Federal Inland Revenue Services Generated Revenues Worth N4.2 Trillion In Nine Month
Muhammad Nami, executive chairman of the Federal Inland Revenue Services (FIRS), says the agency generated revenues worth N4.2 trillion in…
Category: Africa
Despite Forex Scarcity Fuel Imports Consumed $690 Million In Eight Month
As Nigeria’s refineries continue to sit idle, fuel imports remain a major user of foreign exchange as $690.19m (about N285.95bn,…
International Monetary Fund Increases Nigeria’s Growth Prospect To 2.6% & 2.7% For 2021 & 2022
The International Monetary Fund (IMF) has increased Nigeria’s growth prospect to 2.6 per cent and 2.7 per cent for 2021…
UN Promise To Support Nigeria Industrialisation So As To Achieve Sustainable Development Growth
The United Nations (UN) has promised that it is committed to supporting Nigeria’s industrialisation bid as the country progresses towards…
Kaspersky Blocks 206 Thousand Mobile Malware Attack For Middle East, Turkey and Africa In Six Month
Out of the more than 206 000 mobile malware attacks blocked by Kaspersky solutions for the Middle East, Turkey and…
South Africa Telecom Provider “Telkom” Ends Partnership With Netflix
South Africa telecom provider, Telkom said Netflix will no longer be available on the South African phone and internet company’s…
BVN: Violators Will Be Sanctioned- Central Bank of Nigeria
The Central Bank of Nigeria has said in its revised regulatory framework for Bank Verification Number operations that violators will…
Nigerian Stock Exchange: Equity Market Gain N95.34 Billion
The equities market of the Nigerian Exchange Limited upturned the previous day’s loss with a N95.34bn gain on Tuesday following…
Nigeria Comes Sixth In Countries With Highest Exposure To Funds And Support From International Finance Corporation
Nigeria has been rated sixth among the top 10 countries with the highest exposure to funds and support from the…
Nigerian Communication Commission Inaugurates Incidence Response Facility For CyberCrime
The Nigerian Communications Commission (NCC) has inaugurated an incidence response facility, aimed at addressing incidences of cybercrime, protecting telecoms infrastructure…
Adiwale Partners Made Final Close Of It’s First Fund For Investment In Francophone Africa
Private equity firm Adiwale Partners has made a final close of its first fund, nearly two years after making a first close…
Citi Launch Holistic Digital Policy
Citi has launched its latest Global Perspectives & Solutions (Citi GPS) report, entitled: ‘’Holistic Digital Policy – Nation States Must…
Africa50 Launch $500 Million Infrastructure Acceleration Fund
Africa50, a pan-African investment platform, has launched $500 million Infrastructure Acceleration Fund to bridge the continent’s infrastructure gap. Africa50’s investor…
Stone Three Get Funding From Venture Capital Firm “Knife Capital”
Cape Town-based Stone Three, an industrial internet of things (IoT) firm, has secured funding from venture capital firm Knife Capital…
AfricInvest Acquires Minority Stake In Royal Exchange General Insurance Company
AfricInvest, a leading Pan-African asset management company has announced the acquisition of a minority stake in Royal Exchange General Insurance…
Nigeria Seeks participation In Business Jet Services
Nigerian operators are seeking more participation in the global luxury travel market estimated to grow by $1,232.77 trillion between 2021…
Nigeria Equity Market Investors Gain N340.29 Billion
Investors in the Nigerian equities market earned N340.29bn as trading ended on the floor of the Nigerian Exchange Limited on…
MTN Nigeria Get SEC Approval To Launch Its series II Bond
The Securities and Exchange Commission (SEC) has granted MTN Nigeria Communications approval to launch its series II 10-year Fixed Rate…
Federal Government Of Nigeria Allocated N5.93 Trillion To Critical Sectors
The Federal Government has allocated the sum of N5.93tn to critical sectors of the economy including defence, health, education and…
Nigeria Fintech Provider Attracted Over $1 Billion Investment In Six Years
The Nigerian financial technology providers, fintechs, have attracted at least $1 billion (about N410.82 billion) investments in six years. This…
Co-Impact To Give Grant For Promotion Of Gender Equality
Co-Impact has reiterated its commitment to raising and deploying $1 billion, through its Gender Fund, to initiatives working to advance…
Nigeria Lose N103.92 Million From 2976 Hour Twitter Ban
The Nigerian government had on June 4 ordered the suspension of Twitter. Recently, the President, Major-General Muhammadu Buhari (retd.) said,…
We Haven’t Borrowed Beyond Sustainable Limit: Nigeria’s President
President Muhammadu has justified his quest for more financial borrowings, saying that the debt of the federal government was within…
Nigeria Total Pension Assets Have Risen To Over N13 Trillion: PenCom
National Pension Commission (PenCom) says the nation’s total pension assets have risen to over N13 trillion. Director-general of the pension…
International Airlines Plan Airfare Hike Of At Least $2.3bn (N950bn)
Airfare hikes by international airlines operating flights into Nigeria and other countries may be imminent as airport and air navigation…
Nigeria E-Payment Rose By 6.37% In September
The value of e-payment transactions in Nigeria rose by 6.37 per cent to N24.08tn in September. This was according to…
World Bank Growth Projection Of Nigeria Economy Change From 1.8% To 2.4%
The World Bank has said Nigeria’s economy is projected to grow by2.4 per cent in 2021. This is an increase…
Rise In Global Oil Prices And Naira Depreciation Leads To Rise In Price Of Diesel
Fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to N320 per litre as the…