Nigerian billionaire and business mogul Femi Otedola has notably raised his ownership in FBN Holdings Plc, a prominent financial services group in Nigeria. Otedola, who has been consistently acquiring shares …
AfricaAFRICA NEWSBusiness Policies
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Business Policies
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World Bank Disburses $45.5 Million for Nigeria’s ID4D Project
by Editorby EditorThe World Bank has released $45.5 million to aid Nigeria’s Identification for Development (ID4D) project, a bold initiative to assign distinct identification numbers to millions of Nigerians. This financial support …
- AfricaAFRICA NEWSBusiness Policies
Sanlam to Acquire MultiChoice’s Insurance Business
by Editorby EditorSanlam, a top financial services group in Africa, has revealed plans to purchase MultiChoice’s insurance business to enhance its presence in the expanding digital insurance market. This acquisition will strengthen …
The Lagos State Government has restated its strong dedication to backing Small and Medium Enterprises (SMEs), highlighting their vital role in stimulating economic growth and generating employment opportunities. Governor Babajide …
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Business Will Continue: Guinness Nigeria Speaks on Alleged Exit from Nigerian Market
by Editorby EditorGuinness Nigeria has rejected rumours of leaving the Nigerian market, confirming that business operations will proceed without interruption. This announcement follows speculation fueled by reports of other multinational companies exiting …
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NCAA to Penalize Airline Owners, Operators for Flying into Restricted Areas
by Editorby EditorThe Nigerian Civil Aviation Authority (NCAA) has introduced severe penalties for airline owners and operators who enter restricted areas without permission. This initiative aims to improve airspace safety and enforce …
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MultiChoice Attributes 18% Decline in DStv Subscribers in Nigeria to Economic Challenges
by Editorby EditorMultiChoice, Africa’s leading entertainment company, has announced an 18% decrease in DStv subscribers in Nigeria, citing the decline as a result of the country’s persistent economic difficulties. This notable decrease …
The federal government of Nigeria has signed a $1 billion agreement for the development of five new power plants in the country to tackle the energy shortage. The deal, completed …
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Bad Policies Have Shrunk South Africa’s Economy
by Editorby EditorSouth Africa’s economy is reeling from the impact of a series of misguided policies, which analysts say have led to a significant contraction in economic activity. The consequences of these …
The Central Bank of Nigeria (CBN) has revealed a thorough evaluation of banks’ recapitalization strategies to enhance the financial stability and durability of the nation’s banking industry. This effort is …