Leadway Pensure’s Shares In First Bank Belong To RSA Holders – PenCom
Funds invested in First Bank Holdings Ltd (FBNH) by Leadway Pensure Ltd belong to retirement savings account (RSA)…
South African Airways To Resume Lagos Flights December — After 18-Month Suspension
South African Airways (SAA) has announced the resumption of flight operations on its Johannesburg-Lagos route.
The…
Naira Falls By 2.8% To N545/$1 At Parallel Market
The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market.…
Report: Kano Generated N24bn VAT In Eight Months — More Than All South-East States
The total value-added tax (VAT) generated by the Kano state government in the first eight months of 2021 was higher…
Canada Approves Pfizer-BioNTech Jab For Kids From Age 5
Canada has approved the Pfizer-BioNTech coronavirus vaccine for children between the ages of five and 11.
It’s…
Aruwa Capital Invests In Pngme
Aruwa Capital Management, an early-stage growth equity and gender lens fund, has invested in Pngme, a Nigerian…
El Salvador President Plans ‘Bitcoin City’ Financed By Crypto Bonds
President Nayib Bukele said El Salvador plans to build the world’s first “Bitcoin City”, powered by a volcano and…
VoxCroft Analytics Raises Series A From Knife Capital
VoxCroft Analytics, an open-source intelligence and risk analytics venture with operations in South Africa and the…
Chinese Internet Giant Tencent Invests In Fintech OZOW’s Series B
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them make…
UKCI And Norfund Fund JV’s Equity Participation In Wind Farm Portfolio
Cape Town-based investment firm H1 Holdings, which has inked a joint venture with an independent power producer in…
Trade Deficit Declined To $340m In July – CBN
Nigeria’s trade deficit declined to $340m in July from $2.4bn in June, figures obtained from the Central Bank of…
Amethis’s MENA Fund II Buys Minority Stake In Tarjama
Africa-focused private equity firm Amethis said Tuesday it has made its second investment from the new fund that…
Analysts See Nigeria’s Inflation Rate Rising In Nov, Dec
Amid the steady decline in headline inflation rates over the past few months, analysts have predicted an uptrend…
Drug Dealer Behind Cocaine Hidden In Lagos Airport Toilet Arrested – NDLEA
The National Drug Law Enforcement Agency (NDLEA) says it has arrested a Brazil based drug dealer, Okafor Moses in…
Remittances To Nigeria, Others Grow 7.3% To $589b
Remittances to low- and middle-income countries are projected to have grown a strong 7.3 per cent to reach $589…
Seven Banks Rake In N403.6bn From Fees, Commissions
Seven deposit money banks in Nigeria generated the sum of N403.6bn in nine months from fees and commissions, 24.7…
The Apple Car Is Coming And Tesla Had Better Watch Out
Apple Inc. venturing into cars might shake up the electric vehicles market in the same way the iPhone…
FG Begins 10,000MT Wheat Cultivation To Cut Imports
The Federal Government has announced the commencement of dry season wheat cultivation to produce 10,000 metric…
Agric Fund Diversion May Attract Five-Year Jail Term – CBN
The Central Bank of Nigeria has said borrowers who divert the funds provided under the Agricultural Credit…
UK To Require Charge Points For Electric Vehicles In New Buildings
Charging points for electric vehicles will be required to be installed in new buildings in Britain from next year…
India Police Charge Amazon Execs In Alleged Marijuana Smuggling Case
Indian police said on Saturday they had charged senior executives of Amazon's local unit under narcotics laws in a…
Net Forex Inflow Rose To $2.77bn July, Says CBN
The net foreign exchange inflow into the Nigerian economy rose slightly to $2.77bn in July from $2.27bn in June,…
Firm Launches Global Lottery Game In Nigeria
MegaMillions Naija has launched a global jackpot lottery in Nigeria to drive access to lottery games that will give…
CBN Orders Farmers To Insure ACGSF Loans
The Central Bank of Nigeria has said farmers must have an insurance cover for loans to be disbursed to them under…
Investors Lose N18bn As 49 Stocks Drag Market Lower
Investors in the equities market of the Nigerian Exchange Limited saw an N18.05bn weekly loss at the end of trading…
Playtech Investor Gopher Pulls Out Of Potential Takeover Battle
Gopher Investments, the No.2 shareholder in Playtech, walked away from a potential three-way takeover battle for…
China Evergrande EV Unit To Raise $347 Mln From Share Sale To Fund Production
China Evergrande's electric vehicle division is raising about HK$2.7 billion ($347 million) from a share sale to…
China Fines Tech Giants For Failing To Report 43 Old Deals
China's market regulator on Saturday said it was fining companies including Alibaba, Baidu and JD.com for failing…
External Reserves Resume Decline, Lose $410m In 17 Days
After rising by a record $5.05bn last month, Nigeria’s external reserves dropped by $410m in the past 17 weeks, the…
Remove Fuel, Electricity Subsidies Early 2022, IMF Tells FG
The International Monetary Fund said on Friday that the Nigerian government should remove fuel and electricity…