OPEC Petroleum Export Revenues Soar to a Nearly Decade High Amidst Geopolitical…
Petroleum export revenues from the Organization of the Petroleum Exporting Countries (OPEC) reached their highest!-->…
Nigeria’s LNG Exports Dip Due to Flooding, Emerges as Seventh Global…
The International Gas Union (IGU) reported that Nigeria's Liquefied Natural Gas (LNG) export declined by 1.8!-->…
Federal Government and Lagos State Commence Demolition of Shanties and Extortion…
The Nigerian Ports Authority (NPA), in collaboration with the Lagos State Government, has initiated a joint!-->…
Nigeria’s Non-Oil Exports Experience Slight Dip in H1 2023
The Nigerian non-oil export sector recorded a marginal decrease in export value, amounting to $2.54 billion,!-->…
Nigeria’s Inflation Hits 17-Year High Amid Ongoing Rise
Nigeria's headline inflation rate has reached a 17-year high, rising for the sixth consecutive time to 22.79% in!-->…
Mobile Money Agents in Nigeria Stand Firm on Implementing New Price Framework
Despite facing criticism and threats of sanctions, the Association of Mobile Money and Bank Agents in Nigeria!-->…
Access Bank and Standard Chartered Bank Finalize Agreement for African…
Access Bank Plc and Standard Chartered Bank have reached an agreement for Access Bank to acquire Standard!-->…
Geregu Power Makes N8.78bn Advance Payment to Italian Firm for Turbine Overhaul
Geregu Power Plc, a power generating company in Nigeria, revealed that it has made advance payments totaling!-->…
Manufacturers and Students Struggle to Access Forex as Naira Exchange Rate Hits…
Despite recent reforms under the Bola Tinubu administration, Nigerian manufacturers and businesses are still!-->…
AFIG Funds and Norfund Successfully Complete Acquisition of Ivorian Packaging…
A consortium of investors led by AFIG Funds and Norfund has successfully completed the acquisition of Nouvelle!-->…
Endeavour Mining Divests 90% Stake in Burkina Faso Mines to Lilium Mining for $300…
In a strategic move, UK-based Endeavour Mining has sold 90% stakes in its Boungou and Wahgnion mines in Burkina!-->…
Amea Power Secures $75 Million Funding from SoftBank Group for Expansion
Dubai-based renewable energy company, Amea Power, has successfully secured a $75 million equity funding round from!-->…
Millions of Poor Nigerians Excluded from Cash Transfer Program: World Bank Report
The World Bank's Nigeria Development Update for June 2023 reveals that over 42.69 million poor Nigerians have been!-->…
Unveiling the Root Causes of Building Collapses in Lagos: World Bank Report
The World Bank's report on housing regulatory framework standards in sub-Saharan Africa reveals that the frequent!-->…
Central Bank of Nigeria Records Significant Recovery in Intervention Program…
The Central Bank of Nigeria (CBN) has achieved a remarkable milestone in its intervention programs, announcing the!-->…
Financial Services Stocks Drag Nigerian Bourse, Market Capitalization Declines by…
The Nigerian bourse experienced a downturn last week as losses in FBN Holding Plc, Ecobank Transnational!-->…
Concerns Mount Over Power Tariff Review Amid Rising Subsidy Costs
The Nigerian Electricity Regulatory Commission (NERC) has reported that the Federal Government's spending on!-->…
Manufacturers Association of Nigeria Raises Concerns Over Exclusion from Smart…
The Manufacturers Association of Nigeria (MAN) has voiced its apprehensions over the impending displacement of!-->…
Access Bank to Acquire Standard Chartered’s Sub-Saharan Subsidiaries
Access Bank Plc has recently entered into an agreement to purchase the sub-Saharan subsidiaries of Standard!-->…
Rising Government Borrowing Pushes up Loan Costs for Kenyan Households and…
The Kenyan government's increasing reliance on more expensive domestic loans has resulted in higher interest rates!-->…
Improved Liquidity in Kenyan Market Lowers Interbank Rates
The interbank rate in Kenya has dropped from double-digit levels to 8.62 percent, following improved liquidity in!-->…
Ghanaian Government Plans to Dispose of 17 Defunct State-Owned Enterprises
The Ministry of Public Enterprises in Ghana has announced plans to dispose of 17 defunct state-owned enterprises,!-->…
Nigerian Power Distribution Companies Apply for Tariff Review
The Federal Government has announced that the 11 power distribution companies (Discos) in Nigeria have submitted!-->…
Nigeria’s Crude Oil Earnings Rise to N1.68tn in June as Output Increases
Nigeria's crude oil earnings reached over N1.68tn in June 2023 due to an increase in the country's oil output,!-->…
Central Bank of Nigeria Directs IMTOs to Pay Out Using I&E Window Rate
The Central Bank of Nigeria (CBN) has issued a directive requiring International Money Transfer Operators (IMTOs)!-->…
Central Bank of Nigeria Upgrades eNaira App with NFC Technology
The Central Bank of Nigeria (CBN) has enhanced its eNaira app by integrating Near Field Communication (NFC)!-->…
Declining Foreign Investments Pose Challenges for Nigeria’s Manufacturing…
Foreign investments in Nigeria's manufacturing sector witnessed a significant drop of 35% from $392.5 million in!-->…
Access Bank Completes Acquisition of Majority Stake in Finibanco Angola…
Access Bank Plc, the flagship subsidiary of Access Holdings, has successfully completed its acquisition of a!-->…
Dangote Cement Expands Production Capacity in Itori, Ogun State, and Across Africa
Dangote Cement has announced its plans to expand production capacity through the construction of a new integrated!-->…
Central Bank of Nigeria Introduces Naira Payout Option for Diaspora Remittances
The Central Bank of Nigeria (CBN) has announced the inclusion of the Naira as a payout option for recipients of!-->…