CIC Halts Land Sale On Lukewarm Interest.
CIC Insurance Group has postponed the sale of its subdivided 200-acre land in Kiambu to next month after the August…
AfDB Board Approves Over $1Bn For Emergency Food Production Plan
The African Development Bank (AfDB) Group’s Board of Directors has approved 24; fast-track programmes to help the continent mitigate rising…
IFC Bets Big On Kenyan Banks.
The International Finance Corporation (IFC) is channelling billions of shillings into Kenyan small businesses and women-owned enterprises through strategic loan…
Dangote Industries Successfully Completes N187Bn Bond Issuance
Dangote Industries Limited (DIL), one of the leading, diversified and fully integrated conglomerates in Nigeria and Africa; yesterday announced the…
EFCC Extradites Nigerian Fraud Suspect On FBI’s Wanted List To US.
A wire fraud suspect, Fatade Idowu Olamilekan, who is on the wanted list of the Federal Bureau of Investigation (FBI)…
Outcry As CBN Raises Interest Rate Again- Nigeria.
The Monetary Policy Committee of the Central Bank of Nigeria raised the Monetary Policy Rate from 13 % to 14%.…
Buhari unveils NNPC Limited, agency halts FAAC remittances.
The Nigerian National Petroleum Company Limited on Tuesday made it clear that it would no longer remit any money; to…
FG Continues $3.5Bn Eni & Shell Suit, Italy Drops Charges
Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against…
Billionaire Investor, Ken Langone, Highlights Three Things All Businesses Need In Order To Grow.
Billionaire investor and philanthropist, Ken Langone has pointed out three core business principles that worked for him during his career.…
Stock Investors Lose N6bn as MPC Hikes Rate To 14%
The decision of the Monetary Policy Committee (MPC) to raise the Monetary Policy Rate (MPR) to 14% from 13% had…
Three Arrows Capital Owes 27 Crypto Companies $3.5 Billion.
Crypto hedge fund, Three Arrows Capital, popularly known as 3AC, according to court documents, owed 27 crypto companies $3.5 billion.…
Official Exchange Rate Appreciates As Forex Supply Surges By 301% To $389 Million.
The exchange rate between the naira and the US dollar closed at N424.17/$1 at the official Investors. Naira appreciated significantly against…
Higher Crude Oil Prices Boost Nigeria’s Oil And Gas Stocks
The Oil and Gas Index which emerged as the best performing index has gained 64.42% year-to-date. The Nigerian Stock Market…
Crypto Market Reclaims Trillion Dollar Status With Altcoins Leading The Charge.
Despite the increase in the U.S. inflation rate to 9.10%, a multi-year high; the cryptocurrency market capitalization has reclaimed its…
CBN’s RT 200 generates $600 million in 6 months
The Central Bank of Nigeria during its monetary policy committee briefing has revealed that the increase recorded in Nigeria’s external…
Water Resources Bill: FG Says It Will Push On Despite Backlash From Nigerians.
The Federal Ministry of Water Resources has state that it will not be deter by backlash on the propose Water…
COVID Cases Triple Across Europe As Hospitalizations Double
According to WHO, coronavirus cases have tripled across Europe in the past six weeks, accounting for nearly half of all…
Flutterwave Unveils Graduate-Trainee Program To Create Jobs For Young Nigerians
Flutterwave, Africa’s leading payments technology company, is officially announcing the launch of The Flutterwave Graduate Trainee Programme. This programme aims…
South Korea Unbothered About Capital Outflows, Finance Minister Says
Choo Kyung-ho, South Korea’s finance minister has shrugged off the short-term dangers of capital outflows from the Asian financial system…
Crypto Custodian BitGo Cleared To Operate In Italy
Digital assets custody provider BitGo has registered to operate in Italy, alongside several other crypto companies. According to documents from Italian…
Another Twitter Hack Hits the NFT Community
Another phishing scam has hit the non-fungible token (NFT) community, with the latest target being the twitter accounts of NFT…
Chinese Banks Hold Lending Rates as PBOC Remains Cautious
Chinese banks held their main lending rates steady in the absence of more easing from the central bank, which is…
Nigeria To Pursue $3.5 Billion Civil Claim Against Eni And Shell
Nigeria will continue its $3.5 billion civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings…
IMF Executive Board Approves a 40-month, US$1,046.4 million ECF Arrangement for Tanzania
The International Monetary Fund’s board approved a $1.05 billion extended credit facility for Tanzania and plans to disburse $151.7 million immediately.…
Power Supply To Drop Again, TCN Alerts Nigerians
Power supply will drop by 50 megawatts, the Transmission Company of Nigeria; said the drop would be because of planned…
Firms Raise N246b From Corporate Bonds In H1
The dormant primary equities segment of the Nigerian capital market has prompted listed companies; to rely on the bond market…
Palm Oil Set To Plunge 20% By September, Top Analyst Predict
The world’s most consumed cooking oil Palm oil may extend its slide, tumbling more than 20% to 3,000 ringgit $673…
Stakeholders Express Cautious Optimism As NNPC Transits
Stakeholders have expressed cautious optimism as the Nigerian National Petroleum Company Limited (NNPC) transits today; insisting that most of the…
FG To Pay Fee For NNPCL Petrol Import As Buhari Unveils Firm Today
President Muhammadu Buhari will unveil the new Nigerian National Petroleum Company Limited (NNPCL); today just as the company will now…
Heatwave: Ferocious European heat heads north
In France and the UK, extreme heat warnings were issued while northern Spain recorded temperatures of 43C (109F) on Monday.…