The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging at N430. The figure represented a decrease of 0.09 per cent compared with the N429.62 …
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- AfricaAFRICA NEWSBusinessFinance & ServicesNewsNigeriaTechnologyWestern Africa
Pastel, a Nigerian bookkeeping startup secures $5.5 million seed fund
Pastel, a Nigerian bookkeeping and digital platform for merchants, on Monday secured a $5.5M seed fund. The seed round was led by pan-African venture capital firm TLcom Capital and included …
- AfricaAFRICA NEWSEconomyNewsNigeriaTrending TodayWestern Africa
Nigeria’s Inflation surges to 19.64%, the highest since 2005
Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The latest …
Ghana-based, Float, focused on helping businesses manage cashflow, has acquired Accounteer, a Nigerian cloud-based accounting company. The deal, which follows Float’s $17 million equity and debt seed funding raised eight …
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Binance hires South African Country boss
Binance has hired former HSBC South Africa global banking head Hannes Wessels to lead its South African operations. Wessels has been at HSBC for 22 years, serving in senior executive …
- AfricaAFRICA NEWSBusinessEgyptNewsNorth AfricaNorthern Africa
FRA approves EGX’s proposal to correct trading violations
The Financial Regulatory Authority (FRA) has approved a proposal from the Egyptian Exchange (EGX) to expand the use of the reverse execution mechanism, along with other mechanisms, to correct trading …
- AfricaAFRICA NEWSBanking, Finance & InvestmentBusinessFinance & ServicesGhanaNewsTechnologyWestern Africa
E-cedi will not affect MoMo business, says Bank Of Ghana
The Bank of Ghana has assured that its quest to implement the digital currency, also known as the e-cedi, will not disrupt or collapse the mobile money (MoMo) system. According …
- AfricaAFRICA NEWSBusinessEconomyNewsNigeriaOil & GasWestern Africa
Federal Government of Nigeria inaugurates team to tackle gas flaring
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend inaugurated a 12-member Flare Gas Commercialisation Programme Team with responsibility to drive the process and coordinate the Flare Gas Commercialisation Programme …
- AfricaAFRICA NEWSBusinessEnergyNewsSouth AfricaSouthern Africa
Thungela returns R8.2 billion to shareholders after a record half year
Thungela Resources has declared an interim dividend of R8.2 billion, or R60 per share, following a record half year in which profit rocketed on the back of strong export coal …
- AfricaAFRICA NEWSBusinessEnergyNewsSouth AfricaSouthern Africa
Eskom coal supplier Seriti buys controlling stake in Windlab Africa
Major Eskom coal supplier Seriti Resources has acquired a controlling stake in renewable energy company Windlab Africa for R892 million. The deal gives Seriti a 51% stake in the wind …