Operatives of the economic and financial crimes commission raided the offices of black market currency dealers in Abuja on Tuesday in a bid to halt the rapid fall of the naira. …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- Banking, Finance & InvestmentBusinessEconomyMarketsNigeria
Elon Musk consolidated his control of Twitter Inc. on Monday after the entire board was dismissed. Musk, 51, completed his purchase of Twitter last week for $44 billion and immediately …
- BusinessMobile Telecommunications Network (MTN)Southern AfricaTelecommunicationsWestern Africa
MTN asks Nigeria to lift block on tariff hikes
MTN Group Ltd. asked the Nigerian government to reverse a directive cancelling an increase in telecom tariffs implemented by operators last month, citing rising costs in the industry. The local …
- BusinessEconomyNigeriaTransportation & Logisitics
Nigeria produces 650,000 international passports booklets in 2022
The Federal Government has said that 650, 000 international passport booklets were produced in 2022. This is 100,000 fewer than 750, 000 applications within the year. The Minister of Interior, …
- BusinessCryptocurrencySouthern Africa
Pick n Pay rolls out Bitcoin payments across stores in South Africa
Pick n Pay has expanded its Bitcoin payments trial to 39 stores across South Africa’s major cities, the retailer has announced. It plans to roll out to all its stores …
The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor spirit in the Eastern part of …
Naira fell significantly against the U.S dollar at the unauthorized parallel market on Monday, extending the local unit devaluation to N800 at the close of business. This implies a 2.83 …
- BusinessEconomyEnergyMoroccoOil & Gas
Sound Energy and Attijariwafa Bank in Talks to Fund Tendrara and Anoual Gas Exploration in North Morocco
Sound Energy, a London-listed energy company, announced today that it is extending the negotiation period with Attijariwafa Bank, Morocco’s largest bank, on funding the Grand Tendrara and Anoual gas exploration …
- EconomyEnergyMarketsMorocco
Electric Storage Maker EcoFlow announced extending it’s operations to Morocco
EcoFlow, a company specializing in electricity storage solutions announced it is extending its operations to Morocco. Commenting on the decision to enter Morocco’s market, EcoFlow said that Morocco has a …
Kenya’s inflation hit a five-year high in October amid a continued increase in the cost of food, fuel, and housing. Monthly inflation data by the Kenya National Bureau of Statistics …