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Prosper Africa Partners with African Asset Fund Managers to Mobilize $200 Million…
Prosper Africa has announced partnerships with four African asset fund managers under the Prosper Africa Catalytic…
African Mobility Fintech Moove Raises $76 Million to Expand Vehicle Financing…
Nigerian mobility fintech company Moove has secured $76 million in funding to expand its vehicle financing…
Knife Capital Successfully Closes R941 Million African Series B Expansion Fund
South African venture capital firm, Knife Capital, has successfully concluded its African Series B expansion fund,…
Stanlib Asset Management Invests in South African Solar and Battery Platform…
Stanlib Asset Management, a local investor in sustainable infrastructure, has acquired a stake in Solareff, a…
NGX RegCo Advocates Expert Guidance and Data Monitoring for Effective ESG…
NGX Regulation Limited (NGX RegCo) has emphasized the importance of seeking expert guidance and systematically…
Guinea Insurance Secures Regulatory Approval for Private Placement of 1.8 Billion…
Guinea Insurance Plc has announced that it has received regulatory clearance to conduct a private placement for…
No Directive Yet on Cancellation or Re-award of N48bn Niger Delta Pipeline…
Contrary to speculation, the Federal Government has not issued any directive regarding the cancellation or…
Petrol Price in Nigeria May Rise to N680/litre Due to Dollar Fluctuations
Oil marketers have signaled that the cost of Premium Motor Spirit (petrol) could increase to between N680/litre…
Central Bank of Nigeria Records N40.67bn Loans to Staff in 2022
The Central Bank of Nigeria (CBN) disclosed that it provided loans amounting to N40.67 billion to its staff…
Bus Transportation Costs Surge by 98% in One Month as Fuel Price Increases
The National Bureau of Statistics (NBS) reports that the average cost of bus transportation within Nigerian cities…
Nigerians Express Concern as Naira Falls and Oil Prices Rise, Fueling…
The declining value of the Nigerian naira against the US dollar, accompanied by a recent surge in global crude oil…
National Pension Commission Empowers RSA Owners with Mortgage Access
The National Pension Commission (PenCom) has revealed that a total of 187 Retirement Savings Account (RSA) holders…
Nigeria’s Telecoms Sector Faces Nearly 50% Drop in Foreign Investment, Data…
The Nigerian telecoms sector experienced a substantial decline in foreign direct investment (FDIs) in 2022, with…
Nigeria’s Oil Production Drops 13.6% in July, Strains Budget and OPEC Quota…
In July 2023, Nigeria experienced a significant decline in oil production, registering a 13.6% decrease to an…
Azman Air Halts Operations Amid Forex Challenges, Becoming Second Operator to…
Azman Air, an aviation company with a nine-year operating history, has ceased its operations due to challenges in…
Nigerian Pension Fund Administrators Set to Engage in Securities Lending, Boosting…
The National Pension Commission (PenCom) has announced its efforts to establish regulations allowing Pension Fund…
First Bank of Nigeria Holdings Amends AGM Agenda Amidst Court Order
First Bank of Nigeria Holdings has made revisions to its agenda for the upcoming Annual General Meeting (AGM),…
Nigerian Naira Plunges to Record Low of N925/$1 on Parallel Market Amid Supply…
The Nigerian Naira has spiraled to an unprecedented low of N925 against the US Dollar on the parallel market,…
Canadian Mining Company Silvercorp Metals Invests in Tanzanian Gold Project
Canadian mining firm Silvercorp Metals has entered into a placement agreement with OreCorp, a gold developer, to…
Lack of Access to Bank Services Hampers Non-Oil Export Growth in Nigeria
The Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Ezra Yakusak, has highlighted the…
Rising Business Divestment and Closure Threatens Nigeria’s Economy
The Nigeria Employers' Consultative Association (NECA) has expressed concern about the escalating instances of…
Abandoned Projects in Nigeria’s Niger Delta Region Highlight Challenges
A report from the Niger Delta Development Commission (NDDC) has revealed that a total of 1,587 projects worth…
US Expresses Concern over China’s Influence on Nigeria Through Loans
The United States has expressed concerns about China's potential to exert influence over the Nigerian government…
Strong Demand for Nigerian Treasury Bills Despite Rising Inflation
The latest treasury bill auction in Nigeria on August 9, 2023, saw investors submitting bids worth N808 billion…
Nigeria LNG Extends Force Majeure Due to Supply Disruption
Nigeria LNG has confirmed the continuation of the force majeure that was declared in October, attributing it to…
Association of Bureaux De Change Operators of Nigeria Calls for Ban on Binance…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Nigerian government to ban the…
Nigerian Safety Investigation Bureau and Lagos State Emergency Management Agency…
The Nigerian Safety Investigation Bureau (NSIB) and the Lagos State Emergency Management Agency (LASEMA) have…
Telecommunication Firms Consider Proposed Repayment Plan to Settle N120bn USSD…
Telecommunication companies are contemplating a repayment proposal from Deposit Money Banks (DMBs) to resolve the…
OPEC-13 Crude Oil Production Hits Near Two-Year Low
According to a survey by S&P Global Commodity Insights, OPEC-13's crude oil production reached a near two-year…
Trans-Saharan Trade at Risk Due to Border Closure
The closure of the border between Nigeria and Niger Republic has put approximately $1.3 billion worth of trade at…