Four Banks Borrow $6.21bn From Foreign Market Amid Dollar Shortage
In a bid to support their balance sheets with foreign exchange, four banks in the country raised $6.21bn from foreign…
Category: Local
CBN: Bridging Unbanked Space, Stimulating Digital Transactions
When the Central Bank of Nigeria (CBN) mooted the idea of the e-Naira in 2017 as part of the CBN…
FG To Review 41-Year-Old Map Of Nigeria
The Federal Government has concluded plans to review the current map of Nigeria, which was produced by the Canadian Government…
Nigeria’s Inflation Rate Drops To 15.99% — Seventh Consecutive Decline In 2021
The consumer price index (CPI), which measures the rate of change in prices of goods and services, declined for the…
After PSB Approval, Airtel Gets CBN’s Nod To Operate As A Super Agent In Nigeria
Airtel Africa Plc says it has been granted approval-in-principle by the Central Bank of Nigeria (CBN) to operate as a…
Fresh Loans To Push Nigeria’s Debt Stock To N52tr
The fresh $16.23 billion and 1.02 billion approved for the Federal Government will push Nigeria’s debt stock to N52.6 trillion…
Outrageously Expensive Nigerian Ports
The recent revelation that Chinese shipping lines and their agents in Nigeria have introduced double charges on the handling of…
African Fintech Startup Chipper Cash Raises $30M Backed By Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation…
Influenced By N4.28trn 2021 Budget Deficit Financing, FG Lists N812.2bn Bonds On NGX In One Month
Following the drive to raise funds to finance the N4.28 trillion 2021 budget deficit, the federal government listed a total…
AfricInvest’s Private Credit Unit Backs Kenya’s RFH Healthcare
AfricInvest, a pan-African asset management platform that makes private equity, venture capital and private credit deals, has inked a debt…
Ata Capital Completes RCA’s MBO
Ata Capital has completed a management buyout (MBO) of Respiratory Care Africa (RCA), a medical devices supplier, from South African…
Nigerian E-Health Pharmaceutical Distribution Startup DrugStoc Secures $4.4 Million Series A Funding, Embarks On Expansion Drive
The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and distribution challenges as well as…
Singaporean, French Firms, Bi-Courtney, 10 Others Jostle For Nigeria’s Four Int’l Airports
A total of 13 airport consortia, comprising local and foreign companies, have submitted bids to be prequalified for the planned…
FG To Auction N150 Billion Bonds In November
The Debt Management Office has said the Federal Government will offer N150bn bonds for subscription this month. A circular by…
FG Inaugurates Housing Portal, Urges Nigerians To Apply
The Federal Government, on Friday, inaugurated a portal for its National Housing Programme and urged Nigerians to apply for affordable…
Eight PFAs Meet N5 Billion Capital Requirement
Chief Executive Officer, Pension Fund Operators Association of Nigeria, Oguche Agudah, said on Friday that eight out of the 20…
Daniel Ford International To Host An Evening With Wole Soyinka
Daniel Ford International a leading property search and acquisition consultancy, is hosting 1986 Nobel Prize winner, Professor Wole Soyinka, for a…
N58k For Single-Phase, N109k For Three-Phase’ — FG Raises Prices Of Prepaid Meters
The federal government has increased the prices of both single-phase and three-phase prepaid electricity meters. The Nigerian Electricity Regulatory Commission…
Foreign Investors Prefer Nigerian Banks’ Eurobonds To Their Stocks
Foreign investors can’t get enough of Nigerian banks’ Eurobonds but won’t touch their stocks with a ten-foot pole. First, it…
6,000 Base Stations Needed For 5G Rollout In 10 Nigerian Cities – GSM Operators
The Global System for Mobile Communications Association says $500m and 6000 base stations are needed for 5G rollout in the…
ECB Forward Guidance Is No Longer Working As It Used To
Bloomberg Economics’ model shows that if the European Central Bank had fully bought-in to the transitory inflation narrative, it would…
Federal Government of Nigeria To Use NIN To Identify, Monitor Internet Users In Nigeria – Pantami
The Federal Government has stated that it plans to use the mandatory National Identification Number (NIN) to identify and monitor…
CBN Urges Nigerians To Embrace E-Naira
The Central Bank of Nigeria (CBN) yesterday called on Nigerians to embrace e-naira, the nation’s digital currency. The Director Corporate Communications…
Reps Ask CBN To Recover NNPC’s Funds In Banks
The House of Representatives has sought the intervention of the Central Bank of Nigeria (CBN) over recovery of funds belonging…
UBA’s $300 Million Eurobond Oversubscribed
Amid global and domestic challenges, the United Bank for Africa Plc’s (UBA) $300 million Eurobond attracted 1.7 times oversubscription from…
Toshiba Says It Plans To Split Into Three Firms, Rejects Calls To Go Private
Japanese industrial conglomerate Toshiba Corp outlined plans on Friday to break up into three independent companies by spinning off two…
Twitter To Launch Dedicated Crypto Team
Twitter is expanding further into the world of cryptocurrencies as the social media giant is setting up a team dedicated…
Flutterwave Acquires Disha, A Creator Platform That Planned To Shutter In February
In February, Disha, a Nigeria-based platform that allows digital creators to curate, sell digital content, create portfolios and receive payments…