Nigeria Banks Begin Application Of E-Naira Features
Banks have started to onboard the e-Naira feature on their applications. In its latest update, the Guaranty Trust World app…
Category: Africa
Consumption Of Premium Motor Spirit (PMS) Dipped By 132,301,071 Litres In August 2021
The Petroleum Products Pricing Regulatory Agency (PPPRA) report on Petroleum Products Supply in August yesterday indicated that the consumption of…
PMB: Nigeria’s President Writes Lawmakers Requesting 17.67% Increase Of Federal Government’s 2022 Projected Expenditure
Nigerian President Muhammadu Buhari has written to lawmakers seeking a 17.67 percent increase of the Federal Government’s projected expenditure in…
United Kingdom And Lagos State Government Formalise Partnership Programme
The Foreign, Commonwealth, and Development Office has partnered with the Lagos State Employment Trust Fund to launch a program targeted…
Nigeria Broadband Penetration Experienced Significant Increase In August
Broadband penetration in Nigeria increased by 1.21 percent from July to August. Data from the Nigerian Communications Commission (NCC) showed. Despite this…
Anyone Below 18 Years Cannot Register And Own A Sim Card In Nigeria : NCC
The Nigerian Communications Commission has disqualified anyone below the age of 18 from registering and owning a Subscriber Identity Module…
Nigeria Exchange Limited Stock Market Gain N247 Billion
The stock market of the Nigerian Exchange Limited (NGX) yesterday ended trading activities for the second day of the week…
Google Says It Will Invest And Back Africa Startups To Support Its Digital Transformation
Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper…
Interstellar Partner With Interswitch Group To Develop Blockchain-Powered Infrastructure
Interstellar Inc. has partnered with Interswitch Group to develop blockchain-powered infrastructure services and solutions. Both firms have been working over…
Airtel Africa New Managing Director and Chief Executive Officer Begin Role Officially
Airtel Africa Plc has announced the resumption of duties of its new Managing Director and Chief Executive Officer, Olusegun Ogunsanya,…
PenCom And EFCC To Work Together In Eradicating Fraud
The National Pension Commission has said it is working with the Economic and Financial Crimes Commission to eradicate fraud in…
Nigeria Government Approves Payment Of Stipend To Student In The Department Of Education
The Federal Government has approved the sum of N75,000 as a stipend per semester for students undergoing degree programmes in…
BluePeak Private Capital Raise Capital For Flagship Private Credit And Mezzanine Fund
BluePeak Private Capital, an alternative investment firm with a strong focus on Africa, announced that it has raised capital of…
Crypto Exchange “Yellow Card” Raises $15 Million In Series A Funding
Cryptocurrency exchange, Yellow Card, has announced a $15M Series A, the largest ever by an African cryptocurrency exchange, to ramp…
Development Partners International (DPI) Sells Stake In Food Concepts To ACA
Private equity firm Development Partners International (DPI) said on Thursday it has sold about a third of its stake in…
Africa Startup “Andela” Attains Unicorn Status
Andela, a startup that connects African software engineering talent to global companies has raised $200 million from investors led by…
1000 Additional Worker Needed For Nigeria Rail Line
The Lagos-Ibadan rail line will employ 1,000 additional workers at the cost of N567.45m per annum. The Managing Director, Nigerian…
Airtel Nigeria To Buy Back 8.27% Minority Shareholdings
Airtel Africa has announced that its subsidiary, Airtel Networks Ltd. (Airtel Nigeria), has initiated a process to buy back 8.27…
Pressure On Cost Leads To Purchase Price Inflation
Unfavorable exchange rate movement exerted pressure on cost, leading to a rise in purchase price inflation. Stanbic IBTC Bank Nigeria…
Nigeria Spent N1.47tn On Debt Servicing
Nigeria spent N1.47tn on debt servicing payments in the first half of 2021, data obtained from the Debt Management Office…
Jaiz Bank Net Revenue Funds To Reach N5.07 Billion By End Of Q4
Jaiz Bank Plc has projected a net operating income of N4.68bn in the fourth quarter of the year 2021. An…
Cloud Exchange Collaborate With Huawei
Cloud Exchange has launched Africa’s first uptime institute tier IV modular prefabricated data centre in collaboration with Huawei. According to…
Nigerian Business Has Long Term Potential: Procter & Gamble Company
Procter & Gamble (P&G) is raising Nigeria’s capability to earn foreign exchange (forex) through its ongoing strengthening of manufacturing and…
Insurance Industry’s Gross Premium Income (GPI) Grew By 15%
The Insurance Industry’s Gross Premium Income (GPI) grew by 15 per cent year-on-year to N592.3 billion in the financial year…
World Bank Approve $11.5 Billion Lending
The World Bank has said it approved $11.5bn in lending to Western and Central African countries for 98 operations. The…
Nigeria Exchange Limited To Democratise finance In Nigeria Technology Sector
Capital market regulating bodies and other stakeholders have called on operators in the technology industry to leverage on capital market…
Nigeria Manufactured Import Exceed Export By 4.3 Trillion
The value of manufactured goods imported into the country exceeded exports by N4.37tn in the second quarter of 2021, according…
Investors Gain N521.46 Billion
Investors in the Nigerian Exchange Limited equities market recorded N521.46bn gain in September despite losses in 85 firms against 35…
European Union And German Agency Provide Financial Support To Nigeria Government
The European Union and the German Agency for International Cooperation on Thursday provided additional £15m as financial support to the…