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Africa
Newly listed Nigerian Exchange Group Led Gainers With 23.94 Percent
Newly listed Nigerian Exchange Group Plc traded high at the end of last week’s transaction on the equities sector…
AMCON Yet To Pay Arik Air Unsecured Debt Since It Took Over
The Asset Management Corporation of Nigeria “AMCON” has refused to pay to the aviation agencies N9.6 billion and…
French Development Agency Staked $70 Million To Bridge Nigeria Power Needs
To bridge the nation’s power needs and reduce environmental pollution, the Agence Francaise de Developement (AFD)…
Nigeria: Federal, State and Local Government Disagree Over Repayment Of Paris Club…
Payment of salaries by about 33 states of the federation is uncertain as the decision of the federal government to…
President Of Federal Republic Of Nigeria To Unveil Central Bank Digital Currency…
President Muhammadu Buhari will unveil the Central Bank Digital Currency, known as the eNaira, today at the State…
Pension Fund Administrators Invested N2.05 Trillion Pension Fund In Banks In 6…
The total amount of pension funds invested in banks by Pension Fund Administrators rose to N2.05tn at the end of…
World Bank Barred 18 Nigerian Individuals And Firms
The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and…
Frazium Energy Strikes Deal For Solar Battery Project In Eswatini
Australian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as…
LocalGlobe Leads 7-figure Seed Round For Nigeria’s Eden Life
Nigerian startup Eden Life, a home services app for scheduling food, laundry and cleaning services, has raised a…
MFS Africa Makes “Second-Highest” Fintech Acquisition In Nigeria
MFS Africa, the largest pan-African digital payments hub, announced that it had signed an agreement to acquire…
UK Export Finance Of £1.5 Billion For Nigeria Is Largely Untouched
The £1.5bn financing set aside for Nigeria by the UK Export Finance, the United Kingdom government’s export credit…
34 Oil Companies Disbursed $896.891 Million Social Expenditure
Thirty-four foreign and indigenous oil companies disbursed $896.891 million as social expenditure in the 12 months…
FBNH’s Equity In Airtel Nigeria Could Be Over N200 Billion
FBN Holdings Plc, a major beneficiary of Airtel Africa’s buy-back of the unquoted shares of Airtel Nigeria, could…
First Bank OF Nigeria Holdings, Battle Of Major Stakeholder
There is a struggle for the control of Nigeria’s premier banking institution, FBN Holdings Plc.
The fight is…
FBN Holdings Now Aware Of Mr Otedola’s 5.07% Equity Stake
FBN Holdings Plc, the holding company of First Bank of Nigeria, says it has received notification that Femi…
Dangote Cement Plc: PAT Of N191.6 Billion
Dangote Cement Plc built an after-tax profit of N191.6 billion at the end of its half-year trading in June 2021.…
Facebook To Pay For News Content In France
Facebook said Thursday it had reached an agreement with some French newspapers to pay for news content shared by…
Court Satisfied With MultiChoice Deposit Of N8 Billion in Tax Case
At the hearing in Lagos on Wednesday, the administrative court said it was satisfied that MultiChoice had…
Federal Inland Revenue Service Propose Road Infrastructure Tax For Informal Sector…
Muhammad Nami, executive chairman of the Federal Inland Revenue Service (FIRS), says the agency is proposing road…
Femi Otedola Acquire 30 Billion Worth Of Shares In First Bank
From having a humongous loan portfolio of N192 billion in 2012 via his then Zenon Petroleum and Gas Ltd which was…
Nigeria Stock Exchange Equities Investors Gain N237 Billion
Transactions on the equities sector of the Nigerian Exchange Limited (NGX) sustained a rising profile yesterday,…
Facebook, Twitter, Other Social Media And Digital Advertising Companies Stocks…
Shares of Facebook and Twitter and other social media and digital advertising companies are sharply down in…
IMF Project 2.7 Percent Economic Growth For Nigeria In 2022
The International Monetary Fund, IMF, has projected a 2.7 per economic growth for Nigeria in 2022 and 2.6 per cent…
Nigeria External Reserves Rise To $40 Billion In Three Weeks
Nigeria’s external reserves gained $3.98bn in three weeks, rising above the $40bn mark, according to data obtained…
Antigua And Barbuda Orders Arrest Of ‘Imagine Global’ Couple For Alleged Fraud
The Prime Minister of Antigua and Barbuda Gaston Browne has ordered the arrest of Bamise and Elizabeth Ajetunmobi,…
Exxon Mobile Reduce Production In Chad
Exxon Mobil said on Wednesday it had temporarily cut back production at its unit in Chad and reduced staffing in…
PWC And UNDP In Agreement To Support Technology-Enabled Approach In Nation…
Price Water House Coopers (PwC) and the United Nations Development Programme (UNDP) have signed a Memorandum of…
Federal Government In Discussion With International Monetary Fund On Terms Of…
The federal government is negotiating with the International Monetary Fund (IMF) on repayment terms for the $3.4…
AFDB, ADFl, And Y’ello Digital Financial Services Agreed On $500,000 Grant For…
The African Development Bank initiative, the Africa Digital Financial Inclusion Facility (ADFI), and Y’ello Digital…
Central Bank Of Nigeria To Promote Entrepreneurship By Supporting Youths With…
The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote…