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Africa
Nigeria Stock Market Investors Gain N643.1 Billion
The Nigerian stock market began the week on a positive note as investors gained N643.14bn at the end of trading on…
CBN 100 For 100 PPP Maximum Is N5 Billion
The Central Bank of Nigeria has fixed the maximum loan amount that a participant in its newly introduced…
Twitter Users Suggest Elon Musk Should Sell Part Of Tesla Stake To Pay Tax
Twitter users have voted that Elon Musk, the billionaire founder of Tesla Inc., should sell 10 percent of his stake…
EFCC Operatives Clash With Prison Officials Over Custody Of Maina
There was a commotion at the federal high court in Abuja on Monday after the sentencing of Abdulrasheed Maina,…
N4tr Power Liquidity Crisis: Stakeholders Urge CBN To Review Interventions
Stakeholders in the Nigerian power sector are unsettled on the need for the Central Bank of Nigeria (CBN) to…
CBN’s Suspension Of Foreign Exchange Supply To BDCs Boosts Banks’ Income As 6 DMBs…
With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), a total of…
Delivery Platform Breadfast Lands $26 Million For Its Series A
The market for food and grocery delivery across Africa and the Middle East is worth nearly $1 trillion. And Egypt,…
US-Based At One Ventures Leads Round For Electric Vehicle Manufacturer
Opibus, the first company in Kenya to commercially future-proof diesel and gasoline vehicles by converting them to…
OP Finnfund Backs Moroccan Healthcare Business
OP Finnfund Global Impact Fund I, a Finnish global emerging markets impact fund anchored by Finnfund, has invested…
Creadev Leads Series C Round For Twiga
Years ago, Americans spent most of their disposable income on food, but consistent investment in retail…
Chipper Cash Raised $150 Million In Series C Extension Round
Chipper Cash, an African cross-border payments company, has raised $150 million in a Series C extension round led…
FG: New Electricity Will Connect Nigeria To Three Other Countries
The Federal Government announced on Friday that the transmission line being constructed under the West Africa Power…
Twitter Barn It’s Trend Section In Ethiopia Temporarily
Social network Twitter Inc has temporarily disabled its Trends section in Africa's conflict-hit nation of Ethiopia…
Kenyan Shilling And Zambian Kwacha Under Pressure
Kenya's shilling and Zambia's kwacha are likely to weaken in the coming week while the Ugandan shilling is expected…
Botswana’s Second Privately-Owned Coal Mine Set To Begin Work In 2022
Work is due to begin on Botswana's second privately-owned coal mine in the first quarter of next year, the CEO of…
Unilever Nigeria Recorded N58.7 Billion Q3 Turnover
Unilever Nigeria Plc has said it recorded a turnover of N58.7bn in the third quarter of 2021, compared to N44.7bn…
Foreign Exchange Payment For Estacodes And Personal Travel Allowances Amount To…
The amount of foreign exchange used for the payment of estacodes and Personal Travel Allowances to Ministries,…
MTN Nigeria And Airtel Africa Plc Can Now Operate Payment Service Bank
MTN Nigeria and Airtel Africa Plc have received approval in principle to operate a payment service bank (PSB) in…
Telecommunications Operators Request NCC To Reduce Price Set For 3.5GHz Spectrum…
Telecommunications operators have called on the Nigerian Communications Commission (NCC) to reduce the $197.4…
Facebook Test For Creator Of Facebook Group To Earn On Exclusive Access
Facebook is testing ways for creators to make money through Facebook Groups, such as users paying fees for…
Alleged Deduction Of N1.1 billion From 2021 Culture and Tourism Budgetary…
The house of representatives committee on culture and tourism says it will investigate the alleged deduction of…
Agribusiness Company “Olam” To Produce 240,000 Metric Tonnes Of Rice
Olam Nigeria Limited, an agri-business company, has announced plans to increase its production capacity to 240,000…
Nigeria Customs Service Get FG Approval Of N1.5 Billion For Procurement Of 46…
The federal executive council has approved N1.5 billion for the procurement of 46 vehicles for the Nigeria Customs…
MTN Group Concluded Plans To Sell 575Million Shares To Nigerian Investors
MTN Group, the parent company of Nigeria’s telecom giant, MTN Nigeria, which controls 40 per cent market share, has…
NCC Assures Of Renewed Commitment To Collaborate With Industry Stakeholders
The telecoms industry regulator, Nigerian Communications Commission (NCC), has assured Nigerians of its renewed…
Nigeria Stock Exchange: Trading Of Financial Derivatives Will Assist In Developing…
The Nigeria Exchange Limited (NGX) has stated that trading of financial derivatives in Nigeria through the…
Nigerian National Petroleum Corporation Contribution To Federation Account Dropped…
The total contribution of the Nigerian National Petroleum Corporation (NNPC) to the federation account dropped by…
CBN: Nigeria’s External Reserves Increase By $5.05 Billion
Nigeria’s external reserves rose by $5.05bn in October, the latest data from the Central Bank of Nigeria showed on…
Facebook Respond To Privacy Concern, To Shut Down Facial Recognition
Scandal-hit Facebook is shutting down its long-criticized facial recognition system and deleting scan data on a…
NIPC Announce $8.99 Billion Investment With Lagos State Topping The List With 81…
The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.99 billion as investment announcements in…