Uncertain Prospects for Port Harcourt Refinery Restart as Doubts Surface Over Deadline
The hopes for the Port Harcourt refinery’s resumption of fuel production by December 2023, following its Turn Around Maintenance (TAM)…
Author: ayotilewa
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 Minister of Petroleum…
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 combination of…
Tony Elumelu Urges Bold Strategies for Nigeria’s Transformation at NBA Conference
Tony Elumelu, the Group Chairman of United Bank for Africa (UBA) Plc, emphasized the critical necessity for innovative and bold…
Nigeria’s Unclaimed Dividend Reaches N190 Billion; SEC Implements Reforms for Efficiency
At a post Capital Market Committee (CMC) press briefing, Dayo Obisan, the executive commissioner in charge of operations at the…
Foreign Investment in Nigerian Stocks Hits Lowest Level Since Reform-Driven Rally; Currency Concerns Loom Large
Foreign investment in Nigerian stocks has dropped to its lowest point since President Bola Tinubu’s reforms initiated a significant market…
Surge in BUA Foods and Dangote Sugar Stocks Sparks Market Rally, Adding N324 Billion to Market Capitalization
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 N177…
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 Development and Monitoring…
Commercial Banks in Nigeria Seek Central Bank Liquidity Amidst Increasing Borrowing Trend
Commercial banks and merchant banks in Nigeria are turning to the Central Bank of Nigeria (CBN) for liquidity, intensifying their…
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 valuation of…
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 losses primarily…
Rwanda’s Bus Shortage Fuels Unregulated Alternatives, Raises Concerns of Fraudulent Ticketing Practices
The ongoing shortage of public buses in Rwanda has led to a host of issues for commuters, prompting the emergence…
Surprising Surge: Kenyan One-Year Treasury Bill Interest Rates Spike to 14% Despite Government’s Borrowing Cut Plans
In an unexpected twist, the interest rate on the one-year Treasury bill in Kenya soared to a remarkable 14% during…
Credit Bank PLC Set to Make a Splash on Nairobi Securities Exchange, Aiming to Raise Sh1 Billion in Major Listing Move!
In a bold move marking a significant shift on the financial horizon, Credit Bank PLC has announced its upcoming listing…
Kenyan Fintech Zanifu Bags $11.2M in Pre-Series A Round to Supercharge MSMEs with Inventory Credit Revolution
In a groundbreaking stride, Kenyan fintech powerhouse Zanifu has clinched a monumental $11.2 million in a pre-series A round, setting…
Cape Town’s VC Powerhouse HAVAÍC Deepens Investment in RapidDeploy’s Game-Changing Public Safety Tech
Venture capital juggernaut HAVAÍC, headquartered in Cape Town, is making waves again. Fresh off their participation in a bridge round…
Revolutionary Fundraising Blitz: RH Managers Spearheads R2-billion South African Impact Fund!”
Johannesburg-based private equity and infrastructure powerhouse, RH Managers (RHM), is igniting a fervent fundraising campaign, aiming to secure a staggering…
Nigerian Oil Marketers Urge Gradual Relaxation of Fuel Subsidy Removal
Oil marketers in Nigeria have advised President Bola Tinubu to consider a gradual relaxation of the removal of subsidy on…
EIB Commits $40 Million to Acre Impact Capital’s Climate-Infrastructure Fund in Africa
The European Investment Bank (EIB) has pledged up to $40 million to Acre Impact Capital’s Export Finance Fund I, the…
Mobile Money Agents in Nigeria Stand Firm on Implementing New Price Framework
Despite facing criticism and threats of sanctions, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) remains determined…
Access Bank and Standard Chartered Bank Finalize Agreement for African Subsidiaries’ Acquisition
Access Bank Plc and Standard Chartered Bank have reached an agreement for Access Bank to acquire Standard Chartered’s shareholding in…
Improved Liquidity in Kenyan Market Lowers Interbank Rates
The interbank rate in Kenya has dropped from double-digit levels to 8.62 percent, following improved liquidity in the market. This…
Central Bank of Nigeria Introduces Naira Payout Option for Diaspora Remittances
The Central Bank of Nigeria (CBN) has announced the inclusion of the Naira as a payout option for recipients of…
Enhancing the Passenger Experience: Addressing Challenges in Nigerian Airports
The recent surge in passenger-operator clashes in Nigerian airports has raised concerns about the friendliness and efficiency of the country’s…
Naira devaluation: Telcos warn customers to expect price increases.
Telecommunication firms in Nigeria are working with their regulator, the Nigerian Communication Commission (NCC), to review the prices of their…
New Integrated Payment Platform in Africa to Launch by Multichoice, Rapyd, AND General Catalyst.
An integrated payment platform for Africa is being developed through a joint venture announced by MultiChoice Group, Rapyd, and General…
Paying Salaries After June is Uncertain, According to Obaseki.
The governor of Edo State, Mr. Godwin Obaseki, stated on Monday that the federal government might not be able to…
External Reserves Slide Further to $35bn.
According to data received from the Central Bank of Nigeria, the nation’s foreign reserves decreased by $112.78 million in just…
According to Buhari, Marginal Oilfield Sales Brought in N203 billion.
The sale of petroleum prospecting licenses to 161 companies in its most recent marginal fields bid round brought in over…