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Nigeria and South Africa Lead Africa’s Crypto and Stablecoin Surge Amid Economic…
Nigeria and South Africa are at the forefront of Africa’s growing cryptocurrency adoption, driving significant…
Banks’ investment securities more than double on juicy yields
Nigerian banks have experienced a significant 145 percent increase in investment securities over the first nine…
FIRS Chief Highlights Taxpayer-Friendly Reforms at Lagos Trade Fair
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, emphasized the agency’s…
Africhange Secures IMTO License to Boost Remittance Services in Nigeria
Africhange, a leading cross-border remittance service, announced that its Nigerian subsidiary, Currenzo, has…
Heirs Energies Charts Africa’s Energy Future at AEW 2024 with Bold Solutions…
Heirs Energies, a top African energy firm, significantly impacted the African Energy Week (AEW) 2024 held in Cape…
Nigeria Inflation Expected to Remain High Amid Rising Costs
Nigeria’s inflation rate is projected to remain elevated, with October inflation anticipated to reach 33.10%,…
FCMB Offers ₦30 Million Clean Energy Loans for Homes and SMEs
First City Monument Bank (FCMB) has boosted it’s energy finance loan, offering up to ₦30 million to help…
Banks free to trade with deposited FX – CBN
The Central Bank of Nigeria (CBN) has released guidelines for banks to implement a new foreign exchange deposit…
Global Markets React as Trump Election Victory Boosts US Stocks and Cryptos
Financial markets worldwide responded variably to Donald Trump’s victory in the U.S. presidential election. Asia,…
FBN Holdings Shares Surge as Rights Issue Launches to Bolster Capital Base
FBN Holdings’ share price rose by 1.65% on the Nigerian Exchange Limited (NGX) on Wednesday, closing at N27.65 its…
IMF Chief Highlights Four Steps In Managing Systematic Reforms
In a recent interview, IMF's Deputy Division Chief, Antonio David, outlined a strategic approach for African…
AIICO Insurance Urges Collaboration to Strengthen Nigeria’s Agricultural Sector
AIICO Insurance Plc has emphasized the importance of collaboration among stakeholders to advance Nigeria's…
Zenith Bank Completes Major IT Upgrade to Boost Customer Experience and Digital…
Zenith Bank Plc has announced the completion of a comprehensive IT infrastructure upgrade aimed at enhancing…
Nigeria’s Fiscal Deficit Hits N4.53 Trillion in Q2 2024 as Spending Outpaces…
Nigeria's fiscal deficit reached N4.53 trillion in the second quarter of 2024, up from N3.88 trillion in the first…
Africa Targets $58 Billion Investment to Boost Oil and Gas Sector
Nigeria, Libya, and Angola are set to spearhead a forecasted $58 billion investment influx into Africa's oil and…
Consumers protest as Discos hike meter price by 28%
Nigeria’s power distribution companies (Discos) have announced a significant increase in electricity meter prices,…
Regency Alliance Insurance Reports Record Profits and Growth Amid Economic Shifts
Regency Alliance Insurance Plc announced significant growth in its 2023 financial performance, with gross written…
Nigerian Consumer Rights Agency Urges Fairness in Electricity Metering Transition
The Federal Competition and Consumer Protection Commission (FCCPC) head, Tunji Bello, has urged electricity…
Sahara Group Foundation Launches MADAA Initiative to Empower African Entrepreneurs
Sahara Group Foundation has launched its "Making A Difference Around Africa" (MADAA) initiative to support…
Nigeria Calls for Investment in Mechanized Farming to Boost Agricultural Sector
The Nigerian government is encouraging local and international stakeholders to invest in large-scale mechanized…
NGX Halts Six-Day Losing Streak with N131 Billion Gain
The Nigerian Exchange Limited (NGX) saw a positive turnaround yesterday, with its market capitalization rising by…
Nigeria’s Oil Minister Pushes for Industry Commitment to Boost Production and…
Nigeria's Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has called on industry players to…
MTN Nigeria Seeks to Raise N50 Billion Through Commercial Paper Issuance
MTN Nigeria Communications Plc is set to raise N50 billion through a commercial paper issuance as part of its…
Dangote Refinery Criticizes Pinnacle Oil’s Deregulation Claims and Defends…
Dangote Petroleum Refinery has responded to Pinnacle Oil and Gas Limited's CEO Robert Dickerman's remarks on…
APMT Apapa Says Port Delays Caused by Poor Policy Enforcement
Kayode Daniels, the Head of Commercial at APM Terminals Apapa, clarified that cargo delays at Nigerian ports are…
FG urged to stop tax reforms move
Tax consultant Adebisi Oderinde, CEO of AOC-Adebisi Oderinde & Co, has urged Nigerian President Bola Tinubu to…
AFEX Predicts Record Food Price Surge in Nigeria by 2025
The African Exchange (AFEX) projects an unprecedented rise in Nigerian food prices for the 2024/2025 season,…
Nigerian Banks Defy Predictions as Non-Performing Loans Remain Stable in 2024
Against Fitch's prediction that Nigerian banks’ Non-Performing Loan (NPL) ratios would rise in 2024, ten major…
Verve Hits 70 Million Payment Cards in Nigeria and Consolidates Market Leadership
Verve International, Africa’s largest domestic payment scheme, has reached a significant milestone with over 70…
Polaris Bank Named Best Bank for MSMEs
Polaris Bank has been recognized as the “Best Bank for MSMEs” for the third consecutive year at the Banks and…