Nigeria lost an estimated $77.7 billion to trade-related illicit financial flows (IFFs) between 2013 and 2022, according to a new report released by Global Financial Integrity (GFI), a United States-based …
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News
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By a strategic boardroom move seen as strengthening investor confidence, Africa’s foremost industrialist, Aliko Dangote, has appointed Zimbabwean business leader and MTN Group President/CEO, Ralph Mupita, to the board of …
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AfricaAFRICA NEWSBusiness PoliciesNews
PIDG exits InfraCredit Nigeria signalling market confidence in domestic credit enhancement
The Private Infrastructure Development Group (PIDG), through its project development arm, InfraCo, has exited its $26 million preference share investment in InfraCredit Nigeria, posting a strong return despite a tough …
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AfricaBusiness PoliciesNews
Moniepoint processes N412trn Transactions, Deepens Grip on Retail Payments
Nigerian fintech giant, Moniepoint, has processed transactions valued at N412 trillion in 2025, further cementing its dominance in the country’s retail payments space. The company also disclosed that it disbursed …
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AfricaEducationNewsPress Releases
Dr. Ayoola Oduntan Donates 2,000 Capacity Model Broiler Poultry Pen Complex to Ahmadu Bello University, Zaria
In a significant contribution to veterinary education, youth empowerment, and sustainable livestock development in Nigeria, Dr. Ayoola Oduntan, Group Managing Director of Amo Group, a leading agribusiness and integrated animal …
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AfricaAFRICA NEWSEconomyNewsNigeria
Federal Gov’t Raises N501bn Bond, Settles N421.42bn Power Sector Debts
The Federal Government on Tuesday announced the successful completion of its inaugural N501 billion bond issuance aimed at settling long-standing debts in the power sector, in a move expected to …
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AfricaAFRICA NEWSNewsPolitics
Nigeria, Türkiye target $5bn trade volume, sign agreements on defence, others
Nigeria and Türkiye have set an ambitious target to grow bilateral trade to $5 billion as both nations signed nine key agreements covering defence, trade, education and social development. The …
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AfricaAFRICA NEWSNewsSouth AfricaSouth Africa EconomySouthern Africa
Rand gains despite US warning on possible flight halt to South African airport
South Africa’s rand appreciated against the United States dollar on Wednesday as investors largely looked past mixed domestic economic indicators, even as reports emerged of a warning from US authorities …
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AfricaAFRICA NEWSNewsSouth AfricaSouth Africa EconomySouthern Africa
OpenAI, Microsoft lose last chance to avoid trial with Musk
OpenAI and its longtime partner, Microsoft, have lost their final bid to halt a lawsuit filed by billionaire tech entrepreneur Elon Musk, as a United States federal judge ordered the …
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The Federal Government and the Academic Staff Union of Universities, ASUU, have signed a far-reaching agreement aimed at ending recurring strikes in public universities and improving the welfare of academic …