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Business
Zoom Plans To Fire 1,300 Employees.
The business that makes the video conferencing app Zoom has revealed intentions to lay off 1,300 employees.
The…
Centum Investment begins a Share Buyback.
Following the approval of its shareholders for the share repurchase exercise, Centum Investment Company Plc…
Tanzania: A Crucial Dry Port is about to Start Operating.
The Coast Region's Kwala Dry Port is finally scheduled to open this month, which is a significant development that…
Oil Revenue Reduces By N500bn In January
A total of 37.2 million barrels were shipped in January, down below the 49.6 million predicted if it had exported…
Vantage’s Fourth Mezz Fund Surpasses its Goal at Final Close.
Africa's largest mezzanine fund manager, Vantage Capital, said the final close of its fourth mezzanine fund had…
British International Investment Appoints Chijiutomi to Oversee Operations in…
Chris Chijiutomi was appointed as MD, Head of Africa, according to a statement from British International…
MNT-Halan now has Unicorn Status after the most Recent Funding Round.
MNT-Halan, an Egyptian fintech startup, has raised $400 million in a capital round, including $140 million in…
Adenia’s Fund Retains a Strong First Close of $300 million.
Adenia Partners, a private markets investment company dedicated to ethical investing and a sustainable Africa, has…
KENYA: A Mauritius Private Equity Group Is Negotiating To Buy Java.
Mauritius-based private equity firm Adenia Partners is in discussions to fully acquire restaurant chain Java House…
FG Anticipates Excise Taxes To Generate N250 Billion.
According to research, Federal Government intends to generate N250.09bn from excise duty in 2023. This was stated…
Agriculture and Manufacturing Record Fastest Production Cost Increase in January…
According to the Purchase Manager Index (PMI) study from Stanbic IBTC Plc, operators in the industrial and…
Despite FG Assertions, Fuel Supply Is Still Very Low
Despite assurances by the Federal Government that it possessed more over one billion liters of PMS, enough to keep…
Peter Obi Requests Calm, Urges Nigerians to Put Up with FG, CBN
Mr. Peter Obi, the Labour Party's presidential candidate, has pleaded with Nigerians to have patience with the…
Mineral Titles Drop 37% As Industry Is Threatened By Instability
Nigeria's natural resources are underutilized, according to the minister. However, the mining industry has also…
Reps Are Considering Calling An Emergency Session Due To The New Naira Crisis.
The Speaker of the House of Representatives, Femi Gbajabiamila, has said the federal parliament will have no…
According To Buhari, Nigeria Has 100% Broadband Penetration.
At the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture's first Digital Economy…
Reps Drop The N22.7tn Loan Proposal And Approve The Borrowing Of N1tn
The President's requests for Ways and Means Advances from the Central Bank of Nigeria were partially accepted by…
Diesel prices rise 182.6% in a year as a result of high energy costs.
The cost of energy supply has continued to take a depressing toll on Nigerians with the average retail price of…
After Moody’s Downgrading, Investors Sell Off Nigerian Bonds.
According to the report, "Nigeria's sovereign-risk premium jumped the most in three months after Moody's Investors…
Africa50 Completes Financing for the Senegalese Power Facility.
The co-developed 120 Megawatt power plant in Malicounda, Senegal, which cost €154 million to complete, was…
Norfund and 54 Funding Provide SAMANU with Growth Capital.
SAMANU is a platform firm that competes in the primary FMCG sub-sectors in Ethiopia with well-known brands (Tena…
Contributory Pension Assets Increased to N14.9 trillion.
The total assets under the Contributory Pension Scheme rose by N1.56tn in 2022, according to figures obtained from…
Classera Generates $40 Million Funds And Plans to Expand in Africa
The largest Series 'A' investment in EdTech history for an unfunded startup was successfully completed by…
Baker McKenzie Appoints Partners for its Corporate Practice in Africa.
Three renowned transactional attorneys have joined the Johannesburg office of a major international law firm,…
AfricInvest Purchases a Small Investment in Justrite.
An African private equity company, AfricInvest, has acquired a small share in the Justrite supermarket chain in…
ECOWAS Adopts New Regulations for the Regional Electricity Market.
The Economic Community of West African States Regional Electricity Regulatory Authority has approved critical…
Central Bank of Nigeria Recovers N1.9 trillion Following Naira Redesign.
The United Nations has said the Nigerian economy will grow to three percent in 2023 because of robust commodities…
India’s Adani Dollar Bonds Hit Lowest Since November.
Dollar bonds issued by subsidiaries of the Indian conglomerate Adani Group fell after a scathing report by a…
Banks’ Percentage of Consumer Loans Reaches 29.13%.
By the end of December 2022, the maximum loan rate in the banking industry was 29.13% while the return on savings…
Adani Group, Owned By World’s Third Richest Man, Has Been Accused Of Account…
The shares of the Indian conglomerate Adani Group plummeted on Wednesday morning after activist investing company…