Komenda Sugar Factory acquires 20,000 acres for plantation
Negotiations are almost complete to enable the Board of Directors of the Komenda Sugar Factory to acquire 20,000…
Nigeria exports software to other African countries, says NOTAP
The Director-General of the National Office for Technology Acquisition and Promotion, DanAzumi Ibrahim, has said…
IMF seeks recapitalisation of banks hit by COVID-19
The International Monetary Fund yesterday advised the Federal Government and governments of other emerging…
Nigeria sues JP Morgan in London over $1.7b oil deal
A London high court began to hear a lawsuit yesterday launched by Nigeria against United States bank JP Morgan…
BUA Foods, Notore, UPDC on track to sell controlling shares
In a bid to make more of their equities available to the investing public, newly listed BUA Foods plc, Notore…
MTV Base partners Tomtom to boost new programme
MTV Base has announced Nigeria’s number one candy brand, TomTom, as the official sponsor of the new season of MTV…
Company Income Tax Dropped By N124.71Bn In 2021 Q4 -NBS
Company Income Tax (CIT) recorded a N124.71 billion decline from N472.52 billion in quarter three, 2021 to N347.81…
Ghana Regains Exemplary Status In Money Laundering Fight
Ghana has restored its image as an example to West African peers in the fight against the illicit flow of funds to…
Revenue collection has increased by 48% in the last five years
The report states that revenue collection has increased from shs13.4 trillion in 2016/2017 to shs21.1…
Treasury Targets Sh50 Billion From March Bond Sale
The National Treasury is seeking to raise Sh50 billion from three bond sales in March, comprising reopening of…
NSE Sheds Sh92Bn In A Day As Russia Invades Ukraine
The market capitalisation closed at Sh2.453 trillion compared to Sh2.546 trillion on Wednesday, with…
Kenya Set Date To Unveil Flying Taxis
Kenya Airways will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of…
Since 1973 Naira Loses10.6% Of Its Value Annually – IMF
The International Monetary Fund says the long-term rate of the depreciation of the naira equates to a loss of 10.6…
WHO Sets Up Hub To Train Low And Middle-Income Countries On Vaccine Production
The World Health Organization (WHO) has set up a hub in South Korea to train Nigeria and other low and…
Nigeria’s N898Bn Wheat Imports At Risk As Russia-Ukraine Conflict Escalates
Russia’s status as the largest exporter of wheat in the world is causing disquiet in many countries following its…
After Alphabet’s Stock Split, Amazon And Others Look Ripe To Split Shares
Alphabet GOOGL+4.00% recently announced it is splitting its stock. It probably won’t be the only company to do…
URA Ramps Up Crackdown On Tax Defaulters
The Uganda Revenue Authority (URA) has reiterated its call to taxpayers in Kampala Metro Region to clear any…
Blackout Fears As Kenya Power Staff Plan Strike
Kenya Power’s KPLC workers have threatened to go on strike in a dispute over the firm’s plans to lay off 20 percent…
CBK Seeks Digital And Mobile Payment Platforms Fees Cut
The Central Bank of Kenya (CBK) has asked digital payment service providers including mobile money firms to cut…
T-Bills Interest Rates Jump To Two-Year High
Interest rates on Treasury bills have climbed to a two-year high on the back of a higher bid acceptance rate by…
NAICOM, CIIN seek to boost insurance sector growth
The National Insurance Commission and the Chartered Insurance Institute of Nigeria have emphasised the need for…
NGX inducts 133 new authorised dealing clerks
Nigerian Exchange Limited has inducted a total of 133 authorised dealing clerks from 63 trading license holders.…
Duty on vehicles, cargoes imported via PTML hits N224bn
The duty collected on imported used vehicles and other cargoes through Ports & Terminal Multipurpose Limited,…
Purple Lekki Is Creating An Iconic Space For Techies In Lagos, In Partnership With…
Purple Lekki and Ventures Park announced today that both companies have entered into a strategic partnership for an…
Dangote Sugar Plc loses over N11 billion in market value in a single session
At the end of yesterday’s trading session, Dangote Sugar Refinery's share price depreciated by 5.28% to close at…
Five Digital Products Propelling MTN Towards Tech
MTN has been growing alternative sources of revenue outside voice, maintaining an accelerated growth trajectory,…
African fintech, The Green Exchange targets $5 billion green bond issuance in…
African fintech, The Green Exchange is targeting $5 billion in green bond sales within five years to fund green…
Cardano To Launch P2P Lending Network In Africa
Charles Hoskinson, the co-founder of Cardano, has disclosed that the Cardano blockchain plans to launch a…
London Stock Exchange Acquires Tora For $325 Million
The London Stock Exchange Group (LSEG) announced that it has acquired a United States’ based cloud technology…
NGX Loses N21 Billion As Investors Initiate Cautious-Trading
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…