African Startup Funding Sees Decline in October, Nigeria Lags Behind Peers
Funding activity for startups in Africa, particularly Nigeria, witnessed a decline in October. While there was a!-->…
Atedo Peterside Criticizes Nigerian Government’s Lavish Spending Amid…
Atedo Peterside, in an exclusive interview with BusinessDay, has voiced his criticism of the Nigerian government's!-->…
MeCure Industries Set to List 4 Billion Shares on NGX, Boosting Market…
Leading pharmaceuticals and nutraceuticals manufacturing company, MeCure Industries Limited, is gearing up for a!-->…
Berger Paints Nigeria PLC Demonstrates Resilience Amid Challenges, Promises…
Berger Paints Nigeria PLC (BPN) Plc, a prominent manufacturer of paints and allied products, has reassured the!-->…
Nigeria’s Equities Market Commences the Week on a Positive Note, Gaining…
On Monday, November 6, Nigeria's equities market started the week on a positive trajectory, surging by 0.40!-->…
Dangote Cement Offers Series 10 and 11 of Commercial Papers in N300bn Issuance…
Dangote Cement, a prominent Sub-Saharan Africa cement producer, has launched series 10 and 11 of its Commercial!-->…
Novatek Dismisses US Sanctions on Arctic LNG 2, Calls it a Bid to Inflate Gas…
Russian gas giant Novatek has brushed aside recent US sanctions against its Arctic LNG 2 project, characterizing!-->…
Peter Obi Expresses Disappointment in Supreme Court’s Ruling on Presidential…
Peter Obi, the presidential candidate of the Labour Party (LP) in the 2023 election, has voiced his disappointment!-->…
Mobile Money Agents Surge in Nigeria, Boosting Financial Inclusion
A recent report by the International Monetary Fund (IMF) reveals a substantial increase in registered mobile!-->…
Nigeria’s Federal Government Borrowing from Central Bank Hits ₦4.36 Trillion
Data shows that Nigeria's federal government borrowed ₦4.36 trillion from the Central Bank of Nigeria (CBN) as of!-->…
Naira Loses 4.24% Against the Dollar Due to Declining Dollar Supply
The Nigerian Naira has experienced a 4.24% loss in value against the US Dollar at the official market due to a!-->…
Banks’ Borrowings from Central Bank of Nigeria Surge 466% YoY Due to…
Banks' borrowings from the Central Bank of Nigeria (CBN) through the Standing Lending Facility (SLF) have seen a!-->…
Over N4.3tn Worth of Crude Oil Stolen in 7,143 Pipeline Vandalism Cases in 5 Years
The Nigerian government has revealed that more than N4.3 trillion worth of crude oil was stolen in 7,143 pipeline!-->…
Unveiling Equipment Leasing Registration Authority: A Boost to Revenue Generation
The Nigerian government is set to introduce the Equipment Leasing Registration Authority (ELRA) with the aim of!-->…
Challenges Persist in Nigerian Power Sector Despite Multi-Trillion Naira…
Despite the federal government's substantial investments exceeding N3 trillion in the power sector between 2015!-->…
Nigeria’s Creative Industry Poised to Drive $100 Billion to GDP by 2030,…
The Assistant Secretary for the Bureau of Economic and Business Affairs at the U.S. Department of State, Ramin!-->…
Dangote and BUA Trade Words, Renewing Rivalry
After a brief truce brokered by former Kano State governor Abdullahi Ganduje, Aliko Dangote, President of Dangote!-->…
GlaxoSmithKline Consumer Nigeria Announces Scheme for Shareholder Dissolution
GlaxoSmithKline Consumer Nigeria Plc has proposed a Scheme of Arrangement for the dissolution of the company,!-->…
Nigeria’s Market Interest Rates Rise, Reigniting Foreign Investor Interest
Nigeria is re-emerging as an attractive destination for foreign investors following a rise in market interest!-->…
Diezani Allison-Madueke Seeks Prayers as UK Court Hears Bribery and Corruption…
Former Minister of Petroleum Resources, Diezani Allison-Madueke, appeared before a Southwark Crown Court judge in!-->…
Businessman Chief Cletus Ibeto Faces Bench Warrant for Alleged N4.8 Billion Fraud
Justice I.O. Ijelu of the Lagos State High Court issued a bench warrant for businessman Chief Cletus Ibeto's!-->…
President Bola Tinubu May Reshape Cabinet as Ministerial Retreat Concludes
President Bola Tinubu may consider reshaping his cabinet following the conclusion of a three-day Ministerial!-->…
FTX Founder Sam Bankman-Fried Convicted: What Happens Next?
FTX founder Sam Bankman-Fried has been convicted of orchestrating a multibillion-dollar fraud on the!-->…
Nigeria Gains Traction with Foreign Investors as Economic Reforms Pick Up
Following a slowdown in reforms, Nigeria is back on the radar of foreign investors. The Central Bank of Nigeria's!-->…
AFC Successfully Exits Investment in Ghana’s Takoradi Port Expansion Project
Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has successfully exited!-->…
Norrsken22 Closes $205 Million Fund to Propel African Tech Startups
Norrsken22, a Pan-African venture capital firm, has successfully closed its debut fund at an impressive $205!-->…
Sanlam Private Equity Sells Majority Stake in Absolute Pets to Woolworths
Sanlam Private Equity, the private equity division of Sanlam Investments, has announced the successful sale of its!-->…
British International Investment Commits $26.5 Million to Enhance Food Security in…
British International Investment (BII), the UK’s development finance institution, has pledged a substantial!-->…
Standard Bank Group Launches Energy Transition Fund to Drive Sustainable Growth in…
Standard Bank Group (SBK), in collaboration with Liberty, has initiated an Energy Transition Fund with an initial!-->…
AAIC Investment Raises $40 Million for Africa Innovation & Healthcare Fund II
AAIC Investment has announced the successful second close of the Africa Innovation & Healthcare Fund (AHF) II,!-->…