Nigeria’s Lending Startup Payhippo Raises $3 Million For SMEs
A lending startup, Payhippo has raised $3 million to support the small and medium enterprises (SMEs) across the continent. Its…
Category: Local
Women Empowerment: Nigeria Firm, 33 Others Among $25M Google Awardees
A Nigerian firm, ImpactHer and 33 organisations from other countries are to receive $25 million grants for creating opportunities that…
Naira Appreciates Further, Trades N530 A Dollar At Parallel Market
The naira has appreciated further against the dollar at the parallel market on Thursday to trade at N530 per dollar.…
Dangote’s $500M Cement Refinery At Ethiopia Endangered As Rebel Forces Close In
A cement refinery in Ethiopia belonging to Dangote Group risks being damaged in the ongoing conflict by Tigray rebels and…
China Ready To Assist Nigeria Boost Export, Industrialisation – Envoy
Cui Jianchun, the Ambassador of the Peoples Republic of China to Nigeria, has said that China was ready to work…
DMO To Auction N150bn FGN Bonds Nov 17
DMO said this in a circular issued on Thursday. It said the bonds will consist of three equal tranches worth…
Nigerian Currency Traders Ask Central Bank For Official Market Access
Nigeria’s bureau de change operators have asked the central bank to consider a framework that will enable them access to…
Operational Issues, Sabotage Drag Nigeria’s October Quota By 261,000bpd
Despite higher crude prices and allocation, as the Organisation of Petroleum Exporting Countries (OPEC) and its allies adjust monthly quota,…
Nigeria’s Debt Adequately Reported – World Bank
The World Bank in its latest report has commended Nigeria’s debt reporting citing that 40 per cent of low-income developing…
MTN Nigeria, Dangote Cement, Others Opex Hits N1.5 Trillion Driven By Inflation, FX Devaluation
On the heels of impressive earnings in nine months ended September 30, 2021, it has emerged that double-digit inflation, foreign exchange…
NGX Pushes Ahead With Retail Participation Drive
The Nigerian Exchange Limited has announced that it will be holding its fourth retail investor workshop in 2021 in line…
FG To Mandate Ownership Disclosure Of Oil Assets To Curb $1tr Losses
The Federal Government, through the recently established Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday, said it would become compulsory for…
Nigeria’s 5G Reserve Price Of $197.4m Among World’s Costliest
Price at par with USA, Germany, China but ahead of India, S’Africa, Egypt With the Federal Government optimistic about December…
Meta To Delete Ads Capable Of Fueling Negative Experience Across Its Platforms
Meta, the parent company that oversees Facebook, Instagram and Messenger has reinforced commitment to protecting underrepresented groups across the three platforms.…
NNPC Plans To Rebuild Badagry Expressway Under Tax Credit Scheme
Nigerian National Petroleum Corporation (NNPC) has resolved to rebuild the Badagry Expressway under the Federal Government’s Tax Credit Scheme. The…
Construction Giant Ronchess PLC Gets Listed In The Nigerian Stock Exchange
The Nigerian Exchange (formerly known as the Nigerian Stock Exchange), has approved the listing of Ronchess Global Resources Plc on…
Nigeria Holds 29% Africa’s Total Oil Reserve – OPEC
The Organization of Petroleum Exporting Countries (OPEC) has said Africa’s proven oil reserves reached 126 billion barrels in 2019, with…
Emirates’ Loss Narrows To $1.6bn As Travel Restrictions Ease
Emirates Group has reported that its net loss for the first half of the 2021/2022 financial year fell to $1.6bn…
150,000 Farmers To Benefit As CBN flags Off Wheat Production Programme
The Central Bank of Nigeria (CBN) has flagged off the Nigerian Brown Revolution, an intervention programme to boost wheat production…
FEC Approves 2021-2025 National Development Plan, Projects N348.7tn Investments
The Federal Executive Council presided over by Vice President Yemi Osinbajo on Wednesday approved the 2021-2025 National Development Plan, which…
World Bank Demands Debt Transparency, Says Nigeria, Others Need $429bn
The World Bank has demanded debt transparency as a crucial step in countries’ development process, while it estimates that external…
Emefiele Woos Foreign Investors In France
The Governor, Central Bank of Nigeria, Godwin Emefiele, has invited foreign investors to consider Nigeria as their choice investment destination,…
‘You’ve Been Inconsistent’ — BudgIT Asks NBS To Publish Data On FAAC Disbursement
BudgIT Foundation, a civic-tech organisation, has called on the National Bureau of Statistics (NBS) to publish data on FAAC allocations…
Aviation Fuel Price Rises By 70%, International Airlines May Raise Fares
The International Air Transport Association has said the price of jet fuel has continued to increase in recent weeks, with…
Naira Gains 3.6% To Trade N540/$1 At Parallel Market
The Nigerian naira has appreciated by 3.6% to N540/$1 at the parallel market — almost four months after the Central…
Senate Approves Buhari’s $16 Billion, €1 Billion Loan Requests
The upper legislative chamber also approved grant components of $125 million. The president had requested the facilities in an addendum…
Billionaire Aliko Dangote’s Net Worth Rises To $19.2bn From $17.8bn In August
Africa’s richest man, Aliko Dangote, has significantly moved up in the Bloomberg Billionaires Index as his fortune increased to $19.2…
P&G Nigeria Gets New MD
Procter & Gamble has appointed Mokutima Ajileye as the Managing Director for the Nigeria market. According to a statement by…