B54 Introduces Alternative Funding for African Startups with Digital Private Bank…
Lagos-based fintech B54 is addressing the funding challenges faced by startups in West Africa by providing an…
Russia’s Largest Oil and Gas Exporters Experience 41% Drop in Revenues
Russia's largest oil and gas exporters faced a significant challenge as their total revenues plummeted by 41%…
Nigerian Senate Threatens EFCC Involvement to Recover N135 Billion CBN Gas…
The Nigerian Senate has issued a threat to involve the Economic and Financial Crimes Commission (EFCC) in the…
Nigerian Ports Authority Emphasizes Compulsory Vessel Pilotage Regime to Boost…
Mohammed Bello-Koko, the Managing Director of the Nigerian Ports Authority (NPA), has highlighted the…
FirstBank Group Appoints Olukorede Adenewo as Managing Director of FirstBank UK
FirstBank Group has appointed Olukorede Adenewo as the Managing Director of FirstBank UK, effective from November…
Economic Challenges May Hinder Nigerian Insurance Sector’s Ambitious…
The Nigerian insurance sector's plans to generate a premium of N148.30 billion from third-party motor insurance…
Tribute Paid to Late Christopher Ogunbanjo for Contributions to Nigerian Capital…
A special tribute session and closing-gong ceremony were held at the Nigerian Exchange Limited (NGX) to honor the…
NGX Records Bullish Performance, Gains N51 Billion in Market Cap
The Nigerian Exchange Limited (NGX) continued its bullish trend, recording a 0.11% increase in the All-Share…
Nigerian Equities Market Rises by 0.11% Boosted by Top Advancers
The Nigerian equities market recorded a 0.11% increase, attributed to the positive performance of key advancers…
Nigeria Faces Challenges Meeting OPEC+ Oil Production Target, Independent…
Nigeria is encountering difficulties in meeting its oil production target set by OPEC+ for 2024, as revealed by…
SBG Securities Ceases Coverage on Sub-Saharan African Food Producers Amidst…
SBG Securities Research, a member of the Standard Bank Group, has announced that it will no longer provide…
Slowdown in Nigeria’s ICT Sector: Factors and Implications
Nigeria's Information and Communication Technology (ICT) sector, a key driver of economic growth for over five…
Surge in Pension Fund Transfers: Navigating Opportunities and Challenges
The Nigerian pension landscape has witnessed a significant shift as 178,164 contributors, managing a total of…
Nigeria’s 2024 Budget Deficit Challenges: Balancing Subsidy Removal Gains…
Despite the removal of fuel subsidies, Nigeria faces a historic budget deficit of N9.18 trillion in 2024,…
Equinor Sells Nigerian Business to Chappal Energies: A Shift in Oil and Gas…
Norwegian energy company Equinor has reached an agreement to sell its Nigerian business, including its stake in…
Nigeria Aims to Reduce Budget Deficit in 2024 Through Bold Reforms
Nigeria's President Bola Tinubu has unveiled ambitious plans to narrow the country's budget deficit to…
Transparency Gap: Analysis Reveals Discrepancies in Climate Finance Reporting
A recent analysis by the ONE Campaign, a non-profit advocacy group, has unveiled significant discrepancies in the…
Bola Tinubu Appoints New Board and Management Team for NNPC Limited
President Bola Tinubu has appointed a new Board and Management team for the Nigerian National Petroleum Company…
FEC Approves N27.5 Trillion for 2024 Appropriation Bill
President Bola Tinubu presided over the Federal Executive Council (FEC) meeting, where the approval of the sum of…
Zenith Bank Signs MoU with French Government to Establish Subsidiary in France
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French government to establish a…
High Development Costs Keep Many Marginal Fields in Nigeria Dormant
Several marginal oil fields in Nigeria remain undeveloped years after being awarded to companies due to the…
Delisting of Union Bank from NGX Results in N132bn Market Capitalization Loss
The delisting of Union Bank of Nigeria's shares from the Nigerian Exchange Limited (NGX) led to a N132 billion…
Fintech Firm BFREE Explores Acquisition of Distressed Loan Portfolios from Union…
BFREE, a German-Nigerian fintech firm, has signed a Memorandum of Understanding (MoU) with Union Bank of Nigeria…
Kenyan Tier-1 Banks Increase Loan-Loss Provisions by 45.8% in Q3 2023 Amid…
Summary: Eight tier-1 banks in Kenya, including Equity, KCB, and Stanbic, have collectively increased their…
Court of Appeal Denies East Africa Portland Cement Relief, Upholds Attachment of…
East Africa Portland Cement Company (EAPCC) has faced a setback as the Court of Appeal declined to lift an order…
President Ruto’s Administration Proposes Sale of 11 Parastatals Worth Over…
President William Ruto's administration is taking a significant step towards economic reform by proposing the sale…
Treasury Introduces Regulatory Fee on Online Forex Brokers to Boost CMA Revenue
The Kenyan Treasury, led by Cabinet Secretary Njuguna Ndung’u, has implemented regulatory changes affecting online…
Bank of Ghana Maintains Monetary Policy Rate at 30% Amidst Inflation Deceleration
The Bank of Ghana (BoG) has announced the decision to maintain the monetary policy rate at 30%, marking the…
Ghana’s Public Debt Declines to GHS 567.3 Billion in September 2023
Ghana's public debt has decreased to GHS 567.3 billion as of September 2023, reflecting a GHS 14.2 billion…
Kenyan Parliament Sets Ultimatum for Treasury and Central Bank to Stabilize…
Kenya's Parliament has issued a directive to the Treasury and the Central Bank of Kenya (CBK) to stabilize the…