Terrahaptix, a Nigerian defence technology startup, has raised $11.7 million in fresh capital to expand the development and deployment of security drones and related surveillance systems across Africa, as concerns …
EconomyUncategorized
The Nigeria Customs Service (NCS) has commenced the implementation of a new Standard Operating Procedure (SOP) to regulate courier companies operating under the Delivered Duty Paid (DDP) Incoterm. The Comptroller-General …
- EntrepreneurshipUncategorized
ARM launches ₦200bn private debt fund to boost SME access to long-term finance
ARM Investment Managers has unveiled a ₦200 billion private debt programme aimed at widening access to long-term financing for small and medium-sized enterprises (SMEs) in Nigeria, as part of efforts …
Ecobank Transnational Incorporated (ETI) has joined the elite league of trillion-naira companies on the Nigerian Exchange Limited (NGX), marking its first entry into the club in over 20 years of …
MultiChoice Nigeria has announced the appointment of Kemi Omotosho as its new Chief Executive Officer, following the retirement of long-serving CEO, John Ugbe. The company disclosed in a statement on …
- BusinessGovernancePoliticsSouth Africa
Eskom Legal Challenge and Private Electricity Trading in South Africa: Impact on Market Reform and Investment
Eskom Holdings SOC Limited, South Africa’s state-owned electricity giant, has come under scrutiny for giving mixed signals about its legal challenge to the National Energy Regulator of South Africa (Nersa) …
- BankingBusinessDigital BankingEconomic DevelopmentFinanceGhanaWestern Africa
First Atlantic Bank Expands to Liberia, Boosting West Africa Banking
First Atlantic Bank PLC (FAB) has taken a major step in its regional growth strategy after securing regulatory approval to operate in Liberia. The development marks an important milestone for …
Rents in Lagos and Abuja are rising by as much as 20 per cent yearly in some locations, worsening housing pressure for tenants and deepening affordability challenges across Nigeria’s major …
Eterna Plc has announced a ₦21.52 billion rights issue as part of its capital-raising programme aimed at strengthening its financial position and supporting long-term growth. The Chairman of the company, …
The Nigeria Deposit Insurance Corporation (NDIC) has announced the recovery and distribution of an additional ₦24.3 billion to depositors of the defunct Heritage Bank Limited, offering renewed relief to customers …