FAAC Shares N966.11 Billion Among Federal, State, and Local Governments in July…
In July, the Federation Account Allocation Committee (FAAC) distributed a total of N966.11 billion to the Federal,!-->…
Over 20 Listed Nigerian Companies Penalized for Late Filing of 2022 Audited…
According to the X-Compliance Report, a transparency initiative by The Nigerian Exchange Limited (NGX), over 20!-->…
Naira Depreciates on Parallel Market, CBN Directs Banks to Stop FCY Secured Naira…
The Nigerian naira experienced depreciation to N910 to a dollar on the parallel market, compared to N850 on the!-->…
Nigerian Equities Market Reopens on Positive Note, Market Capitalization Rises by…
The Nigerian equities market started on a positive note as it reopened, with gains recorded in BuaFoods, Stanbic!-->…
Moniepoint Receives Regulatory Approval for Acquisition of Kopo Kopo to Expand…
The Competition Authority of Kenya (CA) has granted regulatory approval to Moniepoint Inc. for its acquisition of!-->…
Goldman Sachs Explores Sale of Wealth Management Unit as It Refocuses on…
Goldman Sachs is considering the sale of a portion of its wealth management business, signaling a shift in its!-->…
Dollar Retreats from 10-Week Highs as Risk Appetite Recovers Amid Bond Yield Surge…
The U.S. dollar has eased from its recent 10-week highs as global risk appetite rebounded following a jump in U.S.!-->…
European Business Lobby Urges China for Clarity on Economic Plans and National…
The European Chamber of Commerce in China, an influential business lobby, is calling on Beijing to provide a clear!-->…
U.S. Stock Futures Rise on Nvidia Optimism and Easing Bond Yields”
U.S. stock index futures have shown positive movement as optimism regarding Nvidia's upcoming earnings report!-->…
S&P Global Downgrades U.S. Regional Banks Due to Funding Costs and CRE Sector…
S&P Global has taken action to downgrade credit ratings and outlooks for several U.S. regional banks, citing!-->…
Pilot Union Division: Advocates Push for Extended Retirement Age Amidst Concerns
The Air Line Pilots Association (ALPA), a long-standing pilot union, faces internal division as a faction of!-->…
JP Morgan Challenges Nigeria’s FX Reserve Figures, Cautiously Optimistic on…
JP Morgan, a global financial services firm, has raised concerns over Nigeria's reported foreign exchange (FX)!-->…
LCCI Urges Shift Towards Asset-Linked Debt, Calls for Economic Reforms
The Lagos Chamber of Commerce and Industry (LCCI) has put forth a recommendation for the Federal Government to!-->…
New Minister of Finance and Economy Promises to Address Reforms Pain
Wale Edun, the recently appointed Minister of Finance and Coordinating Minister of the Economy, resumed his duties!-->…
Nigerian Government Vows to Resuscitate Ajaokuta Steel Company
Nigeria's Minister of Steel Development, Shuaibu Audu, has emphasized the need to revive the Ajaokuta Steel!-->…
Stakeholders Call for Urgent Revival of Nigeria’s Refineries to Ease Fuel…
Stakeholders in Nigeria have called on the federal government to take immediate action to reactivate the country's!-->…
Arbitrary Increases in Petrol Prices Seen in Some Nigerian States – NBS
Several states in Nigeria are facing arbitrary increases in the pump price of petrol beyond the official!-->…
Nigeria Could Make up to $17 Billion by Selling Stake in Oil and Gas Assets…
According to a report by JP Morgan, the Nigerian government could raise up to $17 billion if it sells down its!-->…
China Cuts One-Year Lending Rate, But Surprises by Keeping Five-Year Rate…
China has taken steps to stimulate credit demand by reducing its one-year benchmark lending rate, lowering it by!-->…
Oil Prices Rise on Tightening Supply Amid Global Demand Concerns
Oil prices increased on Monday due to tightening global supply resulting from lower exports by major oil-producing!-->…
Kenyan Banks Oppose Government Plan to Raise Threshold for Reporting Large Cash…
Kenyan commercial banks have expressed opposition to a government plan to increase the threshold for reporting!-->…
Founders Factory Africa Raises $114 Million to Scale Its Impact in African Tech…
Founders Factory Africa (FFA), a South African early-stage accelerator and investor, has secured $114 million in!-->…
RMB Corvest and Umoya Capital Partners Acquire Stake in Sants Private Higher…
RMB Corvest and Umoya Capital Partners have jointly acquired a significant minority stake in Sants Private Higher!-->…
AFC Invests in East Africa’s Oil and Gas Downstream Player for More…
Africa Finance Corporation (AFC), a prominent infrastructure solutions provider in Africa, has announced its!-->…
Ghana Faces Rising Interest Rates on Government Securities Amid Debt Restructuring…
Ghana has experienced a rise in interest rates on government securities, with the interest on the 91-day treasury!-->…
Kenya Reports Slowest Growth in VAT Collections in 10 Years
Kenya has experienced the slowest growth in collections from value-added tax (VAT) in a decade, attributed to!-->…
ECOWAS Rejects Niger’s Proposed Three-Year Transition Plan by Military Junta
The Economic Community of West African States (ECOWAS) has declined to accept a proposed three-year power!-->…
NEPC Launches Youth-for-Export Program to Harness Youths’ Export Potential
The Nigerian Export Promotion Council (NEPC) has introduced a youth-for-export program aimed at involving young!-->…
CBN Disburses N37.6 Billion in Loans to Mortgage Banks in 2022
The Central Bank of Nigeria (CBN) has provided loans and advances totaling N37.6 billion to mortgage banks in!-->…
Experts Call for Widening Tax Net to Boost Nigeria’s Revenue Base
Amid Nigeria's challenges in income generation, experts have emphasized the need for the Federal Government to!-->…