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…
Central Bank of Nigeria Calls for Banking Sector Recapitalization to Support…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has issued a directive calling for the…
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…