Oikocredit makes loan to C&I solar provider
Oikocredit has provided Ecoligo with a € 5 million loan for the purpose of solar energy growth used to power…
Category: Local
Naira Appreciates at Official Markets As FX Turnover Drops To Two-Week Low
The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window,…
Amazon, AliExpress, Twitter, Zoom To Pay Tax On Profit Or Income Made In Nigeria
The federal government says non-resident companies (NRC) are mandated to remit 6% of turnover from digital services provided to Nigerian…
AI Capital, Google, Others Back InstaDeep’s 9-Figure Series B
A recent survey carried out by CNBC reported that 81% of executives worldwide say AI will play a notable role…
Eiffel Partners With Finergreen For African Renewable Energy Deals
A new initiative will soon be launched in Africa to increase financing for renewable energy. It is a mechanism that…
Manufacturers Association Urges CBN To Extend e-Invoice Implementation
The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria (CBN) to extend the implementation of the E-invoice…
Goodwell Leads Returning And New Investors For Copia’s Series C
Goodwell Investments has led a $50m Series C equity round in Copia Global, a B2C e-commerce platform with a distribution…
Binance Restricts 281 Nigerian Crypto Accounts To prevent fraud
One of the largest cryptocurrency exchanges platform in the world Binance, restricts the accounts of 281 Nigerian users. According to…
Ghana Secured $7.33 Billion From Oil Production Since 2011
Ghana secured $7.33 billion dollars in revenue since it started commercial oil production in 2011. From the earnings, $6.02 billion…
Airtel Africa Top Nigeria Stock Exchange Capitalised Company
Airtel Africa, a multinational telecommunications company, has surpassed Dangote Cement to become the most capitalised company listed on the Nigerian…
FG’s Marginal Oil-Field Awards: 33 Successful Bidders Lose
Govt rakes in N174bn as other awardees make full, part payments A total of 128 awardees that emerged as successful…
FEC Receives NNPC 2022 Petrol Subsidy Bill
The federal executive council (FEC) says it has received a bill of N3 trillion from the Nigerian National Petroleum Corporation…
Vantage provides mezzanine funding for real estate development
The mezzanine fund manager announced today that it has arranged R430 million of mezzanine funding for the development of Seaton…
Reps Ask CBN To Suspend E-Invoice Policy Implementation
The house of representatives has asked the CBN to suspend the implementation of the recently launched electronic invoice for all…
WACOT to complete rice mill expansion project in 15 months
WACOT Rice Nigeria Ltd has disclosed its ongoing expansion to double its 120,000-tonne rice mill in Kebbi State within the…
How To Report Financial Institution -CBN
The Central Bank of Nigeria(CBN) has issued a guide on how aggrieved customers can complain about financial institutions such as…
AutoStore and Ocado ‘robot war’ spills into Germany
Norwegian warehouse robot maker AutoStore sparred on Friday over legal proceedings in Germany in their latest patent dispute. In a…
China issues draft rules for fakes in cyberspace
China’s cyberspace regulator issued draft rules for content providers that alter facial and voice data. This latest measure was put…
CBN Urges Cement Manufactures To Slash Prices
The Central Bank of Nigeria has appealed to cement manufacturers to consider reducing the high cost of cement. The CBN…
Europe kept waiting as Intel commits to new U.S. chip factories
Intel still intends to develop the European chip manufacturing capacity with two new U.S. semiconductor plants. The company said in…
No Dollar Spent On Cement Import In Seven Years —CBN Governor Emefiele
The CBN Governor Mr Godwin Emefiele has said Nigeria has not spent dollars to import cement in the last seven…
Champion Breweries files shares take-over offer by Raysun Nigeria Limited
Champion Breweries has filed a notice of take-over offer by Raysun Nigeria Limited for over 1 billion units of the…
Federal Government Inaugurate Nigerian Postal Service Debit Card
The Federal Government has inaugurated the Nigerian Postal Service debit card, an agency banking platform, and 27 courier service vehicles.…
Nigeria: FIRS Achieved It’s Target For 2021
The Federal Inland Revenue Service (FIRS) has announced that it achieved a 100% revenue target for 2021 despite issues brought…
Nigeria Stock Market Capitalization Decreases By N280.62 Billion
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 112…
Unilever Nigeria Generated N52.21 Billion Revenue In 12-Months Ended December 2021
Unilever Nigeria Plc reported its Q4 12-months unaudited Annual Financial Statement, revealing a 35.07% growth in revenue from N52.21 billion…
Pay us $3.4bn Fine – Niger Delta Artisan Fishermen Association of Nigeria Fishermen Tells Shell
The Artisan Fishermen Association of Nigeria, Niger Delta chapter, have urged the Shell Petroleum Company to immediately pay them the…
Credit Suisse issues fourth-quarter profit warning as legal costs rise
Credit Suisse announced that its fourth-quarter earnings are set to be negatively impacted by increased litigation provisions. The Swiss bank…
BUA Chairman, Abdul Samad Rabiu Now Africa’s Fifth Richest Man, Second In Nigeria With Latest Forbes Report
Forbes has listed BUA chairman Abdul Samad Rabiu as the fifth African richest man and second richest man in Nigeria.…
Nigeria’s Credit Risk Spikes As FG Extend Fuel Subsidy Policy
The Federal Government’s decision to extend the implementation of the fuel subsidy removal policy has affected the cost of ensuring…