Nigerian inflation accelerates in April as food prices rise.
The National Bureau of Statistics said that Nigeria's annual inflation jumped to 22.22% in April, up from 22.04%…
Khulisani Ventures of MIC invests in Quro Medical.
MIC has invested R25 million in the firm, which is revolutionizing the way healthcare is delivered in South…
Aveng obtains debt financing for Trident Steel Africa.
Aveng Infrastructure and Resources has finalized the sale of Trident Steel, a steel solutions company, for R1.22…
Three African investment managers have been awarded a Visa and an AWIF grant for…
The African Women Impact Fund Initiative (AWIF), a collaboration between Standard Bank and the United Nations…
STOA Set to Buy a Minority Stake in Morocco’s Building Logistics.
STOA, a subsidiary of the French deposit and consignment fund CDC, announced a MAD330 million ($32.9 million)…
Cook-a-thon: Why Guinness World Records hasn’t verified Hilda Baci’s…
A world culinary record was successfully broken by Nigerian chef Hilda Baci, and the Guinness Book of Records has…
M-Kopa, an African digital credit startup, has raised $255 million in new capital.
M-Kopa, an African finance platform, announced that it had inked a total of $255 million in fresh debt and equity…
The EBRD will invest in RMBV’s USD 300 million North Africa fund.
The European Bank for Reconstruction and Development (EBRD) will invest USD 60 million in RMBV's third North…
BPE Partners and TSFE support the creation of a pharmaceutical distribution…
The Sovereign Fund of Egypt (TSFE), in collaboration with leading private equity firm B Investments and its…
Investor protection is the SEC’s top priority in fintech regulation.
The Securities and Exchange Commission (SEC), Nigeria's leading capital market regulator, has stated that one of…
Ekiti is Classified as Flood-prone by NEMA.
The National Emergency Management Agency has issued a flood warning for Ekiti State, citing higher rainfall in the…
PFAs’ exposure to FGN securities increased 17% to N29.66 trillion as…
The increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) in an effort to combat…
Investors question projected exit pricing for Union Bank and Oando purchases.
Investors in Nigeria's capital market are unhappy with the exit prices proposed by Titan Trust Bank Limited and…
Contributory Pensions Increased to N590bn in Q1.
According to National Pension Commission data, the assets under the Contributory Pension Scheme increased by N590…
In one week, stock investors lost N136 billion.
At the end of last week's trading on the Nigerian Exchange Limited, stock investors lost N136 billion.The…
States paying outgoing government pensions owe N3 trillion in debt.
Despite increasing debts and unpaid wages for workers, no fewer than 18 departing state governors will retire into…
Oil theft and shutdowns cost Nigeria N313 billion, and operators call for harsh…
Nigeria's oil production output has drastically decreased as a result of rising oil thefts and labor unrest,…
The Nigerian President’s Order has Delayed the Return of the Benin Bronzes.
A presidential decree naming a royal ruler as the owner and custodian of all returned artifacts caused a British…
PENGASSAN Warns that Power Supply Crisis in Nigeria may Linger.
According to the Petroleum and Natural Gas Senior Staff Association of Nigeria, Nigerians who are hoping for…
Nigeria’s April Oil Production Fell Below 1mln bpd.
Following a strike at Exxon Mobil's local facilities, Nigeria's oil production dropped below 1 million barrels per…
FEC Authorizes Additional N129 billion for the Ogoni Remediation.
The Federal Economic Council authorized the expenditure of N129.8 billion for a number of projects within the…
NDDC Supports the Senate’s Proposal to look into N1tn Spending.
The Niger Delta Development Commission applauded the Senate for taking action to investigate the agency's account…
Nigeria Leaders Receive N651m Hardship Allowance.
According to research, state governors, including vice president Yemi Osinbajo, may have received around N651.2…
CBN: Debt Servicing Hits $112m Monthly.
The Federal Government spent $112.35 million in January 2023 repaying external debt. According to information from…
UN: Trade is Crucial for Implementing the 2030 Agenda.
Guy Ryder, the Undersecretary-General for Policy in the United Nations Secretary-General's Executive Office,…
Otedola Fumes Over Transcorp Deal.
Femi Otedola, a multibillionaire businessman, claimed on Tuesday that his offer to pay N250 billion for the…
KCB Group Modifies its Investment in NSSF.
The National Social Security Fund (NSSF) sold shares valued at Sh837.2 million in the three months prior to…
CBN Penalizes Shipping Companies that Export Illegal Cargoes from Nigeria.
CBN Governor, Godwin Emefiele, while speaking at the RT200 non-oil export summit 2023 in Abuja with the theme…
Seplat is Mandated to have an Annual General Meeting by the Court.
The annual general meeting of the local energy company Seplat Energy Plc has been mandated by an Abuja-based…
The NCC Approves the Lease of NTEL’s Spectrum to MTN.
MTN Nigeria is given permission by the Nigerian Communications Commission to lease spectrum from Natcom…