In Just One Week, Airtel Africa’s Market Value Declines by N752 billion.
Following persistent sell pressure on the equity, Airtel Africa Plc, one of the largest telecom companies listed on the Nigerian…
Category: Business
Construction Sector Leadership Award Goes to Julius Berger for the Seventh Time in a Row.
Julius Berger Nigeria Plc, ostensibly the most innovative and reputable engineering construction company in the nation, has triumphantly taken home…
Investors’ Groups Criticize the Kogi Government and Claim That Any Action Taken Over Dangote Cement Would be Risky.
The Federal Government of Nigeria has been urged by a group of shareholder associations; to step in immediately and persuade…
Banking Sector Disruption: Fintechs Will Continue To Be Guided By CBN, Says Emefiele
Financial technology (fintech) businesses, according to CBN Governor Godwin Emefiele, are upending the banking industry. However, according to the CBN…
Geregu Power inspires investor confidence, gaining N25 billion on I ts Inaugural Day of Trading.
Despite a persistently gloomy market caused by the run-up to the 2023 general elections and an increase in interest rates;…
Shell Purchases Daystar Power, in Lagos.
Under the condition of regulatory approvals, Daystar Power has declared that it will be bought by Shell; this is to…
Ethiopian Airlines Becomes A key Investor In Nigeria Air.
The Nigerian government announced that Ethiopia Airlines is the preferred bidder for Nigeria Air; as it gets ready for the…
ECOWAS Names Dangote Manufacturing Brand of the Year.
In addition to winning eight separate Manufacturing Excellence Awards (EMEA) from the Economic Community of West African States, Dangote Industries…
The CBN Lends N9.3trillion To Businesses While Reducing Interference.
The Central Bank of Nigeria has lent N9.3tn to businesses, recovering N3.7tn from it.The apex bank said N5tn was not…
Northeastern Angola Finds 131-Carat Diamond.
Another gem, a 131 carat white Type IIa diamond, has been recovered, according to Lucapa Diamond and Sociedade. This is…
Kenya Will Stop Using Diesel and Gasoline Trucks and Adopt Green Transportation.
Kenya Power plans to buy additional electric vehicles, including two-wheelers and three-wheelers; in the near future in an effort to…
Guinness Nigeria Increases Shareholder Returns By Stepping Up Its Expansion Plan.
About 11 years ago, the parent company of Guinness Nigeria, Diageo Plc invested over N52 billion in capacity expansion; making…
Tanzania intends to purchase a freight plane.
With intentions to use Kilimanjaro International Airport (KIA) as a key airport for cargo landing; the Tanzanian government is about…
Nigeria Seeks OECD Membership To Increase Seed Exports.
Plans have been in place by Nigeria’s National Agricultural Seeds Council (NASCC); to admit Nigeria as a full member of…
With 71 New Initiatives, Amazon Promotes Green Energy.
In an effort to utilize only renewable energy throughout its whole business by 2025, Amazon.com Inc (AMZN. O) announced that it…
Flutterwave Makes It Possible For Nigerians To Collect eNaira Payments.
The eNaira is a digital currency produce by the Central Bank of Nigeria that offers a distinct kind of money…
Adobe To Buy Figma For $20bln.
To help it expand its toolkit for creative professionals, Adobe Inc. agreed to purchase software design company Figma Inc. In…
Nigeria Collaborates With India To Produce The Covid-19 Vaccine Locally.
In order to achieve vaccine equity in Nigeria, the Federal Government and the Serum Institute of India have announced a…
7,000km Gas Pipeline Contract To Be Signed By NNPCL With Morocco And West African Nations.
The Nigeria-Morocco Gas Pipeline (NMGP) project created during King Mohammed VI of Morocco’s visit to Nigeria in December 2016. It…
China Renounces Interest-Free Loans To Africa Worth 1% Or Less Of Its Credit To The Continent.
In August, the Chinese foreign ministry announced that it had canceled 23 loans to 17 African nations that were due…
Domino’s Pizza Has Invested N26billion, In Nigeria.
Domino Pizza, together with its other international brands including Cold Stone Creamery, is the world’s largest value chain for pizza.…
India Charges A 20% Levy On All Exports Of Rice.
India, the world’s largest exporter of the grain, put a 20% levy on exports of different grades of rice in…
Elon Musk $258billion Dogecoin Lawsuit Expands.
The price of Dogecoin purposefully driven up by more than 36,000% over the course of two years; according to an…
United Airlines Acquires 200 Air Taxis And Spends $15million In Eve Air.
United Airlines Holdings Inc (UAL.O), a U.S. Airline, announced on that it would invest $15 million in the fledgling air-taxi…
Nigeria FG Intends To Enhance Gas Exports To Europe in 2022.
08, August, 2022 the price of Brent, the world’s standard for petroleum, decreased by 5.01%, or $4.65, to close at…
Capital Inflows Were 23% Lower Due To Insecurity And The FX Crisis.
Capital importation into Nigeria reduced by 23% due to insecurity and the ongoing foreign exchange crisis. The total amount of…
Google Has Confirmed That It Will Provide $4 Million To 60 Startups In Africa.
Google revealed that it had chosen 60 qualified businesses from throughout Africa. They are to receive $4 million in funding…
Exxon and Shell Announce The Sale Of A Significant Dutch Gas Partnership.
Shell (SHEL.L) and Exxon Mobil (XOM. N) have listed one of Europe’s largest and oldest natural gas production projects for…
Fidelity Bank To Acquire Union Bank UK.
Fidelity Bank Plc has entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc.…
Dangote To Save Forex, Through 40% Sugar Import Substitution.
Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40%.…