Africa-Focused Credit Fund, BluePeak, Hits The First Close Of Its Maiden $200 million Credit Fund
Africa-focussed alternative asset management firm BluePeak Private Capital has hit the first close of its maiden $200 million credit fund,…
Category: Business
Egypt-Based Elmenus Raises US$10 Million In A Pre-Series C Round
Elmenus, an Egyptian food discovery and ordering platform, has secured US$10 million in a new funding round from MENA- and…
CBN Disburses N97.8b For Healthcare Projects
The Central Bank of Nigeria (CBN) has disbursed N97.8 billion out of the N100 billion lifeline it approved for the…
Ecobank Announces Zero Fees For Transactions On Rapidtransfer
In commemoration of this year’s National Diaspora Day event, Ecobank Nigeria is joining the rest of the country to celebrate…
N1.3tn Laundered Between 2011 And 2015 – Report
A civil society, YIAGA Africa has disclosed that Nigeria lost at least $582 billion to endemic corruption since independence. The…
OPEC+ Set To Meet As Cartel Edges Toward End Of Standoff
OPEC and its allies will meet on Sunday, the latest sign that a bitter standoff between Saudi Arabia and the…
Nigeria’s Inflation Rate Slows To 17.75% In June – Third Consecutive Decline In 2021
The consumer price index (CPI), which measures the rate of change in prices of goods and services, dropped to 17.75…
Pound Recoups Early Losses On Signs Of Hawkish Turn At BOE
Sterling reversed earlier losses on Thursday and moved higher after Bank of England policymaker Michael Saunders said the central bank…
FCMB Limited Appoints Mrs. Oluwatoyin Olaiya As Executive DIrector, RIsk & Compliance
The Board of Directors of First City Monument Bank Limited (the Bank) have announced the appointment of Mrs. OluwatoyinOlaiya as…
World Bank Trims East Asia, Pacific GDP Forecast Amid COVID-19 Concerns
Growth in East Asia and the Pacific this year will likely be slower than previously thought, the World Bank said…
Record-Low Rates Spur Australia M&A Frenzy In 2021
Australia is seeing a flurry of deal-making so far this year, as record-low interest rates have given institutional investors and…
Asian Shares Find Support As Powell Shrugs Off Inflation
Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the U.S. economy was “still a ways…
Exclusive Twitter Sees Jump In Govt Demands To Remove Content Of Reporters, News Outlets
Twitter Inc (TWTR.N) saw a surge in government demands worldwide in 2020 to take down content posted by journalists and news outlets,…
China’s Economy Grows Slower Than Expected In Second Quarter
China’s economy grew more slowly than expected in the second quarter, as tepid manufacturing activity, higher raw material costs, and…
China’s Economic Recovery Loses Some Steam, Investors Eye More Policy Easing
China’s economy grew slightly more slowly than expected in the second quarter, weighed down by higher raw material costs and…
South African Rand Becomes The Currency To Short As Risks Grow
Deadly riots. Sky-high unemployment. A surge in virus infections. Add to that rising U.S. inflation and prospects of Federal Reserve…
Ponzi Schemes Flourish In Nigeria’s Declining Economy
I want to introduce you to one of the biggest investment platforms in Nigeria, RackSterli,” the pop star Davido told his…
Future Of Oil & Gas In Nigeria: Renewed Oligations From Private Sector
From catalysing oil and gas potential to optimising gas production, diversifying consumption, and addressing gas flaring challenges, debates about hydrocarbon…
Turkey Holds Rates Again As Inflation Rules Out Summer Cut
Turkey’s central bank kept its benchmark interest rate unchanged for a fourth month on Wednesday, as rising prices and a…
Systemic Racism In England Affects Health To Wealth, Report Says
Racism in England is systemic and the government is “frustratingly slow” at implementing recommended solutions, according to a leading race-relations…
How FG Can Woo Multinationals To Stock Market, Boost Profitability’
Experts have renewed calls for the Federal Government (FG) to adopt a policy that would help reduce persistent volatility in…
EU Set To Call Time On Combustion Engine Within Two Decades
The European Union is set to propose measures on Wednesday, as part of a broad climate package, that signal the…
U.K. Vows To End Sales Of New Petrol And Diesel HGVs By 2040
The U.K. will end the sale of all new diesel and petrol heavy goods vehicles by 2040 and ultimately decarbonize…
Major Oil Marketers Protest Restriction Of Import Licences To Refiners
The Major Oil Marketers Association of Nigeria (MOMAN) and the Petroleum Marketers Association of Nigeria (DAPPMAN) have kicked against the…
Bank Of Canada Holds Interest Rate, Says It Will Curb Bond Purchases
The Bank of Canada held its key overnight interest rate at a record low 0.25% as expected on Wednesday and…
Big Banks Seek To Curb “Speculative” Planned UK Forex Class Action
A proposed multi-billion pound claim against powerful banks over alleged foreign exchange (forex) rigging is too weak and speculative to…
Pound Spikes As Inflation Surge Ups Pressure On BoE To Hike Rates
The pound rallied on Wednesday morning as official data showed UK inflation continues to soar. Figures from the Office for…
Analysis: Digital Rivals? Central Bank E-Cash Plans Prompt Lenders To Wade In
As central banks dabble with digital currencies, commercial lenders are ramping up efforts to influence policy and technical plans, according…
Apple, Goldman Plan ‘Buy Now, Pay Later’ Service To Rival Affirm
Apple Inc. is working on a new service that will let consumers pay for any Apple Pay purchase in installments over…
‘UK Generated £1.9bn From Export To Nigeria In 2020’
The British Deputy High Commissioner to Nigeria, Ben Llewellyn-Jones has revealed that British firms operating in Nigeria were able to…