EIU Warns CBN Lacks Sufficient Firepower to Clear $6 Billion Forex Backlog
The Economic Intelligence Unit (EIU) cautions that the Central Bank of Nigeria (CBN) lacks the necessary capacity…
Nigeria Expects “Immediate” Multi-Billion-Dollar Investments from…
Nigeria anticipates "immediate" multi-billion-dollar investment flows from Saudi Arabia after signing an agreement…
Nigeria’s Communications Commission Stresses Internet Connectivity for SMEs,…
The Nigerian Communications Commission (NCC) emphasizes the crucial role of internet connectivity in fostering…
Nigeria Manufacturing Expo Aims to Boost Local Raw Material Sourcing
The Nigeria Manufacturing and Equipment Expo (NME) and Nigerian Raw Materials Expo (NIRAM), organized by the…
NNPC Brokers Peace Deal Between TotalEnergies and Oil Unions, Resumes 275,000 BPD…
The Nigerian National Petroleum Company Limited (NNPC) announced on Sunday that it mediated a peace deal to…
Dangote Refinery Secures License to Process 300,000 Barrels of Nigerian Crude…
Aliko Dangote, Africa's richest person, announced that the Dangote refinery has obtained a license to refine more…
KPMG Forecasts Nigeria’s Headline Inflation to Reach 30% by December 2023…
KPMG predicts that Nigeria's headline inflation will escalate to 30% by December 2023, citing recent reforms such…
Central Bank of Nigeria Affirms Legal Tender Status of All Banknotes Amidst…
The Central Bank of Nigeria (CBN) has issued a statement reiterating that all banknotes, both old and redesigned,…
China-Nigeria Bilateral Trade Volume Reaches $17.25 Billion in First Three…
The Consul General of China in Lagos, Yan Yuging, has revealed that the bilateral trade volume between China and…
Spanish Navy Renews Commitment to Collaborate with Nigerian Navy in Gulf of Guinea
The Spanish Navy has expressed its dedication to working in partnership with the Nigerian Navy to address maritime…
Dubai’s Foreign Direct Investments in Kenya Surge to $253 Million in Five…
Kenya has seen a substantial increase in foreign direct investments (FDIs) from Dubai, with the total reaching…
British International Investment (BII) to Sell 10.13% Stake in I&M Group to…
UK development finance institution British International Investment (BII) has entered into an agreement to sell…
Nigeria’s Top Banks Experience Surge in Customer Deposits Amidst Increased…
Nigeria's five largest banks have witnessed a notable surge in customer deposits this year, outpacing the growth…
African Development Bank President Highlights Africa’s Pivotal Role in the…
Akinwumi Adesina, President of the African Development Bank (AfDB) Group, emphasized the critical role Africa…
Nigeria Faces Quality Seed Shortage, Hindering Agricultural Productivity
Despite having 314 registered seed companies, Nigeria, Africa's most populous country, is grappling with a…
Central Bank of Nigeria Reassures Availability of Cash, Affirms Legal Tender of…
The Central Bank of Nigeria (CBN) has issued a statement assuring the public of the continued availability of…
MTN Expects Nigeria’s Economic Reforms to Yield Growth by Mid-2024
MTN Group Ltd., Africa's largest wireless company, anticipates that Nigeria's economic reforms, spearheaded by…
Africa’s Role in the $57 Trillion Electric Vehicle Market: Opportunities and…
Akinwumi Adesina, President of the African Development Bank Group, emphasized Africa's pivotal position in the…
Nigeria Considers Using NLNG Dividends to Bolster Economy and Naira Value
The Bola Ahmed Tinubu-led federal government in Nigeria is exploring the possibility of utilizing dividends…
01 Advisors Raises $395M for Series B-Stage Startups: A Shift in Venture Focus
01 Advisors, founded by former Twitter CEO Dick Costolo and COO Adam Bain, along with Facebook veteran David…
Emerging Africa Infrastructure Fund Commits $48 Million for West Africa’s First…
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has…
Inspired Evolution Fund, FMO, and STOA Acquire 75% Stake in Red Rocket Group
Inspired Evolution’s Evolution III Fund, in collaboration with Dutch Development Bank FMO and STOA Infra and…
Rivian Shows Promising Q3 Results: Revenue Surges, Losses Narrow
Rivian, the electric vehicle (EV) manufacturer, has released its third-quarter results, showcasing significant…
Nigeria’s Maritime Security Crucial for Tapping into $2.5 Trillion Blue…
Bashir Jamoh, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), emphasized the…
Revitalizing Nigeria’s Oil and Gas Sector: Challenges and Imperatives
The Nigerian government is pinning hopes on the oil and gas sector to stabilize the devalued naira, but the…
Total Energies’ Dividends Surge as Earnings and Cash Flow Strengthen
Total Energies Plc, a downstream firm, has demonstrated a robust dividend payout trend since 2006, with a…
Revitalizing Nigeria’s Oil and Gas Sector: Challenges and Imperatives
The Nigerian government is pinning hopes on the oil and gas sector to stabilize the devalued naira, but the…
Nigeria’s High Drug Import Tariffs: A Barrier to Essential Medicines for…
Steep tariffs on imported drugs in Nigeria are driving up prices, making essential medicines for non-communicable…
African Startup Funding Sees Decline in October, Nigeria Lags Behind Peers
Funding activity for startups in Africa, particularly Nigeria, witnessed a decline in October. While there was a…
Atedo Peterside Criticizes Nigerian Government’s Lavish Spending Amid…
Atedo Peterside, in an exclusive interview with BusinessDay, has voiced his criticism of the Nigerian government's…