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…
Hero MotoCorp to Invest Up to $66.5M in Electric Vehicle Startup Ather Energy
Hero MotoCorp, the world's top two-wheeler maker, plans to invest up to $66.5 million in Ather Energy, an Indian…
Kotani Pay Raises $2M to Facilitate Cross-Border Remittances in Africa Using…
Nairobi-based Kotani Pay has raised $2 million in a pre-seed funding round led by P1 Ventures, with participation…
Unconventional Ventures Targets €30 Million to Invest in Impact Tech Startups in…
Unconventional Ventures (UV), a venture capital fund focused on impact tech companies with diverse founding teams,…
Universal Music Group to Acquire Chabaka in MENA Expansion
Universal Music Group (UMG) is set to acquire Chabaka, a UAE-based music company that offers digital distribution,…