Nigeria Records 32% Foreign Direct Investments Dip In 2021
Nigeria attracted a sum of $698.78 million as foreign direct investments (FDIs) in 2021, representing its lowest…
Airbnb To Provide Free Housing For 100,000 Ukrainian Refugees
Airbnb, a home rental company, says it is offering free short-term housing to 100,000 Ukrainian refugees fleeing…
Halima Dangote Appointed Non-Executive Director Of Dangote Cement
Dangote Cement Plc has appointed Halima Aliko Dangote as a non-executive director.
Edward Imoedemhe, deputy…
Walmart launches A.I.-powered virtual clothing try-on technology for online…
Last May, Walmart announced its acquisition of the virtual clothing try-on startup Zeekit, which leveraged a…
Gopuff officially launches its instant delivery service in France
Gopuff is expanding its service to Europe, starting with France, after launching in the United Kingdom late last…
CBN to pay exporters N65 rebate for every $1 remitted
The Central Bank of Nigeria has said it will pay exporters N65 for every $1 sold into the economy through the…
Uganda Government to support domestic investors in oil and gas sector
The Uganda Investment Authority, the investment arm of the country, has embarked on building the capacity of…
Higher Education Loans Repayment Default Increases With Job Cut
About 109,661 former university students have defaulted on payments to the Higher Education Loans Board (Helb) in…
Areas Indian Investors Now Troop Into Tanzania
Indian investors are increasingly seeking investment opportunities in Tanzania in their quest to grab the…
Visa and Mastercard block Russian banks from their networks after sanctions
Payment and credit card giants Visa and Mastercard have blocked Russian financial institutions from their networks…
Mineral Income Investment Fund Acquires 3.5 Per cent Of Asante Gold Corporation
The Mineral Income Investment Fund (MIIF) has acquired 3.5 per cent of the Asante Gold Corporation (Asante) in line…
Wooing Intel, Italy plans $4.6 billion fund to boost chipmaking
Italy plans to set aside $4.6 billion until 2030 to boost domestic chip manufacturing.
It also seeks to attract…
Tanzania Fuel Price Rise Despite Government Intervenion
Retail prices of fuel in Tanzania have risen despite the government intervention by scrapping off Sh100 of levies.…
Nokia stops deliveries to Russia
Nokia will stop deliveries to Russia to comply with sanctions imposed on the country following the invasion on…
Micro Finance Institution Advised To Renew License For Smooth Business
Micro Finance institutions have been asked to acquire the 2022 operational licenses to enable them to work…
Uber Introduces New Features
A new Uber Explore feature will allow users to book dinner reservations, concert tickets and other events directly…
Uganda Government To Provide Support In Oil And Gas Sector
The Uganda Investment Authority (UIA), the investment arm of the country, has embarked on building the capacity of…
Nigeria ranks low in W’Bank projects’ implementation, says FG
The Nigerian FG on Tuesday disclosed plans to improve the level of implementation of donor-financed projects in the…
NNPC vows to increase production as Brent crude oil hits $110/barrel
BRENT, the crude against which Nigeria’s oil is priced, crossed the $105/barrel price on Tuesday.
This rose to…
Profitability Recovering, Vision Group Assures Investors
Vision Group has said the profitability of the company is gradually recovering from the impacts of the pandemic as…
Nigeria signs MoU on gas supply to Equatorial Guinea
Nigeria and Equatorial Guinea on Tuesday signed a Memorandum of Understanding for the supply of gas from Nigerian…
Buhari asks Senate to confirm MPC members
President Buhari has asked the Senate to confirm the appointment of two new members of the MPC
The president…
Africa Oil Corp Runs Out Of Production Cash
Canadian oil explorer Africa Oil, which holds a 25 percent stake in Turkana exploration venture, has run out of…
Digital Payment Has Overtaken Use Of Cheques – CBK
Growth in usage of cheques has slowed down in the last decade, losing out to digital payments channels which are…
Lekki Deep Sea Port Is 80 Per Cent Completed – ICRC
The Infrastructure Concession Regulatory Commission debunked the report that the Lekki Deep Sea Port is 90.93%…
Persisting Inflation Will Limit CBN Borrowing Ability- IMF
Economists at the International Monetary Fund and World Bank have revealed that persisting inflationary pressure…
Experts Bemoan Under-Representation Of Key Sectors On NGX
Apparently irked by the under-representation of some sectors in the nation’s stock market, capital market experts,…
Number Of Professional Developers In Nigeria Increased By 6 Per Cent
The number of professional developers in Nigeria increased by six per cent to hit 84,000 in 2021 as the total…
Why we’re selling Mobil Nigeria to Seplat — ExxonMobil
Texas-based major Exxon Mobil has given its reason for choosing to sell the entire shallow water assets of one of…
Monneo Launches a Unique Solution for the Affiliate Marketing Industry
Monneo has announced its exciting plans to launch Pixelpay, a stand-alone financial product designed specifically…