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Mobility Fintech, Moove, Raises $30mln from Debut Sukuk for UAE Expansion.
In order to fund the construction of the largest EV ride-hailing fleet in the MENA region, Moove, the first…
DPI and Fireball Back Ukheshe’s African expansion Plans.
In order to close the financial inclusion gap, Ukheshe International provides embedded finance to businesses in…
Exxon Completes the $407 million Sale of its Operations in Chad and Cameroon.
Exxon Mobil Corp. (XOM. N) completed the sale of its operations in Central Africa's Chad and Cameroon to…
Microsoft Plans to Acquire a 4% Stake in the London Stock Exchange.
In exchange for a 10-year contract to move the data platform of the exchange operator to the cloud, Microsoft…
Emefiele: Banks and CBN to Support Over N500 Billion in Nigerian Exports.
In an effort to increase non-oil export revenues, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele,…
Net Worth of Abdul Samad Increases by $7.3 billion.
Due to the successful performance of his publicly traded assets on the Nigerian Exchange, Abdul Samad Rabiu,…
Equinix Announces an Expansion Strategy Six Months after Purchasing MainOne for…
The supply chain, cybersecurity, and hiring segments of Equinix's 2022 Global Tech Trends Survey were focused on…
Trade Between Ghana and Italy Totals €500 million.
Ghana and Italy's bilateral trade increased to a record high of €520 million in 2021. The Italian ambassador to…
Ifc and Airtel Partner to Connect Millions of People Across Africa.
A $194 million credit facility between Airtel Africa Plc and the International Finance Corporation has been…
Nigeria’s Trade Balance is 86% Worse Off Due to Weak Exports.
Nigeria's trade balance has been negative quarter over quarter, as exports have decreased by 19.8% to N5. 93…
NNPCL Signs MoU with Companies in Ghana and Gambia.
The Nigerian National Petroleum Company Limited has signed five memorandums of understanding regarding the…
Depreciation of the Naira Increases Foreign Debt by N9 trillion.
Nigeria's foreign debt burden increased as the value of the naira relative to the dollar dropped from N196. 92 in…
Bboxx-EDF Obtains €11 million to Speed Up Electrification of Togo with Solar Kits.
Bboxx, a manufacturer and distributor of plug-and-play solar systems with a focus on Africa, and its partner EDF,…
US, ABC, and Microsoft Rally Behind Data Protection Bill Passage.
Chief executive officer of American Business Council (ABC) Margaret Olele has said the data protection bill before…
NNPC and Chevron Acquire N610 billion in Funding for 37 Oil Wells.
The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL), announced that $1. 4 billion…
Nigeria FG Plans New Green Bond Issuance For 2023.
The federal government plans to issue new green bond in 2023 as government explores widely diversified,…
Oikocredit Invest Debt in Solarise Africa.
Oikocredit has teamed up with the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), two funds run by…
4Di Capital Holds Second Close for New Seed Fund.
South African early-stage venture capital firm 4Di Capital has announced the second closing of its new US$25…
World Bank Estimates $20.9 Billion In Remittance Inflow For Nigeria In 2022.
Foreign remittance into Nigeria is estimated to hit $20. 9 billion by the end of 2022, compared to $19. 5 billion…
FG Earned $500 Million From 5G Spectrum Auction – Pantami
Minister of Communications and Digital Economy, Ali Pantami, said the federal government has generated over $500…
Oil-producing States Borrow N1.3tn Amid N6.4tn Windfall.
The total debts of nine oil-producing states rose from N2.04tn in December 2015 to N3. 35tn as of June 2022,…
435,000 Tesla Vehicles in China will Receive Software Updates Due to a Marker…
A regulatory body announced that Tesla Inc (TSLA. O) will release software updates for more than 435,000 vehicles…
Two Swiss Fintechs are Funded by J.P. Morgan Private Bank.
According to a statement released, J.P. Morgan Private Bank has invested in two Swiss fintech firms that…
Free Trade Zones in Nigeria Draw $46.4 billion in Investment.
The Nigerian economy received over $46.6 billion in investment thanks to free trade zones. Adesoji Adesugba, the…
CAC Opens a Register for Beneficial ownership.
The Corporate Affairs Commission has unveiled a platform for the Beneficial Ownership Register in an effort to…
Incorrect Import and Export Prices Cause Uganda to Lose Millions
Global Financial Integrity (GFI) found that $835 billion of the $1. 6 trillion in potential trade mis-invoicing…
CBN Protects Naira With $11.24 billion in Seven Months.
To keep the value of the naira stable between January 2022 and July 2022, the Central Bank of Nigeria injected…
OPEC Oil Output Declines in November Following Declared Cuts.
According to the survey, OPEC produced 29. 01 million barrels per day (bpd) in November, which is 710,000 bpd less…
Nigeria is a Significant Long-term Investment Market.
Dr. Naledi Pandor, minister of international relations and cooperation, has referred to Nigeria as a significant…
Registrars for Capital Markets Demand Proper Identity Management.
To encourage investment in Nigeria's capital market, the Institute of Capital Market Registrars has called for…