STOA Set to Buy a Minority Stake in Morocco’s Building Logistics.
STOA, a subsidiary of the French deposit and consignment fund CDC, announced a MAD330 million ($32.9 million)!-->…
Cook-a-thon: Why Guinness World Records hasn’t verified Hilda Baci’s…
A world culinary record was successfully broken by Nigerian chef Hilda Baci, and the Guinness Book of Records has!-->…
M-Kopa, an African digital credit startup, has raised $255 million in new capital.
M-Kopa, an African finance platform, announced that it had inked a total of $255 million in fresh debt and equity!-->…
The EBRD will invest in RMBV’s USD 300 million North Africa fund.
The European Bank for Reconstruction and Development (EBRD) will invest USD 60 million in RMBV's third North!-->…
BPE Partners and TSFE support the creation of a pharmaceutical distribution…
The Sovereign Fund of Egypt (TSFE), in collaboration with leading private equity firm B Investments and its!-->…
Investor protection is the SEC’s top priority in fintech regulation.
The Securities and Exchange Commission (SEC), Nigeria's leading capital market regulator, has stated that one of!-->…
Ekiti is Classified as Flood-prone by NEMA.
The National Emergency Management Agency has issued a flood warning for Ekiti State, citing higher rainfall in the!-->…
PFAs’ exposure to FGN securities increased 17% to N29.66 trillion as…
The increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) in an effort to combat!-->…
Investors question projected exit pricing for Union Bank and Oando purchases.
Investors in Nigeria's capital market are unhappy with the exit prices proposed by Titan Trust Bank Limited and!-->…
Contributory Pensions Increased to N590bn in Q1.
According to National Pension Commission data, the assets under the Contributory Pension Scheme increased by N590!-->…
In one week, stock investors lost N136 billion.
At the end of last week's trading on the Nigerian Exchange Limited, stock investors lost N136 billion.The!-->…
States paying outgoing government pensions owe N3 trillion in debt.
Despite increasing debts and unpaid wages for workers, no fewer than 18 departing state governors will retire into!-->…
Oil theft and shutdowns cost Nigeria N313 billion, and operators call for harsh…
Nigeria's oil production output has drastically decreased as a result of rising oil thefts and labor unrest,!-->…
The Nigerian President’s Order has Delayed the Return of the Benin Bronzes.
A presidential decree naming a royal ruler as the owner and custodian of all returned artifacts caused a British!-->…
PENGASSAN Warns that Power Supply Crisis in Nigeria may Linger.
According to the Petroleum and Natural Gas Senior Staff Association of Nigeria, Nigerians who are hoping for!-->…
Nigeria’s April Oil Production Fell Below 1mln bpd.
Following a strike at Exxon Mobil's local facilities, Nigeria's oil production dropped below 1 million barrels per!-->…
FEC Authorizes Additional N129 billion for the Ogoni Remediation.
The Federal Economic Council authorized the expenditure of N129.8 billion for a number of projects within the!-->…
NDDC Supports the Senate’s Proposal to look into N1tn Spending.
The Niger Delta Development Commission applauded the Senate for taking action to investigate the agency's account!-->…
Nigeria Leaders Receive N651m Hardship Allowance.
According to research, state governors, including vice president Yemi Osinbajo, may have received around N651.2!-->…
CBN: Debt Servicing Hits $112m Monthly.
The Federal Government spent $112.35 million in January 2023 repaying external debt. According to information from!-->…
UN: Trade is Crucial for Implementing the 2030 Agenda.
Guy Ryder, the Undersecretary-General for Policy in the United Nations Secretary-General's Executive Office,!-->…
Otedola Fumes Over Transcorp Deal.
Femi Otedola, a multibillionaire businessman, claimed on Tuesday that his offer to pay N250 billion for the!-->…
KCB Group Modifies its Investment in NSSF.
The National Social Security Fund (NSSF) sold shares valued at Sh837.2 million in the three months prior to!-->…
CBN Penalizes Shipping Companies that Export Illegal Cargoes from Nigeria.
CBN Governor, Godwin Emefiele, while speaking at the RT200 non-oil export summit 2023 in Abuja with the theme!-->…
Seplat is Mandated to have an Annual General Meeting by the Court.
The annual general meeting of the local energy company Seplat Energy Plc has been mandated by an Abuja-based!-->…
The NCC Approves the Lease of NTEL’s Spectrum to MTN.
MTN Nigeria is given permission by the Nigerian Communications Commission to lease spectrum from Natcom!-->…
Fashola Reports that 383,431 Jobs were Created in Six Years.
Fashola said that from 2016 to 2022, 383,431 jobs were created through the government's infrastructure renewal,!-->…
FG Orders Private Aircraft to Leave Abuja International Airport.
Prior to the new government's anticipated May 29, 2023,inauguration, the Federal Airport Authority of Nigeria has!-->…
IMF Cautions Nigeria that Foreign Loans will Decrease.
Nigeria has been forewarned by the International Monetary Fund to prepare for a substantial decrease in foreign!-->…
CBN’s ‘RT200’ Strategy Increases Fund Repatriation by 40%,…
Godwin Emefiele, the governor of the Central Bank of Nigeria, claimed that the bank's 'Race to USD200bn In FX!-->…