A recent report has revealed that digital payments across Africa are expected to reach a staggering $1.5 trillion by the year 2030. This growth is largely driven by the increasing …
AfricaFinance & ServicesFintechTechnology
- EconomyInfrastructureNigeriaTransportation & LogisiticsWestern Africa
Rewane Advocates Road Concessions to Strengthen Naira and Reduce Inflation
Bismarck Rewane, the Managing Director of Financial Derivatives Company Limited, has emphasized that concessioning Nigeria’s major roads could play a crucial role in reducing inflation, enhancing productivity, and stabilizing the …
- Banking, Finance & InvestmentFintechNigeriaTechnologyWestern Africa
FirstBank Launches Fifth Digital Xperience Centre in Lekki
First Bank of Nigeria Limited has inaugurated its fifth fully automated branch, the FirstBank Digital Xperience Centre, located on Admiralty Way in Lekki, Lagos State. This initiative is part of …
- Banking, Finance & InvestmentFinance & ServicesGOVERNMENTNigeriaPoliticsWestern Africa
CBN Declines Approval of Ex-Commissioner Wale Bolorunduro as Director of Living Trust Mortgage Bank
The Central Bank of Nigeria (CBN) has declined the nomination of Dr. Adewale Bolorunduro, a former Commissioner for Finance in Osun State, as a Director of the state-owned Living Trust …
- EconomyEnergyGOVERNMENTInfrastructureNigeriaWestern Africa
Federal Government Allocates N471.69 Billion for Electricity Subsidies in Q4 2024
The Federal Government of Nigeria has provided N471.69 billion in subsidies to support the nation’s electricity sector during the fourth quarter of 2024. This subsidy accounts for approximately 57% of …
- AgribusinessAgricultureBusinessBusiness and EconomyEconomyNigeriaWestern Africa
JR Farms and Cross River State Collaborate to Establish 30,000-Hectare Coffee Plantation
A Nigerian agribusiness company, JR Farms, has partnered with the Cross River State Government to develop a 30,000-hectare coffee plantation across the state’s 18 local government areas over the next …
- AfricaBusinessGOVERNMENTINVESTMENTNigeriaTrade and CommerceWestern Africa
Trade Ministry Calls Urgent Meeting Over FRCN Levy Dispute
The Federal Ministry of Industry, Trade and Investment has called an emergency meeting to address the growing concerns over a new levy introduced by the Financial Reporting Council of Nigeria …
As the week commences, several developments are poised to influence African markets. Financial markets exhibited mixed signals on Monday. U.S. stock futures experienced an uptick, while the dollar displayed volatility. …
- Business PoliciesEconomyFinance & Services
Nigeria and Brazil Forge $1.1 Billion Pact to Enhance Food Security
In a significant move to bolster agricultural productivity and ensure food security, Nigeria and Brazil have entered into a $1.1 billion agreement. This collaboration aims to enhance Nigeria’s agricultural infrastructure …
- Business and EconomyEconomyHealthcareNigeriaWestern Africa
Generic Drugs May Lower Prices for Ozempic and Keytruda
Blockbuster drugs like Ozempic and Keytruda, which have long carried hefty price tags, may soon become more affordable as their patents near expiration. Industry experts believe that when the exclusive …