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Business
Aveng obtains debt financing for Trident Steel Africa.
Aveng Infrastructure and Resources has finalized the sale of Trident Steel, a steel solutions company, for R1.22…
Three African investment managers have been awarded a Visa and an AWIF grant for…
The African Women Impact Fund Initiative (AWIF), a collaboration between Standard Bank and the United Nations…
STOA Set to Buy a Minority Stake in Morocco’s Building Logistics.
STOA, a subsidiary of the French deposit and consignment fund CDC, announced a MAD330 million ($32.9 million)…
The EBRD will invest in RMBV’s USD 300 million North Africa fund.
The European Bank for Reconstruction and Development (EBRD) will invest USD 60 million in RMBV's third North…
BPE Partners and TSFE support the creation of a pharmaceutical distribution…
The Sovereign Fund of Egypt (TSFE), in collaboration with leading private equity firm B Investments and its…
Investors question projected exit pricing for Union Bank and Oando purchases.
Investors in Nigeria's capital market are unhappy with the exit prices proposed by Titan Trust Bank Limited and…
The Nigerian President’s Order has Delayed the Return of the Benin Bronzes.
A presidential decree naming a royal ruler as the owner and custodian of all returned artifacts caused a British…
Nigeria’s April Oil Production Fell Below 1mln bpd.
Following a strike at Exxon Mobil's local facilities, Nigeria's oil production dropped below 1 million barrels per…
FEC Authorizes Additional N129 billion for the Ogoni Remediation.
The Federal Economic Council authorized the expenditure of N129.8 billion for a number of projects within the…
CBN: Debt Servicing Hits $112m Monthly.
The Federal Government spent $112.35 million in January 2023 repaying external debt. According to information from…
Otedola Fumes Over Transcorp Deal.
Femi Otedola, a multibillionaire businessman, claimed on Tuesday that his offer to pay N250 billion for the…
KCB Group Modifies its Investment in NSSF.
The National Social Security Fund (NSSF) sold shares valued at Sh837.2 million in the three months prior to…
CBN Penalizes Shipping Companies that Export Illegal Cargoes from Nigeria.
CBN Governor, Godwin Emefiele, while speaking at the RT200 non-oil export summit 2023 in Abuja with the theme…
The NCC Approves the Lease of NTEL’s Spectrum to MTN.
MTN Nigeria is given permission by the Nigerian Communications Commission to lease spectrum from Natcom…
Fashola Reports that 383,431 Jobs were Created in Six Years.
Fashola said that from 2016 to 2022, 383,431 jobs were created through the government's infrastructure renewal,…
IMF Cautions Nigeria that Foreign Loans will Decrease.
Nigeria has been forewarned by the International Monetary Fund to prepare for a substantial decrease in foreign…
Nigerian payment Startup Nomba Revealed it Secured $30 million in Pre-Series B…
Base10 Partners, based in San Francisco (investors in Nubank, Plaid, and Brex), led the investment, which also…
Transcorp Power Receives a Discharge Certificate from Osinbajo.
According to Vice President Yemi Osinbajo, meeting Nigeria's growing energy needs would require "serious" private…
Dangote Refinery Set to Launch May 22nd.
There is new hope for Nigeria to increase its capacity for domestically refined fuel by 103.34 million liters per…
Purchasing Power Falls as FG Slams New Tax Law.
The federal government recently adopted a new tax law that was included in the 2023 Fiscal Policy measures and has…
Nigeria, Others Need $7.5 billion to Deepen LPG Usage.
According to the African Refiners and Distributors Association, replacing charcoal with clean cooking gas, also…
Nigerian Oil Production Falls for First Time in Seven Months.
Nigeria's crude oil production fell by 38,102 barrels per day in March, a cumulative monthly loss of about…
NIMC: E-identity is Critical to the Digital Economy.
A strong and secure e-identity system is crucial, according to Aliyu Abubakar, Director-General of the National…
UN Mobilizes N38 Billion for Nigeria’s Agriculture Sector .
In order to enhance Nigeria's agriculture industry from 2023 to 2027, the United Nations will work with the…
President Buhari Set to Commission Dangote Refinery.
According to a spokesperson for the president, Nigerian President Muhammadu Buhari will officially open the…
Reps Increase Buhari’s Supplemental Spending to N23.7 trillion.
The Federal Government acquired Ways and Means Advances worth N23,719,703,774,306.90 from the Central Bank of…
HOSCON Aims to Invest US$5 billion in Member States.
The Host Communities of Nigeria Producing Oil and Gas (HOSCON) said that it is aiming to raise $5 billion in…
Carl Cruz is Appointed as MD and CEO of Airtel Nigeria by Airtel Africa.
Carl Cruz has been appointed as the Managing Director and Chief Executive Officer of Airtel Networks Limited…
FG Plans to Build Another Sea Port in 2026 – NPA.
According to the Nigerian Ports Authority, the federal government plans to build another deep-sea port within the…
Niger Delta Community Threatens $1 trillion Lawsuit Against IOC, FG.
The host community of oil and gas in the Niger Delta has pledged a trillion-dollar against oil companies and the…