Nigeria’s GDP Grows by 2.54% in Q3 2023, Driven by Services Sector
Nigeria's Gross Domestic Product (GDP) grew by 2.54% year-on-year in real terms in the third quarter of 2023,…
Dangote’s $20 Billion Refinery to Start with 350,000 Barrels Per Day
Aliko Dangote, the President/CEO of Dangote Group, has revealed that the $20 billion Dangote refinery in Lekki,…
Companies Raise Salaries by 18.35% to Combat Inflation in Nigeria
Companies in Nigeria increased the salaries of their employees by 18.35% to N29.45 trillion in the first half of…
VC Firm Saviu Ventures Raises €12 Million for Second Fund Focused on Francophone…
Saviu Ventures, a venture capital firm targeting startups in Francophone Africa, has secured an initial close of…
Bpifrance Joins Mediterrania Capital Partners’ MC IV Fund with €350 Million…
Bpifrance, the French public investment bank, is set to join the MC IV fund of Mediterrania Capital Partners…
Africa Go Green Fund (AGG): Driving Private Investments for Sustainable…
The Africa Go Green Fund (AGG), initiated by KFW on behalf of the German government, focuses on promoting private…
Finnfund Invests €2 Million in Fibertime Group to Boost Township Fibre Internet…
Finnish development financier Finnfund has invested €2 million (approximately R39.9 million) in the Fibertime…
FrontEdge Raises $10 Million to Boost Cross-Border Trade Financing for African…
FrontEdge, a Lagos-based fintech, has secured $10 million in a seed round comprising debt and equity to enhance…
MMG to Acquire Khoemacau Copper Mine in Botswana for US$1.875 Billion
MMG Limited has entered into a Share Purchase Agreement (SPA) to acquire the parent company of the Khoemacau…
Nigeria Sovereign Investment Authority Launches $500 Million Renewables Investment…
The Nigeria Sovereign Investment Authority (NSIA) has introduced a $500 million Renewables Investment Platform…
Binance Witnesses Over $1 Billion Outflows After CEO’s Departure and Guilty…
Binance, a major cryptocurrency exchange, has experienced outflows exceeding $1 billion in the past 24 hours…
NGX and Islamic Development Bank Institute Collaborate to Boost Islamic Finance in…
Nigerian Exchange Limited (NGX) and Islamic Development Bank Institute (IsDBI) joined forces to conduct a…
KCB Group Reports Growth in Nine-Month Profit Despite Challenging Environment
Kenya's KCB Group has announced positive financial results for the nine months ending September, with a notable…
Oil Spill Response Firm Collaborates with Total Energy and NIMASA to Tackle Egina…
An oil spill response firm has partnered with Total Energy and the Nigerian Maritime Administration and Safety…
Cybersecurity Incident Hits Fortune 500 Title Insurance Company Fidelity National…
Fidelity National Financial (FNF), a Fortune 500 company providing title insurance and settlement services for…
RedCloud Technologies and Paystack Join Forces to Enhance B2B Digital Payments in…
RedCloud Technologies, a leading open commerce platform provider, has entered into a strategic partnership with…
Venezuela Aims for 1 Million Barrels per Day as Oil Output Reaches 850,000 bpd
Venezuela's Oil Ministry officials announced a push towards producing 1 million barrels of oil per day,…
Nigerian LNG Achieves Highest Dividend in 8 Years as Output Rises; Faces…
Nigerian LNG Limited (NLNG), the largest gas exporter in Nigeria, has reported its highest dividend payout to the…
Surge in Fuel Prices Aggravates Production Costs: Diesel Up 25.45%, Petrol Spikes…
Over the last 12 months, the cost of automotive gas oil (diesel) in Nigeria has surged by 25.45%, while premium…
Federal Government to Achieve 18% Tax-to-GDP Ratio in Three Years Through…
The Federal Government of Nigeria aims to achieve a tax-to-Gross Domestic Product (GDP) ratio of 18% within the…
Bank of Industry Pledges Support for Modular Refineries to Address Economic…
Dr. Olasupo Olusi, the Managing Director of Bank of Industry Limited (BoI), has expressed a commitment to…
Nigerian Exchange Limited Loses N35 Billion in Market Capitalization as Key Stocks…
The Nigerian Exchange Limited (NGX) experienced a decline of N35 billion in market capitalization on Wednesday.…
Nigeria’s Equities Market Records a Decline as Investors Take Profit Amid…
Nigeria's equities market witnessed a negative turn as investors opted to take profits, particularly in stocks…
KPMG Forecasts Nigeria’s Inflation to Hit 30% by December 2023 Amid Reforms
KPMG has projected that Nigeria's headline inflation could reach 30 percent by December 2023, attributing this…
Nigeria Rekindles Shipping Tax Dispute, Demands Payment by Year-End
Nigeria has revived a dispute with shipping companies, demanding that non-resident shipping lines settle…
Nigeria Withdraws Civil Claims Against Eni and Shell, Yet Investor Exodus Persists
Nigeria has withdrawn civil claims against energy giant Eni SpA and its partner, Shell, concluding a prolonged…
Nigeria Urged to Prioritize Low-Hanging Revenue Opportunities Over Debt for…
Introduction: Nigeria is being advised to prioritize low-hanging revenue opportunities over increasing debt to…
Nigeria Drafts Bill to Reform Public Finance Management and Treasury Operations
The Office of the Accountant General of the Federation (OAGF) in Nigeria has announced the drafting of a bill…
OpenAI Rehires Sam Altman as CEO Following Initial Sacking
Introduction:OpenAI, the artificial intelligence research laboratory, has announced an agreement to rehire Sam…
Rethinking Nigeria’s Economic Strategy: Prioritizing Revenue Opportunities…
Nigeria is contemplating a shift in its economic strategy by prioritizing low-hanging revenue opportunities over…