Real Time Financial News Website
The Ajaokuta-Abuja-Kano-Kaduna (AKK) gas pipeline and the OB3 gas interconnector will accommodate five billion standard cubic feet of domestic gas usage per day, according to the Nigeria National Petroleum Corporation…
After four days of trading last week, investors on the Nigerian Exchange Limited lost N674 billion.Due to the Federal Government of Nigeria’s declaration of Friday and Monday (today) as Public…
SAMANU is a platform firm that competes in the primary FMCG sub-sectors in Ethiopia with well-known brands (Tena Edible Oils, 555 and Aura Soap & Detergents, and Chef Luca wheat…
Over 135 Indian companies have made a total of $19 billion in investments in Nigeria over the course of the last 40 years of diplomatic relations between the two nations,…
According to stakeholders, Canada’s decision to ban foreign real estate investors will have a positive effect on the real estate market in Nigeria. On June 23, 2022, the Canadian government…
As President Joe Biden gears up to host the U.S.-Africa summit this week and speak with a select group of leaders about the 2023 elections and democracy in the continent,…
A $25 million venture debt fund designated for portfolio companies is being launched by Future Africa, a venture capital firm with its headquarters in Lagos, in partnership with TLG Capital,…
In exchange for a 10-year contract to move the data platform of the exchange operator to the cloud, Microsoft (MSFT. O) will purchase a 4% equity stake in London Stock…
In an effort to increase non-oil export revenues, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, stated that the apex bank and the Bankers’ Committee would commit a…
The World Bank will raise $2.5 billion (Sh306. 6 billion) for Kenya to finish a number of private-public partnership projects between 2023 and 2027. President William Ruto’s plan to use…
The African Development Fund’s (ADF) development partners have agreed to contribute a total of $8.9 billion to the financing cycle from 2023 to 2025. The Fund has never had a…
For seven consecutive weeks, Institutional investors have been investing heavily into Ether-based digital asset funds; as these products have recorded inflows in the weeks in question. Ether based asset funds…
L’ATTITUDE Ventures on Wednesday closed its first institutional fund raising over $100 million with an anchor investment; from Wall Street giant JPMorgan Chase (JPM.N) and initial investments from Trujillo Group…
Mitsubishi Motors Corp (7211.T) plans to invest about 10 trillion rupiah ($666.89 million) in Indonesia. This will be between 2022 and 2025, the country’s chief economics minister said. Airlangga Hartarto…
It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money into digital currency; and blockchain startups at a pace…
Argentina’s debt sank deeper into distressed territory, in just the latest week of sour financial news. This highligted growing doubts about the near-term prospects for Latin America’s third biggest economy.…
The U.S. International Trade Commission said it has launched an investigation related to the possible impact on the trade of certain fabrics of triacetate filament yarns from a proposed modification…
Sustained sell pressure witnessed on shares of some blue-chip firms quoted on the Nigerian Exchange; has resulted in shareholders of Nigerian Breweries Plc losing about N26.717 billion in a trading…
Cryptocurrency bulls took over the market on Monday, with Bitcoin leading the charge, fighting its way through the $30,000 resistance level it was trading below on Sunday. To now head…
The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, has said total cumulative investments in the country’s Free Economic Zones was about $20 billion over its 30 years of…
The Federal Government on Thursday called on the United States Government to support Nigeria with funds to develop Nigeria’s natural gas resources so as to serve as alternative source of…
Africa Prudential Plc has announced a dividend payment of N0.50 kobo per 50 kobo ordinary share for the financial year ended December 2021. The dividend is subject to appropriate withholding…
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 26 basis point. The NGX ASI closed at 47,360.79 points, to…
Nigeria attracted a sum of $698.78 million as foreign direct investments (FDIs) in 2021, representing its lowest level on record. This is according to data compiled by Nairalytics from the…
The Uganda Investment Authority, the investment arm of the country, has embarked on building the capacity of domestic investors to ensure they benefit from the oil and gas sector. The…
Indian investors are increasingly seeking investment opportunities in Tanzania in their quest to grab the opportunities that come with President Samia Suluhu Hassan’s pro-business sentiments. Data from the Indian High…
Apparently irked by the under-representation of some sectors in the nation’s stock market, capital market experts, at the weekend, urged government to accelerate privatisation of its assets and bring them…
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these…
In the wake of the EU-Africa Business Forum, the European Investment Bank has announced an additional €10 million through a first-loss equity investment in the Janngo Capital Start-up Fund as…
Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to safe-haven western bonds, putting in doubt Kenya’s plan to issue new debt…