Nigerian Central Bank to Rename Official Forex Market as Nigerian Foreign Exchange…
The acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, announced that the official foreign!-->…
ECL Launches “WorkMate” Automation Tool to Enhance Productivity and…
ECL has launched an automation tool named "WorkMate" that offers pre-built automations for various industries. The!-->…
Central Bank of Kenya Sets New Interest Rate Corridor to Guide Interbank Lending
The Central Bank of Kenya (CBK) has introduced a new interest rate corridor to guide interbank lending and control!-->…
Vista Group Acquires Majority Stake in Orabank to Create Pan-African Banking Group
Vista Group has agreed to acquire a 61.4% stake in Orabank S.A., the holding company of Orabank, from existing!-->…
Prosper Africa Partners with African Asset Fund Managers to Mobilize $200 Million…
Prosper Africa has announced partnerships with four African asset fund managers under the Prosper Africa Catalytic!-->…
African Mobility Fintech Moove Raises $76 Million to Expand Vehicle Financing…
Nigerian mobility fintech company Moove has secured $76 million in funding to expand its vehicle financing!-->…
Knife Capital Successfully Closes R941 Million African Series B Expansion Fund
South African venture capital firm, Knife Capital, has successfully concluded its African Series B expansion fund,!-->…
Stanlib Asset Management Invests in South African Solar and Battery Platform…
Stanlib Asset Management, a local investor in sustainable infrastructure, has acquired a stake in Solareff, a!-->…
Federal Government Plans N360 Billion Bond Issuance to Bridge Budget Deficit
The Federal Government of Nigeria is set to raise N360 billion in new borrowings through a bond auction to address!-->…
NGX RegCo Advocates Expert Guidance and Data Monitoring for Effective ESG…
NGX Regulation Limited (NGX RegCo) has emphasized the importance of seeking expert guidance and systematically!-->…
Guinea Insurance Secures Regulatory Approval for Private Placement of 1.8 Billion…
Guinea Insurance Plc has announced that it has received regulatory clearance to conduct a private placement for!-->…
No Directive Yet on Cancellation or Re-award of N48bn Niger Delta Pipeline…
Contrary to speculation, the Federal Government has not issued any directive regarding the cancellation or!-->…
Petrol Price in Nigeria May Rise to N680/litre Due to Dollar Fluctuations
Oil marketers have signaled that the cost of Premium Motor Spirit (petrol) could increase to between N680/litre!-->…
Central Bank of Nigeria Records N40.67bn Loans to Staff in 2022
The Central Bank of Nigeria (CBN) disclosed that it provided loans amounting to N40.67 billion to its staff!-->…
President Tinubu’s Administration Set to Pay N187.32bn Debt to Local…
The forthcoming administration under President Bola Tinubu is projected to allocate around N187.32 billion for!-->…
Bus Transportation Costs Surge by 98% in One Month as Fuel Price Increases
The National Bureau of Statistics (NBS) reports that the average cost of bus transportation within Nigerian cities!-->…
Nigerians Express Concern as Naira Falls and Oil Prices Rise, Fueling…
The declining value of the Nigerian naira against the US dollar, accompanied by a recent surge in global crude oil!-->…
National Pension Commission Empowers RSA Owners with Mortgage Access
The National Pension Commission (PenCom) has revealed that a total of 187 Retirement Savings Account (RSA) holders!-->…
Nigerian Exchange Collaborates for Dollar Settlement Platform to Boost Tech…
The Nigerian Exchange Limited (NGX) has revealed its partnership with the Central Securities Clearing System!-->…
Nigeria’s Telecoms Sector Faces Nearly 50% Drop in Foreign Investment, Data…
The Nigerian telecoms sector experienced a substantial decline in foreign direct investment (FDIs) in 2022, with!-->…
Nigeria’s Oil Production Drops 13.6% in July, Strains Budget and OPEC Quota…
In July 2023, Nigeria experienced a significant decline in oil production, registering a 13.6% decrease to an!-->…
Azman Air Halts Operations Amid Forex Challenges, Becoming Second Operator to…
Azman Air, an aviation company with a nine-year operating history, has ceased its operations due to challenges in!-->…
Nigerian Pension Fund Administrators Set to Engage in Securities Lending, Boosting…
The National Pension Commission (PenCom) has announced its efforts to establish regulations allowing Pension Fund!-->…
First Bank of Nigeria Holdings Amends AGM Agenda Amidst Court Order
First Bank of Nigeria Holdings has made revisions to its agenda for the upcoming Annual General Meeting (AGM),!-->…
Nigerian Naira Plunges to Record Low of N925/$1 on Parallel Market Amid Supply…
The Nigerian Naira has spiraled to an unprecedented low of N925 against the US Dollar on the parallel market,!-->…
Canadian Mining Company Silvercorp Metals Invests in Tanzanian Gold Project
Canadian mining firm Silvercorp Metals has entered into a placement agreement with OreCorp, a gold developer, to!-->…
Kenya Finalizing Selection of Lead Arrangers for New Eurobond
The Kenyan Treasury is in the final stages of selecting lead arrangers for the country's upcoming Eurobond!-->…
Lack of Access to Bank Services Hampers Non-Oil Export Growth in Nigeria
The Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Ezra Yakusak, has highlighted the!-->…
Ghana’s Inflation Reaches Four-Month High Amid Rising Food Costs
Ghana's inflation rate surged to 43.1% in July, marking the highest level in four months. The increase was!-->…
Rising Business Divestment and Closure Threatens Nigeria’s Economy
The Nigeria Employers' Consultative Association (NECA) has expressed concern about the escalating instances of!-->…