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Business
US Bank Failure Might Have an Impact on Nigerian Businesses – Operators
Iyinoluwa Aboyeji, the founder and CEO of Future Africa, claims that the failure of SVB may have an effect on a…
Imports of Raw Materials Jump to N2.4tn in Nigeria – NBS
The report also revealed that Nigeria exported raw commodities worth N1 trillion, resulting in a N1.4 trillion…
Shell Reported a Substantial Decrease in Oil spills in Nigeria Following the…
In 2022, Shell (SHEL.L) reported a substantial decline in the amount of oil spilled due to sabotage in Nigeria's…
Revenue From VAT And CIT Increased By 33% To N4.92 trillion in 2022.
Value Added Tax and Business Income Tax revenues increased by 33% YoY to N4.92 trillion in 2022 from N3.68…
MTN Nigeria Raises N125bn Through Commercial Papers.
To increase its short-term operating capital and finance requirements, MTN Nigeria obtained N125 billion through…
AfricInvest buys stake in Justrite
AfricInvest Fund IV has acquired a small interest in the Nigerian retailer Justrite Superstore, this action would…
Anchor Debtors: CBN Criticizes IMF’s Low Rating
According to information provided by the Central Bank of Nigeria, farmers have paid back N503 billion, or 52.39…
Local Investors Dominate International Competitors As Transactions Totaled…
Domestic investors outperformed their international counterparts on the Nigerian Exchange Limited, with a total…
According To PenCom, N24bn Was Recouped From Defaulting Employers.
The Nigerian Pension Commission claims that it has recouped N24.15 billion in employee pension deposits that were…
FG Distributes N30bn In Grants To Export Businesses.
The Federal Government has given the go-ahead for 199 exporting enterprises to get promissory notes totalling…
Over The Election Period, Business Activity Decreased To A Three-year Low.
S&P Global's Purchasing Managers' Index shows that Nigeria's PMI decreased from 53.5 the previous month to…
Capital Market: SEC, NAIC To Expand Trading In Commodities
In order to strengthen the commodities trading ecosystem, the Securities and Exchange Commission (SEC) has…
Nigeria And PAPSS Sign Agreement To Accelerate International Trade
The Nigerian Exchange Limited (NGX) and the Pan-African Payment and Settlement System (PAPSS) of the African…
New Automobile Product From Mikano
Changan Auto, a brand-new product from Mikano Motors, has entered the Nigerian car industry. In response to the…
BuuPass Raises $1.3M to Expand Africa’s Mobility Sector Digitization.
In Kenya, the bulk of operators, particularly those in the road transportation industry, still insists that…
Cleantech Qotto Launches Growth Strategy with $8M Investment.
The IBL group, a $1 billion conglomerate with operations in a number of industries, including energy, financial…
IFC, DEG, Yellowwoods, and Others Backed Naked’s Series B.
A South African insurtech firm called Naked Insurance has acquired $17 million in Series B funding led by the…
Group’s Investments are Brought Together Under the New Axian Units.
Axian Group has revealed a new investment division intended to support Africa's early-stage tech businesses. Axian…
Returning and New Investors Support Smile’s Series B $20m Round.
In an expanding fintech market like that of Africa, the significance of KYC and identity verification cannot be…
Shareholders Approve The N2.06 Billion Royal Exchange Rights Issue
Royal Exchange Plc's shareholders have given the board of directors permission to seek new equity capital from…
2022 Non-Oil Export Revenue Of $4.8 billion, According To NEPC
The Nigerian Export Promotion Council has pledged to make sure that Nigeria surpasses the $4.82 billion it made…
Minister Rejects Request To Create New Agencies
The Federal Government has rejected a proposal from the National Institute of Peace and Strategic Studies to…
A Majority Share in FSG is Purchased by Africa Lighthouse Capital.
As certain regional competition authorities applauded its proposed purchase of further shares in funeral services…
As The FX Crisis Intensifies, Manufacturers Lament
The Central Bank of Nigeria's procedures for awarding foreign cash, according to the Manufacturers Association of…
Partech Closes the Largest Africa-focused Fund for the First Time at €245 million.
The largest Africa-focused fund to date, Partech Africa II has reached its first close at €245 million (about $263…
FG Anticipates Using 82% Of Revenue To Service Debt.
"The World Bank estimates that by 2027, interest payments on Federal Government borrowings from the Central Bank…
No Funding Available to Create or Support New Agencies – FG.
The Federal Government claimed that there were already too many agencies in Nigeria and that it lacked the…
Nigeria Farmers Protest a 50% Drop in Food Prices.
The International Monetary Fund (IMF) has highlighted near-term downside risks resulting from Nigeria's elevated…
MTN Increases Dividend by N76 billion.
According to the company's regulatory financial filings, MTN Nigerian Communication Plc. increased its dividend…
FG Attributes Nigeria’s Low Imports on the Benin Republic.
The Nigeria Customs Service has said that the Benin Republic trade policy was hostile to Nigerian traders. The…