Ghana’s Public Debt Declines to GHS 567.3 Billion in September 2023
Ghana's public debt has decreased to GHS 567.3 billion as of September 2023, reflecting a GHS 14.2 billion!-->…
Kenyan Parliament Sets Ultimatum for Treasury and Central Bank to Stabilize…
Kenya's Parliament has issued a directive to the Treasury and the Central Bank of Kenya (CBK) to stabilize the!-->…
Central Bank of Nigeria Calls for Banking Sector Recapitalization to Support…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has issued a directive calling for the!-->…
Nigeria’s GDP Grows by 2.54% in Q3 2023, Driven by Services Sector
Nigeria's Gross Domestic Product (GDP) grew by 2.54% year-on-year in real terms in the third quarter of 2023,!-->…
Dangote’s $20 Billion Refinery to Start with 350,000 Barrels Per Day
Aliko Dangote, the President/CEO of Dangote Group, has revealed that the $20 billion Dangote refinery in Lekki,!-->…
Companies Raise Salaries by 18.35% to Combat Inflation in Nigeria
Companies in Nigeria increased the salaries of their employees by 18.35% to N29.45 trillion in the first half of!-->…
VC Firm Saviu Ventures Raises €12 Million for Second Fund Focused on Francophone…
Saviu Ventures, a venture capital firm targeting startups in Francophone Africa, has secured an initial close of!-->…
Bpifrance Joins Mediterrania Capital Partners’ MC IV Fund with €350 Million…
Bpifrance, the French public investment bank, is set to join the MC IV fund of Mediterrania Capital Partners!-->…
Africa Go Green Fund (AGG): Driving Private Investments for Sustainable…
The Africa Go Green Fund (AGG), initiated by KFW on behalf of the German government, focuses on promoting private!-->…
Finnfund Invests €2 Million in Fibertime Group to Boost Township Fibre Internet…
Finnish development financier Finnfund has invested €2 million (approximately R39.9 million) in the Fibertime!-->…
FrontEdge Raises $10 Million to Boost Cross-Border Trade Financing for African…
FrontEdge, a Lagos-based fintech, has secured $10 million in a seed round comprising debt and equity to enhance!-->…
MMG to Acquire Khoemacau Copper Mine in Botswana for US$1.875 Billion
MMG Limited has entered into a Share Purchase Agreement (SPA) to acquire the parent company of the Khoemacau!-->…
Nigeria Sovereign Investment Authority Launches $500 Million Renewables Investment…
The Nigeria Sovereign Investment Authority (NSIA) has introduced a $500 million Renewables Investment Platform!-->…
Binance Witnesses Over $1 Billion Outflows After CEO’s Departure and Guilty…
Binance, a major cryptocurrency exchange, has experienced outflows exceeding $1 billion in the past 24 hours!-->…
NGX and Islamic Development Bank Institute Collaborate to Boost Islamic Finance in…
Nigerian Exchange Limited (NGX) and Islamic Development Bank Institute (IsDBI) joined forces to conduct a!-->…
KCB Group Reports Growth in Nine-Month Profit Despite Challenging Environment
Kenya's KCB Group has announced positive financial results for the nine months ending September, with a notable!-->…
Oil Spill Response Firm Collaborates with Total Energy and NIMASA to Tackle Egina…
An oil spill response firm has partnered with Total Energy and the Nigerian Maritime Administration and Safety!-->…
Cybersecurity Incident Hits Fortune 500 Title Insurance Company Fidelity National…
Fidelity National Financial (FNF), a Fortune 500 company providing title insurance and settlement services for!-->…
RedCloud Technologies and Paystack Join Forces to Enhance B2B Digital Payments in…
RedCloud Technologies, a leading open commerce platform provider, has entered into a strategic partnership with!-->…
Venezuela Aims for 1 Million Barrels per Day as Oil Output Reaches 850,000 bpd
Venezuela's Oil Ministry officials announced a push towards producing 1 million barrels of oil per day,!-->…
Nigerian LNG Achieves Highest Dividend in 8 Years as Output Rises; Faces…
Nigerian LNG Limited (NLNG), the largest gas exporter in Nigeria, has reported its highest dividend payout to the!-->…
Surge in Fuel Prices Aggravates Production Costs: Diesel Up 25.45%, Petrol Spikes…
Over the last 12 months, the cost of automotive gas oil (diesel) in Nigeria has surged by 25.45%, while premium!-->…
Federal Government to Achieve 18% Tax-to-GDP Ratio in Three Years Through…
The Federal Government of Nigeria aims to achieve a tax-to-Gross Domestic Product (GDP) ratio of 18% within the!-->…
Bank of Industry Pledges Support for Modular Refineries to Address Economic…
Dr. Olasupo Olusi, the Managing Director of Bank of Industry Limited (BoI), has expressed a commitment to!-->…
Nigerian Exchange Limited Loses N35 Billion in Market Capitalization as Key Stocks…
The Nigerian Exchange Limited (NGX) experienced a decline of N35 billion in market capitalization on Wednesday.!-->…
Nigeria’s Equities Market Records a Decline as Investors Take Profit Amid…
Nigeria's equities market witnessed a negative turn as investors opted to take profits, particularly in stocks!-->…
KPMG Forecasts Nigeria’s Inflation to Hit 30% by December 2023 Amid Reforms
KPMG has projected that Nigeria's headline inflation could reach 30 percent by December 2023, attributing this!-->…
Nigeria Rekindles Shipping Tax Dispute, Demands Payment by Year-End
Nigeria has revived a dispute with shipping companies, demanding that non-resident shipping lines settle!-->…
Nigeria Withdraws Civil Claims Against Eni and Shell, Yet Investor Exodus Persists
Nigeria has withdrawn civil claims against energy giant Eni SpA and its partner, Shell, concluding a prolonged!-->…
Nigeria Urged to Prioritize Low-Hanging Revenue Opportunities Over Debt for…
Introduction: Nigeria is being advised to prioritize low-hanging revenue opportunities over increasing debt to!-->…