The exchange rate between the naira and the US dollar closed at N429.13/$1 at the official Investors and Exporters (I&E) window on Monday, July 18, 2022. Naira appreciated slightly against …
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.
Elon Musk’s pursuit of Twitter was a melodrama from the beginning – a volatile courtship between a mercurial billionaire and an influential social media platform. That relationship – a love-hate …
- AfricaBanking, Finance & InvestmentNigeriaWestern Africa
BEDC Challenges FG over takeover by Fidelity Bank Plc
Benin Electricity Distribution Company ( BEDC ) Plc has dragged the Bureau of Public Enterprises, an agency of the Federal Government of Nigeria, to a United Kingdom arbitration to challenge …
Investors’ wealth at the Nairobi Securities Exchange (NSE) plunged Sh95 billion as local traders raced to profit from stocks bought cheaply a month ago. The NSE’s market capitalization closed at …
Sasol Ltd, South African fuel and petrochemical company Sasol Ltd said on sunday that it will restart its refinery by the end of July after the company declared force majeure …
The International Monetary Fund (IMF) has approved USD 235.6mn (Sh28 billion) loan which will be directed towards budgetary support, to improve governance and support broader economic reforms. This becomes the …
- BusinessEconomyManufacturing & Consumer GoodsUncategorized
Italian Firm Eni Commences Production Of First Kenyan Vegetable Oil
Italian multinational oil and gas company, Eni has commenced production of the first Kenyan vegetable oil for bio-refineries at its oilseed collection and pressing plant in Makueni. The agrihub will …
A Russian court has fined American tech giant Google more than 21 billion rubles ($366 million) on Monday, for its failure to delete prohibited information on the conflict in Ukraine, …
- AfricaBusinessHospitality, Travel & TourismTrending TodayWestern Africa
ASUU: Aviation Union threatens to shut down airports
The Association of Nigeria Aviation Professionals (ANAP) has threatened to shut down airports in Nigeria as a result of the lasting strike by the Academic Staff Union of Universities ( …
- AfricaAgricultureEastern AfricaFood ProductionKenya
Coffee prices rally on high demand as tea record marginal decline
The commodity markets registered a mixed fortune in the latest auction with coffee prices rising for a second time in a row while tea fell marginally. According to the Nairobi …