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Business
LemFi Enters US Market with Innovative International Payment Services
LemFi, a prominent fintech company specializing in international payments, has officially launched its services in…
Shift in US Bond Yields Indicates Changing Market Dynamics Amid Economic…
The recent surge in U.S. bond yields has been accompanied by subdued inflation expectations, suggesting that…
Goldman Sachs Explores Sale of Wealth Management Unit as It Refocuses on…
Goldman Sachs is considering the sale of a portion of its wealth management business, signaling a shift in its…
S&P Global Downgrades U.S. Regional Banks Due to Funding Costs and CRE Sector…
S&P Global has taken action to downgrade credit ratings and outlooks for several U.S. regional banks, citing…
Pilot Union Division: Advocates Push for Extended Retirement Age Amidst Concerns
The Air Line Pilots Association (ALPA), a long-standing pilot union, faces internal division as a faction of…
ECOWAS Rejects Niger’s Proposed Three-Year Transition Plan by Military Junta
The Economic Community of West African States (ECOWAS) has declined to accept a proposed three-year power…
CBN Disburses N37.6 Billion in Loans to Mortgage Banks in 2022
The Central Bank of Nigeria (CBN) has provided loans and advances totaling N37.6 billion to mortgage banks in…
BOST Records Profits for Second Consecutive Year, Marks Turnaround
The Bulk Oil Storage and Transportation Limited Company (BOST) has reported a profit after tax of GH¢342 million…
Coronation Insurance Delays Shareholders’ Meeting for NGX Delisting…
The planned shareholders' meeting of Coronation Insurance Plc, which was ordered by the court and aimed at…
Nigeria Ready to Join Second Phase of AfCFTA’s Guided Trade Initiative
Nigeria's participation in the second phase of the Guided Trade Initiative (GTI) under the African Continental…
Central Bank of Nigeria Launches Price Verification System to Enhance Trade…
The Central Bank of Nigeria (CBN) has officially launched its Price Verification System (PVS) portal, which will…
Legal Battle Over First Bank Holdings Shares Continues, Court Adjourns Hearing
A Federal High Court in Lagos has adjourned a hearing on various applications related to the controlling shares of…
Manufacturers Association of Nigeria Raises Concerns Over Inflation’s Impact…
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has expressed concerns…
Nigerian Liquefied Natural Gas Ltd Shutdown Threatens Gas Production
The continued shutdown of operations by Nigerian Liquefied Natural Gas Ltd (NLNG) is posing a serious risk to the…
Nigeria Secures $3 Billion Emergency Loan to Stabilize Naira Amid Concerns
The Nigerian National Petroleum Company Limited (NNPCL) and Afreximbank have jointly signed a commitment letter…
Naira Rebounds Against Dollar as CBN Announces Intervention
The Nigerian naira has rebounded against the United States dollar in the parallel market, closing at 850/dollar.…
Nigeria’s Inflation Hits Highest Level in Almost Two Decades Amid Reforms
Nigeria's annual inflation rate has surged to 24.08% in July, marking its highest level in nearly two decades and…
Nigerian Oil Marketers Urge Gradual Relaxation of Fuel Subsidy Removal
Oil marketers in Nigeria have advised President Bola Tinubu to consider a gradual relaxation of the removal of…
Resilient Trade Relations Between Ghana and the USA Reach All-Time High
Trade relations between Ghana and the United States of America (USA) have demonstrated remarkable resilience, with…
Government Reinstates Fuel Subsidies to Stabilize Pump Prices Amidst Oil Market…
In an unexpected policy reversal, the government of Kenya has reintroduced fuel subsidies in response to surging…
Safaricom Boosts M-Pesa Daily Transaction Limits in Bid to Compete with Banks
Safaricom, a prominent telecommunications company in Kenya, has gained the Central Bank of Kenya's (CBK)…
Oil Marketers Seek Deal to Pass Foreign Exchange Losses to Customers, Fueling…
Oil marketers in Kenya are engaged in discussions with the government to shield themselves from foreign exchange…
Soaring Diesel Costs Spark Concerns of Factory Closures and Job Losses in Nigeria
The foreign exchange crisis in Nigeria and the recent implementation of a 7.5% Value Added Tax (VAT) on Automotive…
Stakeholders to Address Challenges in Nigeria’s Electronic Payment System
Stakeholders in Nigeria's electronic payment system are gearing up to find solutions to challenges that emerged in…
Resumption of Forcados Crude Oil Exports After Month-Long Halt
Exports of the Forcados grade of crude oil have resumed, according to a statement by a Shell spokesperson. The…
Nigerian Government Aims for N100 Trillion Asset Under Management (AuM) Growth…
The Nigerian Federal Government, represented by the Ministry of Finance Incorporated (MOFI), has set a target to…
Nigeria Requires $20 Billion Annual Investment for Gas Expansion Projects
The Nigerian government has stated that approximately $20 billion in annual investments will be necessary to…
ECL Launches “WorkMate” Automation Tool to Enhance Productivity and…
ECL has launched an automation tool named "WorkMate" that offers pre-built automations for various industries. The…
Central Bank of Kenya Sets New Interest Rate Corridor to Guide Interbank Lending
The Central Bank of Kenya (CBK) has introduced a new interest rate corridor to guide interbank lending and control…
Vista Group Acquires Majority Stake in Orabank to Create Pan-African Banking Group
Vista Group has agreed to acquire a 61.4% stake in Orabank S.A., the holding company of Orabank, from existing…