeria is set to raise N360 billion in new borrowings through a bond auction to address…
NGX RegCo Advocates Expert Guidance and Data Monitoring for Effective ESG…
NGX Regulation Limited (NGX RegCo) has emphasized the importance of seeking expert guidance and systematically…
Guinea Insurance Secures Regulatory Approval for Private Placement of 1.8 Billion…
Guinea Insurance Plc has announced that it has received regulatory clearance to conduct a private placement for…
No Directive Yet on Cancellation or Re-award of N48bn Niger Delta Pipeline…
Contrary to speculation, the Federal Government has not issued any directive regarding the cancellation or…
Petrol Price in Nigeria May Rise to N680/litre Due to Dollar Fluctuations
Oil marketers have signaled that the cost of Premium Motor Spirit (petrol) could increase to between N680/litre…
Central Bank of Nigeria Records N40.67bn Loans to Staff in 2022
The Central Bank of Nigeria (CBN) disclosed that it provided loans amounting to N40.67 billion to its staff…
President Tinubu’s Administration Set to Pay N187.32bn Debt to Local…
The forthcoming administration under President Bola Tinubu is projected to allocate around N187.32 billion for…
Bus Transportation Costs Surge by 98% in One Month as Fuel Price Increases
The National Bureau of Statistics (NBS) reports that the average cost of bus transportation within Nigerian cities…
Nigerians Express Concern as Naira Falls and Oil Prices Rise, Fueling…
The declining value of the Nigerian naira against the US dollar, accompanied by a recent surge in global crude oil…
National Pension Commission Empowers RSA Owners with Mortgage Access
The National Pension Commission (PenCom) has revealed that a total of 187 Retirement Savings Account (RSA) holders…
Nigerian Exchange Collaborates for Dollar Settlement Platform to Boost Tech…
The Nigerian Exchange Limited (NGX) has revealed its partnership with the Central Securities Clearing System…
Nigeria’s Telecoms Sector Faces Nearly 50% Drop in Foreign Investment, Data…
The Nigerian telecoms sector experienced a substantial decline in foreign direct investment (FDIs) in 2022, with…
Nigeria’s Oil Production Drops 13.6% in July, Strains Budget and OPEC Quota…
In July 2023, Nigeria experienced a significant decline in oil production, registering a 13.6% decrease to an…
Azman Air Halts Operations Amid Forex Challenges, Becoming Second Operator to…
Azman Air, an aviation company with a nine-year operating history, has ceased its operations due to challenges in…
Nigerian Pension Fund Administrators Set to Engage in Securities Lending, Boosting…
The National Pension Commission (PenCom) has announced its efforts to establish regulations allowing Pension Fund…
First Bank of Nigeria Holdings Amends AGM Agenda Amidst Court Order
First Bank of Nigeria Holdings has made revisions to its agenda for the upcoming Annual General Meeting (AGM),…