62% Of Nigeria Business Enterprises Make Use Of Mobile Banking
The National Bureau of Statistics has said that 62 per cent of enterprises use mobile banking for their business operations.…
Category: Africa
Investments That Will Stand The Test Of Time – Stanbic IBTC Chief Executive
Stanbic IBTC Asset Management Limited, a subsidiary of Stanbic IBTC Holdings Plc, has urged Nigerians to patronise investment offerings that…
African Continental Free Trade Area To Help Grow Africa’s Gross Domestic Product
The Under Secretary General and Executive Secretary, The United Nations Economic Commission for Africa, Dr Vera Songwe, has said that…
Naira Continues To Maintain A Downward Trend
The naira slide to N575 on Thursday despite assurances by the Central Bank of Nigeria that there is sufficient foreign…
Federal, States,Local Government And Agencies Shared N696.965 Billion Revenue
The Federation Accounts Allocation Committee on Wednesday said it shared a total of N696.965bn as August 2021 revenue to the…
Nigerian Content Development And Monitoring Board Set To Develop Manufacturing Hubs In Ondo State
The Nigerian Content Development and Monitoring Board has begun activities to develop an oil and gas industrial park in Ondo…
Nigeria’s Equity Market Investors Lost N11.02 Billion At End Of Trading
Investors in the equities market of the Nigerian Exchange Limited – formerly Nigerian Stock Exchange lost N11.02bn at the end…
Increase in Demand, Shortage Of Supply Led To Increased Price Of Cooking Gas
The management of the Nigeria LNG Limited has said that marketers do not have enough infrastructure to take up its…
President Muhammadu Buhari Seek For The Amendment Of Petroleum Industry Act
President Muhammadu Buhari (retd.), has asked the Senate to amend certain provisions of the controversial Petroleum Industry Act. He was,…
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 to an exchange rate for a…
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 restrictions, three leading banks,…
Dangote Cement Gets New Leadership
Dangote Cement Plc has appointed Mr. Philip Mathew its new deputy group managing director and chief executive officer. According to…
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 Eurobonds’. This…
2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Presentation Stepped Down – Nigerian Senate
The disagreement between the leadership of the Senate and the joint Senate committees that worked on the 2022-2024 Medium Term…
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…
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 developing an appropriate housing…
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 buy-interests as the benchmark…
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 petroleum products for…
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 million…
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…
Africa To Get 8 New Submarine Cables, To Fully Benefit From International Digital Economy
Industry players have said that Africa will get eight new submarine cables in the coming years. They also said that…
Central Bank Of Nigeria Disbursed N134.57 Billion To Agribusiness/Small and Medium Enterprise Investment Scheme
With the aim of supporting MSMEs across the country, the CBN disbursed N134.57 billion to Agribusiness/Small and Medium Enterprise Investment…
President Muhammadu Buhari Approves Board For Nigerian National Petroleum Company Limited
In his capacity as the Minister of Petroleum Resources, President Muhammadu Buhari has ordered the incorporation of the Nigerian National…
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 even…
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 surprising…
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 platform keeps increasing across…
Afrexim Annouces Investment In A Pan-African Telecommunications Technology Group – Liquid Intelligence Technology
African Export-Import Bank (Afreximbank) has announced a minority investment by the Fund for Export Development in Africa (FEDA) into Liquid…
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 investment in Dorman Long Engineering Limited (“DLE”)…