U.N. Chief Warns of “Great Fracture” in Global Economic Systems
U.N. Secretary-General António Guterres has cautioned about the risk of a "great fracture" in the world's economic!-->…
Bank-Owned Brokers Outperform Standalone Counterparts in Profits
Bank-owned stockbrokers and investment banks, supported by alternative revenue streams, have outperformed!-->…
KCB Group to Infuse $100 Million into KCB Bank Kenya for Recapitalization
KCB Group, a major financial institution, is planning to inject $100 million (approximately Sh14.5 billion) into!-->…
MetaMask Adds Cash-Out Feature, Allowing Users to Convert Crypto to Fiat
MetaMask, the largest self-custodial internet-connected wallet with over 22 million users, has introduced a!-->…
500 Global Closes $143M for Largest Southeast Asia Early-Stage Fund
500 Global, a venture firm and seed accelerator, has successfully closed a $143 million financing round for its!-->…
Shell Executive Notes Significant, Though High, Reduction in Global LNG Prices
Steve Hill, the Executive Vice President at Shell, acknowledged a significant but still historically high!-->…
Nigeria Secures $14 Billion Pledges from Indian Investors, Eyes Economic…
Nigerian President Bola Tinubu has garnered pledges of nearly $14 billion from Indian investors, signaling a!-->…
G20 to Grant Permanent Membership to African Union
The G20, a grouping of major world economies, has reportedly agreed to grant permanent membership to the African!-->…
Nigerian Minister Pledges to Review Land Use Act in Collaboration with World Bank
The Nigerian Minister of Housing and Urban Development, Mr. Ahmed Musa Dangiwa, has affirmed his commitment to!-->…
Nigerian Postal Service Unveils Commemorative Stamp for Pan African Postal Union…
The Nigerian Postal Service (NIPOST) has introduced a commemorative stamp valued at N255 to mark the launch of the!-->…
Nigerian Government Increases Pre-paid Electricity Meter Prices Amid Public…
The Federal Government of Nigeria has announced a rise in the prices of single-phase and three-phase pre-paid!-->…
Tribunal Upholds Bola Tinubu’s Presidential Victory; Dismisses Petitions
The Presidential Election Petition Tribunal has validated Bola Tinubu's victory in Nigeria's February election,!-->…
President Tinubu Advocates $10 Billion Annual Investment for Nigeria’s…
During the Africa Climate Summit held in Kenya, President Bola Tinubu emphasized the need for an annual investment!-->…
Fire Outbreak Causes Chaos at Murtala Muhammed Airport’s International Wing
Confusion and panic gripped the international wing of Murtala Muhammed Airport following a fire outbreak in one of!-->…
PZ Cussons Offers to Buy Out Minority Shareholders of PZ Cussons Nigeria, Aims to…
PZ Cussons, the soap maker, has announced its intention to acquire the remaining 26.73% stake held by minority!-->…
IT Software Management Startup Josys Raises $93 Million in Series B Round
1. Funding for IT Software Automation: Josys, a startup specializing in software-as-a-service (SaaS) solutions for!-->…
Wayflyer Secures $1 Billion Capital Injection from Neuberger Berman
E-commerce financing provider Wayflyer has successfully secured $1 billion in capital from investment management!-->…
IMF Recommends South Korea Maintain Restrictive Policies to Tackle Inflation and…
The International Monetary Fund (IMF) has advised South Korea to retain its current restrictive monetary and!-->…
G7 and Allies Pause Reviews of Russian Oil Price Cap Scheme
The G7 and its allies have halted their regular reviews of the Russian oil price cap scheme, despite Russian crude!-->…
Nigerian Presidential Election Tribunal to Rule on Tinubu’s Victory
Nigeria's presidential election tribunal is set to announce its decision on Wednesday regarding Bola Tinubu's!-->…
African Development Bank Commits $25 Billion to Climate Finance by 2050
The President of the African Development Bank, Akinwunmi Adesina, has announced that the institution is committing!-->…
UAE Announces $4.5 Billion Initiative to Boost Africa’s Clean Energy…
The COP28 President-Designate, Dr. Sultan Al Jaber, has unveiled a new initiative from the United Arab Emirates!-->…
Nigeria Holds $8.25 Billion Undisbursed World Bank Loan as of July 2023
Nigeria currently holds approximately $8.25 billion in undisbursed loans from the World Bank as of July 2023,!-->…
FMDQ Records Impressive Forex Turnover of $44 Billion in First Seven Months of…
According to the August edition of FMDQ Spotlight, the FMDQ (FMDQ Securities Exchange) reported an outstanding!-->…
Oil Prices Inch Higher Amid Anticipation of Supply Tightening
Oil prices saw marginal gains, with Brent crude November futures rising by 3 cents to reach $88.58 a barrel, while!-->…
Nigeria’s External Reserves Experience Marginal Uptick in August 2023″
In August 2023, Nigeria's external reserves saw a slight increase of $1.87 million, attributed to the Central Bank!-->…
Nigeria Aims to Submit 2024 Budget to Parliament by October End
The Ministry of Budget and Economic Planning has revealed plans to present the 2024 budget to the House of!-->…
Nigeria’s Business Activity Slumps Amidst Inflation and Currency Woes”
Rising inflation and currency instability have led to a significant downturn in business activities in Nigeria, as!-->…
Nigerian Energy Firm Oando to Acquire Nigerian Agip Oil Company (NAOC) from Eni
Nigerian energy company Oando is set to acquire the Nigerian Agip Oil Company (NAOC), a subsidiary of Italian!-->…
Foreign Firms Repatriated $5.86 Billion from Nigeria Between October 2022 and…
Foreign firms repatriated $5.86 billion from the Nigerian economy between October 2022 and March 2023, with $5.13!-->…