According to an official from PASA, Petroleum Agency SA, Legal processes lodged by coastal communities to block oil and gas exploration effectively halted R1 billion in investment into the country. …
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.
- BusinessEnergyOil & GasSouthern Africa
- AfricaAirtelBanking, Finance & InvestmentBusiness and EconomyNigeriaWestern Africa
Nigeria’s capital market gains N470bn as Wema Bank, Airtel lead recovery
The Nigerian capital market halted its losses following the increase in the market share by 1.70 percent on Friday. Data obtained from the capital market revealed that the growth lifted …
- Banking, Finance & InvestmentBusinessINVESTMENTSouthern Africa
Standard Bank dismisses vaccination policy
Standard bank came under fire for dismissing 40 employees and placing others on special leave for refusing to vaccinate despite the company making it compulsory to do so. Earlier this …
- AfricaGlobal NewsSouth AfricaSouthern AfricaSpotlightTechnology
Elon Musk pushes for the Twitter trial to start next year
Twitter is pressing for a quick trial, and Elon Musk’s lawyers are making a case to slow things down. In the lawsuit Twitter filed against its would-be owner, the company argued …
- AfricaGlobal NewsNigeriaTechnology
Ping Express convicted in the US after $160 million sent to Nigeria
The Executives of a United States fintech company, Ping Express, have pleaded guilty to breaching money laundering rules after sending $167 million to Africa unchecked in less than 3 years. …
The Nigerian Customs Services has deactivated Five Star Logistics Limited terminal from its portal at the Tin Can Island port over N97.3 million debt. This was disclosed by the Association …
- AfricaOil & GasSouth AfricaSouthern Africa
Oil Exploration Planned Again Off South Africa’s West Coast
Searcher Seismic is planning a survey looking for oil offshore South Africa, months after it called off an earlier search due to a court challenge. The company is applying for …
Kenya is set to receive Ksh 7.4 billion ($63M) loan from the African Development Bank (AfDB) to support food security efforts amid rising cost of inputs and prevailing drought. The loan …
Kenya’s e-mobility startup, BasiGo has won Ksh 3 million ($25,000) Keeling Curve Prize (KCP) for its efforts to reduce greenhouse emissions. Basi-Go is among 10 companies awarded the prize by …
- AfricaBusinessNewsNigeriaTechnologyWestern Africa
Flutterwave to shut down virtual dollar card service from July 17, 2022
Fintech company, Flutterwave, has said it will be shutting down its virtual dollar card service also known as Barter card, effective from July 17, 2022. The company disclosed this in …