Despite the implementation of the Band ‘A’ tariff regime, the Federal Government paid ₦458.75 billion in electricity subsidies to operators across the power value chain in the third quarter of 2024, according …
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The naira recorded a strong appreciation against the United States dollar on Tuesday at the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). CBN …
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TANTITA Security Services has entered into a partnership with U.S.-based Textron Systems to deploy advanced drone technology aimed at strengthening security and surveillance across Nigeria’s oil and gas infrastructure. Under …
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Rand Merchant Bank Nigeria Limited says it hit the Central Bank of Nigeria’s capital target for merchant banks. On March 28, 2024, the CBN raised minimum capital for international commercial …
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Asia-PacificBusinessCommoditiesGlobal MarketsINVESTMENT
Gold Prices Gain in Asia Amid Global Market Caution
Global financial markets opened the new year on a mixed but largely positive note, with investors across Asia turning to safe-haven assets such as gold and silver, while equities in …
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EconomyGOVERNMENTPoverty AlleviationPublic SectorSocial WelfareSouth Africa
Sassa Urges Calm as January 2026 Grants Roll Out
The South African Social Security Agency (Sassa) has announced the payment schedule for its first social grants of 2026, urging beneficiaries to remain calm and avoid rushing to payment points …
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BusinessEconomyEnergyManufacturingOil & GasUncategorized
Dangote Refinery Says Operations Ongoing, PMS Supply Stable
Dangote Petroleum Refinery has firmly dismissed reports claiming that it has shut down operations for maintenance, describing the information as false, misleading, and capable of causing unnecessary panic in the …
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African EconomyBankingFinanceGhanaRegulationRemittances
Bank of Ghana Enhances Oversight of Inward Remittances
The Bank of Ghana (BoG) has introduced new operational guidelines for International Money Transfer Operators (IMTOs) as part of efforts to tighten oversight of inward remittances, protect foreign exchange inflows, …
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African EconomyBankingFinanceInternational BusinessINVESTMENT
Ethiopia Banking Reform: Standard Bank Gets First Foreign Approval
Standard Bank has recorded a major milestone in Ethiopia after its Representative Office in the country became the first foreign financial institution to be re-licensed under Ethiopia’s newly revised Banking …
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BusinessCapital MarketCorporate FinanceInvestmentsManufacturingNigerian Economy
Champion Breweries Strengthens Finances with 19.5% Bond Issue
Champion Breweries Plc has taken a major step in strengthening its financial position after successfully issuing a five-year fixed rate senior unsecured bond at a coupon rate of 19.50 per …