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Africa
Drug Dealer Behind Cocaine Hidden In Lagos Airport Toilet Arrested – NDLEA
The National Drug Law Enforcement Agency (NDLEA) says it has arrested a Brazil based drug dealer, Okafor Moses in…
Remittances To Nigeria, Others Grow 7.3% To $589b
Remittances to low- and middle-income countries are projected to have grown a strong 7.3 per cent to reach $589…
Seven Banks Rake In N403.6bn From Fees, Commissions
Seven deposit money banks in Nigeria generated the sum of N403.6bn in nine months from fees and commissions, 24.7…
FG Begins 10,000MT Wheat Cultivation To Cut Imports
The Federal Government has announced the commencement of dry season wheat cultivation to produce 10,000 metric…
Agric Fund Diversion May Attract Five-Year Jail Term – CBN
The Central Bank of Nigeria has said borrowers who divert the funds provided under the Agricultural Credit…
Nigeria Leads Africa With $18bn As Global Remittances Hit 7.3%
Nigeria again led the rest of Africa as remittances to low- and middle-income countries are projected to register a…
Obasanjo Advocates Made-in-Africa Brand
A former President of Nigeria, Chief Olusegun Obasanjo, has called for a special ‘Made-in-Africa’ brand to promote…
South Africa’s MTN, IHS In $410m Towers Deal
MTN Group Ltd. and IHS Holdings Ltd. agreed to a 6.4-billion-rand ($410 million) tower-deal in South Africa,…
Oil Exploration: NNPC Gets $1.04 Billion Facility From Afreximbank
The African Export-Import Bank, Afreximbank, has signed a $1.04 billion dollar facility with the Nigerian National…
Bitmama Launches Programme For Youths Interested In Blockchain Technology
Bitmama, a Nigerian fintech startup, has launched a programme to help young people transition into the…
British Council Unveils Programme To Boost Entrepreneurship
The British Council has launched a new programme to foster and strengthen universities’ support for innovation and…
South African Payments Gateway Ozow Raises $48M Series B Led By Tencent
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them make…
Dubai Starts Issuing Five-Year Entry Permits For Foreign Workers
Dubai started issuing five-year multi-entry permits for employees of international companies, the latest in a…
Alleged Importer Of Fake Tramadol Gets N10m Bail
A Federal High Court sitting in Lagos, on Monday, granted a N10 million bail to a 43-year-old businessman,…
ALERT: Iranian Hackers Targeting Telcos In Nigeria, NCC Warns
The Nigerian Communications Commission (NCC) has alerted Nigerians about the existence of a hacking group…
Nigeria To Benefit As Afreximbank Pledges $40bn For Intra-African Trade
The African Export-Import Bank (Afreximbank) says it will disburse $40 billion to support intra-African trade over…
CBN: Bridging Unbanked Space, Stimulating Digital Transactions
When the Central Bank of Nigeria (CBN) mooted the idea of the e-Naira in 2017 as part of the CBN Governor, Godwin…
After PSB Approval, Airtel Gets CBN’s Nod To Operate As A Super Agent In Nigeria
Airtel Africa Plc says it has been granted approval-in-principle by the Central Bank of Nigeria (CBN) to operate as…
African Fintech Startup Chipper Cash Raises $30M Backed By Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit…
AfricInvest’s Private Credit Unit Backs Kenya’s RFH Healthcare
AfricInvest, a pan-African asset management platform that makes private equity, venture capital and private credit…
Oikocredit Makes Debt Investment In Senegalese Microlender CMS
Social impact investor Oikocredit has provided debt capital of €5 million ($5.8 million) to Union des Caisses de…
Ata Capital Completes RCA’s MBO
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical devices supplier,…
MFS Africa Raises $100m For Massive Expansion Across Africa
MFS Africa, Africa’s largest digital payments network, has raised US$100 million through an equity and debt…
Fidelity, Visa And Kingsway Back South African Fintech JUMO In $120M Round
JUMO, a South Africa- and London-based company that offers financial services to entrepreneurs and businesses in…
Nigerian E-Health Pharmaceutical Distribution Startup DrugStoc Secures $4.4…
The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and…
Eight PFAs Meet N5 Billion Capital Requirement
Chief Executive Officer, Pension Fund Operators Association of Nigeria, Oguche Agudah, said on Friday that eight…
Foreign Investors Prefer Nigerian Banks’ Eurobonds To Their Stocks
Foreign investors can’t get enough of Nigerian banks’ Eurobonds but won’t touch their stocks with a ten-foot pole.…
ENaira Downloaded Over 566,000 Times From 160 Countries – CBN
The Central Bank of Nigeria said on Friday that the eNaira wallet has been downloaded over 488,000 times from over…
CBN Urges Nigerians To Embrace E-Naira
The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace e-naira, the nation’s digital…
Toshiba Says It Plans To Split Into Three Firms, Rejects Calls To Go Private
Japanese industrial conglomerate Toshiba Corp outlined plans on Friday to break up into three independent…