EKEDC Assures Refund to Meter Scheme Participants
The Eko Electricity Distribution Company (EKEDC) has announced that customers who paid for meters under the Meter…
Setbacks in African Tech Startups Impact Investor Confidence
The closure of several once-promising startups in the African tech ecosystem, including fintechs Payday and Dash,…
Central Bank of Nigeria Lifts Restrictions on 43 Prohibited Items, Aims to…
The Central Bank of Nigeria (CBN) has granted approval for the importation of 43 items previously prohibited from…
Export Expansion Grant Backlogs and Bureaucracy Hamper Nigeria’s Revenue…
The Export Expansion Grant (EEG), Nigeria's primary incentive scheme for exporters, has faced challenges including…
Nigeria Achieves Highest Crude Oil Output in 2023 at 1.35 Million Barrels/Day
Nigeria's crude oil production reached an all-time high of 1.35 million barrels per day in September 2023, marking…
Insurers Prepare for Transition to IFRS17 Reporting
As the December 31, 2023 deadline approaches, insurers are gearing up for the transition from the IFRS4 model to…
Citigroup Advises CBN to Remove Forex Restrictions on 43 Items
Citigroup has recommended that the Central Bank of Nigeria (CBN) should lift restrictions on foreign exchange…
Deployment of N50bn Modular Floating Dock to Prevent N300bn Capital Flight and…
Stakeholders in the maritime industry are advocating for the deployment of a N50 billion modular floating dock,…
Manufacturing Sector in Kenya Faces Challenges with Over 30 Plant Shutdowns
More than 30 manufacturing companies in Kenya have shut down production plants within a decade, indicating the…
Acceldata Raises $10 Million in Series C Extension, Bringing Total Funding to Over…
Data observability startup Acceldata has secured an additional $10 million in an extension to its Series C round,…
Cybersecurity Startup Gutsy Emerges from Stealth with $51 Million Seed Round
Gutsy, a cybersecurity startup founded by the team behind Twistlock, has emerged from stealth with a $51 million…
Contract Management Startup Harbour Raises $15 Million in Series A Funding Round
Contract management startup Harbour has raised $15 million in a Series A funding round, bringing its total raised…
Pair Eyewear Raises $75 Million in Series C Funding to Expand Automated…
Direct-to-consumer customizable eyewear brand, Pair Eyewear, has secured $75 million in a Series C funding round.…
Former CBN Deputy Governor Advises Against Free Floating Naira
Dr. Tunde Lemo, a former Deputy Governor of the Central Bank of Nigeria, has cautioned against allowing the naira…
Portfolio Investment in Nigeria Plummets by Over 80% in Q2 2023
According to the latest report from the National Bureau of Statistics, portfolio investment inflow into Nigeria…
Nigerian Domestic Airlines Advocate for Jet Fuel Importation License and Forex…
The Airline Operators of Nigeria (AON), representing domestic airlines, have urged the Federal Government to grant…
Nairagram Partners with CBN, Sebastian BDC, and Keystone Bank to Address FX…
Nairagram, a licensed International Money Transfer Operator, has entered into a partnership with the Central Bank…
NNPC Partners with Four Consortia for Pipeline Rehabilitation on Build, Operate,…
The Nigerian National Petroleum Company Limited (NNPCL) has announced that four consortia will finance the…
Nigerian Government Approves Appointment of Retired Healthcare Workers on Contract
The Nigerian government has given the green light for the appointment of retired doctors, nurses, and other…
Nigerian Government Plans to Open Petrol Stations Along Border Areas
The Acting Comptroller General of Nigeria Customs Service, Adewale Adeniyi, has announced that the Federal…
Nigerians Anxiously Await Report on Central Bank Investigation
Nigerians are growing increasingly anxious as they await the report of the Jim Obazee panel appointed to…
Nigerian Cement Makers Enter Pricing Battle as BUA Cuts Prices
Nigerian cement manufacturers are gearing up for a potential pricing war after BUA Cement announced a significant…
Escalating Israel-Hamas Clashes Propel Oil Prices Upward
Oil prices surged by over $4 per barrel in early Asian trading due to escalating military clashes between Israeli…
Ajaokuta Steel Complex Nearing Completion, Promises 500,000 Jobs, says President…
President Bola Tinubu has announced that the Ajaokuta Steel Complex, a long-abandoned project, is nearing…
Enza Capital Closes $58 Million Across Two Funds to Back African Startups
Nairobi-based venture capital firm Enza Capital has successfully raised $58 million across two funds dedicated to…
Gaia Impact Achieves First Closing of €40 Million for Gaia Energy Impact Fund II
Gaia Impact, in partnership with Capital Croissance, Schneider Electric, Capelan, and Investisseurs &…
CrossBoundary Access and Mobile Power Partner to Bring Affordable Energy Access to…
CrossBoundary Access and Mobile Power have formed a $10 million partnership to deploy Mobile Power's MOPO Hubs in…
Peach Payments Secures €29M Funding for African Digital Payment Services
Baobab Payments GmbH, known as Peach Payments, has successfully concluded a €29 million funding round led by Apis…
Lillian Kidane Appointed as Regional Director for Africa at Dalberg Advisors
Global impact consultancy, Dalberg Advisors, has named Lillian Kidane as the new Regional Director for its Africa…
Carlyle Co-Founders Back New Africa-Focused Fund with $140 Million
A team that spun out of Carlyle Group Inc., a global private equity firm, has received backing from Carlyle's…