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Africa
Nigeria record $18.9 billion OTC FX Futures Contracts in 2020
OTC FX Futures (OTC FX Futures) are non-deliverable forwards or contracts where parties agree…
Three Nigeria Bank Generated N75.24 Trillion From Electronic Banking Transactions
With the adoption of digital banking channels and more customers migrating to electronic banking following Covid-19…
Dangote Cement Gets New Leadership
Dangote Cement Plc has appointed Mr. Philip Mathew its new deputy group managing director and chief executive…
Nigeria External Debt Stock Figure Rise To $14.37 Billion
The Debt Management Office disclosed in a statement on its website on Tuesday titled ‘Nigeria raises $4bn through…
2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Presentation…
The disagreement between the leadership of the Senate and the joint Senate committees that worked on the 2022-2024…
Merchants And Business Outlets Must Accept E-Naira As A Form Of Payment
The Central Bank of Nigeria says the e-naira which is set to be launched on October 1 is a legal tender equal to…
No More Electricity Subsidy For Nigerians Starting From January 2022
With plans to end the electricity subsidy from next year, Nigerians would have to pay more for the commodity under…
Let’s Unlock Nigeria’s Housing Deficit: Vice President Osinbajo
Vice President Yemi Osinbajo has urged financial market experts to support the Federal Government’s efforts by…
Nigeria Exchange Market Close Negatively Amidst Sell-Offs
At the end of today’s trading session, the Nigerian Exchange market closed negative amidst sell-offs and…
N2.35 Trillion Generated From The Sale Of Petroleum
The Nigerian National Petroleum Corporation on Monday said that the total revenue generated from the sale of…
CDC Group chooses BluePeak and Vantage Funds For First Private Credit Deals
CDC Group Plc, the UK’s development finance institution (DFI) and impact investor, said Tuesday it has made a $60…
Dollar Exchange At Different Rates In Lagos And Abuja
The dollar rose to between N572 and N575 in different parts of the country on Monday barely two days after online…
Africa To Get 8 New Submarine Cables, To Fully Benefit From International Digital…
Industry players have said that Africa will get eight new submarine cables in the coming years.
They also said…
Central Bank Of Nigeria Disbursed N134.57 Billion To Agribusiness/Small and Medium…
With the aim of supporting MSMEs across the country, the CBN disbursed N134.57 billion to Agribusiness/Small and…
President Muhammadu Buhari Approves Board For Nigerian National Petroleum Company…
In his capacity as the Minister of Petroleum Resources, President Muhammadu Buhari has ordered the incorporation of…
Nigeria To Acquire More Satellites Between Now And 2025
Nigeria is expected to acquire new satellites in another four years for maximum coverage of the country. This is…
Africa Geonomics Startup “54gene” Secures $25 Million In Series B Funding
Less than 3% of genetic material used in global pharmaceutical research is from Africa. The staggering gap is quite…
Cairo Based E-Commerce Start-Up Raise $33 Million In Series A Round
Funding startups that help manufacturers and sellers distribute products and merchants access them on a single…
Afrexim Annouces Investment In A Pan-African Telecommunications Technology Group…
African Export-Import Bank (Afreximbank) has announced a minority investment by the Fund for Export Development in…
Africa Capitalworks Makes Equity Investment In Dorman Long Engineering Limited
Africa Capitalworks (“ACW”), a Sub-Saharan Africa-focused private equity company, announces a significant equity…
Nigeria: “5G Pose No Risk To The Quality Of Human Life“ Says Experts
Experts in the Information, Communications and Technology sector have backed the Federal Government on its plan to…
Nigerian Agricultural Insurance Corporation In Talk With Central Bank Of Nigeria…
The Nigerian Agricultural Insurance Corporation has said it is discussing with the Central Bank of Nigeria and…
South Africa’s Central Bank To Retain Rates At Record Low
South Africa's central bank will keep its repo rate on hold next week as inflation remains benign but raise rates…
Central Bank Of Nigeria Monetary Policy Meeting Outcome
The Monetary Policy Committee of the Central Bank of Nigeria (CBN), rose from its 138th meeting on Friday, with a…
Nigeria: Lagos State Inland Revenue Service Is Ready For Value Added Tax…
The Lagos State Inland Revenue Service has said it is ready for Value Added Tax collection.
It disclosed this in…
Global Citizen Gets FGN and Access Bank Backing
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, and Access Bank Plc have backed Global…
Nigeria: ‘W’ Initiative Partners With SME.NG
The W Initiative, a brand dedicated to inspiring, connecting, and empowering women in all categories, has partnered…
Nigeria Quickteller Paypoint Recruits New Agents To Provide Financial Services
Quickteller Paypoint, a service under Interswitch Financial Inclusion Services (IFIS), has continued to live up to…
Lafarge Nigeria Makes 8.3% In Revenue Growth – 2020
Lafarge Africa Plc has said it recorded a sales revenue of N230.6bn in 2020. This shows 8.3 per cent revenue growth…
No Plan To Convert Domiciliary Account To Naira- Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) has again dispelled speculations that it was planning to convert the foreign…