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  • Page 139

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Local

Central Bank of Nigeria Removes Forex Restrictions on 43 Items

Oct 13, 2023 0
The Central Bank of Nigeria (CBN) has lifted foreign exchange restrictions on 43 items, allowing importers to…
Local

EKEDC Assures Refund to Meter Scheme Participants

Oct 13, 2023 0
The Eko Electricity Distribution Company (EKEDC) has announced that customers who paid for meters under the Meter…
Africa

Setbacks in African Tech Startups Impact Investor Confidence

Oct 13, 2023 0
The closure of several once-promising startups in the African tech ecosystem, including fintechs Payday and Dash,…
Local

Central Bank of Nigeria Lifts Restrictions on 43 Prohibited Items, Aims to…

Oct 13, 2023 0
The Central Bank of Nigeria (CBN) has granted approval for the importation of 43 items previously prohibited from…
Local

Nigeria Achieves Highest Crude Oil Output in 2023 at 1.35 Million Barrels/Day

Oct 12, 2023 0
Nigeria's crude oil production reached an all-time high of 1.35 million barrels per day in September 2023, marking…
Local

Insurers Prepare for Transition to IFRS17 Reporting

Oct 12, 2023 0
As the December 31, 2023 deadline approaches, insurers are gearing up for the transition from the IFRS4 model to…
Local

Citigroup Advises CBN to Remove Forex Restrictions on 43 Items

Oct 12, 2023 0
Citigroup has recommended that the Central Bank of Nigeria (CBN) should lift restrictions on foreign exchange…
Local

Deployment of N50bn Modular Floating Dock to Prevent N300bn Capital Flight and…

Oct 12, 2023 0
Stakeholders in the maritime industry are advocating for the deployment of a N50 billion modular floating dock,…
Africa

Manufacturing Sector in Kenya Faces Challenges with Over 30 Plant Shutdowns

Oct 12, 2023 0
More than 30 manufacturing companies in Kenya have shut down production plants within a decade, indicating the…
Technology

Acceldata Raises $10 Million in Series C Extension, Bringing Total Funding to Over…

Oct 10, 2023 0
Data observability startup Acceldata has secured an additional $10 million in an extension to its Series C round,…
Technology

Cybersecurity Startup Gutsy Emerges from Stealth with $51 Million Seed Round

Oct 10, 2023 0
Gutsy, a cybersecurity startup founded by the team behind Twistlock, has emerged from stealth with a $51 million…
Technology

Contract Management Startup Harbour Raises $15 Million in Series A Funding Round

Oct 10, 2023 0
Contract management startup Harbour has raised $15 million in a Series A funding round, bringing its total raised…
Technology

Pair Eyewear Raises $75 Million in Series C Funding to Expand Automated…

Oct 10, 2023 0
Direct-to-consumer customizable eyewear brand, Pair Eyewear, has secured $75 million in a Series C funding round.…
Local

Former CBN Deputy Governor Advises Against Free Floating Naira

Oct 10, 2023 0
Dr. Tunde Lemo, a former Deputy Governor of the Central Bank of Nigeria, has cautioned against allowing the naira…
Local

Portfolio Investment in Nigeria Plummets by Over 80% in Q2 2023

Oct 10, 2023 0
According to the latest report from the National Bureau of Statistics, portfolio investment inflow into Nigeria…
Local

Nigerian Domestic Airlines Advocate for Jet Fuel Importation License and Forex…

Oct 10, 2023 0
The Airline Operators of Nigeria (AON), representing domestic airlines, have urged the Federal Government to grant…
Local

Nairagram Partners with CBN, Sebastian BDC, and Keystone Bank to Address FX…

Oct 10, 2023 0
Nairagram, a licensed International Money Transfer Operator, has entered into a partnership with the Central Bank…
Local

NNPC Partners with Four Consortia for Pipeline Rehabilitation on Build, Operate,…

Oct 10, 2023 0
The Nigerian National Petroleum Company Limited (NNPCL) has announced that four consortia will finance the…
Local

Nigerian Government Approves Appointment of Retired Healthcare Workers on Contract

Oct 9, 2023 0
The Nigerian government has given the green light for the appointment of retired doctors, nurses, and other…
Local

Nigerian Government Plans to Open Petrol Stations Along Border Areas

Oct 9, 2023 0
The Acting Comptroller General of Nigeria Customs Service, Adewale Adeniyi, has announced that the Federal…
Local

Nigerians Anxiously Await Report on Central Bank Investigation

Oct 9, 2023 0
Nigerians are growing increasingly anxious as they await the report of the Jim Obazee panel appointed to…
Local

Nigerian Cement Makers Enter Pricing Battle as BUA Cuts Prices

Oct 9, 2023 0
Nigerian cement manufacturers are gearing up for a potential pricing war after BUA Cement announced a significant…
Business

Escalating Israel-Hamas Clashes Propel Oil Prices Upward

Oct 9, 2023 0
Oil prices surged by over $4 per barrel in early Asian trading due to escalating military clashes between Israeli…
Local

Ajaokuta Steel Complex Nearing Completion, Promises 500,000 Jobs, says President…

Oct 9, 2023 0
President Bola Tinubu has announced that the Ajaokuta Steel Complex, a long-abandoned project, is nearing…
Business

Enza Capital Closes $58 Million Across Two Funds to Back African Startups

Oct 9, 2023 0
Nairobi-based venture capital firm Enza Capital has successfully raised $58 million across two funds dedicated to…
Africa

Gaia Impact Achieves First Closing of €40 Million for Gaia Energy Impact Fund II

Oct 9, 2023 0
Gaia Impact, in partnership with Capital Croissance, Schneider Electric, Capelan, and Investisseurs &…
Local

CrossBoundary Access and Mobile Power Partner to Bring Affordable Energy Access to…

Oct 9, 2023 0
CrossBoundary Access and Mobile Power have formed a $10 million partnership to deploy Mobile Power's MOPO Hubs in…
Business

Peach Payments Secures €29M Funding for African Digital Payment Services

Oct 9, 2023 0
Baobab Payments GmbH, known as Peach Payments, has successfully concluded a €29 million funding round led by Apis…
Africa

Lillian Kidane Appointed as Regional Director for Africa at Dalberg Advisors

Oct 9, 2023 0
Global impact consultancy, Dalberg Advisors, has named Lillian Kidane as the new Regional Director for its Africa…
Business

Carlyle Co-Founders Back New Africa-Focused Fund with $140 Million

Oct 9, 2023 0
A team that spun out of Carlyle Group Inc., a global private equity firm, has received backing from Carlyle's…
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NIGERIA

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World

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