AgDevCo lands equity and debt funding package from DFIs
AgDevCo the specialist investor in early-stage African agribusinesses, today announced a $90m package of new…
MTN Launches New Brand Identity With Simplified, Innovative Logo
The company announced its brand repositioning using a contemplative slogan — “What Are We Doing Today?” It also…
NSE fall lifts dividend yields ahead of earnings season
The fall in share prices at the Nairobi Securities Exchange following a selloff induced by Russia’s invasion of…
Uganda Is Enjoying Monthly Trade Surplus
The latest performance of the economy report released on Monday by the finance ministry indicates that Uganda has…
Safaricom, Ethio Telecom in talks to share towers
Safaricom is negotiating an infrastructure sharing deal with Ethiopian rival Ethio Telecom.
As it prepares…
Kenya’s Eurobond Rose By 0.86 Per Cent
Yields on Kenya’s Eurobonds rose sharply last week as Russia’s invasion of Ukraine caused investors to flee to…
American investors back Clickatell’s healthy Series C
Clickatell the CPaaS innovator and Chat Commerce leader, today announces it has secured $91 million in their Series…
Kenya Treasury Spent More Billion On Domestic Interest Repayment
The National Treasury spent an additional Sh13.42 billion or 6.58 percent more on domestic interest repayments…
Kenyan Shilling Hit New Record Low
The Kenyan shilling is under fresh pressure against the dollar after it hit a new record low on Monday, setting up…
MTN Ventures Into Metaverse
The Group, owner of its Nigerian subsidiary, MTN Nigeria Plc disclosed in a statement that it now owns 144 plots of…
Seplat Energy Plc Proposes Final Dividend Of $0.025 To Shareholders
In a notice filed with the Nigerian Exchange Limited (NGX), Seplat Energy Plc has announced the payment of final…
Consensus Builds Up On Kicking Russia Out Of SWIFT
Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the…
Buhari, El-Rufai, KADCCIMA Extol Dangote At Trade Fair
Encouraged by his huge investments and philanthropic activities in the country, President Muhammadu Buhari and his…
Ukraine: Russia Doubles Interest Rates As Rouble Falls
Following the 30 per cent fall of the rouble amid Western sanctions, the Bank of Russia said, on Monday, that…
NNPC Assures Of Sufficient Petrol For Distribution Across Nigeria
The Nigerian National Petroleum Company (NNPC) Limited, has assured Nigerians that it has sufficient stock of…
GNBC Partnership Will Strengthen Ghana-Nigeria Business Relations
The Consul General of the Ghana High Commission, Samata Bukari, has said the increased synergy fostered by the…
Dollar Strengthens Further Against Uganda Shilling
Continued demand during Friday’s trading session led to further weakening of the Uganda shilling, with the unit…
44 Stocks Drive Market Cap To N25.51Tn
The market capitalisation of equities listed on the Nigerian Exchange Limited appreciated slightly by 0.4 per cent…
New Name And New Owners For Kagiso Asset Management
Twenty-year-old Kagiso Asset Management is now Camissa Asset Management.
The company changed its name following…
FG increases school feeding cost to N100/child, spend N1bn daily
The Federal Government has increased the cost of feeding a primary school pupil from N70 to N100.
FG sets to…
$1.04bn spent on fuel imports in 2021, says CBN
The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last…
Bad fuel: Regulator shuts four filling stations in Anambra
The Nigeria Midstream and Downstream Petroleum Regulatory Agency have suspended the operations of four filling…
Expansion into East Africa, a boon for banks, stakeholders and the region’s…
Over the past two years, the financial services sector has weathered a variety of changes directly stemming from…
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…