Nigeria Drafts Bill to Reform Public Finance Management and Treasury Operations
The Office of the Accountant General of the Federation (OAGF) in Nigeria has announced the drafting of a bill!-->…
OpenAI Rehires Sam Altman as CEO Following Initial Sacking
Introduction:OpenAI, the artificial intelligence research laboratory, has announced an agreement to rehire Sam!-->…
Rethinking Nigeria’s Economic Strategy: Prioritizing Revenue Opportunities…
Nigeria is contemplating a shift in its economic strategy by prioritizing low-hanging revenue opportunities over!-->…
U.S. Welcomes Breakthrough Agreement on Release of Hostages in Israel-Hamas Deal
The United States has expressed gratitude for the recent breakthrough agreement between Israel and Hamas, leading!-->…
Seplat Energy Invests $250 Million in New Gas Processing Plant to Boost…
Nigerian independent energy company, Seplat Energy Plc, has unveiled plans for a substantial $250 million!-->…
Nigerian Breweries Seeks Shareholder Approval for 80% Stake in Distell Nigeria
Nigerian Breweries (NB) Plc, the largest brewery in Nigeria, has presented a proposal to its shareholders seeking!-->…
Nigeria and Germany Explore Investment Opportunities in Power and Rail Sectors
President Bola Tinubu recently engaged in discussions with German Federal Chancellor Olaf Scholz during the G20!-->…
Allegations of Misappropriation: Nigerian Lottery Trust Fund Faces Scrutiny by…
The House of Representatives Committee on Finance is currently conducting a status enquiry into the National!-->…
Unraveling Turmoil: A Timeline of Sam Altman’s Departure from OpenAI
In a startling sequence of events, Sam Altman, the former president of Y Combinator and CEO of OpenAI, was fired!-->…
Strategic Investment in Consumer Profile Bureau by 1K Africa and Ascension Capital
1K Africa and Ascension Capital have jointly announced a strategic investment in Consumer Profile Bureau (CPB), a!-->…
Namibia Infrastructure Development Fund Invests in Lightstruck Holdings to Expand…
The Namibia Infrastructure Development and Investment Fund (NIDIF), managed by Eos Capital, has made a significant!-->…
Cipla Quality Chemicals Sees Investor Interest Amidst Takeover Approval
The recent approval of the takeover of Cipla Quality Chemicals Ltd by the Common Market for Eastern and Southern!-->…
CSquared Secures $25 Million Investment to Fuel Broadband Infrastructure Expansion…
Pan-African technology company CSquared Link Holdings (Mauritius) Limited has announced a new equity investment!-->…
Nigeria Seals $2.2 Billion Solar PV Deal with Sun Africa for Renewable Energy…
The Nigerian federal government, through the Ministry of Power, has finalized a $2.2 billion solar PV deal with!-->…
Escalating Drug Prices in Nigeria Following GlaxoSmithKline’s Exit: A Crisis…
The departure of GlaxoSmithKline (GSK) from Nigeria has triggered a severe healthcare crisis, leading to a surge!-->…
Nigeria Witnesses Surge in Federation Account Revenue After Fuel Subsidy Removal
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, has reported a significant!-->…
Oil Prices Surge Amid Anticipation of OPEC+ Production Cuts
Oil prices experienced a significant surge this week as expectations grew that the Organization of Petroleum!-->…
Central Bank of Nigeria Delays Monetary Policy Meeting Amid Forex Backlog
The Central Bank of Nigeria (CBN) has deferred its Monetary Policy Committee (MPC) meeting for the second time!-->…
Inflation Crisis in Nigeria Forces Many to Choose Between Food and Medicine
The inflation crisis in Nigeria is exacerbating the challenges faced by individuals with chronic health!-->…
Nigeria’s Streaming Woes: Slow Adoption Challenges Netflix and Local…
Despite Nigeria being Africa's most populous country with a significant mobile user base, the adoption of!-->…
Naira Appreciates Against Dollar on Parallel Market, Stabilizing at N1,125/$
The Nigerian naira has appreciated against the US dollar, gaining 0.88% to reach N1,125/$ on the parallel market.!-->…
Low IGR: 18 Nigerian States in Dire Financial Straits, Missing Opportunities at…
Out of Nigeria's 36 states, only Lagos was represented at the 2023 Africa Investment Forum (AIF) in Marrakech,!-->…
Nestle Nigeria Reports Loss After Naira Weakness Triggers N127.46 Billion Forex…
Nestle Nigeria has reported a loss after tax for the 9-month period ending in 2023 due to a significant foreign!-->…
Nigeria Declares State of Emergency in Health Sector Due to Dilapidated Facilities
Summary:The Federal Government of Nigeria has declared a state of emergency in the country's health sector, citing!-->…
Despite Inflation, Real Estate Opportunities Exist in Nigeria: Land-Banking and…
Summary:Amid the impact of inflation on various sectors, including real estate, there are still opportunities for!-->…
Meta to Land Two Submarine Cables in Nigeria to Boost Digital Infrastructure
Summary:Meta is set to deploy two submarine cables in Nigeria, with one landing in Lagos and the other in Akwa!-->…
President Xi Jinping: China Won’t Seek Armed Conflict with Any Nation, Aims…
Chinese President Xi Jinping has emphasized that China does not intend to engage in armed conflict with any nation!-->…
Combating Illicit Financial Flows in Nigeria: The Role of Technology
Illicit financial flows (IFFs) in Nigeria, driven by corruption, tax evasion, money laundering, and illegal trade,!-->…
Nigerian Firm X-agon Digital Launches AnyworkX, an E-Service Ordering App, Aiming…
X-agon Digital Solutions Limited, an indigenous Nigerian firm, has unveiled AnyworkX, an e-service ordering app!-->…
Nigeria’s Inflation Hits Multi-Decade High at 27.3%, Food Inflation at 31.5%
Nigeria's inflation has reached a new multi-decade high, hitting 27.3% in October, defying global trends. The!-->…