Naira Hits Record Low, PIA Implementation Challenges, and Economic Indicators to…
The Nigerian Naira faces a record low in official trading, weakening by 23% to N1,099 per dollar. Meanwhile,…
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Banks with International Authorization Show Capital Adequacy Ratio Below…
According to the second-quarter report on financial soundness indicators released by the banking regulator, some…
Ghana Revenue Authority Denies Acquiring US$75 Million Loan Amidst Parliamentary…
The Ghana Revenue Authority (GRA) has strongly refuted claims made by MP Isaac Adongo that it accessed a US$75…
Sharp Surge in Dollar Inflow Through CBN: July 2023 Economic Report”
In July 2023, the Central Bank of Nigeria (CBN) witnessed a substantial surge in dollar inflow, marking a notable…
OpenAI Rehires Sam Altman as CEO Following Initial Sacking
Introduction:OpenAI, the artificial intelligence research laboratory, has announced an agreement to rehire Sam…
Goodwell Investments Leads $8.5M Series B Round for Zambian Social Enterprise Good…
Impact investor Goodwell Investments, in collaboration with Oikocredit and Global Partnerships/Eleos Social…
Naira Plummets to ₦1,290/$1, Sparks Concerns
The Nigerian Naira has experienced a sharp decline, reaching ₦1,290 to $1 in key markets, including Abuja. This…
Oasis Capital Ghana Announces Successful Exit from Legacy Girls College
Oasis Capital Ghana, an SME growth equity investor in West Africa, has announced its successful exit from Legacy…
Export Expansion Grant Backlogs and Bureaucracy Hamper Nigeria’s Revenue…
The Export Expansion Grant (EEG), Nigeria's primary incentive scheme for exporters, has faced challenges including…
Atiku Abubakar to Address President Tinubu’s Academic Records in Press…
Atiku Abubakar, the People’s Democratic Party's presidential candidate, is scheduled to hold a press conference…
$1.5 Billion COVID-19 Delivery Scheme Halted, Leaving Thousands of Health Workers…
Over 22,000 health workers, including Nigerians, have been left stranded after a $1.5 billion COVID-19 delivery…
Nigerian National Petroleum Company Spends N34.47 Billion on Pipeline Repairs in…
The Nigerian National Petroleum Company Limited (NNPCL) has allocated nearly N34.47 billion towards the repair and…
Olam Group Disputes Nigerian Media’s Forex Fraud Allegations
Singapore-based Olam Group has strongly refuted recent reports from Nigerian media claiming its African units were…
G20 to Grant Permanent Membership to African Union
The G20, a grouping of major world economies, has reportedly agreed to grant permanent membership to the African…
Foreign Firms Repatriated $5.86 Billion from Nigeria Between October 2022 and…
Foreign firms repatriated $5.86 billion from the Nigerian economy between October 2022 and March 2023, with $5.13…
South African E-commerce Subscription Platform Rentoza Secures $6 Million…
Rentoza, a South African online subscription platform, has successfully secured $6 million in funding from two…
A.P. Moller Capital Completes Acquisition of Vector Logistics
A.P. Moller Capital and RCL FOODS have successfully closed the acquisition deal of Vector Logistics. Vector…
Ukraine and Russia Clash Over Black Sea Oil and Gas Platforms; Military Activity…
The UK Ministry of Defence has reported that Ukraine and Russia are engaged in a conflict over strategic oil and…
Uncertain Prospects for Port Harcourt Refinery Restart as Doubts Surface Over…
The hopes for the Port Harcourt refinery's resumption of fuel production by December 2023, following its Turn…
BP CEO Discusses $3.5 Billion Investment Plan in Egypt with President and Minister
Bernard Looney, the CEO of BP, engaged in discussions today with Egypt's President Abdel Fattah al-Sisi and…
Analysts Predict Second-Half Growth Surge Amidst Q2 Economic Slowdown
Despite the economic growth dipping to 2.51% in the second quarter of the year, experts anticipate that a…
Tony Elumelu Urges Bold Strategies for Nigeria’s Transformation at NBA…
Tony Elumelu, the Group Chairman of United Bank for Africa (UBA) Plc, emphasized the critical necessity for…
Nigeria’s Unclaimed Dividend Reaches N190 Billion; SEC Implements Reforms…
At a post Capital Market Committee (CMC) press briefing, Dayo Obisan, the executive commissioner in charge of…
Foreign Investment in Nigerian Stocks Hits Lowest Level Since Reform-Driven Rally;…
Foreign investment in Nigerian stocks has dropped to its lowest point since President Bola Tinubu's reforms…
Surge in BUA Foods and Dangote Sugar Stocks Sparks Market Rally, Adding N324…
The Nigerian stock market kicked off the week on a positive note as renewed investor interest in key stocks like…
Unclaimed dividend grows by 7.35% to N190bn, says SEC
The total value of unclaimed dividends in Nigeria has risen to N190 billion, marking a 7.35% increase from the…
NCI fund: BoI, NCDMB disburse N38.4bn for oil, gas investors
The Nigerian Content Intervention (NCI) Fund, managed by the Bank of Industry (BoI) under the Nigerian Content…
Commercial Banks in Nigeria Seek Central Bank Liquidity Amidst Increasing…
Commercial banks and merchant banks in Nigeria are turning to the Central Bank of Nigeria (CBN) for liquidity,…
Nairobi Stock Exchange Sees 50% Plunge in Investor Wealth in 2 Years”
Investor wealth in the Nairobi Securities Exchange (NSE) has been cut in half since reaching its record high…
Kenya Re to Exit Indian Market Amid Heavy Losses from Agricultural Sector
Kenya Re, one of Kenya's leading reinsurance companies, is planning to exit the Indian market due to increased…