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Excess Crude Account Decreases by 89% to $472,513.
In the previous eight years, Nigeria's surplus crude account has decreased by 89%, from $4. 1 billion in November…
Fed Insiders Anticipate Small Rate Increases to Occur Soon.
The Federal Open Market Committee, which sets interest rates, is largely expected to reduce its rate hike in…
Buhari Unveils New Naira Notes at Aso Rock.
The new naira notes in the denominations of N200, N500, and N1,000 were introduced by the President, Major General…
Naira Redesign: CBN Receives Old Notes Worth N165 billion.
Before the Federal Executive Council meeting started, November 23, President Muhammadu Buhari introduced the…
According to the ILO, Global Unemployment is Worsening.
According to the latest edition of the International Labour Organization Monitor on the World of Work,…
Oil Increases as Saudi Comments overcome Economic Worries.
Oil increased as the top exporter Saudi Arabia indicated OPEC+ was continuing to output curbs and might take more…
Inspired Evolution wins AfDB commitment for Fund III.
The African Development Bank Group's Board of Directors today approved a $20 million equity investment in…
Helios Invests in Many Data Centres Across Africa and Hires a New MD.
For an unknown price, Helios Investment Partners (Helios) has entered into agreements to purchase the majority…
The World Population will Surpass 8billion, with India Surpassing China.
World Population Prospects 2022, published on World Population Day, estimates that the world's population would…
CBN Directs Banking Firms Nationwide to Open on Saturdays
In order to allow bank customers to exchange their old naira notes for new ones, the Central Bank of Nigeria (CBN)…
Kenyan Businessmen Pay Exorbitant Prices for Ethiopian Miraa for the Somalia…
As high prices in Kenya drive them to give up the local crop, Miraa dealers have moved to Ethiopia as a source…
Uganda Shilling Increases as Oil Prices Decline.
The rise in the import bill brought on by a significant increase in oil imports and the high cost of debt…
Nigeria Opens its First Deep Sea Shipping Port.
Nigeria's first deep sea port was turned over to the government by China Harbor Engineering Company Ltd. (CHEC)…
FG Charges 16 Foreigners with Oil Theft and Detains the Vessel.
16 foreigners have been charged by a Federal High Court in Port Harcourt, Rivers State, with offenses that include…
Egyptian Fintech Equity and Financing Round Led by EIIC and Sawari
The Egyptian finance firm, Blnk, formed in 2021 by Amr Sultan and Tarek Elsheikh, has revealed that it has earned…
Helios Invests Expansion Money in IXAfrica.
Helios Investment Partners, the top private investment company with an emphasis on Africa, and IXAfrica Data…
Quona Capital Closes a $332 million Fund to Finance Fintech Businesses in…
Quona Capital, a venture capital firm, has announced that Fund III, its third fund, has reached its final closure…
To Further its Worldwide and African Development, Yassir Gets $150 million in…
Yassir, an Algerian super-app with a San Francisco headquarters that provides financial and on-demand services,…
Buyoya Promoted to be IFC’s Regional Director for West Africa.
Olivier Buyoya has been appointed as the new regional director for the International Finance Corporation (IFC) in…
Central Bank of Kenya Requests Banks to take Additional Loan Pricing Criteria into…
In order to extend loans at an acceptable price, the Central Bank of Kenya (CBK) has urged lenders to take into…
Elon Musk Prepares for a $56 billion Fight with a Drummer from Heavy Metal.
Elon Musk has fought against the automakers, short sellers, and securities authorities in Detroit. The Tesla…
In October, Inflation Reached 40.4% In Ghana.
Ghana's year-over-year inflation increased to 40.4% in October from 37.2% in September, according to the Ghana…
Sam-Bankman Fried Informed the Director of OKX that FTX had a $7 billion…
According to a top official at OKX, FTX CEO Sam Bankman-Fried requested a $2 billion to $4 billion capital…
Rise and Fall of Crypto Exchange FTX
Exchanging cryptocurrencies Following the failure of a rescue from bigger rival Binance, FTX was on the verge of…
Toyota Tsusho Establishes “Health54,” a Startup Investment in the…
Toyota Tsusho Corporation ("Toyota Tsusho") announced that its subsidiary CFAO SAS ("CFAO") has founded Health54…
The Strategic Partnership of RMB Corvest is Extended to a Solar Supplier.
To help Sedgeley Solar Energy Namibia (Sedgeley Energy) better capitalize on rooftop solar photovoltaic (PV)…
Financial Watchdog Investigates Sportsbet and Bet365 on Grounds of Money…
On the grounds that Sportsbet and Bet365 may not have complied with anti-money laundering regulations, the…
In View of a Severe Labour Shortage, Canada Announces an Immigration Plan.
Currently, Canada anticipates bringing in 465,000 new permanent residents in 2023, up 4% over the prior goal, and…
CMA Supports the Return of Investments in Mobile Bonds.
The M-Akiba bond, on the other hand, which was tested in April 2017, only required a minimum investment of…
NNPC and Addax Enter an Agreement to Resolve a License Issue.
To resolve the conflict over Oil Mining Leases 123/124 and 126/137, the Nigerian National Petroleum Company…